RDFN logo Redfin Corporation +
Ticker
RDFN
CBRE
Headquarter
Seattle ,WA
US
Dallas ,TX
US
CEO
Glenn Kelman
Robert E. Sulentic
Industry
Real Estate - Services
Real Estate - Services
Stock Price
Stock Price
Market Cap
Market Cap
$1.43 B
$46.56 B
Employees
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Employees
  • 5.57 K
  • 4.69 K
  • 4.78 K
  • 115.00 K
  • 130.00 K
  • 140.00 K
Y/Y
14.08%
15.78%
1.81%
9.52%
13.04%
7.69%

Income Statement

Revenue
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Revenue
  • $2.28 B
  • $976.67 M
  • $1.04 B
  • $30.83 B
  • $31.95 B
  • $35.77 B
Y/Y
18.81%
57.25%
6.79%
11.11%
3.64%
11.95%
Revenue by Products / Services
Revenue by Geography
Research and Development
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Research and Development
  • $196.25 M
  • $183.29 M
  • $163.93 M
  • $0.05
  • -
  • -
Y/Y
25.22%
6.6%
10.57%
44.44%
100%
0%
Operating Income
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Operating Income
  • -$322.86 M
  • -$210.12 M
  • -$155.26 M
  • $1.51 B
  • $1.12 B
  • $1.41 B
Y/Y
193.64%
34.92%
26.11%
36.71%
26.12%
26.5%
Tax Rate (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Tax Rate (%)
  • 0.00%
  • -1.00%
  • 0.00%
  • 14.00%
  • 20.00%
  • 15.00%
Y/Y
100.76%
1850%
141.03%
40%
38.57%
23.7%
Net Income
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income
  • -$321.14 M
  • -$130.03 M
  • -$164.80 M
  • $1.41 B
  • $986.00 M
  • $968.00 M
Y/Y
192.98%
59.51%
26.74%
23.41%
29.92%
1.83%
Revenue Per Employee
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Revenue Per Employee
  • $409.99 K
  • $208.11 K
  • $218.29 K
  • $268.07 K
  • $245.76 K
  • $255.48 K
Y/Y
38.28%
49.24%
4.89%
1.45%
8.32%
3.95%
Net Income Per Employee
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income Per Employee
  • -$57.64 K
  • -$27.71 K
  • -$34.49 K
  • $12.23 K
  • $7.58 K
  • $6.91 K
Y/Y
240.98%
51.93%
24.49%
30.07%
38.01%
8.84%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Total Assets
  • $1.57 B
  • $1.15 B
  • $1.01 B
  • $20.51 B
  • $22.55 B
  • $24.38 B
Y/Y
22.15%
26.72%
12.24%
7.07%
9.92%
8.14%
Total Liabilities
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Total Liabilities
  • $1.47 B
  • $1.11 B
  • $1.10 B
  • $11.91 B
  • $13.48 B
  • $15.19 B
Y/Y
12.07%
24.44%
1.42%
6.34%
13.21%
12.68%
Capital Expenditures (Capex)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Capital Expenditures (Capex)
  • -$21.53 M
  • -$12.06 M
  • -$11.21 M
  • -$260.14 M
  • -$305.00 M
  • -$307.00 M
Y/Y
21.68%
44.01%
7.03%
23.96%
17.24%
0.66%

Profitability

Operating Income Margin (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Operating Income Margin (%)
  • -14.13%
  • -21.51%
  • -14.89%
  • 4.90%
  • 3.50%
  • 3.95%
Y/Y
147.03%
52.23%
30.78%
43.09%
28.57%
12.86%
Net Income Margin (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income Margin (%)
  • -14.06%
  • -13.31%
  • -15.80%
  • 4.56%
  • 3.09%
  • 2.71%
Y/Y
146.67%
5.33%
18.71%
31.12%
32.24%
12.3%
EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
EBITDA
  • -$175.89 M
  • -$53.04 M
  • -$106.80 M
  • $1.94 B
  • $1.74 B
  • $1.97 B
Y/Y
309.67%
69.85%
101.37%
33.44%
10.45%
13.52%
Free Cash Flow (FCF)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Free Cash Flow (FCF)
  • $18.96 M
  • $44.70 M
  • -$43.52 M
  • $1.37 B
  • $175.00 M
  • $1.40 B
Y/Y
105.76%
135.77%
197.35%
36.46%
87.22%
700.57%

Ratios

Return on Equity (ROE)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Return on Equity (ROE)
  • -309.19%
  • -304.46%
  • 199.35%
  • 17.92%
  • 11.93%
  • 11.51%
Y/Y
886.57%
1.53%
165.48%
16.81%
33.43%
3.52%
Return on Assets (ROA)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Return on Assets (ROA)
  • -20.40%
  • -11.27%
  • -16.28%
  • 6.86%
  • 4.37%
  • 3.97%
Y/Y
276.38%
44.75%
44.45%
17.55%
36.3%
9.15%
Debt to Equity
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Debt to Equity
  • 1,298.33%
  • 2,364.51%
  • -1,203.49%
  • 44.47%
  • 58.38%
  • 69.66%
Y/Y
194.77%
82.12%
150.9%
9.65%
31.28%
19.32%

Valuation

Enterprise Value
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value
  • $1.57 B
  • $2.03 B
  • $1.83 B
  • $27.02 B
  • $32.27 B
  • $44.90 B
Y/Y
68.47%
29.46%
9.86%
29.17%
19.45%
39.13%
Enterprise value to Revenue
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value to Revenue
  • 0.69
  • 2.08
  • 1.75
  • 0.88
  • 1.01
  • 1.26
Y/Y
73.47%
202.83%
15.6%
36.25%
15.26%
24.28%
Enterprise value to EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value to EBITDA
  • -8.91
  • -38.23
  • -17.11
  • 13.93
  • 18.58
  • 22.77
Y/Y
92.3%
329.33%
55.24%
6.42%
33.4%
22.56%