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 Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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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.

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, 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.

The Trials of a 2021 Homebuyer: More Money, More Competition and More Home Tours

SEATTLE, March 24, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The average home in the Austin metro sold for 7.1% above its asking price during the four weeks ending March 14, according to a new report  from Redfin ( redfin.com ), the technology-powered real estate brokerage. That's the biggest premium of the 47 metros included in Redfin's analysis of recent home sales, and it's up 8 percentage points from a year ago when the average Austin home sold for 0.9% below its asking price.

Austin Homes Selling 7% Above Asking Prices--The Biggest Premium in the U.S.

SEATTLE, March 23, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that it has priced $500.0 million aggregate principal amount of 0.50% convertible senior notes due 2027 (the "notes"). The notes are to be sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 (the "Act").

Redfin Prices Offering of $500.0 Million of 0.50% Convertible Senior Notes Due 2027

SEATTLE, March 22, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Homebuyers who offer all cash improve their chances of winning a bidding war by 290%, making it the most effective strategy to win a home in a competitive situation, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. The report is based on an analysis of data on thousands of offers written by Redfin agents on behalf of their homebuying clients from July 2020 to February 2021.

All-Cash Offers Quadruple a Homebuyer's Chances of Winning a Bidding War

SEATTLE, March 22, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that it proposes to offer $500 million aggregate principal amount of convertible senior notes due 2027 (the "notes"), subject to market conditions and other factors. The notes are to be sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 (the "Act").

Redfin to Offer $500.0 Million of Convertible Senior Notes Due 2027

WASHINGTON, March 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- RedfinNow has expanded to the Baltimore/Washington, D.C. region. 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 Washington, D.C. and Baltimore Metro Areas

SEATTLE, March 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 17% year over year to $330,250—an all-time high—according to a new report  from Redfin ( redfin.com ), the technology-powered real estate brokerage. This is the largest increase on record in this data set, which goes back through 2016.

Home Prices Post 17% Annual Gain, Largest in at Least 5 Years

SEATTLE, March 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin ( www.redfin.com ) announced today that president of real estate operations, Scott Nagel, intends to retire in April 2022. As part of the transition plan, Mr.

Scott Nagel, President of Real Estate Operations, Announces Retirement; Long-time Company Executive Adam Wiener Assumes Responsibilities

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SEATTLE, March 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The newly enacted child tax credit, which will put an average of $221 per month into the pockets of families earning $150,000 or less with children, would make housing go from unaffordable to affordable for roughly half a million American families. That's according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.

New Tax Credit Would Make Rent Affordable for Half a Million American Families With Children

SEATTLE, March 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price rose 14.4% year over year to $336,200 in February, the largest increase seen since July 2013, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. Closed home sales were up 5% from a year earlier and pending sales were up 21%.

36% of Homes Sold Above List Price in February, the Highest Share on Record

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SEATTLE, March 12, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- The median home-sale price increased 17% year over year to $328,350—an all-time high—according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This is the largest increase on record in this data set, which goes back through 2016.

News for Redfin Stock (RDFN)