Redfin Corp
NASDAQ:RDFN
Income Statement
Earnings Waterfall
Redfin Corp
Revenue
|
976.7m
USD
|
Cost of Revenue
|
-646.9m
USD
|
Gross Profit
|
329.8m
USD
|
Operating Expenses
|
-539.9m
USD
|
Operating Income
|
-210.1m
USD
|
Other Expenses
|
79m
USD
|
Net Income
|
-131.1m
USD
|
Income Statement
Redfin Corp
Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||
Revenue |
127
N/A
|
232
+83%
|
341
+47%
|
370
+8%
|
390
+5%
|
428
+10%
|
459
+7%
|
487
+6%
|
517
+6%
|
572
+11%
|
671
+17%
|
780
+16%
|
861
+10%
|
877
+2%
|
875
0%
|
886
+1%
|
963
+9%
|
1 221
+27%
|
1 524
+25%
|
1 923
+26%
|
1 877
-2%
|
1 755
-7%
|
1 521
-13%
|
2 284
+50%
|
1 349
-41%
|
1 275
-5%
|
1 238
-3%
|
977
-21%
|
|
Gross Profit | |||||||||||||||||||||||||||||
Cost of Revenue |
(99)
|
(167)
|
(237)
|
(258)
|
(279)
|
(308)
|
(336)
|
(368)
|
(401)
|
(453)
|
(540)
|
(636)
|
(706)
|
(725)
|
(683)
|
(654)
|
(702)
|
(879)
|
(1 148)
|
(1 519)
|
(1 464)
|
(1 357)
|
(1 159)
|
(1 998)
|
(1 051)
|
(989)
|
(944)
|
(647)
|
|
Gross Profit |
28
N/A
|
65
+134%
|
104
+61%
|
112
+8%
|
111
-1%
|
119
+7%
|
122
+3%
|
119
-2%
|
117
-2%
|
120
+3%
|
131
+9%
|
144
+10%
|
154
+7%
|
152
-1%
|
192
+26%
|
232
+21%
|
262
+13%
|
342
+31%
|
376
+10%
|
404
+7%
|
413
+2%
|
398
-4%
|
362
-9%
|
286
-21%
|
298
+4%
|
287
-4%
|
294
+3%
|
330
+12%
|
|
Operating Income | |||||||||||||||||||||||||||||
Operating Expenses |
(61)
|
(94)
|
(123)
|
(128)
|
(136)
|
(146)
|
(156)
|
(163)
|
(191)
|
(209)
|
(216)
|
(223)
|
(223)
|
(215)
|
(224)
|
(223)
|
(240)
|
(344)
|
(435)
|
(514)
|
(581)
|
(596)
|
(583)
|
(607)
|
(598)
|
(568)
|
(558)
|
(540)
|
|
Selling, General & Administrative |
(60)
|
(93)
|
(122)
|
(126)
|
(136)
|
(146)
|
(156)
|
(162)
|
(191)
|
(209)
|
(216)
|
(221)
|
(223)
|
(206)
|
(215)
|
(223)
|
(230)
|
(344)
|
(435)
|
(512)
|
(581)
|
(596)
|
(583)
|
(603)
|
(598)
|
(568)
|
(558)
|
(537)
|
|
Other Operating Expenses |
(1)
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
(9)
|
(9)
|
(0)
|
(10)
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
|
Operating Income |
(34)
N/A
|
(29)
+13%
|
(19)
+35%
|
(16)
+16%
|
(25)
-57%
|
(27)
-7%
|
(34)
-26%
|
(44)
-30%
|
(74)
-69%
|
(89)
-20%
|
(85)
+5%
|
(79)
+7%
|
(69)
+13%
|
(63)
+10%
|
(33)
+48%
|
9
N/A
|
22
+151%
|
(3)
N/A
|
(59)
-2 089%
|
(110)
-86%
|
(168)
-53%
|
(197)
-18%
|
(221)
-12%
|
(320)
-45%
|
(300)
+6%
|
(282)
+6%
|
(263)
+7%
|
(210)
+20%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
(0)
|
(2)
|
(3)
|
(5)
|
(7)
|
(17)
|
(17)
|
(18)
|
(19)
|
(11)
|
(12)
|
(11)
|
(9)
|
(11)
|
(1)
|
1
|
3
|
1
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(10)
|
0
|
0
|
0
|
0
|
(6)
|
(18)
|
(18)
|
14
|
64
|
90
|
97
|
86
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
1
|
(0)
|
4
|
5
|
4
|
3
|
(2)
|
(4)
|
(2)
|
(2)
|
(1)
|
(2)
|
|
Pre-Tax Income |
(33)
N/A
|
(29)
+13%
|
(19)
+36%
|
(15)
+19%
|
(23)
-55%
|
(24)
-5%
|
(32)
-29%
|
(42)
-33%
|
(73)
-73%
|
(89)
-22%
|
(85)
+4%
|
(81)
+5%
|
(74)
+9%
|
(68)
+8%
|
(40)
+40%
|
(19)
+54%
|
6
N/A
|
(21)
N/A
|
(74)
-261%
|
(116)
-56%
|
(182)
-57%
|
(223)
-23%
|
(250)
-12%
|
(321)
-28%
|
(240)
+25%
|
(192)
+20%
|
(165)
+14%
|
(125)
+24%
|
|
Net Income | |||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
5
|
6
|
6
|
1
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
|
Income from Continuing Operations |
(33)
|
(29)
|
(19)
|
(28)
|
(36)
|
(37)
|
(44)
|
(42)
|
(73)
|
(89)
|
(85)
|
(81)
|
(74)
|
(68)
|
(40)
|
(19)
|
6
|
(16)
|
(69)
|
(110)
|
(176)
|
(222)
|
(250)
|
(321)
|
(240)
|
(193)
|
(165)
|
(126)
|
|
Net Income (Common) |
(139)
N/A
|
(246)
-77%
|
(275)
-12%
|
(191)
+31%
|
(175)
+9%
|
(65)
+63%
|
(32)
+51%
|
(42)
-33%
|
(73)
-73%
|
(89)
-22%
|
(85)
+4%
|
(81)
+5%
|
(74)
+9%
|
(68)
+7%
|
(43)
+37%
|
(23)
+47%
|
(1)
+96%
|
(24)
-2 511%
|
(76)
-224%
|
(117)
-54%
|
(170)
-46%
|
(219)
-29%
|
(289)
-32%
|
(323)
-12%
|
(292)
+9%
|
(241)
+17%
|
(170)
+30%
|
(131)
+23%
|
|
EPS (Diluted) |
-1.74
N/A
|
-3.08
-77%
|
-4.67
-52%
|
-4.47
+4%
|
-2.12
+53%
|
-0.71
+67%
|
-0.33
+54%
|
-0.49
-48%
|
-0.8
-63%
|
-0.98
-23%
|
-0.87
+11%
|
-0.88
-1%
|
-0.79
+10%
|
-0.65
+18%
|
-0.4
+38%
|
-0.23
+43%
|
0.01
N/A
|
-0.24
N/A
|
-0.74
-208%
|
-1.12
-51%
|
-1.58
-41%
|
-2.04
-29%
|
-2.66
-30%
|
-2.99
-12%
|
-2.62
+12%
|
-2.16
+18%
|
-1.48
+31%
|
-1.15
+22%
|