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.

Paysafe

These stocks carry clear risks, but some analysts think the rewards will be worthwhile.

2 Growth Stocks Down Over 78% That Could Double, According to Wall Street

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The average monthly asking rent in the U.S. increased 15% year over year to a record high of $1,901 in February, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the largest annual jump since at least February 2020 (Redfin's rental data goes back through February 2019). Meanwhile, the national median monthly mortgage payment for homebuyers climbed 31% year over year to $1,716, also the biggest inc

Redfin Reports Asking Rents Increased 40% Year Over Year in Austin

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, 68.6% of home offers written by Redfin agents faced bidding wars on a seasonally adjusted basis in February, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. February's bidding war rate was the highest level in Redfin's records, which date back to April 2020. It is up slightly from a revised rate of 68% in January and 60.2% a year earlier. On an unadjusted basis, February's bidding-war rate w

Homebuyer Competition Ticked Up in February, Hitting Record High

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The U.S. median home sale price surged 7% during the four-week period ending March 13, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That is the largest month-over-month increase on record in Redfin's data, which goes back through 2017. With mortgage rates also soaring, the typical homebuyer's monthly payment reached a new high of $2,123. That's more than $530 more than the typical pre-pandemic homebuy

Redfin Reports Home Prices Post Biggest 4-Week Jump in At Least 5 Years

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Home prices climbed 16% year over year to a new all-time high of $389,500 in February as the number of homes for sale fell to another new low, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The lack of inventory is holding back home sales, which were down 4% from January. “An acute shortage of homes for sale continues to stymie buyers in the current market,” said Redfin chief economist Daryl Fairweather

Home Price Gains Accelerate, Hit a New Record High in February

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Demand for vacation homes dropped sharply in February, with mortgage-rate locks for second homes reaching their lowest level since May 2020, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Demand was still up 35% from pre-pandemic levels, but that's significantly lower than the 87% increase the month before. February also marked the first month since the start of the pandemic that growth in demand for p

Redfin Reports Demand for Vacation Homes Drops to Lowest Level in Nearly Two Years

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Prospective homebuyers who offered all cash were more than four times as likely to win a bidding war as those who didn't in 2021, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This makes all-cash offers by far the most effective strategy to win a home when there are multiple offers. Waiving the financing contingency and conducting a pre-inspection, both of which help a deal close faster, are also

Redfin Reports All-Cash Homebuyers Are Four Times More Likely to Win a Bidding War

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Today's homebuyer could purchase the typical Austin home for $485,000—but if it was possible to go back in time one year, they could buy a home and two Teslas for the same price, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Put another way, someone could purchase both a Tesla Model Y for about $41,000 and a Model S for $71,000 for less than the $116,000 increase in the median-priced Austin home o

Austin Home Prices Have Risen $116,000 in the Last Year, Roughly the Cost of Two Teslas

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Three out of five homes that went under contract during the four week period ending March 6 found a buyer within two weeks, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's an all-time high and comes at the same time as supply shrank to a new low. Recent home sellers also enjoyed the biggest price premiums ever seen this time of year, with the typical home selling for 1.1% above list price. Last ye

Redfin Reports Homes Are Selling Faster Than Ever as Buyers Rush to Grab Low Rates

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — This week marks the two-year anniversary of the coronavirus pandemic, which the World Health Organization officially declared a pandemic on March 11, 2020. The housing market has changed drastically since then—there are now half as many homes to choose from, and prices have surged 34%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Unless otherwise noted, the data in this report represents the four wee

Two Years Later: How the Pandemic Has Rocked the U.S. Housing Market

A record 6 million, or 8.2%, of U.S. homes were valued at $1 million or more in February, according to a report from real estate brokerage Redfin Corp. RDFN, +4.65% , a near doubling from the 3.5 million homes worth at least $1 million in pre-pandemic February 2019. The surge in values comes as the number of homes for sale during the four weeks ended Feb. 27 tumbled 50% from two years ago to a record low of 456,000, which helped lift the median U.S. home-sale price 33% to a record $363,975.

The number of million-dollar homes rises to a record, as the number of homes for sale tumbles--Redfin

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, a record 8.2% of U.S. homes (6 million) were valued at $1 million or more in February, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's up from 4.8% (3.5 million) two years earlier, just before the coronavirus was declared a pandemic. The Bay Area led the way, with nearly nine out of 10 properties in both San Francisco and San Jose falling into the $1 million-plus category. Meanwhi

Redfin Reports a Record 8% of U.S. Homes Are Worth at Least $1 Million

GoPro

Lemonade

Cheap doesn't always equal good value, but in this case, it just might.

3 Growth Stocks Under $30 With Major Upside, Says Wall Street

Real estate investing is already risky enough on its own.

4 Questions to Ask Before You Waive a Home Inspection

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, 5,897 homes sold for at least $100,000 over asking price at the beginning of this year, up from 2,241 during the same period last year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is according to a Redfin analysis of sale prices versus list prices in the 50 most populous U.S. metros from Jan. 1, 2022 through Feb. 15, 2022, compared with the same period last year. Homebuyers are payi

Redfin Reports Nearly 6,000 U.S. Homes Have Sold For $100,000+ Above Asking Price This Year

Affirm

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Wix.com

Since many high-growth tech stocks peaked late last year, investors have hit the exits, sending one-time darlings into a tailspin.

Some tech stocks are down 75% from their highs last year — here are some of the biggest losers

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Home prices spiked to an all-time high of $363,975 as the market continued to heat up during the four-week period ending February 27, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median home-sale price was up 16% year over year, the biggest annual gain since August. The typical home sold for 0.8% above list price, the largest premium since October. Intense competition among buyers driven by an ext

Redfin Reports Home Prices Surge to Record High as Competition Heats Up

SEATTLE--(BUSINESS WIRE)--The typical American homeowner in 2021 spent 13.2 years in their home, down from 13.5 years in 2020 but up significantly from 10.1 years in 2012.

Redfin Reports the Typical U.S. Home Changes Hands Every 13.2 Years

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: 2022 Wedbush Real Estate Technology Conference Wednesday, March 2, 2022 at 3:05 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 people find a place to live with br

Redfin to Present at 2022 Wedbush Real Estate Technology Conference

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The number of newly listed homes for sale during the four weeks ending February 20 was down just 2% year over year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the smallest decline since mid-November. More new listings were met with hearty demand. Pending sales rose 1%, the first increase since mid-January. The market again set new record highs for home sale prices, asking prices, buyers' mort

Redfin Reports New Listings Gain Steam, Met by Hearty Demand

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Seventy percent of home offers written by Redfin agents faced bidding wars in January on a seasonally adjusted basis, up from 67.7% in December and 61% in January 2021. That's the highest share since at least April 2020, when Redfin began recording this data. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The housing market was more competitive than ever in January as mortgage interest rates jum

Redfin Reports January Was the Most Competitive Month on Record for Homebuyers

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A record 32.4% of Redfin.com users nationwide looked to move to a different metro area in January, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's up from the previous peak of 31.5% in the first quarter of 2021 and significantly higher than before the pandemic, when about one-quarter of homebuyers were looking to relocate. The share of homebuyers looking to move has grown during the pandemic

Nearly 1 in 3 Homebuyers Is Looking to Relocate, an All-Time High

The tech sector is spilling plenty of red ink right now, but Wall Street analysts see big gains ahead for these two stocks.

Tech Sell-Off: 2 Beaten-Down Growth Stocks With 234% to 284% Upside, Says Wall Street

Hovnanian Enterprises

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The homebuilder and mortgage insurance stocks today sell at P/E ratios that are fractions of the S&P 500. Realtors retain high P/E ratios even after significant sell-offs. I review the assumptions investors are implicitly making about the housing market and argue that they are largely driven by emotion, not facts.

Housing Industry Valuations. They Range From Insanely Cheap To Insanely Expensive

Mounting losses have investors concerned.

News for Redfin Stock (RDFN)