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

Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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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--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Just one-third (33%) of Black millennials own their home, compared to two-thirds (65%) of white millennials, according to a new analysis from Redfin (redfin.com), the technology-powered real estate brokerage. That's the largest gap of any generation, but Black Americans are much less likely to own their home than white Americans at every age. White adult Gen Zers are nearly twice as likely as Black adult Gen Zers to own their home, with respective homeo.

Redfin Analysis: Black Millennials Are Half As Likely to Own a Home As White Millennials

Redfin has one of America's largest real estate brokerages. The housing market is struggling right now due to the rapid rise in interest rates since mid-2022.

1 Superb Stock to Buy Hand Over Fist in 2024, Despite Its 92% Plunge

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —New listings of U.S. homes for sale rose 13% year over year during the four weeks ending February 25, the biggest increase in nearly three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Total inventory is also improving: Active listings are flat from a year ago, marking the first time in nine months the total number of homes for sale hasn't declined. That's welcome news for homebuyers, who have b.

Redfin Report: New Listings Post Biggest Uptick In Nearly 3 Years, But Buyers Show Restraint as Rates Rise

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's based on an analysis of the Redfin Estimate for more than 90 million U.S. residential properties as of December 2023. In percentage terms, the total value of U.S. homes increased 5.3% from a year earlier in December, the biggest increase in 1.

Redfin Reports the U.S. Housing Market Gained $2 Trillion in Value Over the Last Year

Redfin Corporation (RDFN) Q4 2023 Earnings Call Transcript

The headline numbers for Redfin (RDFN) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Redfin (RDFN) Q4 Earnings: A Look at Key Metrics

Redfin (RDFN) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to loss of $0.83 per share a year ago.

Redfin (RDFN) Reports Q4 Loss, Misses Revenue Estimates

Redfin shares were down more than 2% in after-hours trading after the company reported its fourth quarter earnings.

Redfin trims losses in Q4 as it navigates ‘dreadful' housing market

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Fourth quarter revenue was $218.1 million, a decrease of 2% compared to the fourth quarter of 2022. Gross profit was $73.2 million, an increase of 32% year-over-year. Real estate services gross profit was $29.9 million, an increase of 14% year-over-year, and real estate services gross margin was 22.5%, compared to 18.0% in the four.

Redfin Reports Fourth Quarter and Full Year 2023 Financial Results

Get a deeper insight into the potential performance of Redfin (RDFN) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Exploring Analyst Estimates for Redfin (RDFN) Q4 Earnings, Beyond Revenue and EPS

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Prices of condos in major Florida metros are dropping year over year, and sales are declining, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. New condo listings are soaring as sellers try to offload their properties. That differs from the U.S. as a whole, where condo prices are rising, sales are holding steady and new listings are increasing at a much slower rate. In the Jacksonville metro, for instanc.

Redfin Reports Florida's Condo Prices Are Falling As Cost of Insurance and HOA Fees Skyrocket

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —New listings rose 10% year over year during the four weeks ending February 18, the biggest increase in two months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Sellers are hoping to take advantage of high prices: Sale prices are up 6% year over year, the biggest increase since October 2022. But many buyers are still sitting on the sidelines. Mortgage-purchase applications dropped 10% from a week earli.

Redfin Report: More Homes Hit the Market as Spring Approaches, But 7% Mortgage Rates Keep Buyers on the Sidelines

SoFi Technologies

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2 No-Brainer Stocks to Buy Right Now for Less Than $20

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —U.S. home prices climbed 0.5% from a month earlier in January, matching the 0.5% gain seen in both December and November, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, prices rose 6.7%—the largest increase in a year. This is according to the January Redfin Home Price Index (RHPI), covering the three months ending Jan. 31, 2024. Read the full RHPI methodology here. “Price grow.

Redfin Home Price Index: Price Growth Holds Steady at Start of the Year

Arbor Realty Trust

Mullen Automotive

Rewind a few weeks ago and the general consensus was much more optimistic regarding potential rate Cuts in March. then the Federal Reserve all but shut down that notion after unanimously voting to leave rates on changed at their early February meeting.

3 Stocks to Sell for Shifting Interest Rate Expectations

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings dropped 1.2% month over month on a seasonally adjusted basis, the first decline since June, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They were up 2.7% from a year earlier, but that marks a deceleration from December's 4.2% gain. Active listings (the total number of homes for sale) fell 0.3% from a month earlier on a seasonally adjusted basis—the first decline in six months—and were d.

Housing Market Activity Lost Steam in January as Mortgage Rates Stopped Falling and Prices Kept Rising

A growing number of older Americans are choosing to age in place rather than downsize their homes, which is contributing to a nationwide housing shortage.

Blame the baby boomers for the housing shortage, Redfin says

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The median U.S. home-sale price rose 6.1% year over year during the four weeks ending February 11, the biggest increase since October 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Mortgage rates are rising, too, exacerbating high prices to drive costs up: Daily average rates are sitting above 7%, up from 6.6% at the beginning of the month. High costs are one factor keeping would-be homebuy.

Redfin Reports Home Prices and Mortgage Rates Rise, Pushing Would-Be Buyers to the Sidelines

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. homeowner has spent 11.9 years in their home, up from 6.5 years two decades ago. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Homeowner tenure peaked at 13.4 years in 2020, just when the pandemic set off a moving frenzy, and has declined since then. Baby boomers are aging in place, driving homeowner tenure up Older Americans staying in their homes is the driving force behind l.

Homeowners Today Stay in Their Homes Twice As Long As They Did in 2005, Driven Largely By Older Americans Aging in Place

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors bought 26.1% of low-priced U.S. homes that sold in the fourth quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the highest share on record and is up from 24% a year earlier. By comparison, investors purchased 13.6% of mid-priced homes that sold (vs 14.3% a year earlier) and 15.9% of high-priced homes that sold (vs 15.4% a year earlier). Investors are drawn to afforda.

Investors Bought 26% of the Country's Most Affordable Homes in the Fourth Quarter—the Highest Share on Record

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (redfin.com), the technology-powered real estate brokerage, is now publishing Air Factor data provided by First Street for nearly every U.S. property listed on Redfin.com and the Redfin iOS app. Redfin is the only brokerage to provide air quality risk data at the property level. “Redfin wants to ensure that every single person searching for a home has the information they need to understand climate risks,” said Redfin Senior Vice President of Pr.

Redfin Publishes Air Factor Data From First Street to Show Risk of Poor Air Quality

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Places facing high risk from poor air quality are losing residents faster than they used to, while places with low risk are gaining residents faster than they used to, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In 2021-2022, 1.2 million more people moved out of than into U.S. metros facing high risk from poor air quality, more than double the net outflow of the prior two years. Meanwhile, low risk.

Redfin Reports People Are Moving Out of Areas With Poor Air Quality, Often Because They're Too Expensive

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 1.1% year over year to $1,964 in January, the largest annual increase since March 2023, and was unchanged from a month earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. While rents ticked up from a year earlier, the bigger picture is that rent growth is leveling off after surging during the pandemic and then rapidly slowing from mid-2022 to mid-2023. Year-over-year.

Redfin Reports U.S. Asking Rents Flatten After Pandemic Rollercoaster Ride

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Pending sales are down 8%, the biggest decline in four months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Daily average mortgage rates posted their biggest one-day increase in over a year on February 2. The jump came after a hotter-than-expected January jobs report and the Fed's confirmation that they're unlikely to cut interest rates in the next two months, which means mortgage rates will probably.

Redfin Reports Pending Sales Post Biggest Decline in 4 Months, Dampened By Rising Mortgage Rates

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly one-third (32%) of real estate agents have at least one client who moved primarily because of local laws or politics in the last year, according to a survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage. The survey of 500 real estate agents from a wide spectrum of brokerages in the U.S. was conducted by Qualrics in December 2023. The survey asked: “Have any of your customers over the past 12 months decided to.

News for Redfin Stock (RDFN)