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

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

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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--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, 30.6% of U.S. single-family homes for sale in the third quarter were new construction, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the highest share of any third quarter on record and up from 28.9% one year earlier and 25% two years earlier. Newly built homes have taken up a growing share of for-sale housing inventory partly because homebuilding has increased and partly because th.

Almost a Third of Homes for Sale Are New Construction—the Highest Share of Any Third Quarter on Record

Redfin's sales commissions are lower than the industry average. After winding down its RedfinNow division, brokerage services are the company's key revenue driver.

3 Things the Smartest Investors Know About Redfin

Redfin aims to be profitable next year. Is that still on track?

Can Redfin Succeed If the Real Estate Market Stays Slow?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — In Albany, NY, the typical home that sold in September went under contract in just eight days, making it the fastest market in the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Next came Rochester, NY (9), Grand Rapids, MI (9) Buffalo, NY (11), San Jose, CA (12) and Seattle (12). Aside from Seattle and San Jose, all of the six fastest markets have median home sale prices well below the nation.

Homes in Upstate New York Sell in Roughly a Week While in Austin It Takes Nearly Two Months

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — New listings of homes for sale rose 0.3% from a year earlier during the four weeks ending October 22—a small increase, but the first since July 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.. More homeowners are putting their homes on the market as mortgage rates remain elevated near 8%. Some sellers are accepting that rates are unlikely to meaningfully decline anytime soon and finally par.

Redfin Reports Buyers Get Some Relief As New Listings Finally Increase, More Sellers Drop Prices

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More homebuyers looked to leave Austin, TX than move in during the third quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the first time on record there hasn't been a net inflow into the Texas capital. Redfin's records go back through 2017. The number of Austin-based Redfin.com users looking for homes outside the metro area has more than doubled over the last year. This marks a stark reve.

Austin, Once a Migration Hotspot, Is Losing Homebuyers to Other Cities For First Time on Record

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com) today announced Redfin Max, a new pay plan for agents. With Redfin Max, 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 Max is launching in San Francisco and Los Angeles and Redfin plans to expand it over time. Agents can connect with Redfin to learn abo.

Redfin Announces Redfin Max, a Game-Changing Pay Plan for Agents

Redfin is getting a $250 million infusion from Apollo Capital Management. The company plans to use the cash to pay down its convertible debt.

Why Redfin Stock Was Gaining Today

Logitech

Shares in Logitech International LOGI, -1.19% surged 11% after the keyboard and computer mouse seller lifted its full-year guidance on publication of its second-quarter results.

Logitech shares surge after computer mouse seller lifts full-year guidance as Redfin stock boosted by Apollo financing

Shares of Redfin Corp. jumped more than 12% in the extended session Monday after news that Apollo Global Management has agreed to commit up to $250 million in financing for the real-estate brokerage.

Redfin's stock rallies more than 12% after Apollo throws real-estate brokerage a lifeline

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings climbed 1.4% month over month in September, the largest increase since February 2022 on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's a glimmer of relief for homebuyers, who for months have been waiting for more homes to hit the market. “A lot of Americans are sitting on piles of money in their homes, and some are opting to cash out even if it means giv.

Redfin Reports New Listings and Pending Sales Ticked Up in September, But Deals Were Canceled at Highest Rate in Almost a Year

Redfin announced multiple concerning real estate headlines this week, highlighting a 15-year low for home sales with mortgage rates hitting 8%. The online real estate platform also published research showing the average homebuyer must earn nearly $115,000 per year to afford a median-priced home.

Why Redfin Stock Fell 14% This Week

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release third-quarter 2023 results after the stock market closes on Thursday, November 2, 2023. 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 2023 Results on November 2, 2023

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — This year is likely to end with roughly 4.1 million existing home sales nationwide, the fewest since the housing bubble burst in 2008 after the subprime mortgage crisis. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. What Redfin economists say: “Buyers have been in a bind all year,” said Chen Zhao, Redfin's economic research lead. “High mortgage rates and still-high prices are making it harder t.

Redfin Reports 2023 on Pace For Fewest Home Sales Since 2008 As Mortgage Rates Hit 8%

Compass

Offerpad Solutions

Opendoor

US mortgage rates are soaring as investors predict that the Federal Reserve will continue hiking rates for longer. They jumped to 8% on Thursday for the first time in 23 years.

US mortgage rates hit 8%: Is it safe to buy RDFN, COMP, OPAD, OPEN stocks dip?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the highest annual income necessary to afford a home on record. “In a homebuyer's ideal world, rising mortgage rates would push demand and home prices down enough to make up for high interest pa.

Redfin Reports That Homebuyers Must Earn $115,000 to Afford the Typical U.S. Home—About $40,000 More Than the Typical American Household Earns

D.R. Horton

Home Depot

iShares U.S. Home Construction ETF

Lennar

PulteGroup

Toll Brothers

Shares of homebuilders took a broad beating Thursday, as mortgage rates kept rising to a 23-year high, and prompting more home buyers to back off. The iShares Home Construction ETF ITB, -4.82% dropped 5.2% toward a four-month low in afternoon trading, the biggest one-day drop in 13 months, with all 46 equity components losing ground.

Homebuilder stocks crumble as mortgage rates surge and as home buyers retreat

Fathom Holdings

Clipper Realty

NETSTREIT Corp

RE/MAX Hld

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains In Q4 - Fathom Holdings (NASDAQ:FTHM), Clipper Realty (NYSE:CLPR)

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —New listings of U.S. homes for sale have ticked up 2% since the start of September, and listings haven't fallen as much from summer to fall as they typically do. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. What home sellers are doing: A few more homeowners are putting their homes on the market, despite being locked into relatively low mortgage rates. The total number of homes for sale is down.

Redfin Reports Listings Tick Up, But Buyers Back Off

The real estate market is suffering a slowdown on the back of rising mortgage rates. Real estate technology company Redfin has been forced to pivot its business in a big way as a result.

1 Stumbling Stock Down 93% Is a Buy on the Dip

Redfin CEO Glenn Kelman discusses American real estate as homebuyers attempt to 'catch a break' from the 'rock bottom' market.

Redfin CEO issues dire warning on US's 'rock bottom' real estate market: The 'American dream' is in trouble

Mortgage rates continued to move higher as the Federal Reserve said it expected rates to remain elevated. Existing home sales in August continued to decline.

Why Redfin Stock Tumbled 26% Last Month

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent rose 0.4% year over year to $2,011 in September—the sixth straight month in which rents were little changed from a year earlier. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prior to that, rent growth had been slowing rapidly for roughly a year, coming back down to earth after a surge in prices during the pandemic. The median asking rent fell 2% from a month earlier.

Redfin Reports Asking Rents Flattened in September Amid Growing Apartment Supply

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Mortgage rates hit their highest level in more than 20 years this week, pushing homebuyers' monthly housing payments to all-time highs. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A buyer on a $3,000 monthly budget, for instance, can afford a $419,000 home with a 7.7% mortgage rate, roughly the daily average on October 4. That buyer has lost $38,000 in purchasing power since last October, whe.

Redfin Reports New Listings Hold Up As Mortgage Rates Soar Toward 8%

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly two-thirds of recent U.S. homebuyers (59%) think purchasing a house is more stressful than dating, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. “Getting ghosted by your date is stressful, but purchasing a home in today's market comes with its own unique set of anxieties,” said Redfin Chief Economist Daryl Fairweather. “Buyers are increasingly ghosting sellers as housing costs climb, and high m.

News for Redfin Stock (RDFN)