Revenue segments as reported by the company.

Service

Product

Real estate services

Rentals

Mortgage

Other

Corporate overhead

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Technology & Development

Marketing

Restructuring and reorganization

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Redfin

Redfin Corp. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Redfin surpasses revenue expectations, eyes digital growth for profitability

Redfin's Q4 2022 performance exceeded revenue expectations and showcased financial stability. The company is strategically shifting towards higher-margin revenues and focusing on digital businesses for growth.
While facing challenges such as market share loss and increased expenses, Redfin is leveraging opportunities in high-margin digital revenue and repeat customer sales. The company's emphasis on partner agents and cost control strategies bodes well for future profitability.
Overall, Redfin's hybrid model, emphasis on digital growth, and commitment to enhancing customer experience position it for positive adjusted EBITDA in 2023 and net income in 2024.

Redfin exceeds Q1 revenue expectations, focuses on regaining market share

Redfin's Q1 performance exceeded expectations, with a focus on regaining market share and improving profitability. The company faces challenges in declining revenue and fierce competition in the mortgage market. However, opportunities exist in creating demand through innovative pricing and targeting luxury buyers.

Redfin reports revenue growth and partnerships driving future profitability

Redfin's Q2 2023 performance showed revenue growth and improved margins.
While facing market share challenges, Redfin's strategic partnerships and tech investments offer growth potential.
Opportunities lie in achieving profitability, enhancing customer experience, and expanding market share.

Redfin reports resilient Q3 earnings, eyes growth through digital strategies

Redfin's Q3 2023 performance showcased resilience, profitability, and strategic capital raising amidst market challenges.
Strengths in market share gains, digital strategies, and agent recruitment initiatives position Redfin for growth.
Challenges include achieving EBITDA breakeven, managing costs, and executing expansion plans effectively.
Opportunities in market expansion, agent recruitment, and digital business growth offer avenues for future success.

Redfin reports Q4 mixed results, eyes growth in mortgages and digital margins

Redfin's Q4 performance showed mixed results with revenue growth but net loss. Strengths lie in visitor growth, AI integration, and improving mortgage attach rates. Challenges include potential rate drops and long-term housing supply issues. Opportunities exist in revenue growth, EBITDA breakeven, and mortgage business expansion.

Redfin reports robust Q2 earnings, eyes growth amid challenges

Redfin delivered a strong performance in Q2, exceeding revenue expectations and showcasing profitability improvements.
While facing challenges in margin management and recruitment, Redfin's focus on efficiency and digital transformation bodes well for the future.
Opportunities lie in expanding Rental segment growth, optimizing Redfin Next, and exploring new revenue streams.
Overall, Redfin's strategic initiatives position the company for continued success amidst market uncertainties.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Redfin Corp. engages in the management of an online real estate marketplace and provision of real estate services. It operates through the following segments: Real Estate Services, Rentals, Mortgage, Other, and Corporate Overhead. The company was founded by David Selinger, David Eraker, and Michael Dougherty in October 2002 and is headquartered in Seattle, WA.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — One-quarter of homes for sale in Austin, TX (25.8%) have lower estimated monthly housing payments than they would have if they had been for sale a year ago, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's a higher share than any other major U.S. metropolitan area Redfin analyzed and more than triple the nationwide share of 7.1%. Seattle is close behind, at 23.6%, followed by San Francisco (18.8%).

Roughly 1 in 4 Homes for Sale in Austin and Seattle Cost Less Than They Would Have a Year Ago

Housing activity is drying up in the United States. Fewer home purchases mean a slowing of Redfin's business.

Why Redfin Stock Slipped This Week

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The number of Redfin.com home searchers looking to relocate to a new metro fell 4.2% from a year earlier in the first quarter, compared with a 15.6% drop for those looking to move within their current metro. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Those are the biggest drops in Redfin's records, which go back through 2018. Far-flung home searches have held up better than within-metro sear.

Out-of-Town Moves Remain Popular As High Housing Costs Push Homebuyers to Affordable Areas

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings of homes for sale fell 22.4% nationwide from a year earlier during the four weeks ending April 23, one of the biggest declines since the start of the pandemic, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Homeowners are staying put because they want to hang onto their low mortgage rates—this week's average 30-year mortgage rate increased for the second week in a row—and because it's hard.

Redfin Reports Dearth of New Listings Keeps Home Prices From Falling Further

loanDepot

Opendoor

KB Home

Ocwen Financial

Rocket Companies, Inc.

With the broader equity indices struggling for traction, rising recession fears brings the glaring spotlight back on so-called real estate bubble stocks. Due to the unique circumstance underlying the Covid-19 crisis and subsequent governmental response, housing prices skyrocketed.

7 Stocks That Will Get Pummeled When the Real Estate Bubble Pops

Redfin (RDFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Redfin (RDFN) to Report a Decline in Earnings: What to Look Out for

Stocks fell on mixed earnings and economic data. The Case-Shiller Index showed home prices rose in February.

Why Redfin Stock Was Sliding Today

Glenn Kelman has changed his mind about remote work.

‘Some people will quit over this decision': Read Redfin CEO's memo on back-to-office mandate

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one-third (30%) of 25-year-olds owned their home in 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's slightly higher than homeownership rates for millennials (28%) and Gen Xers (27%) when they were 25, and slightly lower than the rate for baby boomers (32%) when they were 25.

The Race to Homeownership: Gen Z Tracking Ahead of Their Parents' Generation, Millennials Behind

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly one of every seven (13.5%) U.S. homes sold by an investor in March sold for less than the investor bought it for, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's comparable with February's 14.5% rate—the highest since 2016. It's also nearly triple the share of a year earlier and compares with a record low of 2.8% in May. By comparison, 4.8% of overall U.S.

Real Estate Investors Are Losing Money on Roughly 1 in 7 Homes They Sell—The Highest Share Since 2016

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. homebuyer's monthly housing payment hit an all-time high of $2,538 as average weekly mortgage rates rose to 6.39% after five consecutive weeks of declines, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The new high comes in spite of the median home-sale price dropping 2.6% from a year earlier during the four weeks ending April 16, the biggest decline in over a decade.

Redfin Reports Home Prices Drop 3%, But Monthly Housing Payments Hit Record High As Mortgage Rates Tick Up

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release first-quarter 2023 results after the stock market closes on Thursday, May 4, 2023. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company.

Redfin to Announce First-Quarter 2023 Results on May 4, 2023

Shares of Redfin Corp. RDFN, -0.76% dropped 2.8% in premarket trading Wednesday, after the real estate services company said the median U.S. home price in March was down 3.3% from a year ago to $400,258, to mark the biggest decline in 11 years. Redfin said its records date back to 2012.

Redfin sees U.S. home prices in March fall the most in 11 years

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Pandemic boomtowns and pricey Bay Area markets led the price declines in March. In Boise, ID, prices fell 15.4% from a year earlier, more than any other U.S. metro area Redfin analyzed. Next came Austin, TX (-13.7%), Sacramento, CA (-11.

Redfin Reports Home Prices Fell 3% in March–Biggest Annual Drop in Over a Decade

Apple

Annualized inflation, measured by the Consumer Price Index, reached a 40-year high of 9.1% in 2022. Thanks to ultra-tight monetary policy, inflation has declined in every month since.

Good News: CPI Inflation Is Falling Fast. These 2 Stocks Might Be Smart Buys.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent fell 0.4% year over year to $1,937 in March—the first annual decline since March 2020 and the lowest median asking rent in 13 months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, rents were up 17.5% one year earlier, in March 2022. The median asking rent in March was unchanged from February. It remained $322 higher (19.

Redfin Report: Rents Post First Annual Decline in Three Years

After predicting that the sluggish housing market had started to rebound in January, Redfin this week blamed real estate market conditions as part of the reason for its latest round of layoffs.

Redfin's latest round of layoffs comes a few months after it predicted housing market recovery

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — New listings of U.S. homes for sale dropped 25% from a year earlier during the four weeks ending April 9, continuing an eight-month streak of double-digit declines, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Report: Buyers Can't Buy if Sellers Won't Sell

Redfin has laid off 201 employees, the third time the Seattle-based real estate company has reduced its workforce since June. The layoffs, which represents about 4% of its workforce, was first reported by GeekWire.

Redfin is laying off more workers as housing downturn persists

Redfin laid off 201 employees, or about 4% of its workforce, on Tuesday as it continues to trim expenses in response to the housing downturn and ongoing economic uncertainty.

Redfin lays off 201 employees as housing market continues to retrench

Amazon, Alphabet, Meta, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts.

2023 Layoff Tracker: Redfin Cuts 200 Workers

D.R. Horton

Ellington Residential Mortgage REIT

There's so much to consider when looking for stocks to sell. Will there or won't there be another housing market crash?

3 Stocks to Sell for the Housing Market Crash

Redfin stock soared after the Federal Reserve stepped in following the collapse of Silicon Valley Bank. Shares are rebounding on optimism that mortgage rates have peaked.

Why Redfin Stock Jumped 22% in March

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Mortgage-rate locks for second homes were down 52% from pre-pandemic levels on a seasonally adjusted basis in March, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That is compared to a 13% decline for primary homes. Second-home rate locks fell to their lowest level since 2016 in February and remained nearly as low in March.

Redfin Reports Demand For Vacation Homes Is Down More Than 50% From Pre-Pandemic Levels

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Although elevated mortgage rates continue to dampen homebuying demand, low inventory means home are selling fast in some parts of the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The pool of homes available to buyers is shrinking quickly. That's mainly because new listings are scarce. New listings fell 21.

News for Redfin Stock (RDFN)