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)--Investors bought 18.4% of the U.S. homes that were purchased in the fourth quarter, a record high, worth a total of nearly $50 billion.

Real Estate Investors Are Buying a Record Share of U.S. Homes

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If an economic slowdown and rising rate wreak havoc to residential real estate, these seven housing stocks could fall to fire sale prices. The post 7 Housing Stocks To Sell if You Think the Boom Is Going To Bust appeared first on InvestorPlace.

7 Housing Stocks To Sell if You Think the Boom Is Going To Bust

SEATTLE--(BUSINESS WIRE)--Out-of-Town Buyers Have Nearly 30% More to Spend on Homes Than Locals in Migration Hotspots Like Nashville, Atlanta and Miami.

Out-of-Town Buyers Have Nearly 30% More to Spend on Homes Than Locals in Migration Hotspots Like Nashville, Atlanta and Miami

Redfin (RDFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Redfin (RDFN) Q4 Earnings Expected to Decline

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The estimated monthly mortgage payment for a typical home for sale rose 25% year over year—or $388—to a record $1,931, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's based on the all-time high median asking price of $376,000 recorded during the four weeks ending February 6, and an average 30-year mortgage rate of 3.69%. Pending sales were down slightly from the same period in 2021, but 34% higher

Redfin Reports Homebuyers' Monthly Payments Up 25% to Record High

SEATTLE--(BUSINESS WIRE)--Demand for second homes hit its highest level in a year in January, with affluent Americans locking in mortgage rates before they increase further.

Vacation-Home Boom Continues Into 2022, With Demand Up Nearly 90% From Pre-Pandemic Levels

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — If mortgage interest rates were to rise to 3.9%, a homebuyer with a $2,000 monthly housing budget could afford a $382,250 home, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from the $396,000 home a buyer with the same budget can afford with a 3.5% rate—roughly where mortgage rates stand today. Redfin economists predict the 30-year fixed mortgage rate will climb to 3.9% by the end of this

Redfin Reports Homebuyers on a $2,000 Monthly Budget Stand to Lose $13,750 in Spending Power as Mortgage Rates Rise

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Phoenix was the most popular U.S. migration destination of 2021, followed by Dallas and Orlando, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Redfin estimates the Phoenix metro gained roughly 85,000 residents from other metro areas in 2021, far more than any other metro, while Dallas gained about 56,000 and Orlando gained about 53,000. The report ranks migration destinations by net inflow, a meas

Redfin Reports Home Prices Are Soaring in America's Most Popular Migration Destinations

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The recent sell-off has created a prime opportunity for investors to pounce on great companies.

5 Discounted Growth Stocks That Can Make You Wildly Rich by Retirement

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one-quarter (24%) of first-time homebuyers are using stimulus money for their down payment, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Stimulus money is the second-most common way of accumulating money for a down payment, after saving directly from paychecks. The report is based on a Redfin-commissioned survey of 1,500 U.S. residents planning to buy or sell a home in the next 12 months. The

1 in 4 First-Time Homebuyers Are Using Stimulus Money For Down Payment: Redfin Survey

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release fourth-quarter and full-year 2021 results after the stock market closes on Thursday, February 17, 2022. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate co

Redfin to Announce Fourth-Quarter and Full-Year 2021 Results on February 17, 2022

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Home-price growth, which has been in the double digits since summer 2020, is expected to slow to an annual rate of 7% by the end of 2022, according to a new forecast from Redfin (redfin.com), the technology-powered real estate brokerage. Home sales are expected to remain relatively flat throughout the year, similar to the small annual rate of change they have been posting since August due to the ongoing shortage of homes for sale. Redfin economists expe

Despite Record-Setting January Housing Market, Redfin Forecasts Slowing Price Growth, Flat Home Sales as Mortgage Rates Approach 4% This Year

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical commission rate paid to brokerages representing homebuyers has fallen to its lowest point in at least four years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin found the typical U.S. buyer's agent commission was 2.63% of the home-sale price during the three months ending Nov. 30, 2021—down from 2.69% a year earlier and the lowest rate in Redfin's records, which date back to 2017. In

Homebuyer's Agent Commission Rate Dips to 2.63%, the Lowest Since At Least 2017

DigitalOcean Holdings

Certain analysts see significant near-term upside for shareholders of these companies.

Want Triple-Digit Returns This Year? 2 Growth Stocks to Buy, According to Wall Street

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than one-third (34.1%) of U.S. single-family homes for sale in December were new construction, up from 25.4% a year earlier and the highest share on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Newly built homes have taken up an increasing portion of U.S. housing inventory over the last 10 years, with a major acceleration in mid-2020 after the pandemic began. Homebuilders have been busy

One-Third of Houses for Sale Are New Construction, an All-Time High

SEATTLE--(BUSINESS WIRE)--The most popular U.S. migration destinations tend to have high rates of inflation, according to a new report from Redfin.

Prices for Consumer Goods are Rising Quickest in America's Top Migration Destinations

Crashes and corrections are an opportune time to pounce on high-quality stocks at a discount.

Stock Market Correction: Buying These 4 Stocks Right Now Would Be a Genius Move

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Homebuyers are grappling with the hottest January on record, as 45% of homes now find a buyer within two weeks on the market, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Meanwhile, thirty-five percent of homes go under contract within a week. Both rates are the highest we've ever seen for this time of year. Despite the market's unprecedented intensity, pending home sales were down 1% during the four

Redfin Reports Hottest January on Record Despite 1st Pending-Sales Decline Since June 2020

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Sales of the most affordable homes in the U.S. rose 11.3% year over year in the fourth quarter of 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Meanwhile, sales of luxury homes dropped 16.3%. Sales of affordable homes are on the rise as the job market strengthens, especially for lower-wage workers, and real estate investors buy a record share of U.S. homes. At the same time, inventory in the mos

Sales, Supply Surge for the Most Affordable U.S. Homes as Mortgage Forbearance Ends

This technology company is taking on the real estate market, and analysts see significant upside.

1 Growth Stock With 122% Upside, According to Wall Street

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Here's Where To Invest as a Fix-and-Flipper in 2022

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, 31.2% of Redfin.com users looked to move to a different metro in the fourth quarter of 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That number is down from the record high of 31.5% set in the first quarter of last year, but is still up significantly from pre-pandemic levels, with 26.3% of Redfin.com users looking to relocate in the fourth quarter of 2019. Homebuyer interest in relo

Redfin Reports the Share of Homebuyers Looking to Relocate Is Near Pandemic Peak

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Crocs

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than three-quarters (77%) of homebuyers and sellers believe there's a housing price bubble in the area where they live, according to a survey in a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Meanwhile, 44% of real estate agents believe there's a housing bubble in the market where they work. The former is from a Redfin-commissioned survey of 1,500 U.S. residents who are planning to buy or sell a home in the ne

News for Redfin Stock (RDFN)