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

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Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Technology & Development

Marketing

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Year over year growth in Revenue and Operating Expenses.

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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.

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Cost of revenue

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Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

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Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

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Income tax payable

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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

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Purchase/sale of investments

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Change in stock

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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.

Redfin (RDFN) shares sank Friday after the online real estate business posted worse-than-expected results and lowered its guidance as it lost market share in the U.S.

Redfin Lost Market Share, Missed Estimates and Cut Its Outlook. Its Stock Is Falling

Evolent Health

Pinterest

Sweetgreen

U.S. stock futures were slightly lower this morning, with the Nasdaq futures falling around 0.2% on Friday.

Sweetgreen Posts Downbeat Results, Joins Evolent Health, Redfin, Pinterest And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Redfin Corporation (NASDAQ:RDFN ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Meg Nunnally - Head, IR Glenn Kelman - CEO Chris Nielsen - CFO Conference Call Participants Ygal Arounian - Citi Curtis Nagle - Bank of America John Campbell - Stephens Jay McCanless - Wedbush Operator Good day, ladies and gentlemen and welcome to the Redfin Corporation Quarter Three 2024 Earnings Conference Call. All lines have been placed on a listen-only mode and the floor will be open for questions and comments following the presentation.

Redfin Corporation (RDFN) Q3 2024 Earnings Call Transcript

The headline numbers for Redfin (RDFN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Redfin (RDFN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Redfin (RDFN) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.17 per share a year ago.

Redfin (RDFN) Reports Q3 Loss, Misses Revenue Estimates

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its third quarter ended September 30, 2024. Third Quarter 2024 Third quarter revenue was $278.0 million, an increase of 3% compared to the third quarter of 2023. Gross profit was $101.9 million, an increase of 4% year-over-year. Real estate services gross profit was $48.7 million, a decrease of 10% year-over-year, and real estate services gross margin was 28%, compared to 30% in the third quarter of 2023. Ne.

Redfin Reports Third Quarter 2024 Financial Results

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending U.S. home sales rose 4.3% year over year during the four weeks ending November 3, in line with the increases Redfin has seen over the last six weeks. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The fact that pending sales held up in the final run-up to Tuesday's presidential election is somewhat surprising, especially considering that this year's election season was highly uncertain a.

Redfin Reports Pending Home Sales Held Steady in Final Run-Up to Election Despite 7% Mortgage Rates

Get a deeper insight into the potential performance of Redfin (RDFN) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Seeking Clues to Redfin (RDFN) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The number of renter households rose 2.7%, in the third quarter year over year, to a record 45.6 million. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That rate of growth is three times faster than the 0.9% increase in homeowner households, which now total a record 86.9 million. The 2.7% increase—representing 1.18 million additional renter households—was the second fastest pace since 2015, onl.

Redfin Reports The Number of Renter Households Is Growing Three Times Faster Than Homeowner Households

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just under two in five (38%) U.S. residents who had already voted as of November 1 say housing affordability impacted their presidential pick. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The findings in this report are from a Redfin-commissioned survey conducted by Ipsos on Oct. 31-Nov. 1, 2024. The nationally representative survey was fielded to 1,002 U.S. adults. Kamala Harris voters were m.

Redfin Survey: 38% of People Who Already Voted Say Housing Affordability Impacted Their Presidential Pick

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Newly built homes made up 28% of single-family homes for sale nationwide in the third quarter, the lowest level in three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 30.5% a year earlier and a record-high 34.4% at the start of 2022. The share of houses for sale that are newly built has dropped from its peak for several reasons: More existing inventory has hit the market. The t.

Redfin Reports 28% of Houses For Sale Are Newly Built, the Lowest Share in 3 Years

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17, according to a new analysis from Redfin, the technology-powered real estate brokerage. The average buyer's agent commission for homes sold in October was 2.34%, ticking down just one basis point from 2.35% for homes sold in August, when the new changes took effect. That's down from an average of 2.45.

Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented, Redfin Reports

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Less than one-third (32.1%) of renter households pay under $1,000 in monthly rent—the lowest share on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 35.2% in 2022 and 50.4% in 2012. The lion's share (47.9%) of renter households pay between $1,000 and $1,999, while 14.4% pay $2,000-$2,999 and 5.7% pay $3,000 or more. Redfin's report is based on an analysis of U.S. Census Bureau.

Redfin Reports Roughly One-Third of Renters Have an Apartment That Costs Less Than $1,000 a Month—the Lowest Share on Record

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over two-thirds (68.7%) of millennial/Gen Z homeowners say they're better off financially than they were four years ago—hat compares with just over half (52.2%) of millennial/Gen Z renters, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage. There is a much larger discrepancy between how young homeowners and renters feel than there is between how older homeowners and renters feel. For example, Gen X ho.

Young Homeowners Are Much More Likely Than Young Renters to Say They're Financially Better Off Than 4 Years Ago

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A homebuyer on a $3,000 monthly budget has lost $33,250 in purchasing power over the last six weeks, with the daily average 30-year fixed mortgage rate rising to 7% on October 28, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is the first time mortgage rates have hit 7% since the start of summer; they're up nearly one percentage point from the 18-month low they dropped to in mid-September. A home.

Homebuyers Lose $33,000 in Purchasing Power in 6 Weeks As Mortgage Rates Hit 7%

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Florida is home to three of the five major U.S. metros where property tax bills have increased most since before the pandemic, exacerbating the difficulty of affording a home in the Sunshine State. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median monthly property tax bill has risen most over that period in Indianapolis, where the typical homebuyer pays 66.7% more today than they would h.

Property Taxes Have Surged Nearly 60% in Tampa and Jacksonville Since 2019, Exacerbating Florida's Housing Affordability Crisis

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release third-quarter 2024 results after the stock market closes on Thursday, November 7, 2024. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help p.

Redfin to Announce Third-Quarter 2024 Results on November 7, 2024

Since hitting a more than 52-week high of $15.29 on Sept.

Underperforming Redfin Stock Could Turn Things Around

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —More than four of every five U.S. residents (82%) believe there should be caps on the amount landlords are allowed to increase rent, according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage. The survey data in Redfin's report is from a commissioned survey conducted by Ipsos in September 2024. The survey was fielded to 1,802 renters and homebuyers aged 18-65, including 188 who live in California. Caps on.

Roughly 4 in 5 U.S. Residents Believe There Should be Caps On Rent Hikes

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one in five (18.7%) people have gotten in a disagreement with a neighbor over politics, with men more than twice as likely to get into a dispute than women, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. More than one in four men (27.1%) said they had been in a political disagreement with a neighbor, compared to 13.4% of women. This is according to a Redfin-commissioned survey conducted by Ipsos.

Nearly 1 in 5 People Have Gotten in a Disagreement With a Neighbor Over Politics: Redfin Survey

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices grew 0.5% from a month earlier in September on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the fastest pace since April and the third consecutive month where the growth rate has increased. On a year-over-year basis, home prices rose 6%, the lowest annual increase since December. This is according to the Redfin Home Price Index (RHPI), which uses t.

Redfin Reports U.S. Home Prices Grew 0.5% in September, the Fastest Pace Since April

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending home sales jumped 2.5% month over month in September on a seasonally adjusted basis, the largest increase since January 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They rose 3.1% year over year, the biggest annual increase since May 2021. Pending sales climbed last month for two reasons: Mortgage rates fell to the lowest level in two years, giving buyers more purchasing power. The Fede.

Pending Home Sales Jumped 2.5% in September, the Biggest Monthly Increase in Over a Year and a Half

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending U.S. home sales rose 3.2% year over year during the four weeks ending October 13, the biggest increase in three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home sales are rising. On a local level, pending sales are up in 34 of the 50 most populous U.S. metros, with the biggest increases in California and in Portland, OR. Sales have improved over the last month because mortgage rates f.

Redfin Reports Rising Mortgage Rates Haven't Yet Slowed Pending Sales

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate company, has expanded its rental listing tool nationwide. Homeowners, investors, property managers and agents anywhere in the U.S. can now list rental properties for free on Redfin, connect with interested renters searching on Redfin's family of sites, and manage the application and renter screening process all in one place. “Whether you're renting your home out for the first time or you're a.

Redfin Expands Free Rental Tools Nationwide

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one-third (31.6%) of U.S. renters say housing affordability is a top-three issue when it comes to which candidate they'll support in the upcoming presidential election, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin published three separate reports today about the intersection of housing and the upcoming presidential election, all based on a Redfin-commissioned survey conducted by Ipsos i.

News for Redfin Stock (RDFN)