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, WA, US
Websiteredfin.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2018)2,993(+24%)
Job Openings716
Revenue (FY, 2016)$267.2 M(+43%)
Share Price (Mar 2021)$66.6(+4%)
Cybersecurity ratingBMore

Key People/Management at Redfin

Glenn Kelman

Glenn Kelman

CEO, Director
Robert Mylod

Robert Mylod

Director
David H. Lissy

David H. Lissy

Chairman of the Board
Scott Nagel

Scott Nagel

President of Real Estate Operations
Robert Bass

Robert Bass

Director
Chris Nielsen

Chris Nielsen

CFO
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Redfin Office Locations

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

Redfin Revenue

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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 (31-Mar-2021)

6.6b

Closing stock price (31-Mar-2021)

66.6

Cash (30-Jun-2017)

54.2m

EV

6.6b
Redfin's current market capitalization is $6.6 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)
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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
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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

82/100

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 Blogs

10 Best Home Improvements Under $10k Worth the Investment

Find out 10 of the best home improvements to invest in when updating your home, all for less than 10k. These remodeling projects will upgrade your home without breaking your budget. The post 10 Best Home Improvements Under $10k Worth the Investment appeared first on Redfin | Real Estate Tips for Hom…

When is the Best Time to Sell a House?

Timing can be everything when it comes to selling a home. From which season you choose to list your home down to the month and even the day can impact how quickly your home can sell and for how much. So, if you’re considering listing your home soon, and you are wondering when the best … When is th…

What is a Kick-Out Clause and How Do You Use It?

Every real estate transaction involves risk, whether you are the buyer or the seller. And during a real estate transaction, either party can include specific contingencies to help mitigate some of the risks. Common contingencies may allow either party to back out of a contract if specified condition…

8 Landscaping Renovations to Consider Before Selling Your Home

If you are looking to sell your home, make sure to start out with a strong first impression. These 8 landscaping renovation considerations will help up your curb appeal. The post 8 Landscaping Renovations to Consider Before Selling Your Home appeared first on Redfin | Real Estate Tips for Home Buyin…

Redfin to Announce First-Quarter 2021 Results on May 5, 2021

SEATTLE , April 21, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) will release first-quarter 2021 results after the stock market closes on Wednesday, May 5, 2021 . The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m.

Luxury-Home Sales Rise 42% In First Quarter, Far Outpacing 7% Growth In Affordable-Home Sales

Sales of high-end homes are outperforming as wealthy Americans take advantage of steady paychecks, remote work and low mortgage rates during the pandemic SEATTLE , April 21, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Sales of luxury homes in the U.S. rose 41.6% year over year in the first quarter of
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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, Robert Mylod and David H. Lissy.

  • 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 PurpleBricks, Trulia and Zillow.

  • 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.