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

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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

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

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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.

UiPath

These former stock market darlings can be purchased for a fraction of their former values.

3 Beaten-Down Growth Stocks -- Can They Recover?

There are early signs of a cooldown in some of the hottest corners of the U.S. housing market, Redfin said in a report on Friday, a fresh indication that high house prices and rising mortgage rates are cutting into homebuyer demand.

Early signs of cooling housing market seen in some U.S. cities, Redfin says

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —A fast-growing share of home-sellers are dropping their prices, another sign that the early 2022 housing frenzy is starting to ease as mortgage rates approach 5%. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Twelve percent of homes for sale had a price drop during the four weeks ending April 3, up from 9% a year earlier and the highest share since early December. The rate of sellers dropping th

Redfin Reports The Share of Sellers Dropping Their Asking Price Is Climbing Past Last Year's Rate

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one-third (32%) of renters nationwide rent because they can't afford to buy a home where they want to live, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Meanwhile, 30% of renters are unable to save for a down payment, and 45% say debt is keeping them from buying a home. The report is based on a Redfin-commissioned survey of 1,500 U.S. residents who currently rent the home they live in and/or a

Affordability is the Number-One Factor Keeping Renters From Becoming Homeowners: Redfin Survey

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — On April 1 Redfin (www.redfin.com) completed its previously announced acquisition of Bay Equity Home Loans (www.bayequityhomeloans.com) for $137.8 million in cash. The union of Redfin's national brokerage with Bay Equity's full service mortgage lending operation accelerates Redfin's strategy to become a one-stop shop for consumers to buy, sell, rent, and finance a home. “As homebuyers struggle with affordability and bidding wars, it's more important th

Redfin Completes Acquisition of Bay Equity Home Loans for $137.8 Million

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Mortgage rates are shooting up at the fastest pace in history, sending the typical monthly mortgage payment for a homebuyer up more than $500 since the beginning of this year. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. As rates quickly approach 5%, we expect their impact on homebuyer demand to change from a motivator—driving a sense of urgency to buy before rates rise further—to a deterrent—c

Redfin Reports Surging Mortgage Rates and Home Prices Sideline More Buyers

Zillow

Goldman Sachs analyst Michael Ng initiates coverage on shares of Zillow and Redfin with Neutral ratings.

Zillow and Redfin Could Gain Market Share. They First Have to Navigate the Current Macro Environment.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate brokerage, today announced Brad Singer has joined its board of directors. Mr. Singer brings decades of business, finance and investment experience as a former partner and chief operating officer of ValueAct Capital. Prior to ValueAct Capital, Mr. Singer was the senior executive vice president and chief financial officer at Discovery Communications and chief financial officer & treasurer at

Redfin Appoints Brad Singer to Board of Directors

Camden Property

Essex Property Trust

PulteGroup

Toll Brothers

Jones Lang LaSalle

While the booming economy supports property investments in theory, the granularity suggests thinking about real estate stocks to avoid. The post 7 Real Estate Stocks to Avoid as Fears of Unsustainability Rise appeared first on InvestorPlace.

7 Real Estate Stocks to Avoid as Fears of Unsustainability Rise

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. condo sold for a record $319,000 in February, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began. Condos are in demand partly because they're a comparatively affordable option amid skyrocketing home prices and rising mortgage rates. Single-family home prices hit a record $406,000 in Feb

Redfin Reports Condo Prices Jump to Record High as Buyers Seek Relative Affordability

Etsy

Both still have massive market opportunities ahead.

2 Stocks Down 50% or More With 10x Return Potential

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Housing prices jumped the most since summer 2021—up 17% year over year to a new high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. At the same time, a 7% drop in new listings kept homebuyer competition elevated amid rapidly rising mortgage rates. Nearly 3 in 5 homes were snapped up within two weeks, an all-time high, and half sold for over the asking price. “With so much uncertainty in the world and

Redfin Reports Housing Prices Reached a New High as Few Americans Put Homes Up for Sale

Redfin is now offering rental search on its platform, adding to its listings of for-sale homes.

Redfin launches rental search, building off $608M acquisition of RentPath

SEATTLE & ATLANTA--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com) today launched nationwide rental search, letting consumers search for both rental and for-sale home listings on Redfin for the first time. Built on the same map-based search technology used by tens of millions to find homes for sale, the addition of rentals makes Redfin a destination for everyone in the U.S. looking for a place to live. Redfin's rental search is powered by rental listings from RentPath, a leading marke

Redfin Launches Rental Search

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Nearly one-third (32.3%) of Redfin.com users looked to relocate in January and February, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 31.5% in the first quarter of 2021 and up significantly from 26% in 2019, before the pandemic began. Homebuyers are relocating at a record rate largely because remote work is allowing many Americans the freedom to live in relatively affordable areas, with

A Record Share of U.S. Homebuyers Are Looking to Relocate as Prices Skyrocket

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

News for Redfin Stock (RDFN)