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

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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

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SG&A

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Minority interest

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Book value per share

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Purchase/sale of investments

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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.

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

85% of Homeowners with Mortgages Have a Rate Far Below Today's Level, a Factor Prompting Many to Stay Put

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Seasonally-adjusted new listings of homes for sale fell 8% from July to August to their lowest level since May 2020, when the housing market was paralyzed by the onset of the COVID-19 pandemic, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prior to the pandemic, we hadn't seen so few homes hit the market since November 2012. Mortgage rates climbed from 5% at the beginning of August to 6% by the end of

Prospective Home Sellers and Buyers Retreated in August as Mortgage Rates Approached 6%

D.R. Horton

Rising interest rates are cooling off the U.S. housing market. The average interest rate on a 30-year mortgage, the most popular U.S. home loan, has risen to 6% for the first time since the 2008 financial crisis.

3 Housing Stocks to Sell Now

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one-third (31.4%) of U.S. home purchases were paid for with all cash in July, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's near the eight-year high reached in February and up from 27.5% a year earlier. The share of all-cash purchases jumped in early 2021 during the pandemic-driven homebuying frenzy and has remained elevated since then. All-cash purchases are prevalent with today's a

Redfin Reports Nearly One-Third of U.S. Homes Are Bought With Cash, Well Above Pre-Pandemic Levels

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The housing market is becoming more balanced, but at a great cost to both buyers, who are footing the bill of high monthly mortgage payments, and sellers, whose stronghold on the market has slipped away as mortgage rates doubled this year. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. There were 2.9 months of home supply during the four weeks ending September 11, up from 1 month from a year ago

Redfin Reports Sellers Lose the Upper Hand as Mortgage Rates Top 6%

The housing market is looking up for both buyers and sellers, real estate experts said. Homes are selling for lower prices, but high mortgage rates are still impacting affordability.

Redfin predicts sharpest turn in housing market since 2008 crash

Dillard's

KB Home

Luminar Technologies

Opendoor

Signet Jewelers

There comes a point when investors need to recognize the realities of the equities sector, which is the central theme undergirding the stocks to sell in a bear market below. It's not about hating on particular companies.

7 Stocks to Sell in a Bear Market

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers who have access to flood-risk information when browsing home listings online are more likely to view and make offers on homes with lower flood risk than those who don't have access, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's according to a three-month randomized controlled trial involving 17.5 million Redfin.com users, half of which had access to property-level flood-risk scores (

Homebuyers With Access to Flood-Risk Data Bid on Lower-Risk Homes

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — America is increasingly building homes in places endangered by natural disasters, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. More than half (55%) of homes built so far this decade face fire risk, while 45% face drought risk. By comparison, just 14% of homes built from 1900 to 1959 face fire risk and 37% face drought risk. New homes are also more likely than older homes to face heat and flood risk,

America Is Increasingly Building Homes in Disaster-Prone Areas

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —A surge in mortgage rates over the holiday weekend sapped much of the remaining energy out of the housing market, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home-touring activity took a nosedive, and the share of sellers dropping their price remained near a record high. As a result of decreasing demand, fewer homes sold above list price than any time since February 2021, and average sale-to-list pri

Redfin Reports Mortgage Rate Spike Further Cools Homebuying and Selling

SEATTLE--(BUSINESS WIRE)--First bullet point of the release issued September 1, 2022, should read: For the week ending September 1 (instead of For the week ending August 25), and the headline of release should read: Typical Home Now Sells For Less Than Asking Price (instead of Redfin Reports More Sellers Retreat Amid Falling Prices, Volatile Mortgage Rates). The updated release reads: TYPICAL HOME NOW SELLS FOR LESS THAN ASKING PRICE The average sale-to-list ratio fell below 100% for the first

News for Redfin Stock (RDFN)