See more : Canada Carbon Inc. (BRUZF) Income Statement Analysis – Financial Results
Complete financial analysis of Redfin Corporation (RDFN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Redfin Corporation, a leading company in the Real Estate – Services industry within the Real Estate sector.
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Redfin Corporation (RDFN)
About Redfin Corporation
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells homes. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 976.67M | 2.28B | 1.92B | 886.09M | 779.80M | 486.92M | 370.04M | 267.20M | 187.34M | 125.36M |
| Cost of Revenue | 646.85M | 2.00B | 1.52B | 653.98M | 635.69M | 367.50M | 258.22M | 184.45M | 138.49M | 93.27M |
| Gross Profit | 329.82M | 286.05M | 403.82M | 232.11M | 144.10M | 119.42M | 111.82M | 82.74M | 48.85M | 32.09M |
| Gross Profit Ratio | 33.77% | 12.52% | 21.00% | 26.19% | 18.48% | 24.53% | 30.22% | 30.97% | 26.07% | 25.60% |
| Research & Development | 183.29M | 196.25M | 156.72M | 84.30M | 69.77M | 53.80M | 42.53M | 34.59M | 27.84M | 17.88M |
| General & Administrative | 238.79M | 254.59M | 218.32M | 92.14M | 76.87M | 65.50M | 53.01M | 42.37M | 31.39M | 24.24M |
| Selling & Marketing | 117.86M | 158.07M | 138.74M | 54.88M | 76.71M | 44.06M | 32.25M | 28.57M | 19.90M | 15.06M |
| SG&A | 356.65M | 412.66M | 357.06M | 147.02M | 153.58M | 109.56M | 85.26M | 70.94M | 51.29M | 39.30M |
| Other Expenses | 0.00 | -3.77M | 5.36M | -1.90M | 223.00K | 221.00K | 88.00K | 85.00K | 7.00K | 24.00K |
| Operating Expenses | 539.94M | 608.91M | 513.77M | 231.32M | 223.35M | 163.36M | 127.79M | 105.53M | 79.14M | 57.17M |
| Cost & Expenses | 1.19B | 2.61B | 2.03B | 885.30M | 859.04M | 530.85M | 386.01M | 289.98M | 217.63M | 150.45M |
| Interest Income | 10.53M | 6.64M | 635.00K | 2.07M | 7.15M | 5.42M | 882.00K | 173.00K | 46.00K | 23.00K |
| Interest Expense | 9.52M | 17.75M | 11.76M | 19.50M | 8.93M | 3.68M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 62.76M | 1.37B | 2.02B | 877.44M | 859.04M | 534.53M | 386.01M | 289.98M | 4.40M | 2.67M |
| EBITDA | -53.04M | -175.89M | -42.93M | 21.87M | -62.65M | -35.47M | -8.80M | -16.49M | -25.89M | -22.41M |
| EBITDA Ratio | -5.43% | -11.17% | -2.97% | 1.75% | -8.03% | -6.13% | -2.38% | -6.17% | -13.82% | -17.88% |
| Operating Income | -210.12M | -322.86M | -109.95M | 792.00K | -79.25M | -43.93M | -15.97M | -22.78M | -30.29M | -25.08M |
| Operating Income Ratio | -21.51% | -14.13% | -5.72% | 0.09% | -10.16% | -9.02% | -4.32% | -8.53% | -16.17% | -20.01% |
| Total Other Income/Expenses | 84.71M | 16.39M | -13.78M | -19.32M | -1.56M | 1.96M | 970.00K | 258.00K | 53.00K | 47.00K |
| Income Before Tax | -125.41M | -321.02M | -115.72M | -18.53M | -80.81M | -41.98M | -15.00M | -22.53M | -30.24M | -25.04M |
| Income Before Tax Ratio | -12.84% | -14.05% | -6.02% | -2.09% | -10.36% | -8.62% | -4.05% | -8.43% | -16.14% | -19.97% |
| Income Tax Expense | 979.00K | 126.00K | -6.11M | 17.60M | 9.15M | 5.33M | -882.00K | -173.00K | -46.00K | -23.00K |
| Net Income | -130.03M | -321.14M | -109.61M | -36.12M | -89.96M | -41.98M | -15.00M | -22.53M | -30.24M | -25.04M |
| Net Income Ratio | -13.31% | -14.06% | -5.70% | -4.08% | -11.54% | -8.62% | -4.05% | -8.43% | -16.14% | -19.97% |
| EPS | -1.16 | -2.98 | -1.05 | -0.37 | -0.98 | -0.49 | -0.35 | -0.32 | -0.43 | -0.36 |
| EPS Diluted | -1.16 | -2.98 | -1.05 | -0.37 | -0.98 | -0.49 | -0.35 | -0.32 | -0.43 | -0.36 |
| Weighted Avg Shares Out | 113.15M | 107.93M | 104.68M | 98.57M | 91.58M | 85.67M | 42.72M | 70.19M | 70.19M | 69.82M |
| Weighted Avg Shares Out (Dil) | 113.15M | 107.93M | 104.68M | 98.57M | 91.58M | 85.67M | 42.72M | 70.19M | 70.19M | 69.82M |
Fed cut had 'psychological impact' on real estate: Redfin CEO
US pending home sales surged 2.5% in September, marking the largest monthly increase in over a year and a half, according to a Redfin report. Redfin (RDFN) CEO Glenn Kelman joins Wealth!
Pending Home Sales Jumped 2.5% in September, the Biggest Monthly Increase in Over a Year and a Half
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending home sales jumped 2.5% month over month in September on a seasonally adjusted basis, the largest increase since January 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They rose...
Redfin Expands Free Rental Tools Nationwide
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate company, has expanded its rental listing tool nationwide. Homeowners, investors, property managers and agents anywhere in the U.S. can now list rental properties for free on Redfin, connect with interested...
Nearly 1 in 10 Gen Zers Who Plan to Move Soon Cite Abortion Access as a Reason: Redfin Survey
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Seven percent of Gen Zers who plan to move soon say one reason is to live in a place where abortion is legal and accessible, and one in 20 (5%) millennials say the same thing, according...
Redfin Reports Asking Rents Tick Up 0.6%, With East Coast and Midwest Metros Posting Biggest Increases
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),...
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)-- #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...
Redfin CEO on housing demand: 'Better days are ahead, but we're not out of the woods yet'
Glenn Kelman, Redfin CEO, discusses interest rates' impact on home sales and how inventory shortage could affect the market.
Redfin CEO: Inventory will be the gating factor for home sales in 2025
Glenn Kelman, Redfin CEO, joins 'Money Movers' to discuss Kelman's view of the housing market in September, the magic rate number that could get homebuyers back into the market, and what it'll take for more inventory to hit the market.
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Source: https://incomestatements.info
Category: Stock Reports