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

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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 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.

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Cost of revenue

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SG&A

Operating income

EBITDA

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Earnings per share

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Non-current assets

Net PPE

Intangibles

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Current liabilities

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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

Purchase/sale of business

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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.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Just 15.5% of homes for sale in 2023 were affordable for the typical U.S. household—the lowest share on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 20.7% in 2022 and more than 40% before the pandemic homebuying boom. The number of affordable homes for sale also dropped to the lowest level on record. There were 352,500 affordable listings in 2023, down 40.9% from 596,135 in 20.

Redfin Reports Only 16% of Home Listings Were Affordable for the Typical Household in 2023

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —This week's falling mortgage rates, sizable year-over-year increases in both new listings and listing consults with Redfin agents, and surge in housing starts all suggest that 2023's frozen housing market is thawing. Sales are likely to climb after the typical holiday lull. That's all according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Monthly mortgage payments are dropping. Daily average mortgage rates drop.

Redfin Reports Declining Mortgage Rates Lure Sellers Off Sidelines, Paving the Way For 2024 Buyers

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The Redfin Home Price Index— which is similar to but more current than the Case-Shiller price index—showed that U.S. home-price growth slowed for the third straight month in November. This is according to a recent report from Redfin (redfin.com), the technology-powered real estate brokerage. Home prices were up 0.6% from October, the smallest monthly increase since June, and were up 6.4% from a year earlier. “It's a better time to be a homebuyer than i.

Redfin Home Price Index: November Marked Third Straight Month of Slowing Price Growth as Supply Crunch Eased

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings and pending home sales both climbed to the highest level in roughly a year in November as buyers and sellers got tired of waiting on the sidelines and mortgage rates ticked down. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home prices also jumped, posting the biggest year-over-year increase since late 2022. New listings rose 1.3% month over month to the highest level since Octobe.

Falling Mortgage Rates Breathe New Life Into Housing Market as Listings, Pending Sales and Price Growth Hit Highest Level in Roughly a Year

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Daily average mortgage rates have fallen to 6.82% and housing payments have dropped to their lowest level since April. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This marks the first time daily rates have dipped below 7% since July. Rates dropped after the Fed brought good news to homebuyers at its December 13 meeting, indicating they're on a path toward lowering interest rates more and soone.

Redfin Reports Mortgage Rates and Housing Payments Drop to Lowest Level Since Spring

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. asking rent declined 2.1% year over year in November to $1,967—the biggest annual drop since February 2020—according to a report from Redfin (redfin.com), the technology-powered real estate brokerage. This is a 0.6% decline in asking rents since October. The rental market has lost momentum over the last year and a half in large part because there are more apartments on the market—the result of a building boom in recent years. This jump.

The Tide Turns for Renters as Asking Rents Post Biggest Decline in Over 3 Years

American States Water

Tilray Brands

The Dow Jones Industrial Average hit a market low on March 20, 2020 as the pandemic gripped the country. Afterwards it went on an amazing bull run that, despite last year's bear market, still saw the venerable index gain 90%.

3 Small-Cap Stocks to Scoop Up Before the New Year

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com) today announced it is expanding its new agent compensation plan to San Diego and Orange County, California. Under the new plan, rebranded to Redfin Next, agents earn competitive splits as high as 75%, 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. Redfin initially announced the plan in San Francisco and Lo.

Redfin Extends New Agent Pay Plan in Southern California Offering Big Splits with Zero Expenses

This real estate disruptor has done a great job of turning things around.

This Stock Is Up 80% in 2023 -- but Could Have Another Great Year in 2024

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Today Redfin (redfin.com) launched Redfin Redesign, an AI-powered tool that lets consumers change the appearance of walls, floors and countertops in home photos. Powered by Roomvo (roomvo.com), a leading home visualization platform, the feature empowers home searchers to envision the potential of a home, identify which homes they are serious about touring or buying, and experiment with design styles. The feature is available for all active Redfin listi.

Redfin Launches AI-Powered Tool to Redesign Listing Photos

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — 2023 has been the least affordable year to buy a home in Redfin's records, but things are looking up for 2024, according to a report from Redfin (redfin.com), the technology-powered real estate brokerage. Someone making the $78,642 median U.S. income in 2023 would've had to spend 41.4% of their earnings on monthly housing costs if they bought the $408,806 median-priced U.S. home. That's the highest share on record and is up from 38.7% in 2022. Data for.

Redfin Reports 2023 Has Been The Least Affordable Year for Homebuying on Record—But 2024 Is Looking Up

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Homebuying is becoming more affordable as mortgage rates continue declining—the median U.S. housing payment was $2,561 during the four weeks ending December 3, down $177 from the record high they hit in October. This according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's spurring action from sidelined homebuyers and sellers. Mortgage-purchase applications are up 15% from the 28-year low they dropped to a.

Redfin Report: Buyers Get an Early Holiday Gift as Rates Come Down and New Listings Rise

Redfin has nearly doubled in 2023 as the company's efforts to cut costs and refocus the business have paid off. There are some big catalysts that could take Redfin to the next level in 2024 and beyond.

Investors Should Pay Attention to This Out-of-Favor Stock in 2024 -- Here's Why

Opendoor

Upstart Holdings

Upstart was once profitable and growing quickly, but rising interest rates tanked the stock. Redfin stock should rebound once mortgage rates start to come down.

3 Top Stocks That Could Double in 2024

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Signs point to a shift toward a buyer's market in 2024 as pandemic-driven inflation takes its last gasps, mortgage rates come down and more people list their homes for sale. That's according to annual end-of-year predictions from Redfin (redfin.com), the technology-powered real estate brokerage, which expects these trends to continue in the new year, ushering in a season of hope for aspiring homebuyers. And there's more reason to be optimistic about 20.

Redfin Predicts 2024 Will Be the Year Homebuyers Catch a Break, With Home Prices Falling and New Listings Rising

The Nasdaq-100 index plunged 33% in 2022 as the Federal Reserve started rapidly increasing interest rates. But most experts believe the Fed is now done, and the index has bounced back ferociously in 2023.

History Says The Nasdaq-100 Could Be on the Cusp of a 6-Year Win Streak. Here's 1 Stock to Buy Right Now

Home Depot

The very sharp increase in interest rates since March 2022 has caused the number of home sales to plunge. That's because many consumers prefer to stay in their current homes.

3 Stocks Taking It on the Chin as Pending Home Sales Fall to 2001 Lows

Disney

Adding to your winners is a proven strategy for success in the stock market. After a year of cost-cutting and restructuring, Disney is ready to return to growth.

Adding $5,000 to These 2 Top Stocks Could Make You Richer in 2024 (and Beyond)

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Housing payments have declined for the fifth week in a row, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The typical U.S. homebuyer's monthly mortgage payment was $2,575 during the four weeks ending November 26, down $164 from a peak of $2,739 last month but up 13% year over year. Monthly payments are falling from their peak because mortgage rates are falling from their peak. The weekly average 30-yea.

Redfin Report: Monthly Mortgage Payments Fall; New Listings Post Biggest Annual Uptick in Over 2 Years

Lemonade

The stock market is rallying and is close to entering a new bull market. Lemonade's AI models are becoming more accurate, leading to improved loss ratios and profits.

Prediction: These 2 Stocks Could Skyrocket in the Next Bull Market

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Nashville has made the list of top migration destinations for the first time since 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It was the ninth-most popular destination for homebuyers looking to relocate to a new metro area in October, with people most commonly moving in from Los Angeles. “A lot of Nashville locals have been priced out of homeownership, but when you're coming from somewhere lik.

Redfin Report: Nashville Lands on List of Popular Homebuyer Migration Destinations For First Time Since 2021

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Today, Redfin is releasing a new tool that measures changes in U.S. home prices called the Redfin Home Price Index (RHPI). The RHPI uses the repeat-sales pricing method to calculate how sale prices of single-family homes change over time, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The latest RHPI data shows that prices climbed roughly 1% from September to October. How the RHPI differs from the medi.

Redfin Announces Home Price Index to Show Changes in U.S. Home Prices

The housing market can't get much worse from here, according to Redfin CEO Glenn Kelman. High mortgage rates and high prices have crushed affordability for buyers.

The housing market has hit 'rock bottom' and the sales slump will last a long time, Redfin CEO says

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —This week has brought some hopeful news for homebuyers, with new listings posting their biggest year-over-year increase since 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Declining mortgage rates are also giving buyers a bit of relief, with rates clocking in around 7.3% this week, down from 8% a month ago. Redfin is taking a break from full analysis this week, but please see the bullet points an.

Redfin Report: Buyers Have a Few Things to Be Thankful For This Week, With Listings Rising and Mortgage Rates Falling

The economic news this week featured falling U.S. inflation and lower mortgage rates. Redfin is reporting an increase in mortgage applications.

News for Redfin Stock (RDFN)