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

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

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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 U.S. asking rent climbed 7.4% year over year to $2,007 in November, the smallest increase in 15 months and the sixth-consecutive month in which annual rent growth slowed, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, rents were up twice as much in the summer. November also marked the third-straight month of single-digit rent growth following almost a year of double-digit increases.

Redfin Reports November Asking Rents Post Smallest Annual Increase in 15 Months

Down more than 90%, is the real estate disruptor worth a look?

Is Redfin a Great Stock to Buy Before 2023?

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) —The total number of homes for sale increased 15% year over year during the four weeks ending December 4, the biggest uptick since at least 2015, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Supply Posts Record Increase As Homes Linger on the Market

Home Point Capital

KB Home

Opendoor

PulteGroup

Rocket Companies, Inc.

Zillow

Though the housing sector represented one of the most remarkable developments of the post-coronavirus new normal, the subsequent paradigm shift necessitates a discussion about real estate stocks to sell. To be clear, it's not that this segment suddenly became irrelevant.

7 Real Estate Stocks to Sell While You Still Can

As mortgage rates rise and inflation remains stubborn, there are signs that the housing market is slowing down. Here's what it means for investors.

Is The Housing Market Slowing Down: Redfin 2023 Predictions

This isn't a value stock, but the market might be incorrectly pricing Redfin's long-term potential.

Down 87%, Here's Why Redfin Stock Is Wildly Undervalued Heading Into 2023

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — Mortgage rates will take center stage in 2023, with high rates likely to make it the slowest housing-market year since 2011, according to annual end-of-year predictions from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin's 2023 Housing Outlook: A Post-Pandemic Sales Slump Will Push Home Prices Down For the First Time in a Decade

Redfin announced Monday that it added the zoning data of more than 70 million homes on its platform, becoming the first real estate site to offer such information.

Redfin launches new feature that shows zoning data on home detail pages

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate brokerage, today added zoning and land use information to more than 70 million home description pages on its website. Powered by a partnership with Zoneomics, Redfin is the first real estate site to provide users with a detailed view that educates them on the implications of their local zoning guidelines for almost any home in the U.S. and Canada.

Redfin Adds Zoning Data for More Than 70 Million Homes

Shares of Redfin have plummeted more than 85% this year, owing largely to the cooldown in the real estate market. Skyrocketing interest rates on top of a weakening labor market have dramatically impacted transactions in the second half of the year.

Redfin: There's Salvage Value Here

Bumble

Beyond Meat

Carvana

Marathon Digital Holdings

Pinterest

Although commitment through astounding odds stirs the soul, when it comes to stocks that are screaming sells, investors must consider the stone-cold fundamentals. To be clear, this list isn't about bashing particular securities for the heck of it.

7 Stocks That Are Screaming Sells Heading Into 2023

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — A record 2% of U.S. homes for sale were delisted each week on average during the 12 weeks ending Nov. 20, compared with 1.6% one year earlier, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That share has come down a touch since then, declining to 1.9% during the 12 weeks ending Nov. 27, which include the Thanksgiving holiday.

Home Delistings Hit Record High in November as Buyers and Sellers Retreated

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) —Homebuying demand has started ticking up as mortgage rates continue their steady decline, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Homebuying Demand Ticks Up as Rates Continue to Decline

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) —Nearly one-quarter (24.1%) of U.S. homebuyers looked to move to a different metro area in the three months ending in October, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That is on par with the record high of 24.2% set in the third quarter and up from roughly 18% in 2019, before the pandemic ushered in the remote-work era that gave many Americans more flexibility to relocate.

Redfin Reports Homebuyers Are Looking to Relocate to Affordable Areas–Especially in Florida–Amid High Rates, Prices

SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN) — Home-price growth has slowed fastest in pandemic boomtowns including Austin, Phoenix and Boise as high mortgage rates and an uncertain economy deter would-be buyers. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Home-Price Growth Is Cooling Fastest in Pandemic Boomtowns Like Austin and Boise

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.

News for Redfin Stock (RDFN)