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Redfin Corp

Real Estate US RDFN

7.9208USD
0.53(7.18%)

Last update at 2024-07-25T16:54:00Z

Day Range

7.367.95
LowHigh

52 Week Range

4.2617.68
LowHigh

Fundamentals

  • Previous Close 7.39
  • Market Cap735.34M
  • Volume1485312
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-118.97400M
  • Revenue TTM988.07M
  • Revenue Per Share TTM8.58
  • Gross Profit TTM 286.05M
  • Diluted EPS TTM-1.18

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -321.01700M -115.72000M -18.52700M -80.80500M -41.97800M
Minority interest - - - - -
Net income -321.14300M -109.61300M -36.12400M -89.95600M -41.97800M
Selling general administrative 254.59M 218.31M 92.14M 76.87M 65.50M
Selling and marketing expenses 158.07M 138.74M 54.88M 76.71M 44.06M
Gross profit 286.05M 403.82M 232.11M 144.10M 119.42M
Reconciled depreciation 64.91M 46.91M 14.56M 9.23M 8.46M
Ebit -322.86100M -109.95300M 0.79M -79.24600M -38.29700M
Ebitda -255.08900M -57.05200M 15.53M -62.64700M -29.83200M
Depreciation and amortization 67.77M 52.90M 14.74M 16.60M 8.46M
Non operating income net other 60.06M 6.00M 0.18M 7.37M 5.64M
Operating income -322.86100M -109.95300M 0.79M -79.24600M -43.93400M
Other operating expenses 2607.30M 2032.72M 885.30M 859.04M 530.85M
Interest expense 17.75M 11.76M 19.50M 8.93M 3.68M
Tax provision 0.13M -6.10700M - - -
Interest income 6.64M 0.64M 2.07M 7.15M 5.42M
Net interest income -11.10600M -11.12700M -17.42100M -1.78200M 1.74M
Extraordinary items - - - - -
Non recurring 40.47M - - - -
Other items - - - - -
Income tax expense 0.13M -6.10700M 17.60M 9.15M 5.33M
Total revenue 2284.44M 1922.77M 886.09M 779.80M 486.92M
Total operating expenses 608.91M 513.77M 231.32M 223.35M 163.36M
Cost of revenue 1998.39M 1518.94M 653.98M 635.69M 367.50M
Total other income expense net 1.84M -5.76700M -19.31900M -1.55900M 0.22M
Discontinued operations - - - - -
Net income from continuing ops -321.14300M -109.61300M -18.52700M -80.80500M -41.97800M
Net income applicable to common shares -322.70300M -116.88200M -22.98100M -80.80500M -41.97800M
Preferred stock and other adjustments 1.56M 7.27M -4.45400M - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1193.14M 1574.20M 2021.97M 1360.52M 596.21M
Intangible assets 155.46M 198.53M 185.93M 1.83M 2.32M
Earning assets - - - - -
Other current assets -193.28400M 8.69M 7.52M 4.90M 3.50M
Total liab 1150.44M 1470.34M 1672.25M 730.14M 264.77M
Total stockholder equity 42.71M 103.87M 349.72M 630.38M 331.45M
Deferred long term liab - - - - -
Other current liab 84.87M 104.08M 111.41M 67.77M 45.86M
Common stock 0.12M 0.11M 0.11M 0.10M 0.09M
Capital stock 40.08M 40.02M 0.11M 39.93M 0.09M
Retained earnings -823.33300M -693.30700M -372.16400M -270.31300M -251.78600M
Other liab - 0.24M 1.20M 6.81M -
Good will 461.35M 461.35M 409.38M 9.19M 9.19M
Other assets 39.50M 11.25M 12.90M 64.69M 10.56M
Cash 151.00M 239.84M 591.00M 925.28M 234.68M
Cash and equivalents - - - - -
Total current liabilities 268.44M 354.64M 401.81M 185.72M 85.18M
Current deferred revenue 5.49M 5.66M 6.71M 14.87M 0.04M
Net debt 858.81M 1108.69M 949.38M -290.23600M -17.94000M
Short term debt 167.57M 233.08M 271.14M 97.43M 37.15M
Short long term debt 151.96M 213.94M 256.10M 85.46M 25.75M
Short long term debt total 1009.81M 1348.53M 1540.38M 635.04M 216.74M
Other stockholder equity 826.15M 757.95M 682.08M 860.56M 583.10M
Property plant equipment - 55.10M 58.67M 43.99M 91.58M
Total current assets 445.05M 776.46M 1246.06M 1240.83M 451.59M
Long term investments 3.15M 29.48M 54.83M 11.92M 30.98M
Net tangible assets - -58.40500M -245.59100M 619.36M 319.94M
Short term investments 41.95M 122.26M 33.74M 131.56M 70.03M
Net receivables 0.33M 54.88M 69.59M 54.72M 19.22M
Long term debt 813.15M 1078.16M 1214.02M 488.27M 119.72M
Inventory -4.60000M 114.27M 358.22M 49.16M 74.59M
Accounts payable 10.51M 11.82M 12.55M 5.64M 2.12M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -0.18200M -0.80100M -0.17400M 0.21M 0.04M
Additional paid in capital - - - - -
Common stock total equity - 0.11M 0.11M 0.10M 0.09M
Preferred stock total equity - - - - -
Retained earnings total equity - -693.30700M -372.16400M -270.31300M -251.78600M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -61.21100M 11.25M 12.90M 8.62M 10.56M
Deferred long term asset charges - - - - -
Non current assets total 708.60M 797.75M 775.91M 119.69M 144.62M
Capital lease obligations 44.69M 56.44M 70.26M 61.31M 71.28M
Long term debt total - - - - 119.72M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -65.46600M 59.19M -42.43300M -100.37900M -10.30300M
Change to liabilities -48.92600M 28.85M 41.18M 7.07M 4.81M
Total cashflows from investing activities -184.33800M -576.30600M -57.11900M -115.91200M -10.30300M
Net borrowings -335.26900M 728.69M 576.65M 20.09M 141.67M
Total cash from financing activities -332.09400M 650.34M 694.23M 31.88M 273.40M
Change to operating activities -21.14800M 6.36M 10.57M -20.36000M -5.48700M
Net income -321.14300M -109.61300M -18.52700M -80.80500M -41.97800M
Change in cash -476.03500M -227.53900M 698.37M -191.60700M 226.40M
Begin period cash flow 718.28M 945.82M 247.45M 439.06M 212.66M
End period cash flow 242.25M 718.28M 945.82M 247.45M 439.06M
Total cash from operating activities 40.49M -301.56800M 61.27M -107.61000M -36.70200M
Issuance of capital stock 0.00000M 0.00000M 109.50M 0.00000M 107.59M
Depreciation 64.91M 46.91M 14.56M 9.23M 8.46M
Other cashflows from investing activities -97.34100M -608.00000M - -100.37900M -2.00000M
Dividends paid - - 98.40M - -
Change to inventory 243.95M -309.06300M 25.43M -51.89600M -19.31200M
Change to account receivables 24.41M -7.14900M -35.49600M -3.86100M -2.80100M
Sale purchase of stock 11.53M 22.77M 98.40M 16.11M 131.00M
Other cashflows from financing activities 4495.37M 2028.50M 1447.47M 403.97M 246.93M
Change to netincome 67.13M 56.58M 23.77M 10.08M 17.42M
Capital expenditures 21.53M 27.49M 14.69M 15.53M 8.30M
Change receivables 24.41M -7.14900M -35.49600M -3.86100M -2.02900M
Cash flows other operating 4.03M -13.07100M -1.69600M -3.80700M -6.65600M
Exchange rate changes - - - - -
Cash and cash equivalents changes -475.94100M -227.53300M 698.38M -191.63900M 226.40M
Change in working capital 195.08M -312.87800M 22.14M -59.43900M -23.18900M
Stock based compensation 68.26M 54.72M 36.97M 27.81M 20.44M
Other non cash items 33.39M 19.30M -0.57500M -4.41000M -0.43800M
Free cash flow 18.96M -329.06000M 46.58M -123.14300M -45.00500M

Peer Comparison

Sector: Real Estate Industry: Real Estate Services

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
RDFN
Redfin Corp
0.53 7.18% 7.92 - - 0.73 259.92 1.61 -29.6451
MSGNF
Man Sang International Limited
- -% 0.10 - - 844.75 3.95 3.76 -1.3608
CSGP
CoStar Group Inc
1.57 2.06% 77.92 115.64 227.27 15.03 5.03 13.36 84.12
CBRE
CBRE Group Inc Class A
11.50 11.70% 109.80 48.39 21.28 0.89 3.56 1.02 22.10
CLLNY
Cellnex Telecom S.A
-0.09 0.53% 17.01 - 147.06 7.53 1.81 13.65 18.14

Reports Covered

Stock Research & News

Profile

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. In addition, the company uses digital platforms to connect consumers with rental properties. 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.

Redfin Corp

1099 Stewart Street, Seattle, WA, United States, 98101

Key Executives

Name Title Year Born
Mr. Glenn Kelman Pres, CEO & Director 1972
Mr. Chris Nielsen Chief Financial Officer 1967
Ms. Bridget Jean Frey Chief Technology Officer 1978
Mr. Adam Wiener Pres of Real Estate Operations 1979
Ms. Meg Nunnally Head of Investor Relations NA
Mr. Anthony Ray Kappus Chief Legal Officer 1981
Ms. Lisa Taylor VP of Marketing NA
Ms. Karen S. Krupsaw Sr. VP of Real Estate Operations NA
Ms. Daryl Fairweather Ph.D. Chief Economist NA
Mr. Christian John Taubman Chief Growth Officer 1979

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