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

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Earnings data Q4 2021

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Earnings data Q4 2022

Earnings data Q1 2023

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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.

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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

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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, April 21, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Sales of luxury homes in the U.S. rose 41.6% year over year in the first quarter of 2021, far outpacing sales growth in every other segment of the housing market, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. By comparison, sales of affordable homes increased 7% and sales of mid-priced homes climbed 5.9%.

Luxury-Home Sales Rise 42% In First Quarter, Far Outpacing 7% Growth In Affordable-Home Sales

SEATTLE, April 20, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 31.5% of Redfin.com users looked to move to a different metro area in the first quarter, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. This is up from 30.3% in the fourth quarter of 2020 and 26% a year earlier, and the highest share since Redfin started tracking migration in 2017.

Big Budgets From Out-of-Town Homebuyers Are Edging Out Locals in Popular Destinations Like Phoenix & Las Vegas

SEATTLE, April 20, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The average home in a primarily Black neighborhood nationwide is worth $46,000 less than a comparable home in a primarily white neighborhood, according to research outlined in a new report  from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. Redfin analyzed value estimates for more than 7 million homes that were listed and sold from 2013 through February 2021, accounting for the fundamental factors that contribute to a home's value, such as size, condition, neighborhood amenities and schools.

Redfin Study: Homes in Black Neighborhoods Are Undervalued by an Average of $46,000

SEATTLE, April 16, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- The median home-sale price increased 17% year over year to $341,250—an all-time high—according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. Below are other key housing market takeaways for more than 400 U.S. metro areas during the 4-week period ending April 11.

Redfin Reports Home Prices Surge 17% Amid Historic Housing Shortage

SEATTLE, April 15, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price hit a record high of $353,000 in March, up 17% from 2020 and a record high rate of growth, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. The housing market set several other records in March, even considering the fact that year-over-year comparisons are now looking at the start of the pandemic: The number of homes for sale fell to a record low, with a record year-over-year drop of 29%.

Redfin Reports March Was the Hottest Month in Housing History

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TUCSON, April 14, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- RedfinNow has expanded to the Tucson metro area and reopened in Las Vegas after temporarily pausing operations there due to the pandemic. RedfinNow is the iBuying service from Redfin ( www.redfin.com ), the technology-powered real estate brokerage, which gives homeowners a convenient new way to sell.

RedfinNow Launches in Tucson; Reopens in Las Vegas

SEATTLE, April 14, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nearly two-thirds (64.0%) of home offers written by Redfin agents in March faced competition, according to a new report  from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. That's up from a revised rate of 62.1% in February and marks the 11th-consecutive month in which more than half of Redfin offers encountered bidding wars, as well as the second month in a row in which the bidding-war rate exceeded 60%.

Almost Two-Thirds of Home Offers Written By Redfin Agents Faced Bidding Wars in March

SEATTLE, April 14, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — One in five Americans (21%) believes the increasing frequency or intensity of natural disasters, extreme temperatures and/or rising sea levels are hurting home values in their area, according to a new survey featured in a report from Redfin ( redfin.com ), the technology-powered real estate brokerage. A comparable share—23%—expect one or more of these factors to hurt local housing values in the next five years, and 12% think values will be negatively impacted in the next five to 10 years.

Redfin Survey: 1 in 5 Americans Believes Climate Change Is Hurting Home Values In Their Area

SEATTLE, April 13, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Homes listed for sale midweek sell for an average of $1,700 more than homes listed on the weekend, according to a new report  from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. This is based on a Redfin analysis of how much homes sold above their list price from July 2020 through February 2021, both nationwide and by metro.

Want to Sell Your Home for More Money? List in the Middle of the Week.

Redfin (RDFN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Redfin (RDFN) Beat Estimates Again in Its Next Earnings Report?

SEATTLE, April 9, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The median home-sale price increased 17% year over year to $338,225—an all-time high—according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. However, year-over-year comparisons may more reflect the fact that this time last year, stay-at-home-orders halted both home-buying and selling activity.

Redfin Reports Homes Sell At Fastest Pace on Record

SEATTLE, April 8, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The number of buyers who locked in mortgage rates for second homes shot up a record 128% year over year in March, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. That marks the 10th straight month of 80%-plus annual growth.

Remote Work Continues to Drive Record Demand for Second Homes, Even as Some Americans Return to the Office

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Real estate home-selling site Redfin has completed its $608 million cash acquisition of rental site RentPath, the companies announced. "Combined with RentPath, Redfin can now be a destination for all North American consumers looking for a home," the companies stated in the announcement.

Redfin Completes RentPath Purchase

SEATTLE and ATLANTA, April 5, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — On April 2, Redfin ( www.redfin.com ) completed its previously announced acquisition of RentPath ( www.rentpath.com ) for $608 million in cash. Redfin is a tech-powered real estate brokerage that operates a real estate search site and provides a suite of services to make the process of buying and selling a home faster, better and less expensive.

Redfin Completes Acquisition of RentPath for $608 Million

SEATTLE, April 2, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The median home-sale price increased 17% year over year to $335,613—an all-time high—according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. However, year-over-year comparisons may more reflect the fact that this time last year, stay-at-home-orders halted both home-buying and selling activity.

Redfin Reports Homes Sell At Fastest Pace on Record--59% Under Contract within 2 Weeks

SEATTLE, March 31, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The post-pandemic housing market will offer some relief for homebuyers, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. The report was written by Redfin Chief Economist Daryl Fairweather.

Redfin Predicts Five Ways the Housing Market Will Change After the Pandemic

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Redfin Corp. said Friday that the median price for homes sold rose 16% from a year ago to a record $331,590 during the four-week period ending March 21. Although the average sales price was 5.3% below the average asking price of $349,973, a record 39% of homes sold were priced above their list price, up from 24% a year ago, the real estate brokerage company said.

Redfin sees record 39% of homes sold above asking price, as supply falls

SEATTLE, March 26, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The median home-sale price increased 16% year over year to $331,590—an all-time high—according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. However, year-over-year comparisons may more reflect the fact that this time last year, stay-at-home-orders halted both home-buying and selling activity.

Redfin Reports a Record 39% of Homes Sold Above List Price

SEATTLE, March 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 31.2% of Redfin.com users looked to move to a different metro in January and February, up from 26.1% during the same time period last year, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. This is the highest share since Redfin started tracking migration in 2017.

A Record 31% of Redfin.com Users Look to Relocate as Homebuyer Interest in Affordable Areas Intensifies

SEATTLE, March 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 60.9% of home offers written by Redfin agents faced bidding wars in February, up slightly from a revised rate of 59.3% in January. That's according to a new report  from Redfin ( redfin.com ), the technology-powered real estate brokerage, which also notes that this represents the 10th-straight month in which more than half of Redfin offers encountered competition.

Redfin Bidding-War Rate Surpasses 60% In February as Housing Shortage Fuels Fierce Competition

SEATTLE, March 24, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Many homebuyers are finding that they must tour more homes, cut bigger checks and waive more contingencies in order to win, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. Remote work and low mortgage rates have prompted scores of Americans to buy homes during the pandemic, and this has resulted in a severe housing shortage that's fueling record-high prices and cutthroat competition.

News for Redfin Stock (RDFN)