Redfin Corp (OQ:RDFN)

Business Focus: N/A

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
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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

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