See more : GoHealth, Inc. (GOCO) 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 |
Just 2.5% of U.S. Homes Changed Hands This Year, The Lowest Rate in Decades
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just 25 out of every 1,000 U.S. homes changed hands in the first eight months of 2024, the lowest turnover rate in decades, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage....
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Redfin Reports Asking Rents for New Apartments Drop 6% to Lowest Level Since 2022, as Finished Buildings Soar
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Asking rents for newly constructed apartments fell to $1,746 in the second quarter, down 6.2% from a year earlier to the lowest level in more than two years. That's according to a new report from...
Redfin Reports Buyers Are Coming Back: Mortgage Demand Shoots Up, Home Tours Hit Highest Level Since May
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers locked in nearly 70% more mortgages than they did a month earlier on September 23, according to a new report from Redfin, the technology-powered real estate brokerage. The report analyzes mortgage rate-lock data from Optimal...
This Rate-Cut Winner Is Already Up 115% in 3 Months. Is It Just Getting Started?
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Redfin Reports Bay Area Homebuyers Stand to Save Thousands on Monthly Payments Following Mortgage-Rate Decline
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The typical San Jose, CA homebuyer's monthly housing payment has fallen more than $2,000 from its springtime peak, landing at $9,398 in mid-September. That's according to a new report from Redfin (redfin.com), the technology-powered real estate...
Redfin Reports the Typical Swing State Renter Earns 17% Less Than Needed to Afford a Typical Apartment—An Improvement From the Last Presidential Election
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical renter household in a swing state earns an estimated $50,267 per year—$10,365 less than the $60,633 a renter must earn to afford rent for the median priced apartment in a swing state. That's...
Redfin Reports Housing Payments Post Biggest Decline in 4 Years Ahead of Fed's Historic Rate Cut, Which Could Lure Buyers Off the Sidelines
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. housing payment was $2,534 during the four weeks ending September 15, down 2.7% from a year earlier–the biggest decline since May 2020, according to a new report from Redfin (redfin.com), the technology-powered real...
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The Federal Reserve's long-awaited interest rate decision came in with the first cut in four years ; 50 basis points.
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Category: Stock Reports