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 )--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

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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?

Redfin (RDFN) Reports Q3 Loss, Lags Revenue Estimates

The company is laying off staff and shuttering RedfinNow.

Why Redfin Stock Lost 12% Today

Tough economic conditions are taking a toll on big public companies and tiny startups alike. See how these firms, from Compass to Zillow, have coped.

Layoffs are crushing the real-estate industry, and Redfin and Opendoor are the latest victims. Here are 44 companies that have shed jobs due to the fast-cooling housing market.

Shares of Redfin Corp. were down after hours on Wednesday, after the residential real-estate brokerage reported a steeper quarterly loss than expected and sales that missed expectations, along with a weaker-than-anticipated fourth-quarter sales forecast.

‘Housing companies are in the jungle now' — Redfin stock slips as results miss estimates

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its third quarter ended September 30, 2022.

Redfin Reports Third Quarter 2022 Financial Results

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Redfin will wind down its home-flipping program RedfinNow and lay off employees for the second time this year as it cuts expenses in response to a slowing housing market.

Redfin to cut 13% of workforce and shut down home-flipping business RedfinNow

All it took was a memo from Redfin's (NASDAQ: RDFN ) management to send RDFN stock sharply lower today. The disclosure of Redfin layoffs certainly put investors on edge, but financial traders also had to contend with the closing of Redfin's iBuying business.

Redfin Layoffs 2022: RDFN Stock Sinks as Redfin Cuts 13% of Workforce

Redfin is set to shutter its home-flipping business and reduce its workforce by 13%, laying off 862 employees.

Redfin shuts home-flipping business and cuts 13% of its workforce

The CEO tells staff that Redfin has tied up hundreds of millions of dollars in houses that ‘you yourself wouldn't want to own right now.'

Redfin Shuts Home-Flipping Business, Lays Off 13% of Staff

Online real estate company Redfin announced that it's reducing its workforce again. This time, 862 employees will be laid off amid the uncertain economic environment.

News for Redfin Stock (RDFN)