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)--(NASDAQ: RDFN) — Almost half (47%) of house hunters say they would feel more urgency to buy a home if mortgage rates rose above 3.5%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A lower share (29%) would look for homes in different areas or consider smaller houses, while 14% would slow their search in hopes of rates coming down again. Meanwhile, 7% of respondents wouldn't change their plans at all. Just 2% said they

Nearly Half of House Hunters Would Feel More Urgency to Buy If Mortgage Rates Passed 3.5%: Redfin Survey

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The housing market started off the new year with fewer homes for sale than ever before as active listings fell 27% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The number of newly-listed homes for sale fell 10%, but anecdotes from Redfin agents suggest that listings may soon begin to pick up. “We're kicking off yet another year with a whole lot of buyers whose home search has bee

Redfin Reports Homebuyers Face Record Supply Shortage Heading into 2022

SEATTLE--(BUSINESS WIRE)--Redfin reports demand for vacation homes was up 77% from pre-pandemic levels in December.

Demand for Vacation Homes Up 77% From Pre-Pandemic in December

The value of the U.S. real estate market could top $40 trillion by the end of 2021, and that's a big opportunity for Redfin.

Home Prices Soar: 1 Growth Stock That Could Win Big

SEATTLE, Dec. 30, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price rose 14.6% year over year to a new all-time high of $361,171 during the four-week period ending December 26, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This comes as the number of homes for sale fell to a record low.

Redfin Reports Home Prices Rise to New Record High

SEATTLE, Dec. 29, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Seventy-three percent of homebuyers and sellers say inflation is influencing their future buying or selling plans, according to a new report  from Redfin ( redfin.com ), the technology-powered real estate brokerage. Responding to a recent Redfin-commissioned survey of Americans who are planning to buy or sell a home in the next 12 months, 29% of respondents said they're delaying homebuying plans due to inflation.

Redfin Survey: Three-Quarters of Homebuyers & Sellers Report Changing Plans Due to Inflation

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The U.S. housing market is showing no signs of slowing down, and these housing stocks could be big winners as the rally continues into 2022. The post 3 Housing Stocks to Buy to Bet on a Continued Boom appeared first on InvestorPlace.

3 Housing Stocks to Buy to Bet on a Continued Boom

The U.S. median home sale price reached a $360,500 record peak in the four-week period ending Dec. 19, according to data from the brokerage Redfin Corp (NASDAQ: RDFN). The new price marks a 15% year-over-year increase.

Median Home Prices Set New Record High: What Does 2022 Look Like?

SEATTLE, Dec. 22, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price rose 15% year over year to an all-time high of $360,500 during the four-week period ending December 19, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. Pending sales rose 0.1%, the smallest year-over-year increase since June 2020.

Redfin Reports Home Prices Rise to All-Time High

SEATTLE, Dec. 22, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — U.S. homeowners gained $9.1 trillion of housing value over the past year as housing prices continued to climb amid a severe shortage of homes for sale, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. The value of U.S. homes surged 31.4% year over year to a total of $38.3 trillion last month, far outpacing the 9.7% ($2.6 trillion) annual increase seen the prior November.

U.S. Homeowners Gained $9 Trillion Over the Past Year

SEATTLE, Dec. 21, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 30.3% of Redfin.com users looked to move to a different metro area in October and November, according to a new report  from Redfin ( redfin.com ), the technology-powered real estate brokerage. That's down from a record-high 31.5% in the first quarter of 2021 but well above pre-pandemic levels.

Miami is the Most Popular U.S. Migration Destination for the 4th Straight Month

SEATTLE, Dec. 20, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Average monthly rents increased 21% nationwide over the past year and 7% in a single month, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. These are the highest annual and monthly growth rates in at least two years—as far back as Redfin's rental data goes.

Redfin Reports Rents Jumped 7% in a Month, Up 21% From 2020

SEATTLE, Dec. 20, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- The seasonally-adjusted number of homes for sale fell 18% year over year in November to an all-time low, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This sent the median sale price up 15% to $383,100.

Redfin Reports New Low for Home Supply in November

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The disruptive brokerage firm is down big from the highs, but does it have a bright future?

Is Redfin Worth a Closer Look Right Now?

SEATTLE, Dec. 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —In November, 59.5% of home offers written by Redfin agents faced competition, the lowest level in 11 months, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. That's down from a revised rate of 61.8% in October and a pandemic peak of 74.6% in April, but up slightly from 57.3% in November 2020.

Redfin Reports Homebuyer Competition Drops to Lowest Level in Nearly a Year

SEATTLE, Dec. 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —In November, demand for second homes was up 83% from pre-pandemic levels, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This is an uptick from October's 72% increase but still slightly below January's record 91%.

Redfin Reports Vacation-Home Demand Rose 83% Above Pre-Pandemic Levels in November

SEATTLE , Dec. 16, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- Eight of Redfin's 10 hottest neighborhoods of 2022 are in Florida, and seven of those eight are in the Sarasota metropolitan area alone, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. Redfin analyzed and ranked U.S. zip codes by year-over-year growth in listing views on Redfin.com and Redfin Compete Score—a measure of how difficult it is to win a home based on factors including days on market, share of homes that sold above their listing prices and sale-to-list price ratio.

Florida Frenzy: America's Hottest Neighborhoods of 2022

SEATTLE, Dec. 15, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price rose 14% year over year to $359,750, just shy of its all-time high, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. At the same time, the number of homes for sale fell to an all-time low during the four-week period ending December 12.

Redfin Reports Home Prices Approach All-Time High

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Zoom Video

Select analysts and investment banks see these fast-paced stocks soaring next year.

4 Growth Stocks With 119% to 189% Upside in 2022, According to Wall Street

SEATTLE, Dec. 13, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- The coronavirus pandemic and the resulting surge in remote work have changed where, when, why and how people buy homes, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This past year, home-sale prices hit the highest median of all time, the number of homes for sale fell to an all-time low, and there was record demand for second homes.

Redfin Reports 10 Housing Records Set in 2021

SEATTLE, Dec. 8, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price rose to a record high, while the number of homes for sale fell to an all-time low, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. There are some signs that homebuying may be returning to a more typical seasonal trend as the share of homes sold in one week fell after Thanksgiving more than it has since early September.

Redfin Reports Home Prices Hit Record High as Supply Hits Record Low

The company exceeded revenue estimates with its latest earnings release, but Wall Street was not happy with the results.

Why Redfin Stock Dropped 20.7% in November

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SEATTLE, Dec. 1, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The number of homes for sale hit an all-time low during the week ending November 28, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. During that period, sustained demand pushed the median home price to another record high, and a third of homes sold in one week or less.

News for Redfin Stock (RDFN)