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

Earnings data Q2 2024

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) — The median monthly housing payment for San Francisco homebuyers has dropped 14.8% (-$1,477) since hitting its pandemic-era peak in October, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It's the biggest percentage decline of the 49 most populous U.S. metros.

San Francisco Homebuyers Are Paying $18,000 Less Per Year Than Those Who Bought When Rates Peaked

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SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — Home searchers now have an easier way to keep track of their favorite homes on Redfin (www.redfin.com). Today, the technology-powered real estate company launched Favorites Lists, a new tool that allows Redfin's app and website users to organize their favorite homes into custom lists and share them with their home search partner.

Redfin Launches Favorites Lists to Help Organize Your Home Search

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Redfin (RDFN) Moves 19.7% Higher: Will This Strength Last?

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The market appears to be on an upswing, according to the online real estate brokerage's latest piece of homegrown research.

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SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — Pending home sales fell 26% year over year during the four weeks ending January 22, the smallest drop in more than three months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Pending Home Sales Improve in January As More Buyers Return

Zillow

Shares of Redfin and Zillow dropped more than the broader market on Wednesday.

Home Listings Shakeup Could Hit Zillow and Redfin

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — The housing market has begun to recover after hitting a low point in the second week of November, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Report: The Housing Market Has Started to Recover

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SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — A record one-quarter (24.6%) of Redfin.com users looked to move to a different metro area in the fourth quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 22.1% a year earlier and around 18% before the pandemic.

A Record 25% of Home Searchers Looked to Move to a New Metro at the End of 2022 as High Housing Costs Drove Relocation

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SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) —The median U.S. home-sale price increased 0.9% from a year earlier to $350,250 during the four weeks ending January 15, the biggest increase in a month, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Home Prices Post Small Increase as Mortgage-Rate Drop Attracts Buyers

Fears of a weakening economy weighed on the real estate stock.

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SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) —Homes are selling at their slowest pace since the housing market nearly ground to a halt at the beginning of the pandemic, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Sales Are Slow to Kick Off New Year, But More Buyers Start Searching

Anywhere Real Estate Inc

Mortgage rates fell last week, which led to higher mortgage volume.

News for Redfin Stock (RDFN)