OverviewSuggest Edit

Redfin is a company providing real estate search and brokerage services. It offers a website and a mobile app which enable users to buy and sell a home. The company leverages Redfin Estimate, a calculation of the market value of an individual home, Book It Now, a service for requesting a tour with a real estate agent, and Redfin 3D Walkthrough, a feature that provides an interactive view inside a home.
TypePublic
Founded2004
HQSeattle, US
Websiteredfin.com
Employee Ratings3.3

Locations

Redfin is headquartered in
Seattle, United States

Location Map

Latest Updates

Employees (est.) (Dec 2018)2,993(+24%)
Job Openings608
Revenue (FY, 2016)$267.2 M(+43%)
Share Price (Aug 2020)$43.7
Cybersecurity ratingBMore

Key People/Management at Redfin

Glenn Kelman

Glenn Kelman

CEO, President
Robert Mylod

Robert Mylod

Chairman of the Board
Scott Nagel

Scott Nagel

President of Real Estate Operations
Robert Bass

Robert Bass

Director
Chris Nielsen

Chris Nielsen

CFO
Julie Bornstein

Julie Bornstein

Director
Show more

Redfin Office Locations

Redfin has offices in Seattle, Alpharetta, Bellevue, Carlsbad and in 32 other locations
Seattle, US (HQ)
1099 Stewart St #600
Alpharetta, US
5900 Windward Pkwy #110
Bellevue, US
3055 112th Ave NE #100
Carlsbad, US
5942 Priestly Dr
Chandler, US
2121 W Chandler Blvd #112
Chantilly, US
4460 Brookfield Corporate Dr Suite F
Show all (36)

Redfin Financials and Metrics

Redfin Revenue

Embed Graph
View revenue for all periods
Redfin's revenue was reported to be $267.20 m in FY, 2016 which is a 42.6% increase from the previous period.
USD

Revenue (Q2, 2017)

104.9m

Gross profit (Q2, 2017)

37.0m

Gross profit margin (Q2, 2017), %

35.2%

Net income (Q2, 2017)

4.3m

EBIT (Q2, 2017)

4.3m

Market capitalization (7-Aug-2020)

4.3b

Closing stock price (7-Aug-2020)

43.7

Cash (30-Jun-2017)

54.2m

EV

4.3b
Redfin's current market capitalization is $4.3 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

125.4m187.3m267.2m

Revenue growth, %

49%43%

Cost of goods sold

93.3m138.5m184.5m

Gross profit

32.1m48.8m82.7m
Quarterly
USDQ1, 2016Q2, 2016Q1, 2017Q2, 2017

Revenue

41.6m77.7m59.9m104.9m

Cost of goods sold

38.5m50.3m53.5m68.0m

Gross profit

3.1m27.4m6.4m37.0m

Gross profit Margin, %

8%35%11%35%
Annual
USDFY, 2015FY, 2016

Cash

85.6m64.0m

Prepaid Expenses

6.6m4.4m

Current Assets

103.0m93.4m

PP&E

7.4m19.2m
Quarterly
USDQ1, 2017Q2, 2017

Cash

36.2m54.2m

Prepaid Expenses

3.3m2.5m

Current Assets

72.8m87.5m

PP&E

22.4m22.1m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

(24.7m)(30.2m)(22.5m)

Depreciation and Amortization

2.7m4.4m6.3m

Accounts Payable

913.0k152.0k638.0k

Cash From Operating Activities

(13.6m)(22.2m)(9.3m)
Quarterly
USDQ1, 2016Q2, 2016Q1, 2017Q2, 2017

Net Income

(24.3m)(22.9m)(28.1m)(23.8m)

Depreciation and Amortization

1.4m2.9m1.9m3.5m

Accounts Payable

384.0k332.0k(2.9m)901.0k

Cash From Operating Activities

(19.3m)(18.7m)(22.0m)(371.0k)
Show all financial metrics

Redfin Operating Metrics

Redfin's Customers was reported to be 80 k in Jun, 2017.
FY, 2016Jun, 2017

Customers

75 k80 k

Patents (US)

10

Trademarks (Foreign)

2

Trademarks Pending

3
Show all operating metrics

Redfin Acquisitions / Subsidiaries

Company NameDateDeal Size
Walk ScoreOctober 22, 2014

Redfin Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Redfin Revenue Breakdown

Embed Graph

Redfin revenue breakdown by business segment: 97.5% from Real Estate and 2.5% from Other

Human Capital Metrics

Source: github.com
Embed Graph
Show all human capital metrics

Redfin Online and Social Media Presence

Embed Graph

Redfin Frequently Asked Questions

  • When was Redfin founded?

    Redfin was founded in 2004.

  • Who are Redfin key executives?

    Redfin's key executives are Glenn Kelman, Robert Mylod and Scott Nagel.

  • How many employees does Redfin have?

    Redfin has 2,993 employees.

  • What is Redfin revenue?

    Latest Redfin annual revenue is $267.2 m.

  • What is Redfin revenue per employee?

    Latest Redfin revenue per employee is $89.3 k.

  • Who are Redfin competitors?

    Competitors of Redfin include Trulia, Zillow and HomeLight.

  • Where is Redfin headquarters?

    Redfin headquarters is located at 1099 Stewart St #600, Seattle.

  • Where are Redfin offices?

    Redfin has offices in Seattle, Alpharetta, Bellevue, Carlsbad and in 32 other locations.

  • How many offices does Redfin have?

    Redfin has 36 offices.