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

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

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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) — Roughly one in five (21%) U.S. homes for sale in 2022 was affordable for the typical household, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from two in five (40%) in 2021 and the lowest share on record. A listing is considered affordable if the estimated monthly mortgage payment is no more than 30% of the local county's median income.

Redfin Reports There Were Half as Many Affordable Homes for Sale in 2022 as There Were in 2021

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — U.S. home-sale prices have fallen from a year earlier for the first time in more than a decade, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The milestone comes as 7% mortgage rates sideline buyers, and sellers are forced to lower their asking price to accommodate high rates. The typical U.S. home sold for $350,246 during the four weeks ending February 26, down 0.

Redfin Reports Home Prices Fall Annually For First Time in a Decade As Mortgage Rates Pass 7%

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High inflation, rising mortgage rates and tighter Fed policy all "dampen the prospect of home prices avoiding a decline," Redfin's deputy chief economist told Insider.

The US housing slump will deepen as interest rates keep rising – but it's safe to rule out a 2008-style crash, say Zillow and Redfin analysts

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. homeowner has spent 12.3 years in their home, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from the peak of 13.4 years hit in 2020 and 12.9 years in 2021. But the typical American is still living in their home much longer than before, with median homeowner tenure sitting at about 10 years in 2012 and 6.5 years in 2005.

Redfin Reports The Typical U.S. Home Changes Hands Every 12 Years, Down From 2020 Peak

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —A record one-quarter (24.9%) of Redfin.com users nationwide looked to move to a different metro area in January as remote work and elevated housing costs drove homebuyers to relocate. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The share of relocating homebuyers is up from 24.5% in the fourth quarter, 22.8% a year ago and roughly 18% before the pandemic.

Redfin Reports Miami Is the Most Popular Metro For Relocators, With Homebuyers Drawn to Comparatively Low Costs

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending home sales rose 0.5% from a month earlier in January on a seasonally-adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That compares with December's revised month-over-month increase of 1.4%, which was the first gain in 14 months. Pending sales fell from a year earlier, but the decline eased for the second month in a row—to 29.4% in January from 32.5% in December and a record 35.

Market Recovery Hampered by High Housing Costs, Low Supply in January

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. home-sale price was $348,000 during the four weeks ending February 19, essentially unchanged (+0.1%) year over year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the first time since at least 2015, when the data for this report begins, the typical home isn't selling for more than it would have a year earlier.

Redfin Reports Sale Prices Flatten, Demand for Mortgages Falls as Mortgage Rates Climb

The real estate sector could be among the biggest winners if inflation and interest rates hit reverse gear in 2023.

A Bull Market Is Coming: 1 Growth Stock Down 91% You Could Regret Not Buying on the Dip

Redfin Corp. RDFN, -0.95% said Wednesday the total value of homes in the U.S. totaled $45.3 trillion at the end of 2022, which is down about $2.3 trillion, or 4.9%, from the June 2022 peak of $47.7 trillion. That marked the biggest decline for any June-to-December period since the 2008, during the financial crisis, the real estate services company said.

U.S. home values declined by $2.3 trillion in 2nd-half of 2022, Redfin says

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The total value of U.S. homes was $45.3 trillion at the end of 2022, down 4.9% ($2.3 trillion) from a record high of $47.7 trillion in June, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the largest June-to-December drop in percentage terms since 2008. While the total value of U.S. homes was up 6.

Redfin Reports U.S. Homeowners Have Lost $2.3 Trillion in Value Since June Peak

The latest financial reports from Zillow Group and Redfin demonstrate ongoing wariness within the U.

Redfin and Zillow Group financial reports reveal broader housing market trends

Redfin's CEO says the real-estate listings company has lowered expenses and increased its online traffic.

Redfin Is Upbeat About This Year. So Is Wall Street.

Shares of Redfin Corp. sold off Friday, after the real estate services company's outlook for first-quarter losses was wider than what Wall Street expected, and said the housing market recovery has stalled as mortgage rates have climbed.

Redfin stock price targets doubled by these analysts, but they're still not bullish

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Some homebuyers are retreating back to the sidelines as mortgage rates ascend toward 7%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin's Homebuyer Demand Index—a measure of requests for tours and other services from Redfin agents—fell 1% from a week ago, the first decline after a month of increases, and mortgage-purchase applications dropped 6%.

Redfin Reports Housing Market Recovery Stalls As Mortgage Rates Jump

Redfin Corporation (NASDAQ:RDFN ) Q4 2022 Results Conference Call February 16, 2023 4:30 PM ET Company Participants Meg Nunnally - Head of IR Glenn Kelman - President, CEO and Director Chris Nielsen - CFO Conference Call Participants Ryan McKeveny - Zelman & Associates Tom White - D.A. Davidson Ygal Arounian - Citigroup John Campbell - Stephens Michael Ng - Goldman Sachs Jay McCanless - Wedbush Chris Suchecki - Jefferies Operator Greetings, and welcome to the Redfin Corporation Fourth Quarter 2022 Earnings Conference Call.

Redfin Corporation (RDFN) Q4 2022 Earnings Call Transcript

Redfin (RDFN) delivered earnings and revenue surprises of 26.55% and 7.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Redfin (RDFN) Reports Q4 Loss, Tops Revenue Estimates

Redfin's revenue fell 25% in the fourth quarter amid a housing market slowdown that has hampered its growth over the last year.

Redfin Q4 revenue drops 25% to $479M as company winds down home-flipping business

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Fourth quarter revenue was $479.7 million, a decrease of 25% compared to the fourth quarter of 2021. Gross profit was $37.4 million, a decrease of 65% year-over-year. Real estate services gross profit was $26.

Redfin Reports Fourth Quarter and Full Year 2022 Financial Results

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly one-third (31.2%) of U.S. home purchases were paid for with all cash in December, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 28.8% a year earlier but down from the eight-year high of 31.9% hit in November. The share of homes bought with cash remains elevated above pre-pandemic levels because mortgage rates are high, averaging 6.36% in December.

Redfin Reports Share of Homes Bought With Cash Ticks Down From November Peak

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Investor purchases of U.S. homes fell a record 45.8% year over year in the fourth quarter as the high cost of borrowing money and the prospect of substantial home-price declines made real estate investing less attractive. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The second biggest decline occurred in 2008, when investor purchases slumped 45.1% during the subprime mortgage crisis. Overall U.

Redfin Reports Investors Are Buying Roughly Half as Many Homes as They Were a Year Ago

Redfin's collapse has pushed its valuation to its lowest level since it went public in 2017. Stock market angst over the direction of US housing will persist this year with the Fed funds rate set for further hikes.

Redfin: Price Collapse Has Not Gone Far Enough For Bears

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 2.4% year over year to $1,942 in January—the smallest increase since May 2021 and the lowest level in nearly a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's roughly one-sixth the pace of January 2022, when rents were up 15.6% from a year earlier. January marked the eighth straight month in which annual rent growth slowed. Rents fell 1.

Redfin Reports Rents Rose 2% in January—the Smallest Increase in 20 Months

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Homebuyer demand continues to increase from its fall low point despite mortgage rates ticking up this week, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Seller activity is also picking up. Pending home sales posted their smallest decline since September during the four weeks ending February 5, falling 20% from a year earlier, and mortgage-purchase applications rose 3% from a week earlier.

Redfin Reports More Buyers Step Onto the Field, Luring Some Sellers Off the Sidelines

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