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.

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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

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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.

Redfin laid off employees on Wednesday, GeekWire has learned.

Redfin layoffs impact real estate company's Concierge service

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — In Tampa, FL, the median monthly homeowners association (HOA) fee jumped 17.2% year over year during the three months ending July 31, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the steepest increase among the 43 U.S. metropolitan areas Redfin analyzed, and compares with a median increase of 5.7% across those metros. Next came two other Florida metros: Orlando (16.7%) and Fort Lauderdale (16.

Redfin Reports Condo HOA Fees Surge in Florida Amid Insurance Crisis

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. monthly mortgage payment was $2,587 during the four weeks ending August 18, its lowest level since February and down 0.1% from a year earlier. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's a tiny drop, but it marks the first time in four years monthly payments have posted any decline at all. Housing payments are falling because mortgage rates are falling; weekly average m.

Redfin Reports House Hunters Are Back As Monthly Mortgage Payments Post First Annual Decline Since 2020

Kohl's

Kohls Corp (NYSE:KSS) and Redfin Corp (NASDAQ:RDFN) are both seeing unusual options activity today.

2 Stocks Attracting Unusual Options Activity

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices ticked up 0.2% for the second-consecutive month in July, on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's equal to the smallest month over month increase since January 2023. On a year-over-year basis, home prices rose 6.8% in July, down from 7.3% in June and the lowest annual increase recorded since January. This is according to the Redfin Home Pric.

Redfin Reports U.S. Home Prices Tick Up 0.2% for the Second Month in a Row

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Sales of existing homes rose 0.6% month over month in July, but fell 2% year over year—to a seasonally adjusted annual rate of 4,094,991. That's the lowest July level in records dating back to 2012. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Pending sales—a more current gauge of demand that includes both existing and newly-constructed homes—fell to the lowest level of any month on record asi.

Redfin Reports Existing Home Sales Rose 0.6% Last Month, But Were At the Lowest July Level on Record

SoFi Technologies

Lower rates could kick-start the slow real estate market, boosting companies like Redfin. With a deposit base that has grown rapidly, SoFi could be a big winner of lower funding costs.

Prediction: When the Federal Reserve Starts Cutting Rates, These 2 Stocks Will Be Massive Winners

Redfin Corporation (NASDAQ: RDFN) stock has gone through a rough patch in the past few years as concerns about the real estate industry have continued. It has dropped from a high of $98.22 in 2021 to $7.26.

Redfin stock price is facing multiple headwinds: what next?

Redfin's real estate businesses have struggled since 2022 because of rising interest rates. The company continues to deliver modest growth because it's taking market share in its brokering segment.

1 Super Stock Down 92% to Buy Hand Over Fist Before September

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one in 10 (8.5%) U.S. homes are worth $1 million or more, the highest share of all time, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 7.6% a year ago and more than double the 4% share before the pandemic. The share of U.S. homes worth $1 million or more is at a record high because home prices are at a record high; the median sale price nationwide was up 4% year over year in June.

Redfin Reports a Record 8.5% of U.S. Homes Are Worth $1 Million or More

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Investor purchases of U.S. homes rose 3.4% year over year in the second quarter—the largest increase since the second quarter of 2022. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Investors purchased $43 billion worth of homes in the second quarter, up 13.7% from a year earlier—also the biggest gain in two years. Investor activity in the housing market is stabilizing following several years o.

Redfin Reports Investor Home Purchases Post Biggest Increase in Two Years

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical buyer's housing payment was $2,588 during the four weeks ending August 11, nearly $250 below April's all-time high and up just 1% year over year–the smallest increase in five years. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. There are also a few other encouraging signs for today's buyers: The total number of homes for sale is up nearly 20% year over year, and a growing share of i.

The Typical U.S. Housing Payment Has Fallen to Lowest Level in 6 Months. That Has Led to More Buyer Interest, But Not More Sales.

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The average teacher can afford 47.9% of apartments for rent within commuting distance of their school, up from 40.7% in 2023, thanks to a modest increase in teacher salaries combined with flattening asking rents. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Still, rental affordability for teachers remains below pre-pandemic levels; in 2019, the average teacher could afford 58% of apartments wit.

Redfin Reports The Typical Teacher Can Afford 48% of Apartments Near Their School–Up from 41% Last Year. But They Can Afford Just 14% of Homes for Sale

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median asking rent fell across all bedroom counts in July year over year, the first time that's occurred since June 2020. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Median asking rents for 0-1 bedroom apartments fell 0.1% (to $1,498 a month), 2 bedroom apartments fell 0.3% (to $1,730) and 3+ bedroom apartments fell 2.4% (to $2,010). All three categories are down at least $50 from all-time.

Redfin Reports Asking Rents Fall Across All Bedroom Counts for First Time in 4 Years

He really said that: When asked about the company's “Plan B” if mortgage rates don't fall, Redfin CEO Glenn Kelman responded, “Plan B is to drink our own urine or our competitors' blood, stay in the foxhole.”

Redfin CEO promises to ‘drink our own urine' if mortgage rates don't fall

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The total value of U.S homes gained $3.1 trillion over the past 12 months to reach a record $49.6 trillion, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In percentage terms, the total value of the U.S. housing market grew 6.6% year over year. Zooming out further, the total value of U.S. homes has more than doubled in the past decade, climbing nearly 120% from $22.7 trillion in June 2014. “The value o.

U.S. Housing Market Nears $50 Trillion in Value as Number of Trillion-Dollar Metros Doubles

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Mortgage rates dropped to their lowest level since April 2023 early this week, falling to a daily average of 6.34% on August 5, according to a new report from Redfin, the technology-powered real estate brokerage. Rates fell after a weaker-than-expected jobs report stoked recession fears; they have since ticked up, but they're still near the lowest level in over a year. Home prices are also falling from their peak: The median sale price was $389,750 dur.

Redfin Reports Mortgage Rates Drop to Lowest Level in Over a Year, Prompting Some House Hunters to Ramp Up Touring

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).

News for Redfin Stock (RDFN)