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

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.

Demand for the company's services is strong, but investors may be concerned about slumping profits in 2021.

Why Redfin Stock Was Hammered Today

Depleting inventory levels, decreasing mortgage rates and increase in home sales point to healthy outlook for housing market. Acquisition of RentPath should drive higher customer lifetime value.

Redfin: Benefitting From Strong Home Sales Trends

Redfin Corporation (RDFN) CEO Glenn Kelman on Q4 2020 Results - Earnings Call Transcript

The tech-enhanced low-cost real estate broker is forecasting a return to double-digit growth in Q1 2021.

Redfin Posts 5% Year-Over-Year Growth in Q4 as Home Supply Shortage Continues

Redfin (RDFN) delivered earnings and revenue surprises of 120.00% and 4.89%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Redfin (RDFN) Q4 Earnings and Revenues Top Estimates

Shares of Redfin (NASDAQ:RDFN) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 237.50% year over year to $0.11, which beat the estimate of $0.04.

Redfin: Q4 Earnings Insights

Redfin beat analyst expectations for its fiscal fourth quarter, reporting revenue of $244.

Redfin beats Q4 earnings estimates with $244M in revenue and record traffic

SEATTLE, Feb. 24, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the fourth quarter and full year ended December 31, 2020. All financial measures, unless otherwise noted, are presented on a GAAP basis and include stock-based compensation,...

Redfin Reports Fourth Quarter and Full Year 2020 Financial Results

Redfin Corporation (RDFN) CEO Glenn Kelman on Redfin's Acquisition of RentPath Conference (Transcript)

The company didn't announce how the deal would be financed.

Redfin Stock Pops After Announcing $608 Million Acquisition of RentPath

The deal would give it ownership of some of the most-trafficked housing rental sites on the Internet.

Redfin Makes a Bold Move Into Rentals With $608 Million RentPath Deal

SEATTLE, Feb. 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price rose 14% year over year to $330,500 in January, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This marks an annual gain just shy of the...

Housing Market Stayed Hot in January as Home Prices Rose 14% and Sales Surged 20%

Redfin is making a major push into the residential home rental market, announcing Friday morning that it is paying $608 million in cash for Atlanta-based RentPath.

Redfin agrees to acquire RentPath for $608 million, owner of Rentals.com, Rent.com and ApartmentGuide

SEATTLE and ATLANTA, Feb. 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin (www.redfin.com) has entered into an agreement to acquire RentPath (www.rentpath.com), the Atlanta-based owner of ApartmentGuide.com, Rent.com, and Rentals.com, for $608 million in cash. The acquisition will bring...

Redfin Announces Agreement to Acquire RentPath for $608 Million

Redfin (RDFN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Redfin (RDFN) Earnings Expected to Grow: Should You Buy?

SEATTLE, Feb. 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — One in five residential properties across 30 of the largest American cities are in economically integrated neighborhoods, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage....

Half of Homes In Seattle and Washington, D.C. Are In Economically Integrated Neighborhoods--a Bigger Share Than Other Major U.S. Cities

SEATTLE, Feb. 12, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 15% year over year to $318,750, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Below are other key housing market takeaways for more than 400 U.S....

A Record 52% of Homes Under Contract Within 2 Weeks

SEATTLE, Feb. 12, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 55.9% of Redfin offers for homes faced bidding wars in January, up from a revised rate of 52.5% in December, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. It marks...

56% of Redfin Home Offers Faced Competition in January, the Ninth-Straight Month More Than Half of Redfin Offers Faced Bidding Wars

SEATTLE, Feb. 10, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) will release fourth-quarter and full-year 2020 results after the stock market closes on Wednesday, February 24, 2021. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m....

Redfin to Announce Fourth-Quarter and Full-Year 2020 Results on February 24, 2021

Redfin Corporation (RDFN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Redfin Corporation (RDFN) Ahead of Earnings?

SEATTLE, Feb. 8, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate brokerage, is now publishing the buyer's agent commission for over 700,000 home listings in regions where this data is available. Redfin's mission to redefine real estate in...

Redfin Publishes Commissions on Over 700,000 Homes for Sale

Zillow

An analyst at Goldman Sachs upgraded the two real-estate services providers on Friday.

Zillow and Redfin Stock Have Soared. Why There Could Be More Growth Ahead.

SEATTLE, Feb. 4, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 27.8% of Redfin.com users looked to move to another metro area in 2020, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's up from 25.5% in 2019, a 9%...

Austin, Atlanta & Tampa Are Attracting Homebuyers From More Expensive Cities, Contributing to a Housing Supply Crunch

SEATTLE, Jan. 29, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 15% year over year to $318,280, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Below are other key housing market takeaways for more than 400 U.S....

55% of Homes Under Contract Within 2 Weeks, a New Record

SEATTLE, Jan. 29, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The number of homes for sale in rural areas nationwide started the year down a record 44.4% compared to a year ago, according to a new analysis from Redfin (www.redfin.com), the technology-powered real estate brokerage. The analysis...

News for Redfin Stock (RDFN)