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.

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.

Big net losses and a market fixated on a possible recession have been dragging the stock down for months.

Why Redfin Stock Rallied 21% Today

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: 17th Annual Needham Technology & Media Conference Wednesday, May 18, 2022 at 11:00 a.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

Redfin to Present at 17th Annual Needham Technology & Media Conference

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The typical home for sale found a buyer in 15 days, the fastest pace on record, during the four-week period ending May 8, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Pending sales fell 6%, the largest year-over-year decline since June 2020 when the initial pandemic shock to the housing market was just wearing off. Many of the buyers who haven't yet been priced out by skyrocketing housing costs have b

Redfin Reports a Shrinking Pool of Buyers Snatch Up Homes at Record Pace

Ariel Dos Santos, former vice president of product and technology at Peloton, has joined Seattle real estate giant Redfin as vice president of product.

Former Amazon, Peloton exec Ariel Dos Santos joins Redfin as vice president of product

Investors seem to like the company's soaring revenue. But the online real estate broker is still losing money.

Redfin Stock Jumps: Is This Beginning of a Bigger Rebound?

The real estate disruptor just reported some encouraging results.

Here's Why Redfin Is Soaring While Most Stocks Are Falling

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The share of home sellers who dropped their asking price shot up to a six-month-high of 15% for the four weeks ending May 1, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 9% a year earlier, and represents the largest annual gain on record in Redfin's weekly housing data back through 2015 For homebuyers, the typical monthly mortgage payment skyrocketed a record 42% to a new high during th

Redfin Reports More Sellers Dropping Their Prices, But Buyers Find Little Relief

Redfin Corporation (NASDAQ:RDFN ) Q1 2022 Earnings Conference Call May 5, 2022 4:30 PM ET Company Participants Meg Nunnally - Head of IR Glenn Kelman - CEO Chris Nielsen - CFO Conference Call Participants Mark Mahaney - Evercore ISI Ygal Arounian - Wedbush Robert Zeller - Truist Securities John Campbell - Stephens Inc. Tom Champion - Piper Sandler Operator Good day. And welcome to the Redfin Corporation First Quarter 2022 Earnings Call.

Redfin Corporation (RDFN) CEO Glenn Kelman on Q1 2022 Results - Earnings Call Transcript

Redfin posts $597M in revenue, tops expectations, stays optimistic in uncertain housing market

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its first quarter ended March 31, 2022. First Quarter 2022 First quarter revenue was $597.3 million, an increase of 123% compared to the first quarter of 2021. Gross profit was $72.5 million, an increase of 71% year-over-year. Real estate services gross profit was $23.7 million, a decrease of 41% year-over-year, and real estate services gross margin was 13%, compared to 24% in the first quarter of 2021. Net

Redfin Reports First Quarter 2022 Financial Results

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The relationship between migration and inflation has strengthened as more people relocate from expensive cities to more affordable areas, according to Redfin.

U.S. inflation hot spots happen to be pandemic-migration hot spots

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Some of the hottest migration destinations for homebuyers—Phoenix, Tampa and Atlanta—have the highest inflation rates in the U.S., according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In Phoenix, prices of goods and services rose 10.9% year over year in the first quarter on average, the highest inflation rate of the metros in this analysis. Phoenix was also the second-most popular destination for homebuyers

Redfin Reports Migration Hotspots in the Sun Belt Are Home to the Nation's Highest Inflation Rates

Wall Street was more cautious on real estate technology stocks on Monday, ahead of earnings reports later this week, as some analysts slashed price targets to reflect their concerns about housing affordability with interest rates rising.

Earnings Outlook: Real estate technology stock price targets slashed ahead of earnings as home affordability worsens

Seattle-based real estate company Redfin agreed to pay $4 million and implement a new internal monitoring system to settle a lawsuit that alleged its practices discriminated against communities of color.

Redfin will implement internal fair housing monitoring system in $4M legal settlement

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The market sell-off has made these previously pricey stocks potentially too attractive to pass up.

5 Growth Stocks Rocketing Up My Prospective Buy List

Sifting through the debris of the recent post-pandemic tech stock bust, Redfin ( RDFN , Financial) popped up to the surface of my screens. The stock price benefitted tremendously in the pandemic period due to the booming housing market, followed by a spectacular bust.

Redfin - A Nice Story Stock

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical homebuyer's monthly mortgage payment shot up 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. That's according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Redfin's data on homebuyer mortgage payments is based on asking-price data going back to 2015. “Rising mortgage rates are taking a bite out of pending sales as both buyers an

Redfin Reports Typical Buyer's Monthly Payment Up 39%—The Biggest Annual Gain on Record

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Rising interest rates could derail the red-hot real estate market, but there's a long-term opportunity in these two stocks.

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers in Tampa, FL need to earn $67,353 annually to afford the metro area's typical monthly mortgage payment of $1,684, up a staggering 47.8% ($21,791) from a year earlier, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's the biggest percent increase of any major U.S. metro. Homebuyers in nearly every part of the country have felt the impact of surging housing prices since the start of th

Redfin Reports Sun Belt Homebuyers Need 40% More Income Than a Year Ago to Afford the Typical Home

The brokerage industry could be about to face some serious challenges.

Why Redfin Stock Sank Today

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Markets dropped to start out Tuesday, with the Nasdaq leading the charge lower, down over 2%.

Chinese Lockdown Problems: Analysts Upgrades or Downgrade Redfin, Rio Tinto and More

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Almost 90% of FEMA policyholders in Texas, Florida and Mississippi are experiencing flood insurance price increases—a higher portion than any other state and above the national average of 81%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Nearly 3 million owners of single-family homes in the U.S. are seeing their flood-insurance premiums rise as a result of FEMA overhauling the way it measures risk, w

In Texas and Florida, Nearly 90% of Flood-Insurance Policyholders Set to See Premiums Rise Due to FEMA Overhaul

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Sixty-five percent of home offers written by Redfin agents faced competition on a seasonally adjusted basis in March, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That is down from a revised rate of 66.7% in February, marking the first month-over-month decline since September—a sign that demand is starting to cool as soaring mortgage rates and housing prices prompt some buyers to back out of the marke

News for Redfin Stock (RDFN)