redfin got its start inventing map-based search. everyone told us the easy money was in running ads for traditional brokers, but we couldn’t stop thinking about how different real estate would be if it were designed from the ground up, using technology and totally different values, to put customers first. so we joined forces with agents who wanted to be customer advocates, not salesmen. since these were our own agents, we could survey each customer on our service and pay a bonus based on the review. we deepened our technology beyond the initial search to make the home tour, the listing debut, the escrow process, the whole process, faster, easier and worry-free. and we gave customers more value, not just by saving each thousands in fees, but by investing in every home we sell, by measuring our performance and improving constantly. this is how real estate would be if it were designed just for consumers, because, well, it was.
Company profile
Ticker
RDFN
Exchange
Website
CEO
Glenn Kelman
Employees
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Forward Settlement Solutions, Inc. • Forward Settlement Solutions of Texas, LLC • RDFN Ventures, Inc. • Redfin Home Services LLC • BE Holdco LLC • Bay Equity LLC • Redfin Unlimited Liability Company • RedfinNow Borrower LLC • RedfinNow Pledgor LLC • Rent Group Inc. ...
RDFN stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
25 Apr 24
DEFA14A
Additional proxy soliciting materials
25 Apr 24
DEF 14A
Definitive proxy
25 Apr 24
S-8
Registration of securities for employees
27 Feb 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
Redfin Reports Fourth Quarter and Full Year 2023 Financial Results
27 Feb 24
8-K
Redfin Reports Third Quarter 2023 Financial Results
2 Nov 23
10-Q
2023 Q3
Quarterly report
2 Nov 23
8-K
Entry into a Material Definitive Agreement
23 Oct 23
8-K
All-Hands Email on Departure of Adam Wiener
29 Aug 23
Transcripts
RDFN
Earnings call transcript
2023 Q4
27 Feb 24
RDFN
Earnings call transcript
2023 Q3
2 Nov 23
RDFN
Earnings call transcript
2023 Q2
3 Aug 23
RDFN
Earnings call transcript
2023 Q1
4 May 23
RDFN
Earnings call transcript
2022 Q4
16 Feb 23
RDFN
Earnings call transcript
2022 Q3
10 Nov 22
RDFN
Earnings call transcript
2022 Q2
5 Aug 22
RDFN
Earnings call transcript
2022 Q1
6 May 22
RDFN
Earnings call transcript
2021 Q4
17 Feb 22
RDFN
Earnings call transcript
2021 Q3
5 Nov 21
Latest ownership filings
3
Jason Aleem
26 Apr 24
4
GLENN KELMAN
7 Mar 24
4
Christian John Taubman
4 Mar 24
144
Notice of proposed sale of securities
1 Mar 24
4
ANNA STEVENS
22 Feb 24
4
Christian John Taubman
22 Feb 24
4
Bridget Frey
22 Feb 24
4
Anthony Ray Kappus
22 Feb 24
4
Christopher John Nielsen
22 Feb 24
144
Notice of proposed sale of securities
22 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Operating income | |||||
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Net income | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 127.22 mm | 127.22 mm | 127.22 mm | 127.22 mm | 127.22 mm | 127.22 mm |
Cash burn (monthly) | (no burn) | 23.04 mm | 8.51 mm | 27.18 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 162.76 mm | 60.10 mm | 191.96 mm | n/a | n/a |
Cash remaining | n/a | -35.54 mm | 67.11 mm | -64.74 mm | n/a | n/a |
Runway (months of cash) | n/a | -1.5 | 7.9 | -2.4 | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | Christian John Taubman | Common Stock | Sell | Dispose S | No | Yes | 6.8964 | 7,916 | 54.59 k | 52,117 |
22 Feb 24 | Anna Stevens | Common Stock | Sell | Dispose S | No | Yes | 6.7823 | 10,851 | 73.59 k | 0 |
20 Feb 24 | Anna Stevens | Common Stock | Payment of exercise | Dispose F | No | No | 6.96 | 1,444 | 10.05 k | 10,851 |
20 Feb 24 | Anna Stevens | Common Stock | Option exercise | Acquire M | No | No | 0 | 4,107 | 0.00 | 12,295 |
20 Feb 24 | Anna Stevens | Common Stock | Payment of exercise | Dispose F | No | No | 6.96 | 4,285 | 29.82 k | 8,188 |
20 Feb 24 | Anna Stevens | Common Stock | Option exercise | Acquire M | No | No | 0 | 12,473 | 0.00 | 12,473 |
20 Feb 24 | Anna Stevens | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 4,107 | 0.00 | 20,537 |
20 Feb 24 | Anna Stevens | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 12,473 | 0.00 | 74,833 |
20 Feb 24 | Christian John Taubman | Common Stock | Payment of exercise | Dispose F | No | No | 6.96 | 1,984 | 13.81 k | 60,033 |
20 Feb 24 | Christian John Taubman | Common Stock | Option exercise | Acquire M | No | No | 0 | 6,571 | 0.00 | 62,017 |
News
US Home Prices Rocket In February For Strongest One-Month Increase In 2 Years: Real Estate Stocks React
30 Apr 24
Skechers Reports Upbeat Earnings, Joins Tutor Perini, AppFolio, Newell Brands And Other Big Stocks Moving Higher On Friday
26 Apr 24
How Is The Market Feeling About Redfin?
9 Apr 24
How Is The Market Feeling About Redfin?
21 Mar 24
Redfin Expands Redfin Next Agent Pay Plan To Additional Markets
21 Mar 24
Press releases
Redfin Reports Home Prices Stagnate in Florida and Texas as Supply Soars
25 Apr 24
Redfin Reports Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising
25 Apr 24
Redfin to Announce First-Quarter 2024 Results on May 7, 2024
23 Apr 24
Redfin Home Price Index: Price Growth Stabilizes in March, With Prices Up 0.6% From a Month Earlier
23 Apr 24
Redfin Report: Nearly Half of Biden Voters Want to Live in Place Where Weed Is Legal, Compared to Only 12% of Trump Voters
18 Apr 24