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.

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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

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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.

The housing market is a notable target of the Fed, and Redfin isn't profitable yet.

Why Redfin Stock Was Getting Crushed Yet Again Today

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly two-thirds (62%) of U.S. residents who plan to buy or sell a home in the next year are hesitant to move to an area at risk of natural disasters, extreme temperatures and/or rising sea levels, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The share is even higher among younger generations, high-earners, Democrats and people living in the Northeast. Nearly three-quarters (71%) of Gen Z respondent

Nearly Two-Thirds of Homebuyers and Sellers Are Hesitant to Move Somewhere With Climate Risk: Redfin Survey

The company says out loud what many real estate players are worrying about these days.

Why Redfin Stock Couldn't Escape the Market's Thursday Tumble

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Early indicators of homebuying demand show an accelerated pullback last week as mortgage rates shot up to a 15-year high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home tours fell 7% and mortgage purchase applications declined 13%. Redfin's Homebuyer Demand Index, a measure of requests for home tours and other home-buying services, fell 6% last week to its lowest level since mid-June, when mortgage

Redfin Reports Lurching Mortgage Rates Spook Homebuyers

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. homebuyer who took out a mortgage in July made a $62,500 down payment, up 13.6% from a year earlier and almost twice the median $32,917 down payment in July 2019, before the pandemic. That's according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The combination of increased down payments and monthly mortgage payments near all-time highs made it more difficult for prospective buyers to affo

Redfin Reports Homebuyers' Down Payments Doubled During the Pandemic

SEATTLE--(BUSINESS WIRE)--Redfin (www.redfin.com), the technology-powered real estate brokerage, today added down payment assistance information to home listings on its website. Potential homebuyers can now use Redfin to discover down payment assistance programs they may qualify for in order to help make homeownership more affordable. The feature is powered by a partnership with Down Payment Resource, a company helping the housing industry connect homebuyers with more than 2,200 homebuyer assis

Redfin Launches Down Payment Assistance Feature to Help Make Homeownership More Attainable

Will the company be able to steal enough market share to offset housing headwinds?

Why Redfin Stock Fell 29% Last Month

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A San Diego homebuyer with a $3,000 monthly budget can afford a 931-square-foot home at today's 6.7% mortgage rates, down from the 1,366-square-foot home the same buyer could have purchased a year ago, when rates were sitting near record lows at 3%. That's according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage, which analyzed the median square footage of homes affordable on a $3,000 monthly housing budget b

Redfin Reports High Mortgage Rates Mean Smaller Homes For Many Buyers

Abercrombie & Fitch

KB Home

Lyft

NIKE

Opendoor

Tanger Factory Outlet Centers

Stocks to sell is a necessary discussion. Although it may feel good to remain loyal to an organization in the hopes of a substantial turnaround, it's time to let go of some of the weaker entities.

7 Stocks to Sell in October

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical homebuyer's monthly mortgage payment has climbed $337 (15%) over the past six weeks to a new high of $2,547, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The extreme volatility and recent surge in mortgage rates has caused many potential homebuyers to delay or cancel their plans to purchase a home altogether. Pending sales dropped to their lowest level since January, and the share of home

Redfin Reports Typical Homebuyer's Mortgage Payment Up 15% Since Mid-August

AGNC Investment

Annaly Capital

Real estate stocks and mortgage real estate investment trusts took a hit today.

Why Shares of Redfin, AGNC Investment Corp., and Annaly Capital Management Are Falling Today

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical house hunter who started searching in July and closed the deal on their new home in September saw their potential mortgage rate fluctuate by roughly half of a percentage point every four weeks, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the most volatile three-month period since 1987, when mortgage rates swung wildly after surging to a record high of nearly 19% earlier in the dec

Homebuyers Are Grappling With the Most Volatile Mortgage Rates in Over Three Decades

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Housing markets in relatively affordable Midwest and East Coast metro areas are holding up better than anywhere else in the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Lake County, IL—located about 45 miles north of Chicago—is holding up better than any other metro in this analysis. It's followed by Albany, NY and Chicago. Rounding out the top 10 are New Haven, CT; Milwaukee; New Brunswick,

Affordable Midwest and East Coast Markets Are Holding Up Best as the U.S. Housing Market Cools

Shares of Redfin Corp. RDFN, -3.80% slid 4.2% toward a record low and a record-tying losing streak, as another jump in Treasury yields spooked investors who have been concerned over a housing recession. The real estate services company's stock has plunged TK% amid an eight-day losing streak, which matches the previous record losing streak of eight sessions first seen in October 2017, and then again in October and December 2018.

Redfin stock sinks toward record low, record-tying losing streak as 10-year Treasury yield spikes to 12-year high

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, roughly 64,000 home-purchase agreements fell through in August, equal to 15.2% of homes that went under contract that month. That's up from 12.1% a year earlier and is comparable with July's revised rate of 15.5%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The percentage has now hovered around 15% for the past three months—the highest level on record with the exception of March and Apri

Sun Belt Homebuyers Are Backing Out of Purchases at a Higher Rate Than Anywhere Else in the U.S.

Rocket Companies, Inc.

United Wholesale Mortgage

These three real estate stocks are highly cyclical and have seen business slow down dramatically in 2022.

Mortgage Rates Are the Highest Since 2008: 3 Companies to Avoid

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, 44.6% of home offers written by Redfin agents faced competition in August, the lowest bidding-war rate since the beginning of the pandemic when the housing market nearly ground to a halt, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It's down from 63.5% a year earlier and a revised rate of 47.2% in July, and marks the seventh-straight monthly decline. The typical home in a bidding war rec

Bidding-War Rate Drops to Lowest Level Since April 2020 As Mortgage Rates Surge

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Home prices increased 1% in the last two weeks after 11 weeks of declines as mortgage rates soared past 6%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The Federal Reserve's aggressive interest rate hikes have successfully cooled off homebuying demand by dramatically reducing buyers' spending power, but new listings have also taken a huge hit. Typically, when mortgage rates shoot up, the expectation

Redfin Reports Rising Prices Amid Falling Demand and Supply Reflect a “New Weird”

Shares of Redfin Corp. [rdfn] tanked 6.5% toward a record-low close, as big jump in Treasury yields weighed on real estate services companies, by increasing concerns over rising mortgage rates and further weakness in the residential housing market. Redfin's stock has tumbled TK% amid a six-day losing streak, and was headed for the lowest close since it went public in July 2017.

Redfin stock sinks toward record low as surge in Treasury yields weighs on real estate services companies

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Sales of luxury U.S. homes fell 28.1% year over year during the three months ending Aug. 31, 2022, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's the biggest decline since at least 2012, eclipsing the 23.2% plunge that occurred when the onset of the coronavirus pandemic brought the housing market to a near standstill roughly two years ago. Sales of non luxury homes also fell the most on reco

Redfin Reports Luxury-Home Purchases Plummet 28%, the Biggest Drop on Record

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the tech-powered real estate brokerage, today announced it has launched in Hilton Head, South Carolina. Consumers in this popular vacation destination can now buy and sell homes with local Redfin agents and use Redfin's website and mobile app to search homes for sale, book on-demand home tours, and track their home's estimated value with the Redfin Estimate. “Buyers and sellers across South Carolina have enjoyed working with ou

Redfin Expands Brokerage to Hilton Head, South Carolina

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —U.S. asking rents climbed to a record high in August, but rent growth moderated for the third-straight month. The national median asking rent was up 11% year over year to $2,039, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the smallest annual increase in a year, down from a peak gain of 19% in March. On a month-over-month basis, the median asking rent climbed 0.4%, the slowest growth since Dec

Redfin Reports Asking Rents Climb 11% in August, the Smallest Gain in a Year

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Seattle's housing market is slowing faster than any other housing market in the country amid rising mortgage rates, inflation, a slowing stock market and broad economic uncertainty, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's according to a Redfin analysis that ranks the 100 most populous U.S. metropolitan areas based on how quickly they're cooling, according to the change in numerous housing

Redfin Reports Seattle's Housing Market Is Cooling Faster Than Any Other in the U.S.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A record 33.9% of Redfin.com users nationwide looked to move from one metro to another in July and August, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's up from 32.6% in the second quarter and about 26% before the pandemic. The U.S. housing market has slowed considerably from the height of the pandemic homebuying frenzy, and home sales are down 20% from a year ago. But the share of relocati

Redfin Reports A Record Share of Homebuyers Relocate, Driven By Moves Away From Expensive Coastal Areas

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today's level of 6%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. With rates now at the highest since the 2008 financial crisis, some of those homeowners are discouraged from moving because selling their home and buying another could mean giving up their low mortgage rate and taking on a larger mon

News for Redfin Stock (RDFN)