RDFN - Redfin Corp Stock Price, Fair Value and News

7.53USD-0.12 (-1.57%)Market Closed

Market Summary

USD7.53-0.12

Market Closed

-1.57%

RDFN Alerts

Big fall in Revenue (Y/Y)

Losses in recent quarter

RDFN Stock Price

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RDFN RSI Chart

RDFN Valuation

Market Cap

899.6M

Price/Earnings (Trailing)

-6.61

Price/Sales (Trailing)

0.96

Price/Free Cashflow

-31.43

RDFN Price/Sales (Trailing)

RDFN Profitability

Return on Equity

297.27%

Return on Assets

-12.7%

Free Cashflow Yield

-3.18%

RDFN Fundamentals

RDFN Revenue

Revenue (TTM)

932.3M

Rev. Growth (Yr)

-30.76%

Rev. Growth (Qtr)

38.94%

RDFN Earnings

Earnings (TTM)

-136.0M

Earnings Growth (Yr)

-9.83%

Earnings Growth (Qtr)

-191.61%

Breaking Down RDFN Revenue

Last 7 days

5.5%

Last 30 days

42.6%

Last 90 days

4.7%

Trailing 12 Months

-30.1%

How does RDFN drawdown profile look like?

RDFN Financial Health

Current Ratio

1.33

Debt/Equity

-14.02

Debt/Cashflow

-0.02

RDFN Investor Care

Shares Dilution (1Y)

7.82%

Diluted EPS (TTM)

-1.19

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	932.3M	0	0	0
2023	1.2B	1.1B	1.1B	1.0B
2022	1.2B	1.3B	1.4B	1.5B
2021	963.4M	1.2B	1.5B	1.1B
2020	860.6M	876.5M	874.8M	886.1M
2019	517.2M	572.3M	670.7M	779.8M
2018	390.1M	427.8M	458.5M	486.9M
2017	285.4M	312.6M	341.1M	370.0M
2016	0	214.0M	240.6M	267.2M
2015	0	0	0	187.3M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Redfin Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 06, 2024	kelman glenn	bought	195,593	6.4129	30,500	chief executive officer
Mar 01, 2024	taubman christian john	sold	-54,591	6.8964	-7,916	chief growth officer
Feb 22, 2024	stevens anna	sold	-73,594	6.7823	-10,851	chief human resources officer
Feb 22, 2024	kappus anthony ray	sold	-55,169	6.7818	-8,135	chief legal officer
Feb 20, 2024	kappus anthony ray	sold (taxes)	-24,492	6.96	-3,519	chief legal officer
Feb 20, 2024	stevens anna	acquired	-	-	16,580	chief human resources officer
Feb 20, 2024	nielsen christopher john	sold (taxes)	-32,002	6.96	-4,598	chief financial officer
Feb 20, 2024	frey bridget	acquired	-	-	14,664	chief technology officer
Feb 20, 2024	nielsen christopher john	acquired	-	-	15,402	chief financial officer
Feb 20, 2024	taubman christian john	sold (taxes)	-24,415	6.96	-3,508	chief growth officer

Which funds bought or sold RDFN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 17, 2024	Plato Investment Management Ltd	unchanged	-	-15,549	28,176	-%
May 16, 2024	COMERICA BANK	reduced	-93.71	-14,000	592	-%
May 16, 2024	Virtus Investment Advisers, Inc.	new	-	451,535	451,535	0.32%
May 16, 2024	Garner Asset Management Corp	sold off	-100	-47,722	-	-%
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-504,616	-	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-29.56	-3,694,320	3,070,330	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-3.98	-470,257	763,107	-%
May 15, 2024	ALGERT GLOBAL LLC	sold off	-100	-1,252,000	-	-%
May 15, 2024	CAPTRUST FINANCIAL ADVISORS	sold off	-100	-110,195	-	-%
May 15, 2024	GTS SECURITIES LLC	reduced	-79.57	-549,757	83,344	-%

Are Funds Buying or Selling RDFN?

Are funds buying RDFN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RDFN

No. of Funds

Unveiling Redfin Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	14.96%	17,238,307	SC 13G/A
Feb 06, 2024	goldman sachs group inc	5.0%	5,768,651	SC 13G
Jan 25, 2024	blackrock inc.	8.4%	9,720,089	SC 13G/A
Dec 11, 2023	bares capital management, inc.	7.57%	7,678,676	SC 13G/A
Nov 09, 2023	baillie gifford & co	0.02%	22,023	SC 13G/A
Feb 14, 2023	bares capital management, inc.	18.28%	19,883,921	SC 13G/A
Feb 13, 2023	durable capital partners lp	4.2%	4,620,405	SC 13G/A
Feb 09, 2023	janus henderson group plc	0.0%	18,940	SC 13G/A
Feb 09, 2023	vanguard group inc	13.17%	14,318,508	SC 13G/A
Jan 31, 2023	blackrock inc.	7.1%	7,751,994	SC 13G/A

Recent SEC filings of Redfin Corp

View All Filings

Date Filed	Form Type	Document
May 16, 2024	4	Insider Trading
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
May 06, 2024	8-K	Current Report
Apr 26, 2024	3	Insider Trading
Apr 25, 2024	ARS	ARS
Apr 25, 2024	DEF 14A	DEF 14A
Apr 25, 2024	DEFA14A	DEFA14A
Mar 07, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading

Peers (Alternatives to Redfin Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSGP	35.7B	2.5B	2.41%	12.16%	121.44	14.14	12.26%	-19.88%
CBRE	28.0B	32.5B	7.21%	18.84%	28.14	0.86	5.07%	-12.06%
Z	10.4B	2.0B	3.71%	-3.82%	-65.12	5.16	6.03%	-14.39%
MID-CAP
JLL	9.8B	21.2B	18.97%	40.96%	32.63	0.46	1.89%	-39.82%
JOE	3.4B	404.1M	6.38%	28.03%	41.8	8.4	55.15%	19.63%
CWK	2.7B	9.4B	26.54%	44.64%	220.22	0.28	-5.93%	-83.62%
DBRG	2.2B	-	-20.99%	26.60%	6.31	2.72	18.22%	229.45%
SMALL-CAP
EXPI	1.9B	4.4B	26.26%	-15.63%	-212.43	0.44	-1.45%	-158.11%
ARL	223.1M	50.7M	-11.02%	-18.96%	81.38	4.4	22.36%	-99.25%
AXR	108.9M	44.5M	-4.35%	50.73%	48.83	2.44	-24.76%	-93.06%
CHCI	73.0M	45.1M	10.04%	78.23%	9.19	1.62	10.35%	24.96%
ASPS	48.8M	145.1M	20.67%	-58.77%	-0.93	0.34	-5.22%	1.69%

Redfin Corp News

Latest updates

Redfin Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	38.9%	225	162	269	276	326	222	306	349	597	569	540	471	268	245	237	214	191	233	239	198	110
Gross Profit	-4.5%	71.00	74.00	98.00	100	56.00	45.00	91.00	111	73.00	97.00	127	126	42.00	80.00	93.00	46.00	13.00	40.00	53.00	48.00	3.00
Operating Expenses	20.1%	140	117	124	148	160	138	135	184	158	109	147	156	77.00	54.00	56.00	50.00	70.00	46.00	46.00	61.00	70.00
S&GA Expenses	-100.0%	-	52.00	55.00	62.00	70.00	59.00	58.00	69.00	59.00	57.00	54.00	60.00	37.00	17.00	21.00	23.00	24.00	19.00	19.00	18.00	21.00
R&D Expenses	5.9%	46.00	44.00	44.00	47.00	48.00	41.00	43.00	47.00	50.00	31.00	44.00	41.00	28.00	24.00	22.00	18.00	20.00	19.00	19.00	16.00	16.00
Interest Expenses	15.1%	5.00	4.00	2.00	2.00	2.00	1.00	2.00	2.00	4.00	-0.33	4.00	3.00	1.00	12.00	3.00	3.00	2.00	2.00	2.00	2.00	2.00
Income Taxes	-277.3%	-0.17	0.00	0.00	0.00	0.00	-0.31	0.00	0.00	0.00	-0.74	-0.31	-5.05	-	-	-	-	-	-	-	-	-
Net Income	-191.6%	-66.77	-22.90	-18.97	-27.36	-60.80	-61.95	-90.24	-78.15	-90.81	-27.00	-18.95	-27.88	-35.78	14.00	34.00	-6.61	-60.12	-7.78	7.00	-12.62	-67.18
Net Income Margin	-15.8%	-0.15*	-0.13*	-0.15*	-0.21*	-0.24*	-0.22*	-0.21*	-0.17*	-0.14*	-0.10*	-0.04*	-0.01*	-	-	-	-	-	-	-	-	-
Free Cashflow	-32.1%	-49.54	-37.49	100	-41.11	24.00	185	15.00	-252	72.00	106	-207	-171	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-7.2%	1,071	1,154	1,126	1,304	1,354	1,574	2,051	2,168	1,867	2,022	2,043	2,001	1,817	1,361	763	715	595	596	592	600	575
Current Assets	-15.0%	378	445	397	560	593	776	1,222	1,310	1,099	1,246	1,263	1,228	1,694	1,241	639	587	457	452	448	462	490
Cash Equivalents	-27.6%	108	150	126	119	150	232	346	357	613	571	563	735	1,241	946	388	360	231	247	219	259	406
Inventory	-	-	-	-	-	11.00	114	301	378	245	358	435	249	97.00	49.00	25.00	9.00	71.00	75.00	105	86.00	38.00
Net PPE	-0.7%	46.00	46.00	48.00	49.00	53.00	55.00	59.00	60.00	61.00	59.00	56.00	54.00	48.00	44.00	42.00	41.00	40.00	40.00	38.00	36.00	31.00
Goodwill	0%	461	461	461	461	461	461	461	461	52.00	409	407	407	400	9.00	-	-	-	-	-	-	-
Liabilities	-3.1%	1,077	1,111	1,080	1,254	1,294	1,470	1,904	1,947	1,592	1,672	1,686	1,636	1,433	730	323	320	315	265	264	287	260
Current Liabilities	6.0%	285	268	249	385	329	355	646	655	300	402	406	354	236	186	263	139	136	85.00	93.00	118	104
Long Term Debt	-6.9%	641	689	800	835	929	1,078	1,218	1,240	1,239	1,214	1,213	1,212	1,137	488	-	123	121	120	118	117	115
LT Debt, Current	-	-	-	-	24.00	23.00	23.00	23.00	-	-	23.00	23.00	23.00	23.00	22.00	124	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	689	800	835	929	1,078	1,218	1,240	1,239	1,214	1,213	1,212	1,137	488	-	123	121	120	118	117	115
Shareholder's Equity	-1764.8%	-45.75	3.00	6.00	10.00	21.00	64.00	107	181	236	310	318	326	344	591	400	355	280	331	328	312	314
Retained Earnings	-8.1%	-890	-823	-800	-781	-754	-693	-631	-541	-462	-372	-345	-326	-298	-270	-284	-318	-311	-251	-244	-250	-238
Additional Paid-In Capital	2.2%	844	826	806	791	775	758	740	723	699	682	663	652	642	861	684	673	591	583	572	563	552
Shares Outstanding	1.8%	119	117	115	114	111	110	109	107	107	105	105	104	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,354	-	-	-	865	-	-	-	6,441	-	-	-	4,018	-	-	-	1,547	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-32.6%	-45,980	-34,670	102,543	-37,819	26,704	188,980	20,011	-247,501	79,001	112,553	-200,483	-162,873	-50,765	9,732	42,791	52,193	-43,449	25,028	10,971	-96,452	-47,157
Share Based Compensation	11.9%	17,409	15,553	18,800	17,554	19,028	16,585	18,071	16,813	16,788	15,284	13,111	13,744	12,583	11,209	11,348	7,205	7,211	8,022	7,510	5,876	6,406
Cashflow From Investing	8844.7%	42,062	-481	56,560	41,381	22.00	-3,229	-21,824	-86,093	-73,192	-13,444	-18,784	-534,505	-9,573	-965	-4,892	-47,794	-3,468	-2,933	-33,263	-76,565	-3,151
Cashflow From Financing	-165.6%	-38,676	58,932	-153,135	-34,654	-116,558	-347,192	-2,649	93,106	-75,359	-18,071	68,834	142,016	457,562	549,074	-10,393	125,340	30,206	6,131	-17,717	26,127	17,342

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RDFN Income Statement

2024-03-31

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 225,479	$ 214,083
Cost of revenue	154,667	155,945
Gross profit	70,812	58,138
Operating expenses
Technology and development	46,429	47,663
Marketing	24,878	40,403
General and administrative	67,873	69,439
Restructuring and reorganization	889	1,053
Total operating expenses	140,069	158,558
Loss from continuing operations	(69,257)	(100,420)
Interest income	1,832	3,406
Interest expense	(4,874)	(1,922)
Income tax benefit (expense)	172	(410)
Gain on extinguishment of convertible senior notes	5,686	42,270
Other expense, net	(333)	(234)
Net loss from continuing operations	(66,774)	(57,310)
Net loss from discontinued operations	0	(3,488)
Net loss	(66,774)	(60,798)
Dividends on convertible preferred stock	(233)	(226)
Net loss from continuing operations attributable to common stock—basic and diluted	$ (67,007)	$ (57,536)
Net loss per share attributable to common stock - basic (in dollars per share)	$ (0.57)	$ (0.52)
Income (Loss) from Continuing Operations, Per Diluted Share	$ (0.57)	$ (0.52)
Net loss attributable to common stock - basic	$ (67,007)	$ (61,024)
Net loss per share attributable to common stock - basic (in dollars per share)	$ (0.57)	$ (0.55)
Weighted average shares - basic (in shares)	118,364,267	110,103,598
Weighted-average shares to compute net loss per share attributable to common stock—basic and diluted	118,364,267	110,103,598
Net loss per share attributable to common stock - diluted (in dollars per share)	$ (0.57)	$ (0.55)
Other comprehensive income (loss)
Foreign currency translation adjustments	$ (3)	$ 58
Unrealized gain (loss) on available-for-sale debt securities	40	(424)
Comprehensive loss	$ (66,737)	$ (61,164)

RDFN Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 107,129	$ 149,759
Restricted cash	1,274	1,241
Short-term investments	0	41,952
Accounts receivable, net of allowances for credit losses of $3,658 and $3,234	54,839	51,738
Loans held for sale	165,487	159,587
Prepaid expenses	37,695	33,296
Other current assets	11,867	7,472
Total current assets	378,291	445,045
Property and equipment, net	46,118	46,431
Right-of-use assets, net	29,476	31,763
Mortgage servicing rights, at fair value	32,328	32,171
Long-term investments	0	3,149
Goodwill	461,349	461,349
Intangible assets, net	113,537	123,284
Other assets, noncurrent	10,008	10,456
Total assets	1,071,107	1,153,648
Current liabilities
Accounts payable	15,909	10,507
Accrued and other liabilities	97,331	90,360
Warehouse credit facilities	156,588	151,964
Lease liabilities	14,710	15,609
Total current liabilities	284,538	268,440
Lease liabilities, noncurrent	26,730	29,084
Convertible senior notes, net, noncurrent	641,209	688,737
Deferred tax liabilities	287	264
Term loan	124,123	124,416
Total liabilities	1,076,887	1,110,941
Commitments and contingencies (Note 7)
Series A convertible preferred stock—par value $0.001 per share; 10,000,000 shares authorized; 40,000 shares issued and outstanding at March 31, 2024 and December 31, 2023	39,970	39,959
Stockholders’ (deficit) equity
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 119,440,241 and 117,372,171 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	119	117
Additional paid-in capital	844,383	826,146
Accumulated other comprehensive loss	(145)	(182)
Accumulated deficit	(890,107)	(823,333)
Total stockholders’ (deficit) equity	(45,750)	2,748
Total liabilities, mezzanine equity, and stockholders’ (deficit) equity	$ 1,071,107	$ 1,153,648

About Redfin Corp

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; and originates and sells mortgages. 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.

CEO	Mr. Glenn Kelman
WEBSITE	redfin.com
INDUSTRY	Real Estate Services
EMPLOYEES	5572

Redfin Corp Frequently Asked Questions

What is the ticker symbol for Redfin Corp? What does RDFN stand for in stocks?

RDFN is the stock ticker symbol of Redfin Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Redfin Corp (RDFN)?

As of Fri May 17 2024, market cap of Redfin Corp is 899.62 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RDFN stock?

You can check RDFN's fair value in chart for subscribers.

What is the fair value of RDFN stock?

You can check RDFN's fair value in chart for subscribers. The fair value of Redfin Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Redfin Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RDFN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Redfin Corp a good stock to buy?

The fair value guage provides a quick view whether RDFN is over valued or under valued. Whether Redfin Corp is cheap or expensive depends on the assumptions which impact Redfin Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RDFN.

What is Redfin Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, RDFN's PE ratio (Price to Earnings) is -6.61 and Price to Sales (PS) ratio is 0.96. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RDFN PE ratio will change depending on the future growth rate expectations of investors.