RDFN Stock - Redfin Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.04B | $976.67M | $2.28B | $1.92B | $886.09M |
| Gross Profit | $364.20M | $329.82M | $286.05M | $403.82M | $232.11M |
| Gross Margin | 34.9% | 33.8% | 12.5% | 21.0% | 26.2% |
| Operating Income | $-155,255,000 | $-210,120,000 | $-322,861,000 | $-109,953,000 | $792,000 |
| Net Income | $-164,801,000 | $-130,026,000 | $-321,143,000 | $-109,613,000 | $-36,124,000 |
| Net Margin | -15.8% | -13.3% | -14.1% | -5.7% | -4.1% |
| EPS | $-1.36 | $-1.16 | $-2.98 | $-1.05 | $-0.37 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 18th 2024 | Goldman | Downgrade | Sell | $6.5← $6 |
| September 3rd 2024 | B. Riley Securities | Upgrade | Buy | $13← $7.5 |
| May 8th 2024 | Stephens | Upgrade | Overweight | $9← $8 |
| February 29th 2024 | Gordon Haskett | Downgrade | Underperform | $5.5 |
| December 8th 2023 | B. Riley Securities | Initiation | Neutral | $8 |
| September 28th 2023 | DA Davidson | Upgrade | Neutral | $8← $8.5 |
| September 26th 2023 | Gordon Haskett | Upgrade | Hold | $7← $8 |
| August 15th 2023 | Oppenheimer | Upgrade | Perform | - |
| July 19th 2023 | Gordon Haskett | Downgrade | Underperform | $10.5 |
| July 12th 2023 | DA Davidson | Downgrade | Underperform | $10 |
| May 5th 2023 | Compass Point | Upgrade | Neutral | $7 |
| April 18th 2023 | Gordon Haskett | Initiation | Hold | - |
| February 27th 2023 | JP Morgan | Initiation | Neutral | $8 |
| December 21st 2022 | Truist | Downgrade | Hold | $5.5← $10 |
| December 13th 2022 | Citigroup | Initiation | Neutral | $5 |
Earnings History & Surprises
RDFNEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q3 2025 | Aug 5, 2025 | $-0.17 | $-0.23 | -35.3% | ✗ MISS |
Q2 2025 | May 6, 2025 | $-0.69 | $-0.73 | -5.8% | ✗ MISS |
Q1 2025 | Feb 27, 2025 | $-0.23 | $-0.29 | -26.1% | ✗ MISS |
Q4 2024 | Nov 7, 2024 | $-0.20 | $-0.28 | -40.0% | ✗ MISS |
Q3 2024 | Aug 6, 2024 | $-0.27 | $-0.23 | +14.8% | ✓ BEAT |
Q2 2024 | May 7, 2024 | $-0.58 | $-0.57 | +1.7% | ✓ BEAT |
Q1 2024 | Feb 27, 2024 | $-0.21 | $-0.20 | +4.8% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $-0.20 | $-0.17 | +15.0% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $-0.32 | $-0.25 | +21.9% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $-1.01 | $-0.93 | +7.9% | ✓ BEAT |
Q1 2023 | Feb 16, 2023 | $-1.13 | $-0.83 | +26.5% | ✓ BEAT |
Q4 2022 | Nov 9, 2022 | $-0.85 | $-0.83 | +2.4% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $-0.60 | $-0.73 | -21.7% | ✗ MISS |
Q2 2022 | May 5, 2022 | $-1.09 | $-0.82 | +24.8% | ✓ BEAT |
Q1 2022 | Feb 17, 2022 | $-0.32 | $-0.27 | +15.6% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $-0.19 | $-0.20 | -5.3% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $-0.34 | $-0.29 | +14.7% | ✓ BEAT |
Q2 2021 | May 5, 2021 | $-0.33 | $-0.37 | -12.1% | ✗ MISS |
Q1 2021 | Feb 24, 2021 | $0.04 | $0.11 | +148.9% | ✓ BEAT |
Q4 2020 | Nov 5, 2020 | $0.25 | $0.30 | +20.0% | ✓ BEAT |
Latest News
Attorney General James Sues Zillow And Redfin For Illegal Scheme To Stop Competing For Apartment Advertisements; Zillow Paid Redfin $100M To Shut Down Apartment Advertising Business; Companies' Agreements Could Leave Renters And Property Owners With Fewer Choices For Finding And Listing Apartments
📉 NegativeRocket Companies shares are trading lower. The stock fell after the FTC sued Zillow and Redfin over an alleged illegal agreement to suppress rental advertising competition.
📉 NegativeFTC Sues Zillow And Redfin Over Illegal Agreement To Suppress Rental Advertising Competition
📉 NegativeZillow and Redfin shares are trading lower after the FTC sued the companies over an alleged illegal agreement to suppress rental advertising competition.
📉 NegativeRedfin GAAP EPS of -$0.73 misses by $0.03, revenue of $221.03M in-line
📉 NegativeFrequently Asked Questions about RDFN
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