Redfin (RDFN) Financials

$8.74 -0.11 (-1.29%)

As of 03:27 PM Eastern

Annual Income Statements for Redfin

This table shows Redfin's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-132	-78	-191	-42	-81	-23	-117	-323	-131	-166
Consolidated Net Income / (Loss)	-30	-23	-15	-42	-81	-19	-110	-321	-130	-165
Net Income / (Loss) Continuing Operations	-30	-23	-15	-42	-81	-19	-91	-250	-126	-165
Total Pre-Tax Income	-30	-23	-15	-42	-81	-17	-103	-303	-217	-177
Total Operating Income	-30	-23	-16	-44	-79	0.79	-96	-301	-218	-155
Total Gross Profit	49	83	112	119	144	232	393	309	330	364
Total Revenue	187	267	370	487	780	886	1,059	1,100	977	1,043
Operating Revenue	187	267	370	487	780	886	1,059	1,100	977	1,043
Total Cost of Revenue	138	184	258	367	636	654	665	790	647	679
Operating Cost of Revenue	138	184	258	367	636	654	665	790	647	679
Total Operating Expenses	79	106	128	163	223	231	489	610	548	519
Selling, General & Admin Expense	31	42	53	66	77	86	209	243	239	235
Marketing Expense	20	29	32	44	77	55	137	155	118	114
Research & Development Expense	28	35	43	54	70	84	143	179	183	164
Restructuring Charge	-	-	-	-	-	6.52	0.00	32	7.93	5.68
Total Other Income / (Expense), net	0.05	0.17	0.88	1.74	-1.78	-17	-6.86	-2.25	1.01	-21
Interest Expense	-	0.00	0.00	3.68	8.93	19	7.49	8.89	9.52	28
Interest & Investment Income	0.05	0.17	0.88	5.42	7.15	2.07	0.64	6.64	11	6.35
Income Tax Expense	-	-	-	-	0.00	0.00	-6.11	0.12	0.98	-0.53
Other Gains / (Losses), net	0.05	0.09	0.09	0.22	0.22	-1.90	5.36	53	92	11
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-18	-71	-3.63	0.00
Preferred Stock Dividends Declared	102	56	176	0.00	0.00	4.45	7.27	1.56	1.07	1.07
Basic Earnings per Share	($9.87)	($5.42)	($4.47)	($0.49)	($0.88)	($0.23)	($1.12)	($2.99)	($1.16)	($1.36)
Weighted Average Basic Shares Outstanding	13.42M	14.40M	42.72M	85.67M	91.58M	98.57M	104.68M	107.93M	113.15M	121.68M
Diluted Earnings per Share	($9.87)	($5.42)	($4.47)	($0.49)	($0.88)	($0.23)	($1.12)	($2.99)	($1.16)	($1.36)
Weighted Average Diluted Shares Outstanding	13.42M	14.40M	42.72M	85.67M	91.58M	98.57M	104.68M	107.93M	113.15M	121.68M
Weighted Average Basic & Diluted Shares Outstanding	13.42M	14.40M	42.72M	85.67M	91.58M	98.57M	106.40M	109.74M	119.24M	126.39M

This table shows Redfin's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-91	-62	-61	-28	-19	-23	-67	-28	-34	-37
Consolidated Net Income / (Loss)	-90	-62	-61	-27	-19	-23	-67	-28	-34	-36
Net Income / (Loss) Continuing Operations	-46	-38	-57	-27	-19	-23	-67	-28	-34	-36
Total Pre-Tax Income	-45	-95	-57	-47	-26	-88	-67	-34	-34	-43
Total Operating Income	-44	-99	-100	-48	-26	-44	-69	-29	-27	-30
Total Gross Profit	91	35	58	100	98	73	71	110	102	82
Total Revenue	306	-153	214	276	269	218	225	295	278	244
Operating Revenue	306	-153	214	276	269	218	225	295	278	244
Total Cost of Revenue	215	-187	156	175	171	145	155	186	176	162
Operating Cost of Revenue	215	-187	156	175	171	145	155	186	176	162
Total Operating Expenses	135	134	159	148	124	117	140	139	129	112
Selling, General & Admin Expense	58	58	69	62	55	52	68	55	59	54
Marketing Expense	33	23	40	33	24	20	25	40	27	22
Research & Development Expense	43	39	48	47	44	44	46	42	40	35
Restructuring Charge	0.28	14	1.05	6.11	0.00	0.77	0.89	1.33	2.51	0.95
Total Other Income / (Expense), net	-1.05	4.10	44	0.94	0.00	-43	2.31	-4.63	-6.70	-12
Interest Expense	2.22	0.59	-40	1.77	-	-	-0.81	6.09	8.54	14
Interest & Investment Income	1.17	4.69	3.41	2.70	-	-	1.83	1.46	1.84	1.22
Income Tax Expense	0.13	-0.31	0.41	0.23	0.24	0.10	-0.17	0.56	-0.01	-0.91
Preferred Stock Dividends Declared	0.27	0.15	0.23	0.30	0.34	0.22	0.23	0.19	0.28	0.37
Basic Earnings per Share	($1.26)	$0.56	($1.07)	($0.50)	($0.17)	$0.58	($1.14)	($0.46)	($0.28)	$0.52
Weighted Average Basic Shares Outstanding	108.62M	107.93M	110.10M	111.68M	114.59M	113.15M	118.36M	120.39M	122.88M	121.68M
Diluted Earnings per Share	($0.83)	($0.57)	($0.55)	($0.25)	($0.17)	($0.19)	($0.57)	($0.23)	($0.28)	($0.28)
Weighted Average Diluted Shares Outstanding	108.62M	107.93M	110.10M	111.68M	114.59M	113.15M	118.36M	120.39M	122.88M	121.68M
Weighted Average Basic & Diluted Shares Outstanding	108.75M	109.74M	110.81M	113.98M	115.24M	119.24M	119.47M	121.77M	123.98M	126.39M

This table details how cash moves in and out of Redfin's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-23	-21	145	226	-192	698	-228	-476	-91	-26
Net Cash From Operating Activities	-22	-9.35	5.36	-37	-108	61	-302	40	57	-32
Net Cash From Continuing Operating Activities	-22	-9.35	5.36	-37	-108	61	-302	40	57	-32
Net Income / (Loss) Continuing Operations	-30	-23	-15	-42	-81	-19	-110	-321	-130	-165
Consolidated Net Income / (Loss)	-30	-23	-15	-42	-81	-19	-110	-321	-130	-165
Depreciation Expense	4.40	6.29	7.18	8.47	9.23	15	47	65	63	43
Amortization Expense	-	0.00	0.00	2.58	6.39	12	4.99	6.14	3.62	3.12
Non-Cash Adjustments To Reconcile Net Income	5.56	8.41	9.21	17	17	31	60	92	38	90
Changes in Operating Assets and Liabilities, net	-1.94	-1.53	3.97	-23	-60	22	-304	199	82	-3.75
Net Cash From Investing Activities	-4.57	-14	-10	-10	-116	-57	-576	-184	97	34
Net Cash From Continuing Investing Activities	-4.57	-14	-10	-10	-116	-57	-576	-184	97	34
Purchase of Property, Plant & Equipment	-4.61	-14	-12	-8.30	-16	-15	-27	-22	-12	-11
Acquisitions	-	-	-	-	0.00	0.00	-608	-97	0.00	0.00
Purchase of Investments	-1.55	-1.74	-0.99	-2.00	-136	-198	-146	-182	-77	0.00
Sale and/or Maturity of Investments	1.59	1.74	2.74	0.00	36	156	205	117	186	46
Net Cash From Financing Activities	3.55	1.74	150	273	32	694	650	-332	-245	-28
Net Cash From Continuing Financing Activities	3.55	1.74	150	273	32	694	650	-332	-245	-28
Repayment of Debt	0.00	0.00	-8.73	-81	-373	-823	-1,401	-4,839	-3,771	-4,134
Repurchase of Preferred Equity	-	-	-3.56	-	-	-	-	-	-	-40
Payment of Dividends	-2.66	-	-	-	-	-	-	0.00	0.00	-0.37
Issuance of Debt	0.00	0.00	11	223	393	1,399	2,129	4,504	3,532	4,017
Other Financing Activities, net	3.55	1.74	3.28	24	12	8.07	-78	3.18	-6.82	129
Cash Interest Paid	-	-	0.00	0.00	2.46	4.96	7.59	28	16	36

This table details how cash moves in and out of Redfin's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-4.49	-161	-90	-31	5.95	24	-43	94	-37	-41
Net Cash From Operating Activities	20	189	27	-38	103	-35	-46	-7.95	-42	64
Net Cash From Continuing Operating Activities	20	189	27	-38	103	-35	-46	-7.95	-42	64
Net Income / (Loss) Continuing Operations	-90	-62	-61	-27	-19	-23	-67	-28	-34	-36
Consolidated Net Income / (Loss)	-90	-62	-61	-27	-19	-23	-67	-28	-34	-36
Depreciation Expense	16	17	17	17	14	14	14	9.46	9.49	9.43
Amortization Expense	1.46	1.78	1.09	0.94	0.84	0.75	0.71	0.66	0.91	0.84
Non-Cash Adjustments To Reconcile Net Income	68	35	-18	-36	113	-21	3.89	4.68	18	64
Changes in Operating Assets and Liabilities, net	24	197	87	7.58	-7.09	-5.64	1.80	5.13	-36	26
Net Cash From Investing Activities	-22	-3.23	0.02	41	57	-0.48	42	-3.24	-2.19	-2.23
Net Cash From Continuing Investing Activities	-22	-3.23	0.02	41	57	-0.48	42	-3.24	-2.19	-2.23
Purchase of Property, Plant & Equipment	-5.37	-4.04	-2.92	-3.29	-3.02	-2.82	-3.56	-3.24	-2.19	-2.23
Net Cash From Financing Activities	-2.65	-347	-117	-35	-153	59	-39	105	7.57	-102
Net Cash From Continuing Financing Activities	-2.65	-347	-117	-35	-153	59	-39	105	7.57	-102
Repayment of Debt	-1,678	-1,219	-966	-1,100	-1,031	-673	-865	-1,057	-1,095	-1,117
Issuance of Debt	1,678	871	853	1,067	883	729	827	1,161	1,100	929
Other Financing Activities, net	-2.75	0.83	-3.06	-2.43	-4.76	3.42	-0.46	1.63	1.96	126
Cash Interest Paid	6.31	15	4.61	3.76	5.17	2.05	7.08	6.34	12	11

This table presents Redfin's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	133	282	543	596	1,361	2,022	1,574	1,154	1,012
Total Current Assets	93	240	496	452	1,241	1,246	776	445	375
Cash & Equivalents	64	208	433	235	925	591	232	150	125
Restricted Cash	3.82	4.32	6.45	13	21	127	2.41	1.24	0.23
Short-Term Investments	1.75	-	0.00	70	132	34	122	42	0.00
Note & Lease Receivable	0.00	1.89	4.91	22	43	36	200	160	152
Accounts Receivable	11	13	15	19	55	70	46	52	49
Prepaid Expenses	4.39	8.61	12	15	12	23	34	33	27
Other Current Assets	8.78	0.33	2.31	3.50	4.90	7.52	7.45	7.47	22
Plant, Property, & Equipment, net	19	22	25	40	44	59	55	46	41
Total Noncurrent Assets	21	19	21	105	76	717	743	662	596
Long-Term Investments	-	-	0.00	31	12	55	29	3.15	0.00
Goodwill	9.19	9.19	-	12	9.19	409	461	461	461
Intangible Assets	3.78	3.29	12	-	1.83	186	162	123	100
Other Noncurrent Operating Assets	7.90	6.95	9.40	63	53	67	88	74	35
Total Liabilities & Shareholders' Equity	133	282	543	596	1,361	2,022	1,574	1,154	1,012
Total Liabilities	42	47	171	265	730	1,672	1,470	1,111	1,095
Total Current Liabilities	33	36	46	85	186	402	355	268	333
Short-Term Debt	-	-	0.00	4.44	46	223	23	0.00	74
Accounts Payable	5.39	1.90	2.52	2.12	5.64	13	11	11	17
Accrued Expenses	22	27	31	38	83	118	107	90	83
Other Current Liabilities	3.79	6.08	11	41	51	48	209	168	159
Total Noncurrent Liabilities	8.85	11	125	180	544	1,270	1,116	843	763
Long-Term Debt	-	0.00	114	120	488	1,214	1,078	813	742
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	0.00	1.20	0.24	0.26	0.67
Other Noncurrent Operating Liabilities	-	-	0.00	60	56	55	37	29	20
Commitments & Contingencies	0.00	0.00	-	-	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	655	-	-	0.00	40	40	40	40	0.00
Total Equity & Noncontrolling Interests	-564	235	372	331	591	310	64	2.75	-83
Total Preferred & Common Equity	-564	235	372	331	591	310	64	2.75	-83
Total Common Equity	-564	235	372	331	591	310	64	2.75	-83
Common Stock	0.02	364	543	583	861	682	758	826	906
Retained Earnings	-564	-129	-171	-252	-270	-372	-693	-823	-988
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	0.04	0.21	-0.17	-0.80	-0.18	-0.17

This table presents Redfin's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,051	1,354	1,304	1,126	1,071	1,181	1,151
Total Current Assets	1,222	593	560	397	378	524	505
Cash & Equivalents	360	150	119	126	107	202	166
Restricted Cash	44	2.42	2.38	1.41	1.27	0.76	0.17
Short-Term Investments	110	141	101	42	0.00	0.00	0.00
Note & Lease Receivable	256	193	234	138	165	208	213
Accounts Receivable	96	48	68	55	55	76	75
Prepaid Expenses	27	34	26	26	38	28	31
Other Current Assets	27	15	9.98	8.81	12	9.87	21
Plant, Property, & Equipment, net	59	53	49	48	46	45	43
Total Noncurrent Assets	770	709	694	681	647	612	603
Long-Term Investments	42	9.57	5.47	5.47	0.00	0.00	0.00
Goodwill	461	461	461	461	461	461	461
Intangible Assets	172	153	143	133	114	109	104
Other Noncurrent Operating Assets	95	85	84	81	72	42	38
Total Liabilities & Shareholders' Equity	2,051	1,354	1,304	1,126	1,071	1,181	1,151
Total Liabilities	1,904	1,294	1,254	1,080	1,077	1,194	1,176
Total Current Liabilities	646	329	385	249	285	353	337
Accounts Payable	12	10	15	12	16	12	14
Accrued Expenses	134	92	103	88	97	125	101
Other Current Liabilities	274	203	244	149	171	217	222
Total Noncurrent Liabilities	1,258	965	869	831	792	841	839
Long-Term Debt	1,218	929	835	800	765	815	815
Noncurrent Deferred & Payable Income Tax Liabilities	0.34	0.25	0.26	0.26	0.29	0.64	0.65
Other Noncurrent Operating Liabilities	40	36	34	31	27	25	23
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	40	40	40	40	40	40	40
Total Equity & Noncontrolling Interests	107	21	9.50	5.75	-46	-53	-65
Total Preferred & Common Equity	107	21	9.50	5.75	-46	-53	-65
Total Common Equity	107	21	9.50	5.75	-46	-53	-65
Common Stock	740	775	791	806	845	865	887
Retained Earnings	-631	-754	-781	-800	-890	-918	-952
Accumulated Other Comprehensive Income / (Loss)	-1.05	-0.44	-0.45	-0.26	-0.15	-0.14	-0.14

This table displays calculated financial ratios and metrics derived from Redfin's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	42.63%	38.49%	31.59%	60.15%	13.63%	19.47%	3.87%	-11.18%	6.79%
EBITDA Growth	0.00%	36.30%	46.66%	-273.86%	-93.50%	143.05%	-260.40%	-954.61%	67.29%	27.85%
EBIT Growth	0.00%	24.76%	29.90%	-175.07%	-80.38%	101.00%	-12,200.38%	-213.93%	27.52%	28.80%
NOPAT Growth	0.00%	24.78%	29.90%	-175.07%	-80.38%	101.00%	-12,200.38%	-213.93%	27.52%	28.80%
Net Income Growth	0.00%	25.50%	33.40%	-179.82%	-92.49%	77.07%	-491.64%	-192.98%	59.51%	-26.74%
EPS Growth	0.00%	45.09%	17.53%	89.04%	-79.59%	73.86%	-386.96%	-166.96%	61.20%	-17.24%
Operating Cash Flow Growth	0.00%	57.91%	157.26%	-785.38%	-193.20%	156.93%	-592.22%	113.43%	40.17%	-156.92%
Free Cash Flow Firm Growth	0.00%	0.00%	68.81%	-358.95%	-113.31%	127.49%	-3,141.90%	108.13%	-254.48%	53.44%
Invested Capital Growth	0.00%	0.00%	3.10%	104.07%	130.58%	-29.28%	1,193.22%	-29.55%	-4.43%	-7.86%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	6.19%	16.26%	1.29%	-30.55%	6.64%	61.17%	2.58%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-33.16%	9.23%	343.59%	-253.44%	-219.51%	25.09%	7.79%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-29.99%	6.71%	102.50%	-62.20%	-41.35%	20.11%	8.34%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-29.99%	6.71%	102.50%	-62.20%	-41.35%	20.11%	8.34%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-33.03%	5.21%	54.08%	-59.84%	-12.21%	23.10%	-8.90%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-107.66%	6.38%	0.00%	0.00%	-11.57%	24.68%	-7.09%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-32.59%	-39.95%	27.55%	-19.98%	25.43%	212.68%	-79.76%	75.28%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	28.14%	-46.16%	9.29%	171.77%	-170.48%	20.97%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	94.09%	-15.05%	69.67%	-8.76%	-33.31%	-1.66%	-2.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.07%	30.97%	30.22%	24.53%	18.48%	26.19%	37.14%	56.23%	33.77%	34.92%
EBITDA Margin	-13.82%	-6.17%	-2.38%	-6.75%	-8.16%	3.09%	-4.15%	-20.90%	-15.52%	-10.49%
Operating Margin	-16.17%	-8.53%	-4.32%	-9.02%	-10.16%	0.09%	-9.05%	-54.72%	-22.33%	-14.89%
EBIT Margin	-16.16%	-8.53%	-4.32%	-9.02%	-10.16%	0.09%	-9.05%	-27.36%	-22.33%	-14.89%
Profit (Net Income) Margin	-16.14%	-8.43%	-4.05%	-8.62%	-10.36%	-2.09%	-10.35%	-58.41%	-13.31%	-15.80%
Tax Burden Percent	100.00%	99.62%	99.42%	99.48%	99.72%	111.41%	106.74%	234.57%	59.91%	93.27%
Interest Burden Percent	99.85%	99.24%	94.48%	96.05%	102.25%	-2,099.62%	107.15%	100.75%	99.54%	113.80%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-144.41%	-49.85%	-88.83%	-72.22%	0.61%	-12.71%	-25.22%	-22.61%	-17.15%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-125.51%	-47.14%	-84.66%	-63.00%	5.51%	-125.18%	-86.78%	-18.85%	-25.73%
Return on Net Nonoperating Assets (RNNOA)	0.00%	95.27%	40.67%	75.01%	49.24%	-4.46%	-9.66%	-116.38%	-154.81%	841.96%
Return on Equity (ROE)	0.00%	-49.14%	-9.17%	-13.82%	-22.98%	-3.85%	-22.37%	-141.60%	-177.42%	824.81%
Cash Return on Invested Capital (CROIC)	0.00%	-344.41%	-52.90%	-157.28%	-151.22%	34.91%	-184.00%	9.46%	-18.08%	-8.97%
Operating Return on Assets (OROA)	0.00%	-17.07%	-7.69%	-10.65%	-13.91%	0.08%	-5.67%	-16.73%	-15.99%	-14.33%
Return on Assets (ROA)	0.00%	-16.88%	-7.22%	-10.18%	-14.19%	-1.89%	-6.48%	-17.86%	-9.53%	-15.22%
Return on Common Equity (ROCE)	0.00%	302.15%	9.21%	-13.82%	-22.98%	-3.69%	-20.55%	0.00%	-80.74%	1,649.58%
Return on Equity Simple (ROE_SIMPLE)	0.00%	4.00%	-6.37%	-11.29%	-24.38%	-3.14%	-35.38%	-502.15%	-4,731.66%	199.35%
Net Operating Profit after Tax (NOPAT)	-21	-16	-11	-31	-55	0.55	-67	-211	-153	-109
NOPAT Margin	-11.32%	-5.97%	-3.02%	-6.32%	-7.11%	0.06%	-6.34%	-38.31%	-15.63%	-10.42%
Net Nonoperating Expense Percent (NNEP)	0.00%	-18.90%	-2.71%	-4.17%	-9.22%	-4.90%	112.47%	0.00%	-3.76%	8.58%
Return On Investment Capital (ROIC_SIMPLE)	-	2.83%	-4.75%	-6.33%	-12.18%	0.05%	-3.84%	-36.14%	-18.71%	-14.83%
Cost of Revenue to Revenue	73.93%	69.03%	69.78%	75.47%	81.52%	73.81%	62.86%	71.89%	66.23%	65.08%
SG&A Expenses to Revenue	16.76%	15.86%	14.33%	13.45%	9.86%	9.66%	19.72%	44.27%	24.45%	22.57%
R&D to Revenue	14.86%	12.94%	11.49%	11.05%	8.95%	9.51%	13.55%	16.27%	18.77%	15.72%
Operating Expenses to Revenue	42.24%	39.49%	34.54%	33.55%	28.64%	26.11%	46.20%	110.95%	56.10%	49.81%
Earnings before Interest and Taxes (EBIT)	-30	-23	-16	-44	-79	0.79	-96	-301	-218	-155
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-26	-16	-8.80	-33	-64	27	-44	-463	-152	-109
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	10.83	3.47	5.88	11.89	13.07	7.21	432.79	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	11.44	3.58	6.10	12.12	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	6.89	2.65	2.50	7.93	3.83	0.42	1.22	0.94
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	102.65	20.74	16.11	85.90	4.82	1.76	2.80	2.74
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	6.32	1.98	2.21	7.35	4.46	2.21	1.89	1.60
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	237.61	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	8,218.55	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	11,740.78	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	436.54	0.00	0.00	106.24	0.00	30.04	32.53	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	203.86	0.00	15.39	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.31	0.37	0.85	4.11	10.61	19.04	-9.87
Long-Term Debt to Equity	0.00	0.00	0.00	0.31	0.36	0.77	3.47	0.00	19.04	-8.98
Financial Leverage	0.00	-0.76	-0.86	-0.89	-0.78	-0.81	0.08	0.00	8.21	-32.72
Leverage Ratio	0.00	1.46	1.27	1.36	1.62	2.03	3.45	0.00	18.61	-54.21
Compound Leverage Factor	0.00	1.44	1.20	1.30	1.66	-42.71	3.70	7.99	18.52	-61.69
Debt to Total Capital	0.00%	0.00%	0.00%	23.39%	27.25%	45.89%	80.43%	0.00%	95.01%	111.28%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.98%	3.99%	12.48%	0.00%	0.00%	10.03%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	23.39%	26.28%	41.91%	67.94%	89.44%	95.01%	101.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	714.88%	0.00%	0.00%	0.00%	3.42%	2.23%	3.31%	4.67%	0.00%
Common Equity to Total Capital	0.00%	-614.88%	100.00%	76.61%	72.75%	50.69%	17.34%	5.31%	0.32%	-11.28%
Debt to EBITDA	0.00	0.00	0.00	-3.45	-1.95	19.52	-32.71	-4.79	-5.36	-7.46
Net Debt to EBITDA	0.00	0.00	0.00	9.90	3.52	-20.25	-14.34	-3.11	-4.07	-6.31
Long-Term Debt to EBITDA	0.00	0.00	0.00	-3.45	-1.88	17.82	-27.63	-4.69	-5.36	-6.78
Debt to NOPAT	0.00	0.00	0.00	-3.69	-2.24	964.46	-21.42	-5.23	-5.33	-7.50
Net Debt to NOPAT	0.00	0.00	0.00	10.58	4.04	-1,000.37	-9.39	-3.40	-4.04	-6.35
Long-Term Debt to NOPAT	0.00	0.00	0.00	-3.69	-2.16	880.71	-18.10	-5.12	-5.33	-6.83
Altman Z-Score	0.00	0.00	34.24	5.71	5.44	7.08	2.06	-0.04	0.05	-0.26
Noncontrolling Interest Sharing Ratio	0.00%	714.88%	200.36%	0.00%	0.00%	4.14%	8.13%	0.00%	54.49%	-100.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.83	6.70	10.74	5.30	6.68	3.10	2.19	1.66	1.13
Quick Ratio	0.00	2.32	6.24	9.80	4.06	6.21	1.82	0.00	1.50	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-38	-12	-54	-116	32	-971	79	-122	-57
Operating Cash Flow to CapEx	-482.33%	-68.93%	44.21%	-442.03%	-692.78%	417.18%	-1,096.93%	376.12%	470.79%	-288.22%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-14.79	-13.01	1.64	-129.66	8.89	-12.82	-2.05
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	-9.97	-12.05	3.14	-40.26	4.56	5.96	-1.16
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-12.23	-13.79	2.39	-43.93	2.13	4.69	-1.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	2.00	1.78	1.18	1.37	0.91	0.63	0.00	0.72	0.96
Accounts Receivable Turnover	0.00	25.15	30.89	33.94	45.09	23.97	17.03	18.96	19.91	20.76
Inventory Turnover	0.00	0.00	0.00	28.19	13.07	10.57	3.27	0.00	0.00	0.00
Fixed Asset Turnover	0.00	13.90	17.81	20.50	24.08	21.21	20.62	19.36	19.27	23.78
Accounts Payable Turnover	0.00	34.25	70.88	166.40	274.12	168.42	73.16	66.96	59.97	49.63
Days Sales Outstanding (DSO)	0.00	14.51	11.82	10.76	8.09	15.23	21.43	38.50	18.33	17.58
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	12.95	27.93	34.53	111.73	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	10.66	5.15	2.19	1.33	2.17	4.99	10.90	6.09	7.35
Cash Conversion Cycle (CCC)	0.00	3.86	6.67	21.51	34.69	47.60	128.17	13.80	12.25	10.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	22	23	46	107	76	980	690	660	608
Invested Capital Turnover	0.00	24.19	16.50	14.06	10.15	9.69	2.01	1.32	1.45	1.65
Increase / (Decrease) in Invested Capital	0.00	22	0.68	24	61	-31	904	-290	-31	-52
Enterprise Value (EV)	0.00	0.00	2,338	964	1,726	6,509	4,720	2,433	1,846	1,666
Market Capitalization	0.00	0.00	2,550	1,289	1,950	7,024	4,049	461	1,189	976
Book Value per Share	$0.00	($39.16)	$2.89	$4.15	$3.59	$5.77	$2.94	$0.59	$0.02	($0.67)
Tangible Book Value per Share	$0.00	($40.06)	$2.74	$4.02	$3.47	$5.66	($2.71)	($5.15)	($5.05)	($5.19)
Total Capital	0.00	92	235	486	456	1,165	1,787	2,411	856	733
Total Debt	0.00	0.00	0.00	114	124	535	1,437	1,102	813	816
Total Long-Term Debt	0.00	0.00	0.00	114	120	488	1,214	2,156	813	742
Net Debt	0.00	-70	-213	-325	-224	-555	630	1,430	617	691
Capital Expenditures (CapEx)	4.61	14	12	8.30	16	15	27	43	12	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-9.15	-8.31	11	53	24	315	88	-16	-8.58
Debt-free Net Working Capital (DFNWC)	0.00	60	204	450	371	1,102	1,067	891	177	116
Net Working Capital (NWC)	0.00	60	204	450	366	1,055	844	844	177	43
Net Nonoperating Expense (NNE)	9.03	6.58	3.82	11	25	19	43	111	-23	56
Net Nonoperating Obligations (NNO)	0.00	-70	-213	-325	-224	-555	630	586	617	691
Total Depreciation and Amortization (D&A)	4.40	6.29	7.18	11	16	27	52	71	66	46
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-3.42%	-2.25%	2.25%	6.85%	2.73%	29.78%	8.04%	-1.67%	-0.82%
Debt-free Net Working Capital to Revenue	0.00%	22.62%	55.22%	92.42%	47.56%	124.31%	100.82%	80.99%	18.08%	11.16%
Net Working Capital to Revenue	0.00%	22.62%	55.22%	92.42%	46.99%	119.07%	79.75%	76.72%	18.08%	4.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($4.47)	($0.49)	($0.88)	($0.23)	($1.12)	($2.99)	($1.16)	($1.36)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	81.78M	90.49M	93.12M	103.21M	104.68M	107.93M	113.15M	121.68M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($4.47)	($0.49)	($0.88)	($0.23)	($1.12)	($2.99)	($1.16)	($1.36)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	81.78M	90.49M	93.12M	103.21M	104.68M	107.93M	113.15M	121.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($4.47)	($0.49)	($0.88)	($0.23)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	42.72M	85.67M	91.58M	98.57M	106.40M	109.74M	119.24M	126.39M
Normalized Net Operating Profit after Tax (NOPAT)	-21	-16	-11	-31	-55	5.12	-67	-188	-147	-105
Normalized NOPAT Margin	-11.32%	-5.97%	-3.02%	-6.32%	-7.11%	0.58%	-6.34%	-17.09%	-15.06%	-10.04%
Pre Tax Income Margin	-16.14%	-8.46%	-4.08%	-8.67%	-10.39%	-1.88%	-9.70%	-27.57%	-22.22%	-16.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	-11.94	-8.88	0.04	-12.79	-33.86	-22.90	-5.59
NOPAT to Interest Expense	0.00	0.00	0.00	-8.35	-6.21	0.03	-8.96	-23.70	-16.03	-3.91
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-14.19	-10.62	-0.71	-16.46	-36.28	-24.16	-5.99
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-10.61	-7.95	-0.72	-12.63	-26.12	-17.29	-4.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-8.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.22%
Augmented Payout Ratio	-8.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.22%

This table displays calculated financial ratios and metrics derived from Redfin's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-43.38%	30.97%	-64.16%	-21.06%	-12.04%	242.91%	5.32%	7.13%	3.37%	12.02%
EBITDA Growth	-1,149.23%	-1,730.87%	-139.75%	8.79%	80.34%	63.57%	67.00%	68.42%	-59.44%	31.77%
EBIT Growth	-344.07%	-792.16%	-18.25%	33.94%	71.11%	55.36%	30.86%	39.55%	-5.58%	31.94%
NOPAT Growth	-122.04%	-792.16%	-17.97%	67.87%	42.21%	55.36%	31.03%	39.55%	-5.58%	31.94%
Net Income Growth	-376.25%	-129.41%	33.05%	129.98%	78.98%	63.04%	-9.83%	-1.91%	-78.06%	-58.81%
EPS Growth	-315.00%	-119.23%	36.05%	65.75%	79.52%	66.67%	-3.64%	8.00%	-64.71%	-47.37%
Operating Cash Flow Growth	109.98%	67.90%	-66.20%	84.72%	412.43%	-118.35%	-272.18%	78.98%	-141.07%	283.84%
Free Cash Flow Firm Growth	100.77%	48.45%	108.67%	-25.21%	4,235.20%	246.76%	-84.84%	332.31%	-91.97%	-95.54%
Invested Capital Growth	-3.62%	-29.55%	-16.50%	-36.77%	-35.19%	-52.22%	-8.32%	-55.84%	-6.96%	-7.86%
Revenue Q/Q Growth	-12.40%	-149.90%	240.29%	57.43%	-2.40%	-18.92%	3.39%	30.92%	-5.82%	-12.13%
EBITDA Q/Q Growth	5.89%	48.80%	-106.70%	127.85%	82.56%	-180.17%	-87.24%	65.48%	11.96%	-19.90%
EBIT Q/Q Growth	-21.96%	-12.21%	-1.54%	104.91%	46.66%	-73.36%	-57.25%	58.43%	6.83%	-11.75%
NOPAT Q/Q Growth	39.02%	-124.41%	-1.30%	52.35%	46.66%	-73.36%	-12.32%	58.23%	6.83%	-11.75%
Net Income Q/Q Growth	-30.97%	31.36%	1.85%	110.00%	30.65%	-20.69%	-191.62%	58.25%	-21.17%	-7.65%
EPS Q/Q Growth	-13.70%	31.33%	3.51%	54.55%	32.00%	-11.76%	-200.00%	59.65%	-21.74%	0.00%
Operating Cash Flow Q/Q Growth	108.09%	844.38%	-85.87%	-241.62%	371.14%	-133.81%	-32.62%	82.71%	-429.92%	251.33%
Free Cash Flow Firm Q/Q Growth	103.15%	-5,984.24%	-68.20%	-553.71%	209.01%	99.20%	184.45%	6,850.57%	-96.23%	10.66%
Invested Capital Q/Q Growth	-3.60%	33.38%	2.88%	91.22%	-50.60%	-1.66%	-1.31%	-7.90%	4.09%	-2.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.65%	0.00%	54.31%	72.72%	36.56%	33.54%	31.41%	37.12%	36.64%	33.54%
EBITDA Margin	-8.64%	0.00%	-38.56%	-21.61%	-3.86%	-13.34%	-24.16%	-6.37%	-5.96%	-8.13%
Operating Margin	-14.45%	0.00%	-93.81%	-34.73%	-9.49%	-20.29%	-30.72%	-9.80%	-9.69%	-12.33%
EBIT Margin	-28.89%	0.00%	-94.03%	-17.37%	-9.49%	-20.29%	-30.86%	-9.80%	-9.69%	-12.33%
Profit (Net Income) Margin	-29.51%	0.00%	-56.80%	-19.86%	-7.05%	-10.50%	-29.61%	-9.44%	-12.15%	-14.89%
Tax Burden Percent	199.58%	65.19%	213.70%	116.62%	74.32%	26.11%	99.74%	83.09%	100.39%	85.49%
Interest Burden Percent	204.73%	95.86%	113.06%	98.04%	100.00%	198.19%	96.20%	115.99%	124.85%	141.24%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-9.89%	0.00%	-30.14%	-8.92%	-4.72%	-13.60%	-31.21%	-7.06%	-10.65%	-14.20%
ROIC Less NNEP Spread (ROIC-NNEP)	-17.28%	0.00%	-28.59%	-8.09%	-4.87%	-12.26%	-34.01%	-7.88%	-13.00%	-16.54%
Return on Net Nonoperating Assets (RNNOA)	-54.90%	0.00%	-104.17%	-44.31%	-38.15%	-100.63%	-810.76%	-402.02%	-808.07%	541.20%
Return on Equity (ROE)	-64.78%	0.00%	0.00%	-53.22%	-42.87%	-114.23%	-841.97%	-409.08%	-818.72%	526.99%
Cash Return on Invested Capital (CROIC)	-10.44%	0.00%	0.00%	-1,010.67%	20.30%	-11.96%	-10.54%	65.46%	-11.10%	-8.97%
Operating Return on Assets (OROA)	-7.28%	0.00%	-20.91%	-6.43%	-3.62%	-14.53%	-25.14%	-7.95%	-8.66%	-11.87%
Return on Assets (ROA)	-14.87%	0.00%	-12.63%	-3.68%	-2.69%	-7.52%	-24.13%	-7.66%	-10.85%	-14.34%
Return on Common Equity (ROCE)	0.00%	0.00%	-102.42%	-37.52%	-25.13%	-51.98%	385.37%	482.41%	2,374.01%	1,053.96%
Return on Equity Simple (ROE_SIMPLE)	-266.51%	0.00%	-1,408.90%	-2,529.70%	-2,938.88%	0.00%	297.27%	258.83%	232.13%	0.00%
Net Operating Profit after Tax (NOPAT)	-31	-69	-70	-33	-18	-31	-48	-20	-19	-21
NOPAT Margin	-10.11%	0.00%	-32.83%	-12.16%	-6.64%	-14.20%	-21.50%	-6.86%	-6.79%	-8.63%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	-0.83%	0.15%	-1.34%	2.80%	0.82%	2.34%	2.34%
Return On Investment Capital (ROIC_SIMPLE)	-1.99%	0.00%	0.00%	-7.72%	-2.22%	-3.80%	-6.74%	-2.66%	-2.52%	-2.88%
Cost of Revenue to Revenue	140.70%	0.00%	145.69%	63.64%	63.44%	66.46%	68.59%	62.88%	63.36%	66.46%
SG&A Expenses to Revenue	18.96%	0.00%	64.87%	44.83%	20.59%	23.94%	30.10%	18.53%	21.15%	22.10%
R&D to Revenue	28.34%	0.00%	44.53%	17.11%	16.51%	20.22%	20.59%	14.30%	14.51%	14.31%
Operating Expenses to Revenue	88.19%	0.00%	74.06%	53.73%	46.05%	53.84%	62.12%	46.92%	46.33%	45.87%
Earnings before Interest and Taxes (EBIT)	-88	-99	-101	-48	-26	-44	-70	-29	-27	-30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-53	-80	-165	-60	-10	-29	-54	-19	-17	-20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.90	7.21	48.11	144.85	139.47	432.79	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.61	0.42	1.39	2.14	1.32	1.22	0.80	0.71	1.50	0.94
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.51	1.76	2.37	3.01	2.19	2.80	2.29	2.29	3.55	2.74
Enterprise Value to Revenue (EV/Rev)	1.51	1.11	2.35	3.18	2.42	1.89	1.51	1.36	2.18	1.60
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	60.08	0.00	10.35	5.23	32.53	0.00	98.28	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	15.39	0.00	0.00	8.47	0.00	0.00	2.14	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	15.71	17.36	17.50	19.04	-132.41	-63.85	-32.35	-9.87
Long-Term Debt to Equity	0.00	0.00	0.00	33.77	17.50	19.04	-132.41	-63.85	-32.35	-8.98
Financial Leverage	3.18	2.68	0.00	5.48	7.84	8.21	23.84	51.04	62.18	-32.72
Leverage Ratio	0.00	0.00	0.00	39.20	16.46	18.61	44.25	67.77	111.08	-54.21
Compound Leverage Factor	0.00	0.00	5.42	12.58	16.46	36.88	42.57	78.60	138.68	-76.56
Debt to Total Capital	0.00%	91.38%	94.02%	189.11%	94.59%	95.01%	100.76%	101.59%	103.19%	111.28%
Short-Term Debt to Total Capital	14.19%	1.94%	0.00%	2.59%	0.00%	0.00%	0.00%	0.00%	0.00%	10.03%
Long-Term Debt to Total Capital	0.00%	89.44%	0.00%	183.93%	94.59%	95.01%	100.76%	101.59%	103.19%	101.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	3.94%	4.40%	4.73%	4.67%	5.26%	4.98%	5.06%	0.00%
Common Equity to Total Capital	0.00%	5.31%	0.00%	2.09%	0.68%	0.32%	-6.02%	-6.57%	-8.25%	-11.28%
Debt to EBITDA	-9.95	-2.38	-3.91	-3.93	-3.95	-5.36	-6.08	-7.25	-6.87	-7.46
Net Debt to EBITDA	-6.12	-1.54	-2.67	-2.89	-3.09	-4.07	-5.22	-5.45	-5.48	-6.31
Long-Term Debt to EBITDA	-8.40	-2.33	-3.82	-3.82	-3.95	-5.36	-6.08	-7.25	-6.87	-6.78
Debt to NOPAT	-9.69	-5.23	-4.30	-4.20	-4.19	-5.33	-5.85	-6.93	-6.88	-7.50
Net Debt to NOPAT	-5.96	-3.40	-2.94	-3.09	-3.27	-4.04	-5.02	-5.21	-5.48	-6.35
Long-Term Debt to NOPAT	-8.17	-5.12	-4.20	-4.09	-4.19	-5.33	-5.85	-6.93	-6.88	-6.83
Altman Z-Score	0.54	0.00	0.20	0.35	0.07	0.55	0.09	0.22	0.60	0.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	110.28%	41.38%	54.49%	145.77%	217.92%	389.97%	-100.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.19	0.00	1.46	1.59	1.66	1.33	1.48	1.50	1.13
Quick Ratio	0.00	0.00	0.00	2.71	1.45	1.50	1.15	1.37	1.34	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	7.99	-470	70	-318	346	690	11	738	28	31
Operating Cash Flow to CapEx	372.99%	4,683.52%	1,829.67%	-1,148.12%	3,393.22%	-1,229.00%	-1,292.30%	-245.54%	-1,924.07%	2,864.67%
Free Cash Flow to Firm to Interest Expense	3.60	-798.18	0.00	-179.93	0.00	0.00	0.00	121.29	3.26	2.20
Operating Cash Flow to Interest Expense	9.02	320.85	0.00	-21.42	0.00	0.00	0.00	-1.31	-4.93	4.56
Operating Cash Flow Less CapEx to Interest Expense	6.60	314.00	0.00	-46.56	0.00	0.00	0.00	-1.84	-5.19	4.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.00	0.44	0.37	0.38	0.72	0.81	0.81	0.89	0.96
Accounts Receivable Turnover	10.95	18.96	14.27	8.36	8.00	19.91	19.19	14.07	15.63	20.76
Inventory Turnover	1.79	0.00	3.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	17.97	19.36	12.63	11.80	11.26	19.27	20.03	21.32	22.17	23.78
Accounts Payable Turnover	58.61	66.96	25.67	20.58	25.77	59.97	49.54	49.92	50.34	49.63
Days Sales Outstanding (DSO)	33.32	38.50	25.59	43.67	45.61	18.33	19.02	25.95	23.35	17.58
Days Inventory Outstanding (DIO)	203.85	0.00	110.89	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	6.23	5.45	14.22	17.73	14.16	6.09	7.37	7.31	7.25	7.35
Cash Conversion Cycle (CCC)	230.95	27.59	122.26	25.94	31.45	12.25	11.65	18.64	16.10	10.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,035	1,381	710	1,358	671	660	651	600	624	608
Invested Capital Turnover	0.98	1.32	0.92	0.73	0.71	0.96	1.45	1.03	1.57	1.65
Increase / (Decrease) in Invested Capital	-39	401	-140	284	-364	-721	-59	-758	-47	-52
Enterprise Value (EV)	1,561	1,216	2,678	2,047	1,468	1,846	1,490	1,370	2,215	1,666
Market Capitalization	633	461	1,988	1,376	802	1,189	793	718	1,526	976
Book Value per Share	$0.99	$0.59	$0.19	$0.09	$0.05	$0.02	($0.38)	($0.44)	($0.54)	($0.67)
Tangible Book Value per Share	($4.85)	($5.15)	($5.41)	($10.73)	($5.16)	($5.05)	($5.20)	($5.21)	($5.18)	($5.19)
Total Capital	1,591	2,411	1,013	1,815	845	856	760	802	790	733
Total Debt	1,444	2,203	952	1,716	800	813	765	815	815	816
Total Long-Term Debt	1,218	2,156	929	1,669	800	813	765	815	815	742
Net Debt	888	1,430	650	1,262	625	617	657	612	649	691
Capital Expenditures (CapEx)	11	4.04	2.92	6.59	3.02	2.82	3.56	3.24	2.19	2.23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	288	177	-5.58	-23	-21	-16	-15	-32	1.45	-8.58
Debt-free Net Working Capital (DFNWC)	802	891	287	398	148	177	94	171	167	116
Net Working Capital (NWC)	576	422	264	176	148	177	94	171	167	43
Net Nonoperating Expense (NNE)	119	-7.44	-19	-6.14	1.10	-8.08	18	7.63	15	15
Net Nonoperating Obligations (NNO)	888	586	650	1,259	625	617	657	612	649	691
Total Depreciation and Amortization (D&A)	36	38	36	36	15	15	15	10	10	10
Debt-free, Cash-free Net Working Capital to Revenue	27.94%	8.04%	-0.78%	-3.52%	-3.46%	-1.67%	-1.48%	-3.13%	0.14%	-0.82%
Debt-free Net Working Capital to Revenue	77.79%	80.99%	40.11%	30.99%	24.42%	18.08%	9.49%	16.97%	16.45%	11.16%
Net Working Capital to Revenue	55.89%	76.72%	36.83%	27.33%	24.42%	18.08%	9.49%	16.97%	16.45%	4.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.83)	$0.56	($0.55)	($0.50)	($0.34)	$0.58	($1.14)	($0.46)	($0.28)	$0.52
Adjusted Weighted Average Basic Shares Outstanding	108.62M	107.93M	110.10M	111.68M	114.59M	113.15M	118.36M	120.39M	122.88M	121.68M
Adjusted Diluted Earnings per Share	($0.83)	($0.57)	($0.55)	($0.25)	($0.17)	($0.19)	($0.57)	($0.23)	($0.28)	($0.28)
Adjusted Weighted Average Diluted Shares Outstanding	108.62M	107.93M	110.10M	111.68M	114.59M	113.15M	118.36M	120.39M	122.88M	121.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($27,509,000.00)	($19,307,000.00)	$0.00	($67,007,000.00)	($28,071,000.00)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	108.75M	109.74M	110.81M	113.98M	115.24M	119.24M	119.47M	121.77M	123.98M	126.39M
Normalized Net Operating Profit after Tax (NOPAT)	-31	-60	-139	-58	-18	-30	-48	-19	-17	-20
Normalized NOPAT Margin	-10.05%	0.00%	-64.98%	-21.21%	-6.64%	-13.96%	-21.22%	-6.54%	-6.15%	-8.36%
Pre Tax Income Margin	-29.58%	0.00%	-53.16%	-17.03%	-9.49%	-40.22%	-29.69%	-11.37%	-12.10%	-17.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-19.91	-168.30	0.00	-27.10	0.00	0.00	0.00	-4.75	-3.16	-2.16
NOPAT to Interest Expense	-27.87	-117.81	0.00	-37.94	0.00	0.00	0.00	-3.33	-2.21	-1.51
EBIT Less CapEx to Interest Expense	-42.23	-175.15	0.00	-57.93	0.00	0.00	0.00	-5.29	-3.41	-2.32
NOPAT Less CapEx to Interest Expense	-30.29	-124.66	0.00	-41.67	0.00	0.00	0.00	-3.86	-2.47	-1.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.22%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.22%

Frequently Asked Questions About Redfin's Financials

When does Redfin's financial year end?

According to the most recent income statement we have on file, Redfin's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Redfin's net income changed over the last 9 years?

Redfin's net income appears to be on an upward trend, with a most recent value of -$164.80 million in 2024, rising from -$30.24 million in 2015. The previous period was -$130.03 million in 2023.

What is Redfin's operating income?

Redfin's total operating income in 2024 was -$155.26 million, based on the following breakdown:

Total Gross Profit: $364.20 million
Total Operating Expenses: $519.46 million

How has Redfin revenue changed over the last 9 years?

Over the last 9 years, Redfin's total revenue changed from $187.34 million in 2015 to $1.04 billion in 2024, a change of 456.7%.

How much debt does Redfin have?

Redfin's total liabilities were at $1.10 billion at the end of 2024, a 1.4% decrease from 2023, and a 2,520.2% increase since 2016.

How much cash does Redfin have?

In the past 8 years, Redfin's cash and equivalents has ranged from $64.03 million in 2016 to $925.28 million in 2020, and is currently $124.74 million as of their latest financial filing in 2024.

How has Redfin's book value per share changed over the last 9 years?

Over the last 9 years, Redfin's book value per share changed from 0.00 in 2015 to -0.67 in 2024, a change of -66.7%.

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This page (NASDAQ:RDFN) was last updated on 4/15/2025 by MarketBeat.com Staff

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Redfin (RDFN) Financials

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Redfin (RDFN) Financials

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