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 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.

AppFolio

Fears of a recession are creating fantastic deals in countercyclical companies that work in cyclical ones. The post 2 Real Estate Tech Stocks Ready for a Resurgence appeared first on InvestorPlace.

2 Real Estate Tech Stocks Ready for a Resurgence

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median sale price for U.S. homes came down 0.7% from its record-breaking June peak during the four weeks ending July 10, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Sellers' asking prices also came down 3% from their May peak as the share of homes with price drops hit another new high. Home supply posted its first year-over-year increase since August 2019 as pending sales continued to slide. The

Redfin Reports Prices Begin to Fall from Record Highs

Airbnb

eXp World Holdings Inc

Zillow

If you're looking to buy a piece of the real estate market without the risk, these 5 real estate stocks to buy are set to outrun the market. The post 5 Stocks to Outrun the Housing Market appeared first on InvestorPlace.

5 Stocks to Outrun the Housing Market

Offerpad Solutions

The housing market has surged in the past two years. On average, home prices have risen 20% year over year most months, according to the S&P Case-Shiller real estate report.

3 Real Estate Firms That Can Stand Up to the Recession

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The number of homes for sale nationwide in June rose 2%, the first annual increase since July 2019, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Supply has built up as the combination of 5.5%-plus mortgage rates, high home prices and a faltering economy push more buyers to the sidelines, thereby creating a more balanced market. Home sales fell nearly 16% from a year ago, the largest decline since May

Redfin Reports Home Supply Is Up For The First Time In Nearly 3 Years

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly two-thirds (61.5%) of homes for sale in Boise, ID had a price drop in June, according to a new analysis from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's the highest share of the 97 metros in the analysis. Price drops have become a common feature of the cooling housing market, particularly in places that were popular with homebuyers earlier in the pandemic. Next came Denver (55.1%) and Salt Lake City (51.6%), eac

More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market

KB Home

With significant shifts in the economy, adjusted housing market predictions possibly imply the return of a buyers' market. The post Housing Market Predictions: When Will It Be a Buyers' Market Again?

Housing Market Predictions: When Will It Be a Buyers' Market Again?

Shares of real estate services companies were knocked lower Wednesday after surprisingly strong inflation data sent Treasury yields climbing. A big jump in longer-term Treasury yields this year has weighed heavily on the housing market, as they reduce affordability by boosting mortgage lending rates.

Redfin, Zillow stocks drop after inflation data fuels jump in Treasury yields

D.R. Horton

Rocket Companies, Inc.

Summit Midstream Partners LP

Once you account for the rise in skilled labor and commodity costs, home prices mirror those of 1950. Expect a slow deflation of prices.

Will the Housing Market Crash in 2022?

An analyst takes over his company's coverage of the stock and finds his inner bear.

Why Redfin Stock Was Deep in the Red Today

The slowdown in the housing market weighed on the real estate stock.

Why Redfin Stock Plunged 79% in the First Half of the Year

Home purchase-agreement cancellations are picking up along with slowing rent increases, together this could signal a cooling housing market. The post New Redfin Reports Show the Housing Market Is Starting to Cool Off appeared first on InvestorPlace.

New Redfin Reports Show the Housing Market Is Starting to Cool Off

Shares of Redfin Corp. took a dive Monday, after Wedbush backed away from its long-time bullish stance, just as the online real estate services company revealed data showing that home buyers are canceling deals at the fastest rate in more than two years.

Redfin stock dives after downgrade by long-time bull, downbeat home-buying deals data

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier—the smallest annual increase since October, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Asking rents were up 0.7% from May, the smallest month-over-month gain since the start of the year. “Rent growth is likely slowing because landlords are seeing demand start to ease as renters get pinched by inf

Redfin Reports Asking Rents Rise 14% in June, the Smallest Increase Since October

Shares of Redfin Corp. tumbled 9.6% in morning trading Monday, after the online real estate services company said that housing market deals are falling through at the fastest clip in two years, as home buyers are using a slowing market to try to renegotiate. In addition, buyers are backing out because higher mortgage rates mean they can no longer afford the home they agreed to buy.

Redfin stock tumbles after it says housing market deals are falling through at the fastest rate in 2 years

This real estate tech company has the potential to make a lot of money over the next two decades, but it's certainly no guarantee.

Could Investing in Redfin Help Make You a Millionaire?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, roughly 60,000 home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month, according to the latest analysis from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's the highest percentage since March and April 2020, when the housing market all but ground to a halt due to the onset of the coronavirus pandemic. It compares with 12.7% a month earlier and 11.2% a year ear

Home Sales Are Getting Canceled at the Highest Rate Since the Start of the Pandemic

Redfin Corp. said Friday that it is seeing the northern California housing market, including the San Francisco Bay Area, cooling faster than any other U.S. market, as mortgage rates remain high and as the stock market has dropped. The San Jose housing market is slowing the fastest, with the supply of homes for sale up 10% from a year ago in May just three months after supply was down 43%.

Redfin seeing San Francisco Bay Area housing market slowing fastest in the U.S.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Housing markets in northern California are cooling faster than anywhere else in the U.S. amid high mortgage rates and a faltering stock market, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Five of the 10 U.S. housing markets that have cooled fastest this year are in northern California–San Jose, Oakland, San Francisco, Sacramento and Stockton–and three of those five are in the Bay Area. All 10 of the

Redfin Reports Bay Area Housing Market Is Cooling More Rapidly Than Anywhere Else in the Country

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —After months of tipping heavily in sellers' favor, the scales of the housing market are finally balancing out, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Soaring housing costs caused many house hunters to drop out in recent months, which is now providing some relief for buyers who remain. Today's buyers are seeing the housing shortage ease, price growth slow, competition decline and mortgage rates d

Redfin Reports Balance Is Returning to the Housing Market as Competition Eases

Shopify

Unity Software

History suggests that a down market is the best time to put money to work.

3 Growth Stocks Down 81% to 90% to Buy Hand Over Fist

Equity Residential

Lennar

Real estate shares have been hit alongside the market's sell-off, but make no mistake, these best housing stocks are ready for price inflation. The post 3 Best Housing Stocks to Buy Now appeared first on InvestorPlace.

3 Best Housing Stocks to Buy Now

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — In 2020 and 2021, purchases of second homes with high flood risk rose 45% from the prior two-year period (2018-2019), according to a new analysis of ClimateCheck data from Redfin (redfin.com), the technology-powered real estate brokerage. There were also significant increases in purchases of second homes with high storm risk (40%) and high heat risk (39%). Demand for second homes surged during the pandemic as low mortgage rates, remote work and the des

Scores of Pandemic Homebuyers Purchased Vacation Homes With High Natural-Disaster Risk

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —More and more, home sellers are ceding to the mounting pressure on affordability posed by this month's rapid mortgage-rate hike, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median asking price of newly-listed homes for sale is down 1.5% from the all-time high it reached in the spring, and a record-high share of sellers dropped their asking price during the four-week period ending June 26. Pending

Redfin Reports Asking Prices Come Down from All-Time High

When will the housing market cool down? Redfin recently released data showing more home sellers are lowering their asking prices already.

News for Redfin Stock (RDFN)