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, 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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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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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

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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.

Redfin Reports For-Sale Home Supply Hits All-Time Low

SEATTLE, Nov. 29, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —Nationwide, 29.5% of Redfin.com users looked to move to a different metropolitan area in October, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. That's down from a peak of 31.5% at the beginning of the year, but still higher than the 26% levels seen before the coronavirus pandemic.

Share of Homebuyers Looking to Relocate Dips Slightly in October

SEATTLE, Nov. 24, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Home prices hit a new all-time high of $359,975 in the four-week period ending November 21, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This was up 14% year over year, the largest increase since early September.

Redfin Reports Home Prices Hit a New All-Time High

SEATTLE, Nov. 24, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — In October, 60.3% of home offers written by Redfin agents faced competition, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. While this is nearly the same rate Redfin reported in September (60.4%), it is still down from a pandemic peak of 74.5% in April.

Redfin Reports 60% of Offers Written by Redfin Agents Faced Bidding Wars in October

SEATTLE, Nov. 23, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Average monthly rents increased 13% nationwide over the past year, the highest growth rate in at least two years, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. The national median monthly mortgage payment for homebuyers posted even bigger growth, climbing 17% since October 2020.

Redfin Reports Rents Up 13%, Outpaced by 17% Growth in Monthly Mortgage Payments

SEATTLE, Nov. 22, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The median price of homes sold in October was $378,700, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This is up 13% from a year earlier, the lowest growth rate since December 2020.

Housing Market Cooled in October, But Relief For Homebuyers Was Short-Lived

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SEATTLE, Nov. 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin's Homebuyer Demand Index hit a new all-time high since at least 2017, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This is a tell-tale sign of strong ongoing housing demand during a time of year when the market typically slows.

Redfin Reports Homebuying Demand Reaches All-Time High

SEATTLE, Nov. 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The new year will bring more balance to the housing market, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. However, don't expect a buyer's market—just more selection, less frenzy and slower price growth.

Redfin Predicts a More Balanced Housing Market in 2022

SEATTLE, Nov. 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —Demand for second homes was up 70% from pre-pandemic levels in October, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This outpaced August's 48% gain but below January's record 91% growth.

Second-Home Demand Rose 70% From Pre-Pandemic Levels in October

The company is benefiting from its diversified real estate model.

News for Redfin Stock (RDFN)