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) — More residents moved into red and purple counties in states key to this year's Senate elections in 2021 than any year in the last decade, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Americans Flocked to Red and Purple Counties in Key Senate-Race States During the Pandemic

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —U.S. pending home sales fell 35% year over year during the four weeks ending October 23, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Pending Home Sales Fall 35%, Largest Drop in at Least Seven Years

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Home sales and listings are pulling back even further this fall than they were over the summer as mortgage rates continue their upward march and widespread economic volatility leaves would-be homebuyers and sellers rethinking their plans.

Redfin Economists Share Advice for People Who Need to Move While Housing Costs Remain Near Record Highs

Investors seemed to believe that falling home prices could help the discount real estate brokerage.

Why Redfin Stock Gained Today

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than half (58%) of U.S. homeowners have invested in making their homes more resilient to climate threats, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports 58% of Homeowners Have Spent Money to Protect Their Homes From Climate Threats: Survey

D.R. Horton

Matterport

Opendoor

Ryder System

Zillow

With borrowing costs likely to rise further, as the Federal Reserve attempts to control inflation, it's time for investors to consider real estate stocks to sell. I get it. Bearish topics don't appeal organically, as do bullish ones.

7 Real Estate Stocks to Sell Pronto Before a Painful Downturn

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release third-quarter 2022 results after the stock market closes on Wednesday, November 9, 2022.

Redfin to Announce Third-Quarter 2022 Results on November 9, 2022

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Pending home sales and new listings both saw their biggest year-over-year drops since the start of the pandemic, dipping to levels roughly on par with April 2020, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Sellers' Time on Market Doubles From Spring as Buyers Wait for Prices and/or Rates to Come Down

Shares of real estate services companies rallied Thursday, after data showing that existing-home sales fell again in September, but managed to beat expectations. Zillow Group Inc.'s stock Z, +2.65% ZG, +2.74% surged 1.9% in morning trading, reversing an earlier decline of as much as 0.8%, while Redfin Corp. shares RDFN, +5.30% jumped 4.6% after being down 0.3% at its intraday low.

Redfin, Zillow stocks jumps after existing-home sales data tops expectations

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending home sales plunged 58% year over year in the Cape Coral, FL metro area during the four weeks ending Oct. 16 in the aftermath of Hurricane Ian, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Pending Home Sales Plummet Over 50% in Three Florida Metros Hit by Hurricane Ian

Lovesac Company

Upstart Holdings

These phenomenal companies possess the innovation and competitive edges necessary to deliver triple-digit returns for shareholders next year.

4 Remarkable Stocks That Could Double Your Money in 2023

Shares of Redfin Corp. sank to their lowest level on record Wednesday, after the residential real-estate brokerage reported a sharp drop in September home sales and listings that suggests a housing-market “standstill” in which prices budged only slightly even as higher mortgage rates crimp demand.

Redfin details a housing market ‘standstill,' and its stock sinks to all-time low

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home sales and listings in September both slumped the most on record with the exception of the early months of the pandemic as rapidly rising mortgage rates prompted both buyers and sellers to stay put, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Home Sales, Listings Plunge Over 20% in September—Most on Record Aside From Pandemic Start

The housing disruptor faces a tough environment, but it could have tremendous potential if it can make it through.

Could Redfin Be a 100x Stock for Patient Investors?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — As home prices fall fastest in cities and mortgage rates rise, the value of a square foot in the suburbs has caught up with that of urban centers.

Redfin Reports Square Footage Is Now Worth More in the Suburbs Than Cities

Rising mortgage rates are bad news for the real estate stock.

Why Redfin Stock Was Slipping Today

Investors are getting increasingly worried about the U.S. housing market.

Why Redfin Sank as Much as 18.1% This Week

Revenue was up in the second quarter of 2022 as the company continues to make inroads into traditional real estate models.

RedFin Stock: Is This Real Estate Stock A Long-Term Winner?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the tech-powered real estate company, today announced it has launched in Wilmington, North Carolina and Green Bay, Wisconsin.

Redfin Expands Brokerage to Wilmington, North Carolina and Green Bay, Wisconsin

Clover Health Investments

Carvana

Peloton

Teladoc

Zoom Video

This vicious bear market has spared very few firms in 2022. The S&P 500 has slipped more than 23% so far and it increasingly feels that things are getting worse.

7 Stocks Only Suckers Will Own In This Bear Market

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The housing market is taking a second hit this month as increasing economic volatility and persistent inflation pile on top of mortgage rates that just reached a 20-year high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Economic Woes Exacerbate Slowdown as Rates Reach 20-Year High

Real estate services company Redfin Corp. RDFN, -0.64% said Thursday that the median U.S. asking rent rose 8.8% from a year ago to $2,002, but that was the slowest year-over-year (YOY) increase since August 2021. That also marked the fourth straight month that YOY growth decelerated, with rents now growing at the half the pace of six months ago.

Rental market is 'coming back down to earth' as September rents rise at slowest pace in 13 months, Redfin says

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The median U.S. asking rent rose 9% year over year in September to $2,002, the slowest growth since August 2021 and the first single-digit increase in a year.

Redfin Reports Rents Are Growing Half as Fast as They Were Six Months Ago

Exact Sciences

Investment bank analysts think these stocks will shoot through the roof once the rest of the market sees them in the same light.

3 Growth Stocks That Could Double Your Money, According to Wall Street

Direxion Daily Real Estate Bear 3x Shares

ProShares Short Real Estate

ProShares UltraShort Real Estate

Source: Shutterstock In 2007, Michael Burry — the then-head of Scion Capital — did something unthinkable: he shorted the real estate market. As the housing market inevitably collapsed, Burry and a handful of other savvy investors earned billions on what is still considered a do-or-die investment.

News for Redfin Stock (RDFN)