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, May 21, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The number of newly built homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The...

Newly Built Homes Make Up Largest Share of Market Since at Least 2012

SEATTLE, May 20, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — 41.1% of Redfin offers nationwide faced competition in the four weeks ending on May 10, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. In a handful of metros, the bidding war rate...

41% of Redfin Offers Faced Bidding Wars in Late April, Early May Amid Coronavirus Pandemic

SEATTLE, May 18, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The effects of the coronavirus pandemic and subsequent shutdowns hit the housing market in full force in April—according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage—with sales and...

April Homebuyer Demand Outpaced Home Supply Mid-Pandemic

SEATTLE, May 15, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — The sudden shift to remote work, brought on by the coronavirus shutdowns will likely accelerate a major migration away from expensive coastal cities. According to a new survey of homebuyers and sellers featured in Redfin's latest...

Remote Work Policies Likely To Propel Post-Pandemic Migration From Expensive Cities

SEATTLE, May 14, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Pageviews of homes in small towns surged 105% year over year during the seven-day period ending May 1, an acceleration from the 85% gain that occurred during the week ending April 1, according to a new report from Redfin...

House Hunters' Hunger for Small Towns Continues to Soar, Even as Interest in Big Cities Begins to Recover

A more digital experience, lower fees, and a flight from cities may be the new norm.

Redfin Reports Rebounding Home Sales, but Buying Activity Is Rapidly Changing Due to COVID-19

One of Redfin’s co-founders is suing the high-tech real estate brokerage for patent infringement and intellectual property theft, alleging that the violations handicapped his new startup.

Redfin co-founder sues company for alleged patent infringement over 3D home tour technology

The rush to crowd into cities to be closer to tech jobs could be a thing of the past in the wake of the COVID-19 pandemic as more people embrace remote work and flee close quarters.

Boise or Bozeman bound? Redfin CEO predicts big shift to smaller cities as remote work takes hold

Redfin Corporation (RDFN) CEO Glenn Kelman on Q1 2020 Results - Earnings Call Transcript

The real estate services provider is growing at a rapid clip.

Why Redfin Stock Rallied on Friday

Redfin is leaning on technology as it adapts amid the global pandemic.

Redfin posts $191M in Q1 revenue; CEO says tech will help real estate giant navigate COVID-19 crisis

Redfin (RDFN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Redfin (RDFN) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Zillow

Top realtors' group hopes for a recovery in the fall.

Pending Home Sales Tumble More Than 20% in March as Coronavirus Shuts Down Industry

Pinterest

Yext

Don't let current economic uncertainty keep you away from these companies with long-term potential.

3 Technology Stocks I'd Buy Right Now

Seattle real estate giant Redfin on Friday appointed David Lissy to be its new board chairman.

Redfin Chairman Robert Myold replaced by David Lissy; Mylod remains on board

Should you buy or sell a home during the pandemic? Here’s what Redfin’s CEO advises

Homebuying demand is down about 20% during the economic downturn, but there's a shift to more rural areas, Redfin CEO Glenn Kelman said on "Closing Bell."

Demand for rural homes shows 'profound, psychological change' due to coronavirus, Redfin CEO says

Redfin will cut 7% of its staff and furlough hundreds of agents due to decreased housing demand amid the COVID-19 crisis.

Redfin lays off 7% of staff, furloughs hundreds of agents due to COVID-19 impact on housing demand

The two real estate disruptors moved sharply higher to start the week.

Here's Why Zillow and Redfin Stocks Were Soaring on Monday

Investors need to pay close attention to Redfin (RDFN) stock based on the movements in the options market lately.

Do Options Traders Know Something About Redfin (RDFN) Stock We Don't?

Meritage Homes

The COVID-19 coronavirus pandemic is crushing the spring housing market.

Why Real Estate Stocks Plunged Today

An investment firm run by a longtime Redfin investor is buying a mix of the company's common and preferred shares.

Redfin Shares Slump as It Sells $110 Million in Stock

Redfin is getting some financial support as the Seattle real estate company navigates through the COVID-19 crisis.

Redfin sells $110M of stock to Durable Capital Partners amid COVID-19 crisis

Shares of Redfin Corp. RDFN, -4.16% slumped 5% in morning trading Monday, after the real estate brokerage services company announced a $110 million equity investment by Durable Capital Partners L.P.

Redfin's stock falls after equity investment by Durable Capital at a discount

Realogy Holdings

In a world of social distancing and self-quarantines, the softening of the real estate market is leaving iBuyers in a state of limbo.

News for Redfin Stock (RDFN)