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

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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, June 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The nation's top iBuying companies purchased 4,383 homes in the first quarter of 2021, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. While that's down 6.1% from a year earlier, it's up 20.6% from the prior quarter—a sign that iBuyers are continuing to ramp up after pausing business at the beginning of the pandemic.

Redfin Report: iBuyer Home Purchases Inch Back Toward Pre-Pandemic Levels

Redfin is an online brokerage that is trying to redefine how consumers buy and sell their houses.

Why I Am Looking To Buy More Redfin

SEATTLE, June 23, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — So far this year, 580 homes in the Seattle metro area have sold for $300,000 or more above their asking prices, according to a new report  from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. That compares with 16 homes during the same period in 2020.

More Than 4,500 Seattle-Area Homes Have Sold For At Least $100,000 Above Asking Price in 2021, Versus 400 During the Same Period Last Year

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New data from the National Association of Realtors shows that sales of existing homes fell 0.9% in May to a seasonally adjusted annualized rate of 5.8 million units. This marks the fourth month in a row of declines in existing home sales as sellers are in short supply.

Key Indicators Show the Housing Market Is Cooling Off

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SEATTLE, June 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- Fierce competition continues to drive home prices up, but home tours, offers and pending sales have slowed, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. New listings, a key lever for home sales growth, have held up better than pending sales and are inching up increasingly close to 2019 levels.

Redfin Reports Homebuying Demand Lets Up a Bit as Prices Soar

PORTLAND, Ore., June 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- RedfinNow announced its launch today in the Portland, Oregon metro area.

RedfinNow Brings Cash Home Offers to Portland, OR

SEATTLE, June 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 31.4% of Redfin.com users looked to move to a different metro area in April and May, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This is roughly the same share Redfin saw in the first quarter and up from 27% from a year earlier.

Redfin Reports More Than 31% of Homebuyers Are Looking to Move to Another Metro

SEATTLE, June 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price hit a record high of $377,200 in May, up a record 26% year over year, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. The housing market also set new records for home-selling speeds and competition, but seasonally adjusted home sales and new listings flattened from April.

Over Half of Homes Sold Above List Price in May for the First Time On Record

SEATTLE, June 16, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — In May, 70.4% of home offers written by Redfin agents faced competition, down from a revised rate of 73.6% in April, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. That's still up significantly from 52.7% in May 2020, which was impacted by pandemic stay-at-home orders.

Housing-Market Competition Has Eased Slightly, But 7 in 10 Buyers Still Face Bidding Wars

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"For the past couple of weeks, housing has been hot instead of blazing hot," Redfin CEO Glenn Kelman told CNBC on Friday.

Redfin CEO says the housing market has cooled off slightly — and that's a positive

SEATTLE, June 11, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The breakneck pace of the housing market is beginning to slow heading into June, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. Leading indicators of activity are now mostly cooling off instead of continuing to heat up.

Redfin Reports Pending Sales Continue to Slow--Still Up 29% from 2020

SEATTLE, June 10, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The number of buyers who locked in mortgage rates to purchase a second home nationwide rose 48% year over year in May, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. Though that's a significant increase, it's the first time in a year the annual growth rate has fallen below 80%.

Redfin Reports Demand For Second Homes is Cooling to Pre-Pandemic Levels

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Carvana And Redfin Corp Rated Among Today's Top Shorts

SEATTLE, June 7, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: Nasdaq 44th Investor Conference Tuesday, June 15, 2021, at 11:00 a.m. EST A link to the live webcast, as well as the replay, will be available at http://investors.redfin.com.

Redfin to Present at the Nasdaq 44th Investor Conference

Real estate sales have been strong, but Wall Street's worries that a correction is coming overpowered the company's solid quarterly update.

Why Redfin Stock Slumped 16.6% in May

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SEATTLE, June 4, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The housing market's temperature may be starting to drop by a degree or two, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. Both pending sales and asking prices began to decline or flatten in the four weeks ending May 30.

Redfin Reports Early Indicators of Relief From A Red-Hot Market May Be On The Way

SEATTLE, June 4, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Seventy-two homes in the Austin metro have sold for $300,000 or more above asking price so far this year, according to a new report  from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. That's compared with just two homes during the same time period in 2020.

1,500 Austin Homes Have Sold For More Than $100,000 Above Asking Price This Year-- The Same Time Last Year It Was 22

SEATTLE, June 3, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —  Redfin ( www.redfin.com ), the technology-powered real estate brokerage, announced the amount it has saved its brokerage customers has now exceeded $1 billion. Since 2006, Redfin has been saving customers money by charging sellers a low listing fee and giving homebuyers a commission refund when they purchase with a Redfin agent.

News for Redfin Stock (RDFN)