Redfin Corporation's Income Statement Analysis: Revenue to Profit Breakdown
Redfin Corporation's Income Statement Analysis: Revenue to Profit Breakdown
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Chart |
FY20
Dec 31, 2020
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$886.09 M | $1.92 B | $2.28 B | $976.67 M | $1.04 B | $1.04 B |
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Cost of Revenue Direct cost of goods/services. |
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$653.98 M | $1.52 B | $2.00 B | $646.85 M | $678.78 M | $674.50 M |
Gross Profit Revenue minus cost of revenue. |
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$232.11 M | $403.82 M | $286.05 M | $329.82 M | $364.20 M | $364.02 M |
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Operating Expense
Costs to run business. |
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$231.32 M | $513.77 M | $608.91 M | $539.94 M | $519.46 M | $533.25 M |
Research and Development Investment in innovation. |
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$84.30 M | $156.72 M | $196.25 M | $183.29 M | $163.93 M | $156.98 M |
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Sales, General and Administrative
Selling and admin costs. |
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$147.02 M | $357.06 M | $412.66 M | $356.65 M | $349.85 M | $352.83 M |
General and Administrative Corporate overhead costs. |
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$92.14 M | $218.32 M | $254.59 M | $238.79 M | $235.36 M | $223.96 M |
Sales and Marketing Customer acquisition costs. |
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$54.88 M | $138.74 M | $158.07 M | $117.86 M | $114.48 M | $128.87 M |
Other Expenses Other operating costs. |
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-$1.90 M | - | -$3.77 M | - | $5.68 M | $24.31 M |
Operating Income Profit from operations. |
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$792.00 K | -$109.95 M | -$322.86 M | -$210.12 M | -$155.26 M | -$170.18 M |
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Net Interest Income
Interest income minus expense. |
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-$17.42 M | -$6.86 M | -$2.25 M | $1.01 M | -$21.43 M | -$25.06 M |
Interest Income Income from investments. |
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$2.07 M | $635.00 K | $6.64 M | $10.53 M | $6.35 M | $5.64 M |
Interest Expense Cost of borrowing. |
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$19.50 M | $7.49 M | $8.89 M | $9.52 M | $27.78 M | $30.69 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$176.00 K | -$6.00 M | -$25.27 M | -$94.23 M | - | -$3.68 M |
Total Other Income (Net) Net non-operating items. |
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-$19.32 M | -$13.78 M | $16.39 M | $84.71 M | -$10.08 M | -$20.45 M |
Income Before Tax Profit before taxes. |
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-$18.53 M | -$115.72 M | -$321.02 M | -$125.41 M | -$165.33 M | -$190.63 M |
Income Tax Expense Taxes on income. |
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$17.60 M | -$6.11 M | $126.00 K | $979.00 K | -$530.00 K | -$79.00 K |
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Net Income
Final profit. |
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-$36.12 M | -$109.61 M | -$321.14 M | -$130.03 M | -$164.80 M | -$190.55 M |
Net Income From Continuing Operations Profit from core business. |
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-$18.53 M | -$91.22 M | -$249.80 M | -$126.39 M | -$164.80 M | -$190.55 M |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | -$18.39 M | -$71.35 M | -$3.63 M | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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-$0.37 | -$1.05 | -$2.98 | -$1.16 | -$1.36 | -$1.52 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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-$0.37 | -$1.05 | -$2.98 | -$1.16 | -$1.36 | -$1.52 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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98.57 M | 104.68 M | 107.93 M | 113.15 M | 121.68 M | 127.17 M |
Diluted Average Shares Outst. Shares including dilution. |
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98.57 M | 104.68 M | 107.93 M | 113.15 M | 121.68 M | 127.17 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$968.00 K | -$89.84 M | -$240.80 M | -$115.89 M | -$149.57 M | -$166.50 M |
EBITDA Earnings before interest, tax, D&A. |
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$21.87 M | -$42.93 M | -$175.89 M | -$53.04 M | -$106.80 M | -$129.82 M |
Depreciation and Amortization Non-cash expense for assets. |
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$877.44 M | $2.02 B | $1.37 B | $62.76 M | $42.77 M | $36.68 M |
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Redfin Corporation's Assets vs Liabilities & Equity
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