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.
Company Growth (employees)
Type
Public
HQ
Seattle, US
Founded
2004
Size (employees)
2,503 (est)+3%
Website
redfin.com
Redfin was founded in 2004 and is headquartered in Seattle, US

Key People at Redfin

Glenn Kelman

Glenn Kelman

CEO
Chris Nielsen

Chris Nielsen

Chief Financial Officer
Bridget Frey

Bridget Frey

Chief Technology Officer
Nela Richardson

Nela Richardson

Chief Economist
Jani Strand

Jani Strand

Senior Vice President, Brand Marketing and Communications
Karen Krupsaw

Karen Krupsaw

Vice President, Real Estate Operations
Matt Lerner

Matt Lerner

Vice President of Products
Adam Wiener

Adam Wiener

Chief Growth Officer
Anthony Kappus

Anthony Kappus

Vice President of Legal, General Counsel and Corporate Secretary
Scott Nagel

Scott Nagel

President of Real Estate Operations

Redfin Office Locations

Redfin has offices in Seattle, Chandler, La Crescenta-Montrose, Irvine and in 32 other locations
Seattle, US (HQ)
600 1099 Stewart St
Bellevue, US
100 3055 112th Ave NE
Chantilly, US
f 4460 Brookfield Corporate Dr
Houston, US
214 2525 Robinhood St
Grapevine, US
227 1000 Texan Trail
Dallas, US
500 5307 E Mockingbird Ln
Show all (36)

Redfin Data and Metrics

Redfin Financial Metrics

Redfin's revenue was reported to be $267.2 m in FY, 2016 which is a 43% increase from the previous period.
USD

Revenue (FY, 2016)

267.2 m

Revenue growth (FY, 2015 - FY, 2016), %

43%

Gross profit (FY, 2016)

82.7 m

Gross profit margin (FY, 2016), %

31%

Net income (FY, 2016)

(22.5 m)

EBIT (FY, 2016)

(22.8 m)

Cash (31-Dec-2016)

64 m
USDFY, 2014FY, 2015FY, 2016

Revenue

125.4 m187.3 m267.2 m

Revenue growth, %

49%43%

Cost of goods sold

93.3 m138.5 m184.5 m

Gross profit

32.1 m48.8 m82.7 m

Gross profit Margin, %

26%26%31%

Sales and marketing expense

15.1 m19.9 m28.6 m

R&D expense

17.9 m27.8 m34.6 m

General and administrative expense

24.2 m31.4 m42.4 m

Operating expense total

57.2 m79.1 m105.5 m

EBIT

(25.1 m)(30.3 m)(22.8 m)

EBIT margin, %

(20%)(16%)(9%)

Interest income

23 k46 k173 k

Pre tax profit

(25 m)(30.2 m)(22.5 m)

Income tax expense

(306 k)

Net Income

(24.7 m)(30.2 m)(22.5 m)
USDFY, 2015FY, 2016

Cash

85.6 m64 m

Current Assets

103 m93.4 m

PP&E

7.4 m19.2 m

Goodwill

9.2 m9.2 m

Total Assets

125.1 m133.5 m

Accounts Payable

1.5 m5.4 m

Current Liabilities

19.8 m32.9 m

Total Liabilities

20.9 m41.8 m

Common Stock

42 k44 k

Preferred Stock

599.9 m655.4 m

Retained Earnings

(495.8 m)(563.8 m)

Total Equity

(495.7 m)(563.7 m)

Financial Leverage

-0.3 x-0.2 x
USDFY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

2.7 m4.4 m6.3 m

Accounts Payable

913 k152 k638 k

Cash From Operating Activities

(13.6 m)(22.2 m)(9.3 m)

Purchases of PP&E

(5 m)(4.6 m)(13.6 m)

Cash From Investing Activities

(9 m)(4.6 m)(13.6 m)

Cash From Financing Activities

69.6 m1.7 m1.3 m
USDY, 2016

Revenue/Employee

146.9 k

Financial Leverage

-0.2 x

Redfin Operating Metrics

Redfin's Customers was reported to be 80 k in Jun, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Jun, 2017

Real Estate Revenue per Real Estate Transaction

$6.47 k$6.26 k$6.74 k$6.7 k$6.54 k$6.6 k$6.79 k$7.49 k$7.47 k$7.48 k$7.37 k$7.55 k

Aggregate Home Value of Real Estate Transactions

$8.41 b$1.87 b$3.6 b$3.84 b$2.98 b$12.3 b$2.6 b$4.68 b$4.9 b$4.02 b$16.2 b$3.47 b

Average Number of Lead Agents

422509568621667591743756756796763935

Average Monthly Unique Visitors

8.72 m10.24 m12.38 m13.06 m11.14 m11.71 m13.99 m17.02 m17.8 m16.06 m16.22 m20.16 m

Real Estate Transactions

18.83 k4.42 k7.92 k8.37 k6.78 k27.49 k5.94 k10.1 k10.6 k8.71 k35.35 k7.73 k

Customers

75 k80 k

Patents Pending (US)

15

Patents (US)

10

Trademarks (US)

18

Trademarks (foreign)

2

Trademarks Pending

3

    Redfin Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    Walk ScoreOctober 22, 2014

    Redfin Revenue Breakdown

    Redfin Median Salaries

    Source: 38 public H-1B filings from Redfin

    Traffic Overview of Redfin

    Redfin Online and Social Media Presence

    Redfin Company Life and Culture

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