Redfin

OverviewSuggest Edit

Redfin is a company providing real estate search and brokerage services. It offers a website and a mobile app that enable users to buy and sell homes. 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, WA, US
Websiteredfin.com
Employee Ratings4.1
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)4,185(+11%)
Job Openings458
Revenue (FY, 2016)$267.2 M(+43%)
Share Price (Aug 2022)$8.5(-2%)
Cybersecurity ratingBMore
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Key People/Management at Redfin

Glenn Kelman

Glenn Kelman

CEO, Director
Chris Nielsen

Chris Nielsen

Chief Financial Officer
Bridget Frey

Bridget Frey

Chief Technology Officer
Scott Nagel

Scott Nagel

President of Strategic Initiatives
Adam Wiener

Adam Wiener

President of Real Estate Operations
Christian Taubman

Christian Taubman

Chief Growth Officer
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Redfin Office Locations

Redfin has offices in Seattle, Albuquerque, Altamonte Springs, Asbury Park and in 47 other locations
Seattle, WA, US (HQ)
1099 Stewart St #600
Albuquerque, NM, US
400 Gold Ave SW #700
Altamonte Springs, FL, US
260 Maitland Ave
Asbury Park, NJ, US
619 Lake Ave 3rd Fl, Suite 500
Bellevue, WA, US
1715 114th Ave SE #220
Canton, MA, US
150 Royall St #202
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Redfin Financials and Metrics

Redfin Revenue

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View revenue for all periods
Redfin's revenue was reported to be $267.2 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 (1-Aug-2022)

898.7m

Closing stock price (1-Aug-2022)

8.5

Cash (30-Jun-2017)

54.2m

EV

845.0m
Redfin's current market capitalization is $898.7 m.
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)
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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

Redfin Acquisitions / Subsidiaries

Company NameDateDeal Size
Walk ScoreOctober 22, 2014

Redfin Revenue Breakdown

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

Human Capital Metrics

Source: github.com
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Redfin Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Redfin Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Redfin Online and Social Media Presence

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Redfin Company Culture

  • Overall Culture

    A+

    86/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A

    81/100

  • Diversity

    A+

    91/100

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Redfin Blogs

The 10 Cloudiest Cities in the U.S., Ranked

If you’re planning on relocating, you’ve probably wondered what the weather is like in certain areas. We’ve compiled a list of the 10 cloudiest cities in the U.S. to help you make your moving decision. The post The 10 Cloudiest Cities in the U.S., Ranked appeared first on Redfin | Real Estate Tips …

Moving to the Magic City? Check Out the Best Vegan Restaurants in Miami

Miami vegan food will not disappoint whether you’re a local or relocating to the Magic City. Here are the must-try vegan restaurants in Miami. The post Moving to the Magic City? Check Out the Best Vegan Restaurants in Miami appeared first on Redfin | Real Estate Tips for Home Buying, Selling & …

28 Questions to Ask Potential Roommates Before Moving in Together

Finding a roommate you know nothing about can be a bit intimidating. Here are 28 questions to ask a potential roommate before the move-in date. The post 28 Questions to Ask Potential Roommates Before Moving in Together appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

A Guide on How to Sublet an Apartment

Looking for a new stay? Whether short or long-term, see how subletting an apartment might be right for you. Learn what subletting is, how to do it, and more. The post A Guide on How to Sublet an Apartment appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Moving to Austin? Capture Your New City With These Picture-Perfect Photo Spots

The City of the Violet Crown boast many unique photo opportunities. If you’re moving to Austin, check out these places from Laguna Gloria to UT Tower to capture your new city. The post Moving to Austin? Capture Your New City With These Picture-Perfect Photo Spots appeared first on Redfin | Real Esta…

The Unique Angles of Atlanta: Explore Your City One Photo Op at a Time

Whether you’re new to the city or you’re planning an upcoming trip, discover the unique angles of Atlanta through the lens of local photographers. The post The Unique Angles of Atlanta: Explore Your City One Photo Op at a Time appeared first on Redfin | Real Estate Tips for Home Buying, Selling &amp…
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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, Chris Nielsen and Bridget Frey.

  • How many employees does Redfin have?

    Redfin has 4,185 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 $63.8 k.

  • Who are Redfin competitors?

    Competitors of Redfin include PurpleBricks, 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, Albuquerque, Altamonte Springs, Asbury Park and in 47 other locations.

  • How many offices does Redfin have?

    Redfin has 54 offices.