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Redfin provides real estate search and brokerage services through a combination of real estate web platforms and access to live agents. It is a technology-powered real estate brokerage that represents people buying and selling homes. The Company has a team of real estate agents who earn a salary and customer-satisfaction bonuses, not commissions. Redfin features all of the broker-listed homes for sale, as well as for-sale-by-owner properties. The Company's real estate agents work with Redfin's team of engineers to create tools that make the buying and selling process easier.
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TypePublic
Founded2004
HQSeattle, US
Websiteredfin.com
Employee Ratings3.3

Locations

Redfin is headquartered in
Seattle, United States

Location Map

Latest Updates

Employees (est.) (Feb 2019)2,422
Job Openings414
Revenue (FY, 2016)$267.2 M(+43%)
Share Price (Feb 2019)$18.2

Key People/Management at Redfin

Glenn Kelman

Glenn Kelman

CEO
Scott Nagel

Scott Nagel

President of Real Estate Operations
Chris Nielsen

Chris Nielsen

CFO
Bridget Frey

Bridget Frey

Chief Technology Officer
Adam Wiener

Adam Wiener

Chief Growth Officer
Jani Strand

Jani Strand

Senior Vice President, Brand Marketing and Communications
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Redfin Office Locations

Redfin has offices in Seattle, Washington, Tampa, St. Louis and in 32 other locations
Seattle, US (HQ)
600, 1099 Stewart St
Alpharetta, US
110 5900 Windward Pkwy
Bellevue, US
100 3055 112th Ave NE
Carlsbad, US
5942 Priestly Dr
Chandler, US
112 2121 W Chandler Blvd
Chantilly, US
f 4460 Brookfield Corporate Dr
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Redfin Financials and Metrics

Redfin Revenue

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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 (13-Feb-2019)

1.6b

Closing stock price (13-Feb-2019)

18.2

Cash (30-Jun-2017)

54.2m

EV

1.6b
Redfin's current market capitalization is $1.6 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)
USDY, 2017

EV/EBIT

368 x

EV/CFO

-4.2 k x

Revenue/Employee

44.2k

Financial Leverage

-0.2 x

P/E Ratio

302.7
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Redfin Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Jun, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

Average Number of Lead Agents

422 509 568 621 667 591 743 756 756 796 763 935 1.01 k1.03 k1.02 k1.33 k

Patents (US)

10

Real Estate Revenue per Real Estate Transaction

$6.47 k$6.26 k$6.74 k$6.70 k$6.54 k$6.60 k$6.79 k$7.49 k$7.47 k$7.48 k$7.37 k$7.55 k$7.69 k$7.62 k$7.68 k$7.87 k

Trademarks (US)

18
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Redfin Acquisitions / Subsidiaries

Acquired CompanyDateDeal 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 Online and Social Media Presence

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Redfin Company Life and Culture

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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, Scott Nagel and Chris Nielsen.

  • How many employees does Redfin have?

    Redfin has 2,422 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 $110.3 k.

  • Who are Redfin competitors?

    Competitors of Redfin include OpenDoor, HomeLight and Zillow.

  • Where is Redfin headquarters?

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

  • Where are Redfin offices?

    Redfin has offices in Seattle, Washington, Tampa, St. Louis and in 32 other locations.

  • How many offices does Redfin have?

    Redfin has 36 offices.