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) — Mortgage-purchase applications and Redfin's Homebuyer Demand Index both increased as rates stayed around 6.6%, down sharply from 7% earlier this month, saving the typical buyer over $100 in monthly mortgage payments. Still, supply is piling up--posting a record annual increase--as pending sales fell the most on record. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Homebuying Demand Ticks Up Slightly After Last Week's Record-Fast Rate Drop

Compass

Douglas Elliman

Home prices are falling as demand decreases from the extreme highs of the pandemic

Home purchases by Investors Drop 30%

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) —Investor home purchases fell 30.2% year over year nationwide in the third quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That is the largest decline since the Great Recession aside from the second quarter of 2020, when investor activity plummeted due to the onset of the pandemic. It outpaced a 27.4% drop in overall home purchases nationwide.

Redfin Reports Investor Home Purchases Fell 30% in Third Quarter, Largest Drop Since Great Recession Aside From Pandemic Start

Shares of Redfin Corp. RDFN, -10.61% tumbled 9.6% in midday trading Monday, after the real estate services company said pending home sales plunged 32.1% in October from a year ago, the most since it started keeping records in 2013. The drop off in pending sales comes as deal cancellations jumped to a record 17.9% of home that went under contract, and a record 23.9% of homes for sales experienced a price drop.

Redfin sees pending home sales fall by a record in October, as cancellations surge

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — Pending home sales fell the most on record in October and deal cancellations and price cuts hit record highs, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Pending Home Sales Post Record Drop in October as Deal Cancellations, Price Cuts Hit Record High

Semrush Holdings

Shopify

The stock market could look very different next year -- in a good way.

3 Top Stocks to Buy Before the New Year

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) —The largest weekly drop in mortgage rates in four decades, along with the slowest annual home-price growth since the start of the pandemic, is providing some relief for would-be homebuyers' budgets. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports The Fastest Mortgage-Rate Drop in 40 Years Saves Homebuyers $100 Per Month

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — The median U.S. asking rent in October rose 7.8% year over year to $1,983, the smallest annual increase since August 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Rents Rose 7.8% in October—Slowest Growth in 14 Months

Beaten-down real estate stocks could be the biggest winners if inflation continues to cool off.

Has Inflation Peaked? 1 Growth Stock Down 95% to Buy Now

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — A homebuyer must earn $107,281 to afford the $2,682 monthly mortgage payment on the typical U.S. home, up 45.6% from $73,668 a year ago, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's due to mortgage rates that have more than doubled over the last 12 months, combined with persistently high home prices.

Homebuyers Need $107,000 Annually to Afford the Typical U.S. Home–Up 46% From a Year Ago

SEATTLE--( BUSINESS WIRE )--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event:

Redfin to Present at Needham Consumer Tech / E-Commerce Virtual Conference

The real estate firm is caught up in a situation not of its own making.

Why Redfin Is Falling to Start the Week

The weak housing market is hitting Redfin on multiple fronts.

Redfin Exits iBuying, but Is It a Buy?

A streamlined business model could help the beleaguered brokerage survive a housing market crash.

Why Redfin Stock Rocketed 30% This Week

Ardagh Metal Packaging SA

Bed Bath & Beyond

GrowGeneration Corp

Kinross Gold

Marinus Pharmaceuticals

Nu Holdings

Olaplex Holdings

Opendoor

SomaLogic

More penny stocks with unusual options activity right now. The post 10 Hot Penny Stocks With Unusual Options Activity, Time To Buy?

10 Hot Penny Stocks With Unusual Options Activity, Time To Buy?

The real estate outfit continues to benefit from finally getting its house in order.

Why Redfin Is Rising for the Second Straight Day

Real estate mega-giant Redfin (NASDAQ: RDFN ) is on a rollercoaster this week. Yesterday morning, RDFN stock sunk in response to its recent earnings call, in which the company announced sweeping layoffs ahead of a housing downturn they expect to bleed into 2023.

Why Experts Think a Housing Market Crash Will Drag Into 2023

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — Home-sale prices rose 3.2% year over year during the four-week period ending November 6, the smallest increase since July 2020, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Annual Home Price Growth Slows to 3%

The U.S. housing market continues to show signs of weakening, impacting Seattle real estate tech companies such as Zillow Group and Redfin. And the trend may continue.

Redfin CEO: ‘The housing market could get worse'

Coinbase

Salesforce

Snap

Layoffs have been a big topic among traders this year as several companies have been cutting jobs. All of this comes as a recession causes problems for the economy.

Layoffs 2022: 9 Companies That Have Cut Jobs So Far This Year

The company is leaving its home-purchasing business and reducing its workforce.

Why Redfin Stock Is Rising Today

Redfin's CEO expects the US market for houses to be 30% smaller in 2023 than it was in 2021, putting pressure on housing companies.

US home sales will keep falling through 2023, Redfin says: 'Housing companies are in the jungle now'

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The four U.S. metropolitan areas with the highest inflation rates in the third quarter are migration hotspots, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Pandemic Boomtowns Phoenix and Miami Have Among the Highest Inflation Rates in the U.S.

Redfin Corporation (NASDAQ:RDFN ) Q3 2022 Earnings Conference Call November 9, 2022 4:30 PM ET Company Participants Meg Nunnally - Investor Relations Glenn Kelman - Chief Executive Officer Chris Nielsen - Chief Financial Officer Conference Call Participants Tom White - D.A. Davidson Jason Helfstein - Oppenheimer Naved Khan - Truist Securities Mike Ng - Goldman Sachs John Campbell - Stephens Inc Mark Mahaney - Evercore Jay McCanless - Wedbush Chris Laskowski - Jefferies Curtis Nagle - Bank of America Operator Good day, ladies and gentlemen and welcome to the Redfin Corporation Q3 2022 Earnings Conference Call.

Redfin Corporation (RDFN) Q3 2022 Earnings Call Transcript

Redfin (RDFN) delivered earnings and revenue surprises of 2.35% and 0.20%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Redfin Stock (RDFN)