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.

CoStar Group

The National Association of Realtors settled a lawsuit that could dramatically change the way homes are sold.

Potential Winners and Losers From the National Association of Realtors Settlement

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Half of U.S. homeowners and renters (49.9%) sometimes, regularly or greatly struggle to afford their housing payments, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Many report making sacrifices to cover their housing costs. The most common sacrifice was taking no or fewer vacations. More than one-third of homeowners and renters (34.5%) who struggle to afford housing indicated that they skipped vacati.

Redfin Survey: Half of U.S. Homeowners and Renters Struggle to Afford Their Housing Payments

Paragon 28

OTTAWA, Ontario--(BUSINESS WIRE)--NeuroStreet acquires TickBlaze to elevate trading tech, promising transformative solutions in the industry.

NeuroStreet To Transform Trading Technology With Tickblaze Acquisition

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —New listings of U.S. homes for sale rose 8.4% from a year earlier during the four weeks ending March 31, the smallest increase in about seven weeks, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. What sellers are doing: Year-over-year growth in new listings slowed because some sellers took a break over Easter, which fell over a week earlier in 2024 than in 2023. The slowdown is likely an Easter blip, bu.

Redfin Reports Listings and Sales Stumble as Sellers and Buyers Take Easter Break

T. Rowe Price Group

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Finance Names

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than three-quarters (78%) of older American homeowners plan to stay in their current home as they age, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin asked baby boomers in a recent survey what they anticipate their living situation to be as they grow older, and staying in their current home is by far the most common aging plan for older homeowners. The next most common plan is moving to a 5.

Redfin Survey: More Than Three-Quarters of Baby Boomers Plan to Stay In Their Home As They Grow Older

Redfin's business might have already hit rock bottom, and management is forecasting revenue to increase in the 2024 first quarter. The stock jumped last week after the company reported a new surge in home listings.

Is Redfin Stock a Buy?

The U.S. Federal Reserve will likely cut interest rates in 2024, taking some pressure off households. Interest rate cuts might lead to a resurgence in some stocks that have been overlooked lately because of their sensitivity to consumer spending.

Got $70? 2 No-Brainer Stocks to Buy Now and Hold for the Long-Term

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median down payment for U.S. homebuyers was $55,640 in February, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up 24.1% from $44,850 a year earlier—the largest annual increase in percentage terms since April 2022. The typical homebuyer's down payment last month was equal to 15% of the purchase price, up from 10% a year earlier. This is based on a Redfin analysis of county records across 40.

The Typical Homebuyer's Down Payment Is $56,000, Up 24% From a Year Ago

Redfin issued a report showing that new listings were rising at their fastest pace in three years. RH also offered strong guidance for 2024, another sign that the housing market is on the rebound.

Why Redfin Stock Was Climbing Today

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The typical U.S. monthly housing payment hit an all-time high of $2,721 during the four weeks ending March 24, up 10% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments are at a record high because of the one-two punch of elevated mortgage rates and rising home prices. Mortgage rates remain elevated near 7%, and the median home-sale price is up 5% year over year to roug.

Rising Supply Draws in Some Buyers, Even as Housing Payments Soar 10% to All-Time High

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers must earn $75,849 annually to afford the typical U.S. starter home as of February, up 8.2% ($5,767) from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The monthly housing payment for the typical U.S. starter home was $1,896 in February, also up 8.2% from a year earlier. The income necessary to buy starter homes is increasing from a year ago due to rising prices and mortgage.

First-Time Buyers Must Make $76,000 to Afford the Typical U.S. Starter Home–Up 8% From a Year Ago

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. household earns $29,448 less than it needs to afford the median-priced home, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. While that's a sign of a major housing affordability crisis, it marks an improvement from October, when the typical household earned a record $40,810 less than it needed as mortgage rates hit the highest level in 23 years. That's based on a Redfin analysis of the.

Redfin Reports The Typical Household Earns Roughly $30,000 Less Than Needed to Afford the Median-Priced Home

Redfin Chief Executive Glenn Kelman argued that the housing supply crisis can be addressed as states focus on deregulation, which would help boost inventory.

Redfin CEO: How to fix America's housing shortage

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The total number of U.S. homes for sale climbed 5% during the four weeks ending March 17, the biggest year-over-year uptick since May 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. New listings rose 15%, the biggest increase since June 2021. The surge in listings is bringing some buyers back to the market. Mortgage-purchase applications and Redfin's Homebuyer Demand Index—a measure of requests for.

Redfin Reports Supply Climbs 5%, Biggest Increase in Nearly a Year

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin announced today it is expanding the Redfin Next agent compensation plan to seven additional markets: Chicago, Connecticut, Dallas, Miami, New York, Palm Beach, and Washington, D.C. Under the Redfin Next plan, agents in these markets earn competitive splits as high as 70%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States. Redf.

Redfin Expands Redfin Next Agent Pay Plan to Additional Markets, Offering Big Splits with Zero Expenses

Sellers may be poised to benefit from the recent National Association of Realtors' settlement because it could let them keep a greater portion of their home equity.

Sellers could benefit from NAR settlement, Redfin CEO says

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home price growth is finally back to where it was before the pandemic, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This follows a three-year rollercoaster ride in which prices soared when ultra-low mortgage rates fueled a homebuying frenzy and cooled when rates jumped due to the Federal Reserve's effort to quell inflation. U.S. home prices climbed 0.6% from a month earlier in February, on par with t.

Redfin Home Price Index: Prices Rose 0.6% in February, Marking Return to Pre-Pandemic Norm

Compass

RE/MAX Hld

Zillow

The National Association of Realtors has reached a $418 million settlement to change the automatic commission to the buyer's agent. Home sellers can still choose to sell their homes themselves or negotiate fees with brokers.

Real Estate Stocks Just Got Decimated: What I'm Buying For The Rebound

Stocks of a number of real-estate companies such as Zillow (Z), Redfin (RDFN), and Compass (COMP) fell Friday after the National Association of Realtors (NAR) announced a $418 million settlement that could have significant impacts on the U.S. residential real-estate industry.

Zillow, Redfin Among Real-Estate Stocks Falling After NAR Settlement

The National Association of Realtors announced a $418 million settlement to end antitrust lawsuits. The NAR agreed to a new set of rules, which will reset long-held standards on commissions.

Real estate stocks plunge as NAR agrees to landmark settlement that rewrites rules on commissions

Douglas Elliman

Anywhere Real Estate Inc

The powerful National Association of Realtors has agreed to eliminate rules on commissions to settle lawsuits and to pay $418 million in damages, the New York Times reported Friday. The group later confirmed the report in a statement.

Realtor group agrees to cut commissions to settle lawsuits, in a move that could reshape home sales

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings jumped 3.8% month over month on a seasonally adjusted basis in February to the highest level since September 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They were up 14.8% year over year, the largest annual gain since May 2021. Active listings, or the total supply of homes for sale, hit the highest level in a year. They climbed 0.8% from a month earlier on a seasonally adjusted ba.

Redfin Reports New Listings Rose to the Highest Level in 17 Months in February

Crown Castle International

EPR Properties

The United States housing market is heading into its busiest season, with several real estate stocks poised to gain from falling mortgage rates. With investors anticipating the Fed to cut rates later this year, the sector could pick up activity.

Mortgage Rate Meltdown: 3 Real Estate Stocks Poised to Prosper

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. monthly housing payment was $2,686 during the four weeks ending March 10, just $30 shy of last October's all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's due to a combination of still-high mortgage rates and rising prices. While mortgage rates came down slightly this past week after increasing for four straight weeks, they're still near 7%, and sale prices are up 5% y.

News for Redfin Stock (RDFN)