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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 |
Redfin: Trapped In Bad Conditions
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...
Redfin Corporation (RDFN) Q2 2024 Earnings Call Transcript
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...
Redfin (RDFN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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) Reports Q2 Loss, Tops Revenue 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 CEO says housing market is in a 'funk' as homebuyers weigh election uncertainty
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Despite Fast-paced Momentum, Redfin (RDFN) Is Still a Bargain Stock
Redfin (RDFN) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Redfin Reports Typical Monthly Housing Payment Drops to $115 Below Record As Mortgage Rates Decline, But House Hunters Are Still Waiting on the Sidelines
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. homebuyer's monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April's all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage....
This Unstoppable Stock Is Up 41% in July, but It's Not Too Late to Buy
Wall Street predicts the Federal Reserve will lower interest rates three times before the end of 2024. That expectation has driven a surge in shares of real estate technology company Redfin this month.
Redfin (RDFN) Soars 7.7%: Is Further Upside Left in the Stock?
Redfin (RDFN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Falling Mortgage Rates, Rising Supply Create Opportunity for Homebuyers This Summer, Even Amid Record-High Prices
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A homebuyer on a $3,000 monthly budget can afford a $447,750 home with a 6.85% mortgage rate, the daily average as of July 11, according to a new report from Redfin (redfin.com), the technology-powered real estate...
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