MARKET COMPOSITE
RDFN - Redfin Corp4:38:25 PM 4/16/2024
Price
$5.59
-0.15 (-2.53%)
Redfin is a real estate brokerage. The Seattle-based company was founded in 2004, and went public in Aug. 2017. Glenn Kelman is the CEO. Redfin's business model is based on sellers paying Redfin a small fee, either 1 or 1.5% to list the seller's home. This does not include an additional fee charged to the seller to compensate the brokerage representing the buyer. This latter fee usually is in the 2.5-3.0% range. Customers who buy with Redfin are only charged 1% to list their home . Buyers who buy with Redfin also get a portion of the brokerages commission back that can be applied to their closing costs or in the form of a check after they close on their home. Redfin was founded in 2004 by David Eraker, Michael Dougherty, and David Selinger. David Eraker, who had dropped out of the University of Washington's medical school for a career in software design, was inspired by his own real estate misadventures and founded Redfin with hopes of upending the traditional brokerage model. Unlike the other major real estate web portals , which get the majority of their earnings from advertising and lead generation, Redfin operates as a brokerage and makes money when users buy or sell homes with its real estate agents.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue106.5MM-60%
Gross Profit75.1MM-24%
Cost Of Revenue31.4MM-82%
Operating Income-40.8MM+60%
Operating Expenses115.8MM-6%
Net Income-22.9MM+21%
R&D43.6MM-2%
G&A51.7MM-7%
Marketing19.8MM-18%
Amortization9.7MM-
Interest Expense4.2MM-
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

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    15 Best Places to Retire in Nevada04-12-2024 02:26:40 AM

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    SEATTLE, April 11, 2024--(NASDAQ: RDFN) — More than one-quarter of recent homebuyers (28%) have no idea how much their agent was paid, and 17% have no idea how the amount was determined, according to a new report from Redfin (www.redfin.com). A similar share—19%—have no idea who paid their agent.

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    SEATTLE, April 10, 2024--(NASDAQ: RDFN) — Nearly one of five (17.8%) homes that sold in San Francisco during the three months ending February 29 sold at a loss, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s comparable with the 17.9% share hit during the three months ending January 31, which was the highest in 11 years.

    SEATTLE, April 10, 2024--(NASDAQ: RDFN) —The median U.S. asking rent rose 0.8% year over year to $1,987 in March, marking the third consecutive increase following three months of decreases, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Asking rents were little changed from February (+0.3%).

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