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.

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.

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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

Robinhood

Opendoor

Peloton

Roku

Stitch Fix

Toast

Wish

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

M/I Homes

MGIC Investment

NMI Hlds

PulteGroup

Zillow

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.

Here's Why Redfin Stock Plunged on Friday

SEATTLE--(BUSINESS WIRE)--Redfin reports home sales posted strong monthly gains despite rising mortgage rates and record-low supply

Newly Listed Homes in Short Supply, Down 12% in January

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Average monthly asking rents in the U.S. increased 15.2% year over year to $1,891 in January, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This was the largest annual jump since at least February 2020. Meanwhile, the national median monthly mortgage payment for homebuyers climbed 25% year over year to $1,595, also the biggest increase in Redfin's records. “Moving right now is expensive, whether you'r

Redfin Reports Asking Rents Rose a Record 15% in January

Doma Holdings

In a tough market, cutting-edge companies are taking a big share of the pain.

These 2 Real Estate Fintech Disruptor Stocks Are Getting Demolished Friday

Redfin (RDFN) stock is slipping on Friday following the release of the real estate company's earnings report for the fourth quarter of 2021. The post Redfin Stock News: Why Is RDFN Down Big Today?

Redfin Stock News: Why Is RDFN Down Big Today? 9 Things for Investors to Know.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Homes sold faster than ever during the four weeks ending February 13, as a record 57% of homes that went under contract did so within two weeks of being listed, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. People buying homes now are paying more than ever before, too—a median $1,997 per month—as asking prices soared 16% year over year to a new high, and mortgage rates shot up to their highest level si

Redfin Reports Homebuyers Face the Fastest, Priciest Market on Record

The Redfin Corp (NASDAQ: RDFN) stock is trending today. This is why.

Redfin (RDFN) Stock: Why Its Trending Today

Redfin Corporation (RDFN) CEO Glenn Kelman on Q4 2021 Results - Earnings Call Transcript

Redfin Corp. shares plunged more than 10% in after-hours trading Thursday, after executives predicted losses in the first quarter of 2022 would exceed full-year losses in 2021 as the company maintains an iBuying business that a rival dropped.

Redfin stock tanks after forecast shows losses expanding as iBuying business grows

Redfin on Thursday reported fourth quarter revenue of $643.

Redfin tops expectations for Q4 with revenue of $643M but stock sinks 13%

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Fourth quarter revenue was $643.1 million, an increase of 163% compared to the fourth quarter of 2020. Gross profit was $108.0 million, an increase of 35% year-over-year. Real estate services gross profit was $75.2 million, a decrease of 7% year-over-year, and real estate services gross margin was 33%, compared to 41% in the fourth

News for Redfin Stock (RDFN)