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.

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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

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Current liabilities

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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.

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

Rocket Companies, Inc.

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

CORRECTING and REPLACING Typical Home Now Sells For Less Than Asking Price

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: Evercore ISI 2nd Annual Technology Conference Thursday, September 8, 2022, at 1:30 p.m. ET A link to the live webcast, as well as the replay of this presentation, will be available at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokera

Redfin to Present at Evercore ISI 2nd Annual Technology Conference

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The average home sold for less than its list price for the first time in over 17 months during the four-week period ending August 28, as the housing market cooldown continued. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Every month since March of 2021 has seen an average sale-to-list ratio of over 100%, meaning that the average home has sold for more than its final asking price, after all pric

Redfin Reports More Sellers Retreat Amid Falling Prices, Volatile Mortgage Rates

Home Depot

Lowe's

Newmark Group

Realty Income Corp

Prologis

RE/MAX Hld

Simon Property Group

Toll Brothers

Why is a housing market recession expected? What sectors will be directly affected and what stocks should you keep an eye on for now?

What Stocks Are Directly Impacted By A Housing Market Recession?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — About three-quarters of U.S. metropolitan areas, where more than half of homes experienced intense drought in August, have seen more people move in than out in recent months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In 34 of the 129 metros (26%) Redfin analyzed, more than 50% of homes experienced intense drought in mid-August. Twenty-five of those 34 metros (74%) saw net inflows in the second qua

Redfin Reports More People Are Moving in Than Out Places Experiencing Intense Drought

RedFin's CEO noted demand plummeted because buyers were “absolutely freaked out."

Home sale cancellations rise in ‘remarkably uncertain time' for market: Redfin CEO

GoPro

These two companies are heavily beaten down for different reasons, but they could both deliver significant upside in the long run.

Got $1,000? 2 Small Growth Stocks With Big Potential to Buy Hand Over Fist

After a stellar two-year run, the housing market is sputtering as buyers pull back sharply. One real-estate chief said the market is indeed course-correcting, and it's getting hard to make a deal as more contracts falling through.

‘It's a remarkably uncertain time': Redfin CEO warns of rapidly cooling housing market — says deals under contract are being cancelled

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly 70% of homes for sale in Boise, ID had a price drop in July as they struggled to match their expectations with the reality of the cooling housing market, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. While Boise had the highest share of price drops of the 97 metros in Redfin's analysis, a high share of home sellers across the country cut prices in July. Next come Denver, where 58% of homes for

Redfin Reports 70% of Boise Home Sellers Dropped Their Asking Price in July

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home sales dropped 19.3% year over year in July to their lowest level since the beginning of the pandemic, when the housing market was at a near standstill, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the biggest annual decline in U.S. home sales in more than a year, a reflection of the continued cooling effects of 5.4%-plus mortgage rates and nationwide economic uncertainty. Home sales dippe

July Home Sales Dropped 19% Year Over Year to Lowest Level Since Mid-2020

Compass

Matterport

Zillow

While no guarantees of a housing market crash exist, investors may need to start considering sector-related stocks to sell. Primarily, it's no longer amateur doom-and-gloom luminaries broadcasting bearishness.

7 Stocks to Sell Before the 2022 Housing Market Crash

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The national median asking rent was up 14% year over year to $2,032 in July, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the smallest annual increase since November, and compares with a revised gain of 15% in June and 16% in May. On a month-over-month basis, the median asking rent climbed 0.6%, the slowest growth since February and down from a 2.1% increase a year earlier. “Big rent hikes may

Redfin Reports Growth in U.S. Asking Rents Slows for Second-Straight Month

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The housing-market slowdown is starting to slow down, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Fewer homeowners are listing their homes due to ebbing homebuyer demand. That's hampering the recent growth in housing supply that has been forcing sellers to slash their prices. The number of homes for sale during the four weeks ending August 14 fell slightly from the prior four-week period, the first d

Redfin Reports Slowdown Starts to Ease as Drop in New Listings Hampers Supply

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors purchased 87,500 U.S. homes in the second quarter, up 11% quarter over quarter and 5.9% year over year, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's down from the all-time high of 93,700 in the third quarter of 2021, the height of the pandemic-driven homebuying frenzy. Still, investors are buying far more homes than they were before the pandemic; they purchased roughl

Redfin Reports Investor Home Purchases Plateau But Remain Well Above Pre-Pandemic Levels

Redfin CEO Glenn Kelman discusses the role rate hikes have on the housing market amid high inflation and highlights the significance the housing sector has on the overall economy.

Interest rate volatility, inflation cripples housing market, but stability will help entire economy Redfin CEO

The slowing real estate market is leading more homebuyers to back out of deals, according to a new report from Redfin. Some 63,000 home-purchase agreements fell through in July, or about 16.1% of the homes that went under contract in the month, marking the highest percentage on record with the exception of March and April of 2020, when the coronavirus pandemic was disrupting the market.

News for Redfin Stock (RDFN)