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

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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.

The CEO tells staff that Redfin has tied up hundreds of millions of dollars in houses that ‘you yourself wouldn't want to own right now.'

Redfin Shuts Home-Flipping Business, Lays Off 13% of Staff

Online real estate company Redfin announced that it's reducing its workforce again. This time, 862 employees will be laid off amid the uncertain economic environment.

Redfin to lay off 13% of staff, shutter home-flipping business

The latest round of layoffs come after Redfin announced 470 employees were departing the company back in June because homebuying demand was sinking.

Read the memo Redfin's CEO sent employees announcing that the company is laying off 862 people

The real-estate brokerage announced that market conditions were tough and that it was laying off more than 800 employees, in a company-wide memo on Wednesday.

‘The housing market will get smaller in 2023': Redfin lays off 13% of staff

Real-estate company Redfin is laying off a chunk of its staff, soon after the stock took a dive to record lows.

Redfin is shutting down its home-flipping business and laying off 13% of staff

Bed Bath & Beyond

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Kinross Gold

Penny stocks with unusual options activity right now. The post 4 Hot Penny Stocks With Unusual Options Activity, Time To Buy?

4 Hot Penny Stocks With Unusual Options Activity, Time To Buy?

Online real estate firm Redfin Corp. (NASDAQ: RDFN) has tremendous competition from larger companies, including Zillow, Realtor.com and Trulia.

Redfin Shares Drop Toward $1

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Twenty-nine percent of U.S. single-family homes for sale in the third quarter were new construction—the highest share of any third quarter on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

29% of Homes for Sale in Third Quarter Were New Construction—a Record High

Redfin has had its struggles, but investors shouldn't disregard this company completely.

Down 96%, This Stock Could Be Worth Buying if You Can Handle the Risk

Home Depot

loanDepot

Lowe's

Opendoor

Wells Fargo

Last week, home-selling platform Opendoor blamed "one of the most challenging real estate markets in 40 years" as it laid off 550 workers, and Wells Fargo is reportedly eyeing thousands of job cuts.

Housing Market Braces For Rising Layoffs ‘Soon' As Mortgage Lenders, Home Sellers Cut Thousands Of Jobs

Strong comments and a downgrade from an analyst caused Redfin's share price to plummet.

Why Redfin Stock Is Falling Hard Today

Shares of Redfin Corp. sank into record-low territory Monday after Oppenheimer' Jason Helfstein recommended investors sell, as he explained why he believed the real estate services company has a flawed business model.

Sell Redfin stock because business is ‘fundamentally flawed,' analyst says

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —One-third fewer homes went under contract in October than last year, the largest decline since at least 2015, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Demand Declines Ease as Mortgage Rates Steady Around 7%

Home Point Capital

Lennar

Rocket Companies, Inc.

Toll Brothers

Zillow

Perhaps the most debated topic of the new normal, the concept of real estate stocks to sell finally achieved mass-scale credibility. It all comes down to fundamental realities and it's better to not overthink it.

Hurry! 7 Pitiful Real Estate Stocks to Sell Before 2022 Ends

Investors are pessimistic about its prospects amid this tough housing market.

Why Redfin Stock Plunged 18% in October

AMC Entertainment

Himax Tech

Hyzon Motors

Ocugen, Inc.

Peloton

Vroom

Financial markets have been in turmoil for the better part of the past six months. The stock market has plunged to new lows as the Federal Reserve tightens the screws with rampant interest rate hikes.

Warning! Don't Even Consider Buying These 7 Dead-Money Stocks

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one-quarter (24.2%) of homebuyers nationwide looked to move to a different metro area in the third quarter, a record high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Homebuyers Are Looking to Move to Sacramento, Miami and Other Relatively Affordable Places as High Rates, Inflation Cut Into Budgets

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More residents moved into red and purple counties in states key to this year's Senate elections in 2021 than any year in the last decade, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Americans Flocked to Red and Purple Counties in Key Senate-Race States During the Pandemic

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —U.S. pending home sales fell 35% year over year during the four weeks ending October 23, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports Pending Home Sales Fall 35%, Largest Drop in at Least Seven Years

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Home sales and listings are pulling back even further this fall than they were over the summer as mortgage rates continue their upward march and widespread economic volatility leaves would-be homebuyers and sellers rethinking their plans.

Redfin Economists Share Advice for People Who Need to Move While Housing Costs Remain Near Record Highs

Investors seemed to believe that falling home prices could help the discount real estate brokerage.

Why Redfin Stock Gained Today

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than half (58%) of U.S. homeowners have invested in making their homes more resilient to climate threats, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Redfin Reports 58% of Homeowners Have Spent Money to Protect Their Homes From Climate Threats: Survey

D.R. Horton

Matterport

Ryder System

With borrowing costs likely to rise further, as the Federal Reserve attempts to control inflation, it's time for investors to consider real estate stocks to sell. I get it. Bearish topics don't appeal organically, as do bullish ones.

7 Real Estate Stocks to Sell Pronto Before a Painful Downturn

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) will release third-quarter 2022 results after the stock market closes on Wednesday, November 9, 2022.

Redfin to Announce Third-Quarter 2022 Results on November 9, 2022

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Pending home sales and new listings both saw their biggest year-over-year drops since the start of the pandemic, dipping to levels roughly on par with April 2020, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

News for Redfin Stock (RDFN)