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

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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) — The typical U.S. asking rent ticked up 0.6% year over year in September to $1,634, with several East Coast and Midwestern metros seeing the biggest increases. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were down 0.2% on a month-over-month basis. The median rent has stayed largely flat for the past two years, ranging between $1,599 and $1,663—including sitting in a tight window between.

Redfin Reports Asking Rents Tick Up 0.6%, With East Coast and Midwest Metros Posting Biggest Increases

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending U.S. home sales rose 2% from a year earlier during the four weeks ending October 6, the biggest increase in three years, according to a new report from Redfin, the technology-powered real estate brokerage. Demand picked up at earlier stages of the homebuying process, too. Redfin's Homebuyer Demand Index–a measure of tours and other buying services from Redfin agents–sat near its highest level since May last week, and mortgage-purchase applicati.

Redfin Reports Pending Home Sales Post Biggest Increase Since 2021

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Nearly one-third (32%) of U.S. residents aged 18-34 say they're reconsidering where they want to move in the future after seeing or hearing about the damage caused by Hurricane Helene, according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage. That compares with 15% of respondents aged 35 and older. Redfin's report is based on a commissioned survey conducted by Ipsos on Oct. 2-3, 2024. The nationally rep.

Redfin Survey: Nearly One-Third of Young Adults Say Hurricane Helene Has Made Them Reconsider Where They Want to Live in the Future

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending U.S. home sales were flat from a year earlier during the four weeks ending September 29, marking the first time since January pending sales didn't decline. That's according to a new report from Redfin, the technology-powered real estate brokerage. It's worth noting that we're comparing to a period last year when sales slumped as mortgage rates surged into the mid-7% range. Pending sales increased year over year in 27 of the 50 most populous U.S.

Redfin Reports September Was a Turning Point For Demand, With Pending Home Sales Flat After 9 Months of Declines and Tours Hitting Highest Level Since April

Nu Holdings

Interest rates are going down, and these stocks should be going up.

2 Growth Stocks That Are Screaming Buys in October

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — More than half (54%) of newly constructed apartments completed in the first quarter were rented out within three months—bouncing back from a four-year-low of 47% a quarter earlier— according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's still the second-lowest seasonally adjusted share recorded in a quarter since mid-2020 and down from 58% a year earlier. The uptick from the previous quarter—which saw th.

Redfin Reports Newly Built Apartments Are Starting to Fill Up Faster, But At a Slower Pace Than Last Year

Robinhood

Upstart Holdings

The Federal Reserve slashed the fed funds rate last month, and more cuts are likely on the way.

Interest Rate Cuts Are Terrific News for These 2 Stocks, But Terrible News for Another

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. homebuyers need to earn $76,995 per year to afford the median priced starter home ($250,000), down 0.4% year over year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the first annual decline since August 2020, when mortgage rates were nearing their record low. Starter-home prices are up 4.2% year over year, but the income needed to afford a starter home fell because mortgage rates dropped.

Redfin Reports Buying a Starter Home Is Now Cheaper Than It Was a Year Ago

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just 25 out of every 1,000 U.S. homes changed hands in the first eight months of 2024, the lowest turnover rate in decades, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin conducted an analysis of housing turnover by comparing the first eight months of 2024 across different metro areas, home and neighborhood types. The company is using turnover as a measure of housing availability; it indicates h.

Just 2.5% of U.S. Homes Changed Hands This Year, The Lowest Rate in Decades

Bulls argue that several tailwinds are emerging to support Redfin's recovery. According to the bear case, the recovery in the housing market isn't guaranteed, and that improvement is already priced in.

Redfin Stock: Bull vs. Bear

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Asking rents for newly constructed apartments fell to $1,746 in the second quarter, down 6.2% from a year earlier to the lowest level in more than two years. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It was the second consecutive quarter that rents for newly built apartments posted an annual decline and the second-steepest drop in the past five years—trailing only this year's first quarter,.

Redfin Reports Asking Rents for New Apartments Drop 6% to Lowest Level Since 2022, as Finished Buildings Soar

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers locked in nearly 70% more mortgages than they did a month earlier on September 23, according to a new report from Redfin, the technology-powered real estate brokerage. The report analyzes mortgage rate-lock data from Optimal Blue. The surge in mortgage-rate locks comes five days after the Fed cut interest rates for the first time in four years. It's worth noting that the surge in mortgage-rate locks may overstate the increase in mortgage dem.

Redfin Reports Buyers Are Coming Back: Mortgage Demand Shoots Up, Home Tours Hit Highest Level Since May

Although this real estate disruptor has more than doubled since midyear, it could have much more upside ahead.

This Rate-Cut Winner Is Already Up 115% in 3 Months. Is It Just Getting Started?

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The typical San Jose, CA homebuyer's monthly housing payment has fallen more than $2,000 from its springtime peak, landing at $9,398 in mid-September. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. San Jose saw the biggest drop in monthly housing payments among the U.S. metros Redfin analyzed. Housing payments are falling due mostly to lower mortgage rates: In anticipation of the Fed's historic i.

Redfin Reports Bay Area Homebuyers Stand to Save Thousands on Monthly Payments Following Mortgage-Rate Decline

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly half (48%) of all U.S. listings have lingered on the market for at least 60 days, the highest share for any August since 2019, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That share was up from 43.2% a year ago and marked the fifth straight month in which the share of homes sitting for at least 60 days posted an annual increase. The sluggish summer market continued to drag its heels in August.

Half of All Home Listings Have Gone Extra Stale, Unsold After 60 Days on Market

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. homebuyers need to earn an annual income of $115,454 to afford the median priced home ($433,101), according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down 1.4% year over year—the first annual decline since June 2020, when mortgage rates set a new record low. The income needed to afford a home fell because mortgage rates posted their first annual decline in three years. The average interest rate.

Redfin Reports Buying a Home Just Got More Affordable for the First Time Since 2020

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical renter household in a swing state earns an estimated $50,267 per year—$10,365 less than the $60,633 a renter must earn to afford rent for the median priced apartment in a swing state. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In other words, the typical swing state renter household earns 17.1% less than they need to afford the typical apartment. That's a sizable shortfall, but i.

Redfin Reports the Typical Swing State Renter Earns 17% Less Than Needed to Afford a Typical Apartment—An Improvement From the Last Presidential Election

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. housing payment was $2,534 during the four weeks ending September 15, down 2.7% from a year earlier–the biggest decline since May 2020, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Monthly payments are falling because mortgage rates dropped to their lowest level in 20 months in the lead-up to the Fed's first interest-rate cut since 2020. Mortgage applications are rising, but pending s.

Redfin Reports Housing Payments Post Biggest Decline in 4 Years Ahead of Fed's Historic Rate Cut, Which Could Lure Buyers Off the Sidelines

The Federal Reserve's long-awaited interest rate decision came in with the  first cut in four years ; 50 basis points.

2 Cheap Stocks That Could Benefit From Lower Rates

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Sales of existing homes fell 1% month over month and 3.1% year over year in August to a seasonally adjusted annual rate of 4,042,369, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. Pending sales—a more current gauge of housing market activity that include.

Existing Home Sales, Pending Sales Fall to Lowest Level Since Pandemic Start as House Hunters Wait for Mortgage Rates to Drop Further

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —U.S. home prices grew 0.5% in August on a seasonally adjusted basis, the largest month-over-month increase since April, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, home prices rose 6.7%, the lowest annual increase since January. Home prices continue to rise in part because there aren't enough homes for sale. Housing supply is up 16.7% from a year ago, but is still down almo.

Redfin Reports U.S. Home Prices Rose 0.5% in August, the Biggest Increase in 4 Months

The U.S. 30-year fixed mortgage rate declined from 7.79% to 6.2% over the past year. The Federal Reserve could slash the federal funds rate by 125 basis points before the end of 2024.

Interest Rates Are Falling: 1 Super Stock to Buy Hand Over Fist Right Now

Redfin (RDFN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Redfin (RDFN) Surges 25.7%: Is This an Indication of Further Gains?

Compass

Zillow

ZipRecruiter

Redfin (RDFN) stock price has gone parabolic since I wrote about it in August. It soared to a high of $14.5 on Friday, its highest level since August 2023 and 200% above its lowest level this year.

Here's why the Redfin, Compass, and Zillow stocks are rising

Redfin has struggled due to high interest rates, which have put a damper on housing activity. In recent years, the real estate company has undergone changes to become more efficient and capitalize on the next housing market uptrend.

News for Redfin Stock (RDFN)