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.

Shares of Redfin continued to decline after posting disappointing Q2 results. The company expects its real estate division to see revenue shrink in the single digits in Q3. New rules for the U.S. real estate industry will take effect in August, which are likely to reduce overall commissions as well as buy-side work for Redfin.

Redfin: Trapped In Bad Conditions

Redfin Corporation (NASDAQ:RDFN ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Meg Nunnally - Head of Investor Relations Glenn Kelman - Chief Executive Officer Chris Nielsen - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Ryan McKeveny - Zelman & Associates Ygal Arounian - Citigroup John Campbell - Stephens Inc. Curtis Nagle - Bank of America Jay McCanless - Wedbush Operator Good day, ladies and gentlemen and welcome to the Redfin Corporation Second Quarter 2024 Earnings Conference Call. Our host for today's call is Meg Nunnally, Head of Investor Relations.

Redfin Corporation (RDFN) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Redfin (RDFN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Redfin (RDFN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Redfin (RDFN) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to loss of $0.25 per share a year ago.

Redfin (RDFN) Reports Q2 Loss, Tops Revenue Estimates

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its second quarter ended June 30, 2024. Second Quarter 2024 Second quarter revenue was $295.2 million, an increase of 7% compared to the second quarter of 2023. Gross profit was $109.6 million, an increase of 9% year-over-year. Real estate services gross profit was $53.7 million, a decrease of 4% year-over-year, and real estate services gross margin was 29%, compared to 31% in the second quarter of 2023. Net.

Redfin Reports Second Quarter 2024 Financial Results

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN)—Nearly one in every five (17.3%) house hunters are willing to sacrifice their physical safety to find a home they can afford within the next year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Nearly one in four (23.7%) Gen Z respondents said they are willing to live somewhere less safe for the right price, compared to 18.1% of millennials and 17.5% of Gen Xers. Only 5.5% of Baby Boomers said they would.

Redfin Reports Nearly 25% of Gen Z House Hunters Are Willing to Sacrifice Safety to Afford a Home

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Scores of people are moving to the parts of America endangered by wildfires, flooding and extreme heat—even as those dangers become more frequent and intense—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. America's high-fire-risk counties saw 63,365 more people move in than out in 2023. Much of that net inflow was people moving to Texas. But the story differs from state to state; among California's hig.

Thousands More People Are Moving In Than Out of Fire- and Flood-Prone America, Fueled by Migration to Texas and Florida

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. home seller pays a 2.55% commission to the real estate agent hired by their home's buyer, according to an analysis of MLS data by Redfin, the technology-powered real estate brokerage. That's down from an average of 2.62% in January. Commissions have been gradually declining over the past decade, from an average of 2.89% in 2013 to 2.66% in 2023. It's possible that news of a legal settlement by the National Association of Realtors (NAR).

Typical Buyer's Agent Earns 2.55% in Commission, a Rate That Has Declined Since the NAR Settlement Was Announced in March, Redfin Reports

SAN JOSE, Calif.--(BUSINESS WIRE)--Bismarck State College is expanding its educational technology stack with the addition of the YuJa Verity Test Proctoring Platform.

Bismarck State College Adds YuJa Verity Test Proctoring Platform, Live Proctoring, and Lockdown Proctoring App to its Ed-Tech Solutions

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The number of renter households in America grew 1.9% year over year in the second quarter to a record 45.2 million, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's over three times faster than the number of homeowner households, which grew 0.6% to a record 86.3 million. The number of renter households grew at the second-fastest pace since 2021, while the number of homeowner households grew at the.

Redfin Report: America's Renter Population Is Growing Three Times Faster Than Its Homeowner Population Amid Rise in Homebuying Costs

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. monthly housing payment was $2,667 during the four weeks ending July 28, its lowest level since March. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Payments are declining because mortgage rates and sale prices are falling: The weekly average mortgage rate is 6.78%, down from May's five-month high of 7.22%. The median home-sale price is $392,563, down nearly $4,000 from its earl.

Redfin Reports Homebuyers Aren't Yet Reacting to Lower Mortgage Rates, With Pending Sales Posting Biggest Year-Over-Year Decline in 9 Months

Redfin CEO Glenn Kelman pulled the curtain back on the U.S.'s 'somewhat slow' real estate market during an appearance on 'Cavuto: Coast to Coast.'

Redfin CEO says housing market is in a 'funk' as homebuyers weigh election uncertainty

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. luxury home sold for a record $1,180,000 in the second quarter, up 8.8% from a year earlier—the biggest increase in nearly two years. Non-luxury home prices grew at less than half that pace, rising 3.8% to a record high median of $342,500, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin defines luxury homes as those estimated to be in the top 5% of their respective metro area bas.

Luxury Home Prices Spike 9% to All-Time High

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. homebuyer's monthly housing payment was $2,671 during the four weeks ending July 21, the lowest level in four months and down $166 from the record high set at the end of April. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments are falling because mortgage rates are falling: The weekly average mortgage rate has declined to 6.77%, its lowest level since March, as inf.

Redfin Reports Typical Homebuyer's Monthly Payment Drops to Lowest Level in 4 Months

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 59.6% a year earlier, marking the biggest annual increase in a year, and the highest share of any June since 2020. June was the fourth straight month in which the portion of homes sitting on the market for at.

Redfin Reports 65% of Home Listings Have Been Sitting on the Market Longer Than a Month, Up From 60% a Year Ago

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release second-quarter 2024 results after the stock market closes on Tuesday, August 6, 2024. 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 peo.

Redfin to Announce Second-Quarter 2024 Results on August 6, 2024

Redfin (RDFN) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Despite Fast-paced Momentum, Redfin (RDFN) Is Still a Bargain Stock

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Deals to purchase homes are falling through at a record rate as high housing costs give buyers cold feet, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Nearly 56,000 home-purchase agreements were canceled in June, equal to 14.9% of homes that went under contract that month—the highest percentage of any June on record. House hunters are having trouble committing because buying a home is more expensive.

Cold Feet: Homebuyers Backed Out of Deals at a Record Rate in June

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices rose 0.2% in June, the smallest month over month increase since January 2023 on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices in June were still up 6.9% from a year earlier, the lowest annual growth since January. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted chan.

Redfin Reports Home Prices Keep Climbing, But at Slowest Pace Since Early 2023

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. homebuyer's monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April's all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's despite home prices sitting just about $100 shy of last week's record high. Daily average mortgage rates have dropped to their lowest level since February after last week's cooler-than-expected inflation report.

Redfin Reports Typical Monthly Housing Payment Drops to $115 Below Record As Mortgage Rates Decline, But House Hunters Are Still Waiting on the Sidelines

Wall Street predicts the Federal Reserve will lower interest rates three times before the end of 2024. That expectation has driven a surge in shares of real estate technology company Redfin this month.

This Unstoppable Stock Is Up 41% in July, but It's Not Too Late to Buy

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median monthly housing payment for homebuyers in swing states has nearly doubled since the 2020 presidential election, rising 92% to an all-time high of $2,161, as both home prices and mortgage rates have soared. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing costs have also skyrocketed in red and blue states since 2020: Homebuyers' median housing payment has risen 95% to a record $.

In Swing States, Typical Homebuyer's Monthly Payment Has Nearly Doubled Since The Last Presidential Election

Redfin (RDFN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Redfin (RDFN) Soars 7.7%: Is Further Upside Left in the Stock?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A homebuyer on a $3,000 monthly budget can afford a $447,750 home with a 6.85% mortgage rate, the daily average as of July 11, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That buyer has gained $22,500 in purchasing power since mortgage rates hit a five-month peak in April, when they could have bought a $425,500 home with an average rate of 7.5%. Mortgage rates dropped to their lowest level since Mar.

Falling Mortgage Rates, Rising Supply Create Opportunity for Homebuyers This Summer, Even Amid Record-High Prices

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home-sale price hit an all-time high of $397,482 during the four weeks ending July 7, up 4.7% year over year—the biggest increase in over four months. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This marks the ninth straight week the median sale price has reached a new record high. Sale prices have remained stubbornly high despite elevated mortgage rates pushing down homebuyin.

News for Redfin Stock (RDFN)