Redfin Corporation (RDFN) — Financial statements
Income statement, balance sheet, and cash flow for Redfin Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,043↑6.8% | 977↓57.2% | 2,284↑18.8% | 1,923↑117.0% | 886 | |
| Cost of Revenue | 679↑4.9% | 647↓67.6% | 1,998↑31.6% | 1,519↑132.3% | 654 | |
| Gross Profit | 364↑10.4% | 330↑15.3% | 286↓29.2% | 404↑74.0% | 232 | |
| Operating Expenses | ||||||
| R&D Expenses | 164↓10.6% | 183↓6.6% | 196↑25.2% | 157↑85.9% | 84 | |
| General & Administrative Expenses | 235↓1.4% | 239↓6.2% | 255↑16.6% | 218↑136.9% | 92 | |
| Selling & Marketing Expenses | 114↓2.9% | 118↓25.4% | 158↑13.9% | 139↑152.8% | 55 | |
| SG&A Expenses | 350↓1.9% | 357↓13.6% | 413↑15.6% | 357↑142.9% | 147 | |
| Other Expenses | 6 | 0.00↑100.0% | -4 | 0.00↑100.0% | -2 | |
| Operating Expenses | 519↓3.8% | 540↓11.3% | 609↑18.5% | 514↑122.1% | 231 | |
| Total Costs & Expenses | 1,198↑1.0% | 1,187↓54.5% | 2,607↑28.3% | 2,033↑129.6% | 885 | |
| Operating Results | ||||||
| Operating Income | -155↑26.1% | -210↑34.9% | -323↓193.6% | -110↓13983.0% | 0.79 | |
| Depreciation & Amortization | 43↓31.9% | 63↓95.4% | 1,366↓32.6% | 2,025↑130.8% | 877 | |
| EBITDA | -107↓101.4% | -53↑69.8% | -176↓309.7% | -43↓296.3% | 22 | |
| EBIT | -150↓29.1% | -116↑51.9% | -241↓168.0% | -90↓9381.0% | 0.97 | |
| Interest & Other Income | ||||||
| Net Interest Income | -21↓2226.2% | 1↑144.9% | -2↑67.2% | -7↑60.6% | -17 | |
| Interest Income | 6↓39.7% | 11↑58.6% | 7↑945.5% | 0.64↓69.4% | 2 | |
| Interest Expense | 28↑191.7% | 10↑7.2% | 9↑18.6% | 7↓61.6% | 19 | |
| Non-Operating Income | 0.00↑100.0% | -94↓272.9% | -25↓321.6% | -6↓3306.3% | -0.18 | |
| Other Income / Expenses | -10↓111.9% | 85↑416.9% | 16↑218.9% | -14↑28.7% | -19 | |
| Income Before Tax | -165↓31.8% | -125↑60.9% | -321↓177.4% | -116↓524.6% | -19 | |
| Income Tax Expense | -0.53↓154.1% | 0.98↑677.0% | 0.13↑102.1% | -6 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -165↓30.4% | -126↑49.4% | -250↓173.8% | -91↓392.4% | -19 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -165↓26.7% | -130↑59.5% | -321↓193.0% | -110↓203.4% | -36 | |
| Bottom-Line Net Income | -166↓26.5% | -131↑59.4% | -323↓176.1% | -117↓408.6% | -23 | |
| EPS (Basic) | -1.36↓17.2% | -1.16↑61.1% | -2.98↓183.8% | -1.05↓183.8% | -0.37 | |
| EPS (Diluted) | -1.36↓17.2% | -1.16↑61.1% | -2.98↓183.8% | -1.05↓183.8% | -0.37 | |
| Weighted Average Shares | 122↑7.5% | 113↑4.8% | 108↑3.1% | 105↑6.2% | 99 | |
| Weighted Average Diluted Shares | 122↑7.5% | 113↑4.8% | 108↑3.1% | 105↑6.2% | 99 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.