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) — 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

Opendoor

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.

2 Growth Stocks Taking a Hit From the Dwindling Real Estate Market

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —More homebuyers are returning to the market, motivated by a decline in mortgage rates and a record share of listings with price drops, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin's Homebuyer Demand Index—a measure of requests for home tours and other home-buying services from Redfin agents—rose 7 points during the last week of July, and mortgage purchase applications rose for the first time in

Redfin Reports Early Stage Demand Picks Up as Mortgage Rates Fall to a Four-Month Low

Redfin Corporation (NASDAQ:RDFN ) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET Company Participants Meg Nunnally - Head of Investor Relations Glenn Kelman - Chief Executive Officer Chris Nielsen - Chief Financial Officer Conference Call Participants Brian Mecke - Selman & Associates Operator Good day, and welcome to the Redfin Corporation Q2 2022 Earnings Conference Call. Today's conference is being recorded.

Redfin Corporation (RDFN) CEO Glenn Kelman on Q2 2022 Results - Earnings Call Transcript

Redfin (RDFN) delivered earnings and revenue surprises of -21.67% and 0.08%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Redfin (RDFN) Reports Q2 Loss, Misses Revenue Estimates

Seattle-based online real estate giant Redfin missed expectations for the second quarter amid a slowing housing market impacted by rising mortgage rates.

Redfin misses revenue expectations, citing housing market slowdown

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its second quarter ended June 30, 2022. Second Quarter 2022 Second quarter revenue was $606.9 million, an increase of 29% compared to the second quarter of 2021. Gross profit was $118.0 million, a decrease of 6% year-over-year. Real estate services gross profit was $74.1 million, a decrease of 16% year-over-year, and real estate services gross margin was 29%, compared to 35% in the second quarter of 2021. Ne

Redfin Reports Second Quarter 2022 Financial Results

Bed Bath & Beyond

Carvana

D.R. Horton

MarineMax

Riot Blockchain

Bombardier Inc.

As soaring inflation continues to impose a dark cloud over American families, the Federal Reserve seemingly had little choice but to lift the benchmark federal funds rate, which effectively raises borrowing costs. However, this action also sucks the incentivization out of growth-oriented businesses, meaning that some companies will invariably represent stocks to sell.

7 Stocks to Sell After the Fed Rate Hike in July

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical Boise homebuyer earned $98,000 in 2021, up 24.1% from 2019, according to an analysis of mortgage data by Redfin (www.redfin.com), the technology-powered real estate brokerage. Boise experienced the biggest homebuyer income increase of the 100 most populous U.S. metros, an uptick caused mostly by remote workers moving in from pricey coastal job centers during the pandemic and intensifying competition. Boise is followed by several other pande

The Typical Income of a Boise Homebuyer Rose 24% During the Pandemic

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers have paid a premium for high-fire-risk and high-flood-risk homes during the pandemic, according to research from Redfin (redfin.com), the technology-powered real estate brokerage. This comes as more people have moved into than out of climate-risky areas in recent years, in part because they can often get more bang for their buck and gain better access to nature. The 50 counties with the largest percentage of homes facing high fire and flood

More Homebuyers Have Flocked to Climate Risky Areas, Despite Intensifying Natural Disasters

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Executive Officer Glenn Kelman will present at the following virtual event: Oppenheimer 25th Annual Technology, Internet & Communications Conference Wednesday, August 10, 2022, at 2:05 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 peo

Redfin to Present at Oppenheimer 25th Annual Technology, Internet & Communications Conference

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN)—A half-point drop in mortgage rates is drawing some homebuyers back to the market, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin's Homebuyer Demand Index—a measure of requests for home tours and other home-buying services from Redfin agents—has increased 15 points since the week of June 19, reversing a 10-week trend of decreasing demand that began in mid-April. Searches of homes for sale on Googl

Redfin Reports an Uptick in Searches and Tours Highlight Buyers' Mortgage-Rate Sensitivity

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The average out-of-towner moving to Philadelphia in the first half of 2022 had $588,000 to spend on a home, 39% higher than the $422,000 average budget for local buyers, according to a new analysis from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's the biggest gap among the cities included in the analysis, which is based on the average maximum list-price filters for homes set by Redfin.com users in their saved searches.

Newcomers to Philadelphia Have Nearly 40% More to Spend on Homes Than Locals

This clever housing hack could earn you thousands.

This Is One of the Very Best Real Estate Investments You Can Make and It's Not Even Close

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into a recession. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage, which also found that relatively affordable northern metros are most resilient in the event of a recession. The U.S. housing marke

Pandemic Homebuying Hotspots With Steep Price Increases Most Susceptible to Housing Downturn in a Recession

KB Home

Don't miss his take on the most common mistakes people make when listing their homes.

David Greene of the BiggerPockets Real Estate Podcast Talks About Housing Trends

Desktop Metal

Hanesbrands

The RealReal

SoFi Technologies

These companies have enormous upside paired with significant downside protection -- the ideal combination for a market rollercoaster ride. The post 5 Stocks Under $10 From Tom Yeung's Profit & Protection appeared first on InvestorPlace.

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