Real Estate -
Real Estate - Services - NASDAQ - US
$ 11.24
3.88 %
$ 1.44 B
Market Cap
-7.39
P/E
1. INTRINSIC VALUE
Balance Sheet
Redfin Corporation
| Current Assets | 375 M |
| Cash & Short-Term Investments | 125 M |
| Receivables | 48.7 M |
| Other Current Assets | 202 M |
| Non-Current Assets | 637 M |
| Long-Term Investments | 0 |
| PP&E | 65 M |
| Other Non-Current Assets | 572 M |
| Current Liabilities | 333 M |
| Accounts Payable | 16.8 M |
| Short-Term Debt | 233 M |
| Other Current Liabilities | 82.7 M |
| Non-Current Liabilities | 763 M |
| Long-Term Debt | 762 M |
| Other Non-Current Liabilities | 672 K |
EFFICIENCY
Earnings Waterfall
Redfin Corporation
| Revenue | 1.04 B |
| Cost Of Revenue | 679 M |
| Gross Profit | 364 M |
| Operating Expenses | 519 M |
| Operating Income | -155 M |
| Other Expenses | 9.55 M |
| Net Income | -165 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Redfin Corporation
| Net Income | -165 M |
| Depreciation & Amortization | 42.8 M |
| Capital Expenditures | -11.2 M |
| Stock-Based Compensation | 71.2 M |
| Change in Working Capital | -20.1 M |
| Others | 9.33 M |
| Free Cash Flow | -43.5 M |
Wall Street Analysts Price Targets
Redfin Corporation
Wall Street analysts predict an average 1-year price target for RDFN of $7.9 , with forecasts ranging from
a
low of
$4 to a high of $11.5 .
RDFN Lowest Price Target
Wall Street Target
4 USD
-64.41%
RDFN Average Price Target
Wall Street Target
7.9 USD
-29.72%
RDFN Highest Price Target
Wall Street Target
11.5 USD
2.31%
4. DIVIDEND
ANALYSIS
RDFN does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Redfin Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
1.67 M USD 3
6-9 MONTHS
423 K USD 3
9-12 MONTHS
282 K USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Redfin Reports U.S. Home Prices Hit All-Time High
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. home-sale price hit a record $396,500 during the four weeks ending June 15, up 1% year over year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices are at an all-time high even though this spring's housing market is fairly cool because prices don't yet fully reflect the historic imbalance of sellers and buyers in today's market. Note that sale prices are seasonal and typically peak.
businesswire.com
- 2 weeks ago
Redfin Survey: 1 in 3 Baby Boomers Say They'll Never Sell Their Home
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — One-third (33.5%) of baby boomers who own their home say they'll never sell, according to a new survey commissioned by Redfin (www.redfin.com), the technology-powered real estate brokerage. Another 30% say they'll sell their home at some point, but not within the next decade. Older people are even less likely to sell, with nearly half (44.6%) of Silent Generation members never planning to sell. Younger homeowners are more likely to eventually part ways.
businesswire.com
- 2 weeks ago
Homebuyers' Down Payments Are Shrinking for the First Time in Almost Two Years as Housing Market Cools
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The typical U.S. homebuyer's down payment is $62,468, down by roughly 1% year over year, the first annual decline in nearly two years. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin's report is based on its analysis of county records across 40 of the most populous U.S. metropolitan areas. April 2025 is the most recent month for which data is available. In percentage terms, the typical U.S.
businesswire.com
- 2 weeks ago
Redfin Survey: Americans Are Torn on How Immigration, Tariffs Impact Housing Affordability
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Over half of U.S. homeowners and renters (51.2%) strongly or somewhat agree with the following statement: “Less immigration will result in fewer construction workers, and thereby fewer new homes, making homes more expensive.” That's according to a new survey commissioned by Redfin (www.redfin.com), the technology-powered real estate brokerage. But much of the nation holds the opposite view; 38.5% of homeowners and renters strongly or somewhat agree wit.
businesswire.com
- 3 weeks ago
Redfin Reports Just 28% of Homes Are Selling Above Asking Price, The Lowest Springtime Level Since 2020
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over 28% of U.S. homes are selling above the asking price, down from 32% a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's the lowest level for this time of year since 2020, when the start of the pandemic ground the housing market to a halt. That's one signal of the shift toward a buyer's market in much of the country. For the sake of comparison, more than half (53%) of homes s.
businesswire.com
- 3 weeks ago
Redfin Reports There Are 7 Major Metros Where You Can Still Buy a Luxury Home for Less Than $1 Million, Down From 30 Just Five Years Ago
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical luxury home costs less than $1 million in seven of the top 50 most populous metros, down from 30 metros just five years ago. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The most affordable metro for buying a high-end property is Detroit, where the median price for a luxury home was $753,851 in April—44.1% less than the typical luxury home nationwide. That's according to an analys.
businesswire.com
- 3 weeks ago
Redfin Reports Some Would-Be Home Sellers Are Stepping Back as Market Tilts Toward Buyers
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings of U.S. homes for sale rose 6.3% year over year during the four weeks ending June 1, one of the smallest increases of the last three months. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. New listings declined year over year in 11 of the 50 most populous U.S. metros, with the biggest drops in San Jose, CA and four Florida metros: Orlando, Fort Lauderdale, Tampa and West Palm Beach.
businesswire.com
- 4 weeks ago
US senators press antitrust enforcers over Rocket-Redfin deal
A group of U.S. Senators have demanded that federal antitrust enforcers explain why they did not seek to block Rocket Companies' $1.75 billion acquisition of real estate listing platform Redfin , saying the deal could raise costs for homebuyers.
reuters.com
- 1 month ago
Redfin Reports U.S. Home Sellers Are Sitting on $700 Billion Worth of Listings, an All-Time High
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — There's a total of $698 billion worth of homes for sale in the U.S., up 20.3% from a year ago and the highest dollar amount ever, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The report is based on an analysis of listings on Redfin.com going back through 2012. For the total dollar value of all inventory on the market, Redfin summed up the list price of all active U.S. listings as of the last day of e.
businesswire.com
- 1 month ago
Redfin Reports New Apartments Are Sitting Vacant for Months, Giving Renters Power to Negotiate Concessions
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Less than half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This was the fifth consecutive quarter that the rental absorption rate was below 50%, a speed that continues to lag behind pre-pandemic norms. The rental vacancy rate for buildings with fi.
businesswire.com
- 1 month ago
Redfin Reports High Housing Costs Are Keeping Homebuyers at Bay—But Price Relief Is in Sight
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median monthly mortgage payment nationwide was $2,860 during the four weeks ending May 25, up 3.6% year over year and just $25 shy of the all-time high. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments are high for two reasons: The weekly average mortgage rate is 6.86%, the highest level in three months, and the median U.S. home-sale price is up 1.9% year over year. High costs.
businesswire.com
- 1 month ago
The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. That Will Likely Cause Home Prices to Fall.
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — There are an estimated 1.9 million home sellers in the U.S. housing market and an estimated 1.5 million homebuyers, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In other words, there are 33.7% more sellers than buyers (or 490,041 more, to be exact). At no other point in records dating back to 2013 have sellers outnumbered buyers by this large of a number or percentage. A year ago, sellers outnumbered.
businesswire.com
- 1 month ago
8. Profile
Summary
Redfin Corporation RDFN
COUNTRY
US
INDUSTRY
Real Estate - Services
MARKET CAP
$ 1.44 B
Dividend Yield
0.00%
Description
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.
Contact
1099 Stewart Street, Seattle, WA, 98101
https://www.redfin.com
IPO
Date
July 28, 2017
Employees
4000
Officers
Mr. Anthony Ray Kappus
Chief of Legal Affairs & Digital Revenue Officer
Ms. Anna Stevens
Chief Human Resources Officer
Mr. Christian John Taubman
Chief Growth Officer
Ms. Meg Nunnally
Head of Investor Relations
Mr. Jason Aleem
Chief of Real Estate Services
Mr. Christopher Nielsen
Chief Financial Officer
Mr. Keith A. Broxterman
Senior Vice-President of Real Estate Support
Mr. Glenn Kelman
President, Chief Executive Officer & Director
Ms. Bridget Jean Frey
Chief Technology Officer
Ms. Daryl Fairweather Ph.D.
Chief Economist