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

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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.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — U.S. home prices climbed 0.6% from a month earlier on a seasonally-adjusted basis in March, matching February's 0.6% month-over-month gain, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, prices rose 7.3%, also little changed from the prior month's 7% annual increase. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calcula.

Redfin Home Price Index: Price Growth Stabilizes in March, With Prices Up 0.6% From a Month Earlier

Compass

Offerpad Solutions

Zillow

Proptech stocks are having a bad year. Redfin (RDFN) stock price has crashed by over 62% this year while Offerpad (OPAD), Compass (COMP, and Zillow (Z) have plunged by over 26% and 27% this year.

Redfin, Offerpad, Zillow, Compass stocks are falling: here's why

Federal Reserve officials signal reluctance to shave interest rates. That means rates will probably stay at the current, relatively elevated, level for the time being.

Why Redfin Stock Was Plummeting This Week

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median-priced U.S. luxury home sold for a record $1,225,000 in the first quarter, up 8.7% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices of non-luxury homes rose at roughly half the pace; they were up 4.6% to a median of $345,000, also a record high. Redfin defines luxury homes as those estimated to be in the top 5% of their respective metro area based on market value, a.

Redfin Reports the Typical U.S. Luxury Home Costs More Than Ever Before

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. home-sale price increased 5% from a year earlier during the four weeks ending April 14, bringing it to $380,250—just $3,095 shy of June 2022's all-time high. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The average daily mortgage rate this week surpassed 7.4%, the highest level since last November, after a hotter-than-expected inflation report and the Fed's confirmation that int.

Redfin Reports the Cost of Buying a Home Hits New Record As Mortgage Rates Jump, Prices Rise 5%

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Nearly three-quarters (70.3%) of Florida homeowners and over half (51%) of California homeowners say they or the area they live in has been affected by rising home insurance costs or changes in coverage (e.g., their insurer dropped them) in the past year. That compares with less than half (44.6%) of homeowners nationwide, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This report is based on a Redfin-co.

Redfin Survey: 70% of Florida Homeowners Have Seen Rise in Insurance Costs or Changes in Coverage

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly two in five (38%) U.S. renters don't believe they'll ever own a home, up from roughly one-quarter (27%) less than a year ago, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Lack of affordability is the prevailing reason renters believe they're unlikely to become homeowners. Nearly half (44%) of renters who don't believe they'll buy a home in the near future said it's because available homes are.

Redfin Reports Nearly 40% of Renters Think They'll Never Own a Home, Up From 27% Last Year

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median monthly U.S. housing payment hit an all-time high of $2,747 during the four weeks ending April 7, up 11% from a year earlier. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments are soaring because home prices and mortgage rates are high. The median home-sale price is $378,250, up 4.5% year over year and just about $5,000 shy of the record high hit in June 2022. The average.

Redfin Report: Monthly Payments Set New Record–And Buyers' Costs Will Likely Stay High on Inflation News

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than one-quarter of recent homebuyers (28%) have no idea how much their agent was paid, and 17% have no idea how the amount was determined, according to a new report from Redfin (www.redfin.com). A similar share—19%—have no idea who paid their agent. The report is based on a Redfin-commissioned survey conducted by Qualtrics in February 2024. The nationally representative survey was fielded to 2,995 U.S. homeowners and renters. This report focuses.

Redfin Survey: Over One-Quarter of Recent Homebuyers Have No Idea How Much Their Agent Was Paid

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one of five (17.8%) homes that sold in San Francisco during the three months ending February 29 sold at a loss, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's comparable with the 17.9% share hit during the three months ending January 31, which was the highest in 11 years. That's a higher share than any other metro, and it's more than four times the national share of 4.3%. The national sha.

Redfin Reports Nearly 20% of San Francisco Home Sellers Take a Loss on Their Sale, More Than Four Times the National Share

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 0.8% year over year to $1,987 in March, marking the third consecutive increase following three months of decreases, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Asking rents were little changed from February (+0.3%). Rising rents in the Midwest and Northeast helped drive the national uptick in rents, and elevated mortgage rates also likely contributed. The average 30-y.

Redfin Reports Asking Rents Rose for the Third-Straight Month in March, Driven By the Midwest

CoStar Group

The National Association of Realtors settled a lawsuit that could dramatically change the way homes are sold.

Potential Winners and Losers From the National Association of Realtors Settlement

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Half of U.S. homeowners and renters (49.9%) sometimes, regularly or greatly struggle to afford their housing payments, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Many report making sacrifices to cover their housing costs. The most common sacrifice was taking no or fewer vacations. More than one-third of homeowners and renters (34.5%) who struggle to afford housing indicated that they skipped vacati.

Redfin Survey: Half of U.S. Homeowners and Renters Struggle to Afford Their Housing Payments

Paragon 28

OTTAWA, Ontario--(BUSINESS WIRE)--NeuroStreet acquires TickBlaze to elevate trading tech, promising transformative solutions in the industry.

NeuroStreet To Transform Trading Technology With Tickblaze Acquisition

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —New listings of U.S. homes for sale rose 8.4% from a year earlier during the four weeks ending March 31, the smallest increase in about seven weeks, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. What sellers are doing: Year-over-year growth in new listings slowed because some sellers took a break over Easter, which fell over a week earlier in 2024 than in 2023. The slowdown is likely an Easter blip, bu.

Redfin Reports Listings and Sales Stumble as Sellers and Buyers Take Easter Break

T. Rowe Price Group

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Finance Names

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than three-quarters (78%) of older American homeowners plan to stay in their current home as they age, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin asked baby boomers in a recent survey what they anticipate their living situation to be as they grow older, and staying in their current home is by far the most common aging plan for older homeowners. The next most common plan is moving to a 5.

Redfin Survey: More Than Three-Quarters of Baby Boomers Plan to Stay In Their Home As They Grow Older

Redfin's business might have already hit rock bottom, and management is forecasting revenue to increase in the 2024 first quarter. The stock jumped last week after the company reported a new surge in home listings.

Is Redfin Stock a Buy?

The U.S. Federal Reserve will likely cut interest rates in 2024, taking some pressure off households. Interest rate cuts might lead to a resurgence in some stocks that have been overlooked lately because of their sensitivity to consumer spending.

Got $70? 2 No-Brainer Stocks to Buy Now and Hold for the Long-Term

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median down payment for U.S. homebuyers was $55,640 in February, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up 24.1% from $44,850 a year earlier—the largest annual increase in percentage terms since April 2022. The typical homebuyer's down payment last month was equal to 15% of the purchase price, up from 10% a year earlier. This is based on a Redfin analysis of county records across 40.

The Typical Homebuyer's Down Payment Is $56,000, Up 24% From a Year Ago

Redfin issued a report showing that new listings were rising at their fastest pace in three years. RH also offered strong guidance for 2024, another sign that the housing market is on the rebound.

Why Redfin Stock Was Climbing Today

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The typical U.S. monthly housing payment hit an all-time high of $2,721 during the four weeks ending March 24, up 10% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments are at a record high because of the one-two punch of elevated mortgage rates and rising home prices. Mortgage rates remain elevated near 7%, and the median home-sale price is up 5% year over year to roug.

Rising Supply Draws in Some Buyers, Even as Housing Payments Soar 10% to All-Time High

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers must earn $75,849 annually to afford the typical U.S. starter home as of February, up 8.2% ($5,767) from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The monthly housing payment for the typical U.S. starter home was $1,896 in February, also up 8.2% from a year earlier. The income necessary to buy starter homes is increasing from a year ago due to rising prices and mortgage.

First-Time Buyers Must Make $76,000 to Afford the Typical U.S. Starter Home–Up 8% From a Year Ago

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. household earns $29,448 less than it needs to afford the median-priced home, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. While that's a sign of a major housing affordability crisis, it marks an improvement from October, when the typical household earned a record $40,810 less than it needed as mortgage rates hit the highest level in 23 years. That's based on a Redfin analysis of the.

Redfin Reports The Typical Household Earns Roughly $30,000 Less Than Needed to Afford the Median-Priced Home

Redfin Chief Executive Glenn Kelman argued that the housing supply crisis can be addressed as states focus on deregulation, which would help boost inventory.

News for Redfin Stock (RDFN)