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 Ratings4.1

Latest Updates

Employees (est.) (Dec 2018)2,993(+24%)
Job Openings626
Revenue (FY, 2016)$267.2 M(+43%)
Share Price (Jul 2021)$58.7(-2%)
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 (22-Jul-2021)

6.1b

Closing stock price (22-Jul-2021)

58.7

Cash (30-Jun-2017)

54.2m

EV

6.1b
Redfin's current market capitalization is $6.1 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

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 Blogs

Redfin Launches in Mississippi and Expands in Florida, Now Serves More Than 100 Markets

Homebuyers and sellers in Jackson, MS and the Florida Panhandle can now work with full-service Redfin agents and search for homes on the Redfin website and app SEATTLE , July 28, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- Redfin ( www.redfin.com ), the tech-powered real estate company, today announced

What Does Homeowners Insurance Typically Cover in Fire-Prone Areas?

If you live in a fire-prone area, it’s likely your homeowner's insurance will cover damages from wildfires. Find out what policies typically cover or if you need a separate wildfire insurance policy. The post What Does Homeowners Insurance Typically Cover in Fire-Prone Areas? appeared first on Redfi…

Out-of-Towners Moving to Austin Spend $22,500 More on Homes Than Locals

Homebuyers who relocated to Austin during the pandemic paid an average of 7.8% above asking price, versus 3.7% above asking price for locals. This Redfin report analyzes the difference in homebuying finances between out-of-towners and locals in 11 popular migration destinations. The typical homebuye…

Redfin Report: Out-of-Towners Moving to Austin Spend $22,500 More on Homes Than Locals

Homebuyers who relocated to Austin during the pandemic paid an average of 7.8% above asking price, versus 3.7% above asking price for locals SEATTLE , July 26, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — People relocating to the Austin area pay an average of 7.8% above asking price for their home, while

Go for Gold USA: 3 US Summer Olympic Games Host Cities You Can Move To

The 2020 Summer Olympics are finally here. As you cheer on your favorite athletes, consider moving to these 3 US locations that were once Summer Olympic host cities. The post Go for Gold USA: 3 US Summer Olympic Games Host Cities You Can Move To appeared first on Redfin | Real Estate Tips for Home B…

Housing Market Update: Low Mortgage Rates Buoy Prices as Competition Eases

Home prices are still up 20% from a year ago even as fewer homes sell and the ones that do are sitting on the market longer and selling for less of a premium above list price. Like a slow turning ship, the housing market’s supply side is gradually gaining momentum as homes for sale begin … Housing…
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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, 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.