Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1099 Stewart Street, Suite 600 SEATTLE WA 98101 |
Tel: | 1-206-5768610 |
Website: | https://www.redfin.com |
IR: | See website |
Key People | ||
Glenn Kelman Chief Executive Officer, Director | Christopher John Nielsen Chief Financial Officer | Anna Stevens Chief Human Resource Officer |
Bridget Frey Chief Technology Officer | Anthony Kappus Chief Legal Officer | Christian Taubman Chief Growth Officer |
Business Overview |
Redfin Corporation is a technology-powered real estate company. The Company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sale of their home. The Company's segments include real estate services, rentals and mortgage. The Company uses digital platforms to connect consumers with rental properties. It helps people find a place to live with brokerage, rentals, lending, title insurance and renovations services. The Company's home-buying customers see homes first with on-demand tours, and its lending and title services help them close the transaction. It uses the same combination of technology and local service to originate, service, and subsequently sell mortgage loans and offer title and settlement services. The Company offers digital platforms to connect consumers with available apartments and houses for rent and for other advertising. It serves more than 100 markets across the United States and Canada. |
Financial Overview |
For the fiscal year ended 31 December 2023, Redfin Corp revenues decreased 11% to $976.7M. Net loss applicable to common stockholders excluding extraordinary items decreased 49% to $127.5M. Revenues reflect Real estate segment decrease of 21% to $618.6M. Lower net loss reflects G/L on early Exting of lease relat debt increase of 64% to $94M (income), Advertising costs decrease of 25% to $100.3M (expense). |
Employees: | 4,693 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,553M as of Dec 31, 2023 |
Annual revenue (TTM): | $976.67M as of Dec 31, 2023 |
EBITDA (TTM): | -$145.41M as of Dec 31, 2023 |
Net annual income (TTM): | -$127.47M as of Dec 31, 2023 |
Free cash flow (TTM): | $44.70M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $773.41M as of Dec 31, 2023 |
Shares outstanding: | 119,241,526 as of Feb 21, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |