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)--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

D.R. Horton

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

KB Home

Matterport

Opendoor

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.

About 63,000 home-purchase agreements were pulled in July, marking highest percentage on record: Redfin

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, roughly 63,000 home-purchase agreements fell through in July, equal to 16.1% of homes that went under contract that month, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the highest percentage on record with the exception of March and April 2020, when the onset of the coronavirus pandemic brought the housing market to a near standstill. It's up from a revised rate of 15% one month ea

Homebuyers Are Increasingly Backing Out of Deals as Slowing Market Boosts Negotiating Power

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Nationwide, 44.3% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in July, compared with a revised rate of 50.9% one month earlier and 63.8% one year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the sixth-straight monthly decline and the lowest share on record with the exception of April 2020, when the onset of the coronavirus brought the housin

Homebuyer Competition Falls to Lowest Level Since Early Months of Pandemic

Federal Home Loan Mortgage Corporation

Wells Fargo

Freddie Mac (OTCMKTS:FMCC) reported the 30-year fixed-rate mortgage averaged 5.22% as of Aug.

Housing Beat for Aug. 11: Mortgage Rates Above 5% Again, Home Prices Keep Rising

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —More homeowners are holding off on selling as the housing market cools, fueling the largest decline in home listings in more than two years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. New listings of homes for sale dropped 12% year over year during the four weeks ending August 7, the steepest decline since June 2020. Homeowners are staying put in part because homebuyer demand has slowed due to highe

Redfin Reports Newly-Listed Homes Fall Most Since 2020 as Sellers Pull Back

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The share of homebuyers looking to relocate jumped in July as high mortgage rates and home prices motivated Americans to move to more affordable areas, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A record 33.7% of Redfin.com users nationwide looked to move from one metro to another in July, up from 32.6% in the second quarter and about 26% before the pandemic. Migration within the U.S. intensified w

Redfin Reports the Share of Homebuyers Looking to Relocate Jumped to New Record in July

ORLANDO, Fla.--(BUSINESS WIRE)--(NASDAQ: RDFN) -- RedfinNow announced its launch today in Florida, giving homeowners a convenient new way to sell a home with Redfin (www.redfin.com), the technology-powered real estate company. Sellers in the Sunshine State can request a cash offer directly from Redfin to sell quickly and without worrying about preparing their home for market or negotiating with potential buyers. RedfinNow is currently active in the Orlando and Tampa metro areas and will launch

RedfinNow Expands to Florida

Real estate stocks rallied on signs inflation may be peaking.

Why Shares of Opendoor and Redfin Jumped Today

The growth of "stale" housing had investors worried about the company's prospects.

Why Redfin Stock Plunged Into the Red On Tuesday

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The share of U.S. homes that were listed for 30 days or longer without going under contract increased 12.5% in July from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In other words, 61.2% of for-sale homes were on the market for at least 30 days, up from 54.4% a year earlier. That's the first year-over-year increase in “stale” housing supply since the beginning of the pandemic and clos

Redfin Reports A Growing Share of Home Listings Are Stale As Market Cools

Offerpad Solutions

The question is whether this is a long-term buying opportunity.

News for Redfin Stock (RDFN)