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.

Redfin (RDFN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Redfin (RDFN) Upgraded to Buy: Here's What You Should Know

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. so far this year, down nearly 30% from an average of 18 during the same periods in 2021-2023. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The report is based on a Redfin analysis of U.S. Census Bureau data covering building permits for multifamily units in buildings with five or more units d.

Redfin Reports Permits to Build U.S. Apartments Have Dropped Nearly 30% Since the Pandemic

NEW YORK--(BUSINESS WIRE)--Intenseye, the leader in AI-powered workplace safety software, has introduced product enhancements that further empower safety and operations leaders to proactively measure safety performance, optimize resource allocation, and prevent incidents at scale. The company's new Leading Indicators module, featuring a first-of-its-kind Global View, provides real-time visibility into actionable safety metrics across facilities enterprise-wide. The offering reaffirms Intenseye.

Intenseye's Latest AI-Powered Innovations Set New Benchmark for Workplace Safety Management at Scale

CLEVELAND--(BUSINESS WIRE)--The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted decrease of 0.08% in June, a month that typically sees positive hiring momentum due to seasonal trends. The CBIZ SBEI tracks payroll and hiring trends for over 2,900 companies that have 300 or fewer employees, providing broad insight into small business trends. The Bureau of Labor Statistics' employment report indicated hiring growth that met expectations. The June reading showed an over.

Small Business Hiring in June Reveals a Flat Reading

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7 Stocks to Sell ASAP Before They File for Bankruptcy

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One of the best ways to spot smaller opportunities is by tracking small-cap stocks with insider buying. After all, if the company's Chief Executive Officer, Chief Financial Officer, board member, or director is buying, it's a good idea to start looking into why.

3 Small-Cap Stocks Insiders Are Buying Hand Over Fist

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Pending home sales posted their biggest decline since February during the four weeks ending June 30, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median sale price rose 5% from a year ago, hitting an all-time high. New listings jumped 10%. Redfin issued a shortened report due to the Fourth of July holiday; full data is provided below: For Redfin economists' takes on the housing market, please vis.

Redfin Reports U.S. Home Prices Hit New All-Time High, Pushing Pending Sales Down 5%

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Less than half (47%) of newly constructed apartments that were completed in the fourth quarter were rented within three months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 60% a year earlier and is the lowest seasonally-adjusted share on record aside from the first quarter of 2020, when the onset of the pandemic brought the housing market to a halt. New apartments are taking longer.

Redfin Reports Newly Built Apartments Are Filling Up at the Slowest Pace Since 2020

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The typical Black household can afford a starter home in just 10 of the 50 most populous U.S. metros, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The typical white family can afford a starter home in 32 of those metros, over three times more. This is using the rule of thumb that a household should spend no more than 30% of their income on monthly housing costs. Redfin uses the words “household” and “.

Starter Homes Are Affordable to the Typical Black Family in Just 10 Major U.S. Metros

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. home that sold during the four weeks ending June 23 sold for 0.3% less than its asking price, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This marks the first time the typical home has sold under list price this time of year since the onset of the pandemic in 2020, when the housing market nearly ground to a halt. The typical home sold for exactly its list price one year ago, and rou.

Redfin Reports the Typical Home Is Selling for Less Than List Price, the First Time That Has Happened in Late Spring Since Start of Pandemic

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate company, today launched several enhancements to Redfin Redesign, its AI-powered home design tool. Previously available on select home listings, any homeowner can now upload a photo of their home and use Redfin Redesign to see how it would look with different design and decor choices. Powered by Roomvo (roomvo.com), a leading room visualization platform, Redfin Redesign can now be used by both.

Homeowners Can Now Use Redfin to Redesign Their Home Photos

The Consumer Price Index (CPI) hit a 40-year high in June 2022. The Federal Reserve aggressively hiked interest rates to tame inflation, which put the brakes on real estate sales.

1 Super Stock Down 93% to Buy Before the Fed Cuts Interest Rates

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The typical U.S. renter household earns an estimated $54,712 per year, 17.3% less ($11,408 in dollar terms) than the $66,120 needed to afford monthly rent for the median-priced U.S. apartment ($1,653). That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Only 39% of renters make enough to afford the median-priced apartment. The amount renters must earn to afford the median-priced apartment is at the hi.

Redfin Reports Only 39% of Renters Make Enough Money to Afford the Median-Priced Apartment

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Pending home sales fell 3.8%, the biggest year-over-year decline in nearly four months, during the four weeks ending June 16. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Buyers are shying away from earlier steps in the house-hunting process, too: Redfin's Homebuyer Demand Index, a measure of requests for tours and other buying services from Redfin agents, declined 17% year over year to its lo.

Redfin Reports Home Prices Hit New High, But Buyers Gain Power as Stale Listings Pile Up and Price Drops Become More Common

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than four in five (86%) luxury homebuyers rank double vanities as must-haves when searching for a home, making them the most asked-for kitchen and bathroom features among high-end buyers this year. Next come kitchen islands and granite or quartz countertops, with 85% of luxury buyers asking their agents for each of them, followed closely by walk-in pantries (83%). This is according to a survey commissioned by Redfin, the technology-powered real es.

What Luxury Homebuyers Want: Double Vanities, Kitchen Islands Are the Most Sought-After Amenities, According to a Redfin Agent Survey

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices rose 0.3% month over month in May—the smallest increase on a seasonally adjusted basis since January 2023, per a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices climbed 7.2% from a year earlier, but annual growth showed signs of plateauing. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of si.

U.S. Home Prices Are Rising at the Slowest Pace in Nearly a Year and a Half

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Home sales fell 1.7% month over month in May on a seasonally adjusted basis and dropped 2.9% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. There have been just two months in the past decade with fewer home sales: October 2023, when mortgage rates jumped to a 23-year high, and May 2020, when the onset of the pandemic brought the housing market to a halt and home sales to a record l.

Redfin Reports Homes Sales Fell to One of the Lowest Levels on Record in May

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) Moves 5.3% Higher: Will This Strength Last?

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. home-sale price hit an all-time high of $394,000 during the four weeks ending June 9, up 4.4% year over year—the biggest increase in about three months. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. There are signs that home-price growth could ease soon. Asking prices have leveled off, and 6.5% of home sellers are cutting their asking price, on average, the highest share since N.

Redfin Reports U.S. Home Prices Hit Another Record High, But Mortgage Rates Are Starting to Decline—Which Could Give Buyers Relief

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than three in five (61.9%) homes that were on the market in May had been listed for at least 30 days without going under contract, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 60% one year earlier and roughly 50% two years earlier. The share of homes sitting on the market for at least one month has been increasing year over year since March, when growth in new listings accelerated.

More Than 3 in 5 Home Listings Are Now ‘Stale' As Record-High Costs Dampen Demand

Home prices will fall this summer as owners cave to selling pressure, according to Redfin's CEO. The real estate brokerage is anticipating a 1% price drop by the end of the year.

Home prices will go down this summer as sellers can't postpone listing any longer, Redfin CEO says

ATLANTA--(BUSINESS WIRE)--(NASDAQ: RDFN) — Rent., a leading marketing platform for the multifamily rental industry, today announced that Damon Joshua has joined the company as President. With more than 25 years of sales leadership experience and a strong track record of driving revenue growth, Damon will bring his strategic vision to guide Rent.'s roadmap as it continues to meet the needs of the rapidly changing multifamily industry. He will direct Rent.'s overall strategy and operations and gr.

Damon Joshua Joins Rent. as President

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The median U.S. asking rent rose 0.8% year over year in May to $1,653 — the highest level since October 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the second consecutive increase (rents climbed 0.9% year over year in April) following 11 months of decreases. Rents rose 0.5% on a month-over-month basis. Apartment prices are closely tied to apartment supply. Multifamily construction surged.

Redfin Reports U.S. Asking Rents Ticked Up for Second Straight Month in May, Hitting Highest Level Since 2022

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Housing markets in western Florida are cooling faster than anywhere else in the country as natural disasters intensify, new construction soars and the pandemic-era homebuying demand boom fades further into the rearview mirror. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. North Port's housing market is cooling fastest, followed by Tampa and Cape Coral. There are three other Florida metros on th.

News for Redfin Stock (RDFN)