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

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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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.

Redfin's Homebuyer Demand Index recently hit its highest level since last May. However, the mortgage market is still quite challenging right now.

Why Shares of Redfin Are Rising Today

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — House hunters are wading into the market as mortgage rates and home prices continue to decline, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Early-Stage Homebuying Demand Hits Highest Level Since May

Zillow

The U.S. Federal Reserve has been increasing interest rates at the most aggressive pace in its history. The real estate sector has been one of the hardest hit, but there could be some relief around the corner.

2 Stocks Down 79% and 91% That Could Soar in the Second Half of 2023

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The number of Redfin.com home searchers looking to relocate to a new metro fell 3.6% year over year in February, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That compares with a 14.4% drop in Redfin.com home searchers looking to relocate within their current metro. Those are both the biggest declines in Redfin's records, which go back through 2018.

Redfin Reports Cross-Country Movers Largely Undeterred By High Mortgage Rates

Bed Bath & Beyond

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XPeng

C3.ai

Beyond Meat

Vapotherm Inc

While there's something romantic about taking a shot on an underappreciated enterprise, a countervailing narrative also exists, which brings us to the topic of stocks to sell. To be sure, very few people enjoy discussing this subject (especially if you own the shares mentioned).

7 Stocks to Sell in March Before They Crash and Burn

Amazon

Credit Suisse

Microsoft

Signature Bank

SVB Financial Group

UBS Group AG

U.S. Bancorp

Plus, Jacob Goldstein, host of the podcast "What's Your Problem?," talks about bank runs.

More Tech Layoffs; Ongoing Bank Drama

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — This week's news that the Fed is modestly hiking interest rates and may pause them sooner than anticipated brought mortgage rates down for the second week in a row, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Spring Homebuying Season Kicks Off With Steady Demand, But Lack of Listings Holds Back Sales

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Today, Redfin (www.redfin.com), the technology-powered real estate brokerage, published its inaugural 2023 Sustainability Report, outlining the company's environmental, social and governance (ESG) commitments. This report reflects the collective efforts of individuals and teams across Redfin, who have taken on the challenge of connecting their ambition to do good in the world with the work they do everyday.

Redfin Releases Inaugural Environmental, Social and Governance Report

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. homebuyer's down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The median down payment was down 35% from the peak it reached in June, but still up more than 30% from pre-pandemic levels. The median down payment in January was equal to 10% of the purchase price, down from 13.

The Typical Down Payment Has Fallen 10% From a Year Ago As Housing Market Cools

iBio

Nabriva Therapeutics

Rocket Companies, Inc.

Shift Technologies

Peruse the Internet for investment guidance and you're likely to hear the adage that you shouldn't consider stocks to sell when faced with volatility. Rather, you should buy up assets and securities when there's blood on the streets.

7 Stocks to Sell as Banks Melt Down

Turmoil in the banking industry helped lower mortgage rates earlier this week. Some investors are hoping the Federal Reserve will back off from aggressive rate hikes.

Why Redfin Stock Soared 25% This Week

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home price fell 1.2% in February marking the first year-over-year decline since 2012, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Sellers have been forced to lower their expectations because high mortgage rates have put homebuyer demand on ice.

Redfin Reports Home Prices Fell 1% in February, First Annual Drop Since 2012

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Some homebuyers are returning to the market as mortgage rates decline from the four-month high they reached last week, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Daily average mortgage rates dropped from 7% to about 6.5% over the weekend in the wake of Silicon Valley Bank's collapse. U.S. home prices also fell, dropping 1.

Redfin Reports Demand For Mortgages Ticks Up As Rates Drop Amid Banking Turmoil

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate company, today announced it has expanded its Redfin Premier luxury real estate service nationwide. Consumers can now work with an expert Redfin Premier agent to buy or sell luxury homes in every market where Redfin provides agent service. Redfin Premier service was designed to deliver the best experience in luxury real estate.

Redfin Premier Expands Luxury Real Estate Service Nationwide

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home sellers gave concessions to buyers in 45.5% of home sales recorded by Redfin agents during the three months ending February 28, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the highest share of any three-month period in Redfin's records, which date back to June 2020, and compares with 31.1% one year earlier. This is according to data submitted by Redfin buyers' agents across the U.S.

Redfin Reports Nearly Half of Home Sellers Are Making Concessions to Woo Buyers

Redfin (RDFN) saw its shares surge in the last session with trading volume being higher than average.

Redfin (RDFN) Soars 14.0%: Is Further Upside Left in the Stock?

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were up nearly 10 times that much (16.5%) a year earlier. February was the ninth straight month in which rent growth slowed on a year-over-year basis. Rents fell 0.3% from a month earlier.

Redfin Reports Rents Drop to Lowest Level in a Year

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Sales of luxury U.S. homes declined a record 44.6% year over year during the three months ending Jan. 31, 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That outpaced the record 37.5% drop in sales of non-luxury homes. Redfin's data goes back to 2012.

Luxury-Home Purchases Sink a Record 45% to the Second-Lowest Level on Record

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The typical homebuyer's monthly payment hit a new all-time high of $2,563 this week, up 29% from $1,988 a year ago, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's dampening demand and preventing many would-be sellers from listing their homes. Rising mortgage rates sent monthly payments to new heights this week despite home prices dropping: The typical U.S.

Redfin Reports Homebuyers' Monthly Payments Hit All-Time High As Mortgage Rates Rise

Newmark Group

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loanDepot

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Due to a combination of macroeconomic challenges and affordability constraints, investors should be aware of the real estate stocks to avoid. Admittedly, the contrarian narrative initially seems compelling.

7 Real Estate Stocks to Avoid as the Market Flip-Flops

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NeoGenomics

NVIDIA

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Shutterstock

Investors are worried that S&P 500 stocks will let them down. So why not focus on the handful that are delivering perfection?

Investors Cash In On 12 'Triple Play' Stocks That Do No Wrong

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Just over 7% of U.S. homes are worth $1 million or more, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That figure is as of January 2023, the most recent data available. The share has dropped from June 2022's all-time high of 8.6% and remains essentially unchanged from a year earlier–but it's up from 4.2% just before the pandemic began.

Redfin Reports Million-Dollar Homes Are Less Common as High Mortgage Rates Cool the Market

The housing market may have reached a turning point in February, with slow price gains turning into declines.

First Sign of a Reversal in Home Prices Is Here

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Roughly one in five (21%) U.S. homes for sale in 2022 was affordable for the typical household, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from two in five (40%) in 2021 and the lowest share on record. A listing is considered affordable if the estimated monthly mortgage payment is no more than 30% of the local county's median income.

Redfin Reports There Were Half as Many Affordable Homes for Sale in 2022 as There Were in 2021

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — U.S. home-sale prices have fallen from a year earlier for the first time in more than a decade, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The milestone comes as 7% mortgage rates sideline buyers, and sellers are forced to lower their asking price to accommodate high rates. The typical U.S. home sold for $350,246 during the four weeks ending February 26, down 0.

News for Redfin Stock (RDFN)