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
$49.02 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
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
Years
  • 2024
  • 2024
Revenue by Geography
Years
  • 2024
Research and Development
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Research and Development
  • $196.25 M
  • $183.29 M
  • $163.93 M
  • -
  • -
  • -
Y/Y
25.22%
6.6%
10.57%
0%
0%
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%
7.64%
26.12%
26.5%
Tax Rate (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Tax Rate (%)
  • -0.04%
  • -0.78%
  • 0.32%
  • 14.11%
  • 19.58%
  • 14.94%
Y/Y
100.74%
1888.83%
141.07%
40.12%
38.71%
23.67%
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
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue Per Employee
  • $175.28 K
  • $222.24 K
  • -
  • $277.82 K
  • $275.13 K
  • -
Y/Y
50.24%
26.79%
100%
5.38%
0.97%
100%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Per Employee
  • -$23.34 K
  • -$35.12 K
  • -
  • $8.57 K
  • $7.45 K
  • -
Y/Y
52.88%
50.48%
100%
36.02%
13.15%
100%

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%
6.35%
13.22%
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
147.15%
52.22%
30.81%
16.87%
28.72%
13%
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
146.59%
5.3%
18.69%
31.06%
32.38%
12.31%
EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
EBITDA
  • -$175.89 M
  • -$53.04 M
  • -$106.80 M
  • $2.03 B
  • $1.83 B
  • $2.15 B
Y/Y
309.67%
69.85%
101.37%
2.96%
9.95%
17.67%
Free Cash Flow (FCF)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Free Cash Flow (FCF)
  • $18.96 M
  • $44.70 M
  • -$43.52 M
  • $1.46 B
  • $229.00 M
  • $1.49 B
Y/Y
105.76%
135.77%
197.35%
34.71%
84.27%
551.53%

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
886.46%
1.53%
165.48%
16.82%
33.43%
3.51%
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
276.31%
44.75%
44.42%
17.58%
36.25%
9.21%
Debt to Equity
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Debt to Equity
  • 1,298.33%
  • 2,364.51%
  • -1,203.49%
  • 44.48%
  • 58.38%
  • 67.70%
Y/Y
194.76%
82.12%
150.9%
9.62%
31.24%
15.97%

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
  • $44.74 B
Y/Y
68.47%
29.46%
9.86%
29.16%
19.45%
38.62%
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
  • 1.25
Y/Y
73.46%
202.82%
15.59%
36.25%
15.25%
23.82%
Enterprise value to EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value to EBITDA
  • -8.91
  • -38.23
  • -17.11
  • 13.31
  • 17.65
  • 20.80
Y/Y
92.3%
329.33%
55.24%
27%
32.65%
17.8%