Redfin Corp
RDFNDelisted Jul 1, 2025- Industry
- Real Estate Agents & Managers (For Others)
- SEC CIK
- 0001382821
Redfin Corp was delisted on Jul 1, 2025; its insiders filed their last Form 4 on Jul 3, 2025; 232 institutions reported holding it in 13F filings for Q2 2025, worth $1.26B in total; superinvestors ValueAct Capital and Soros Fund Management held it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 12:58 PM ET
Revenue flow, FY2024
Where the revenue went in FY2024, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2024: $164.8M (15.8% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 10-K/A | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 27, 2025 | Feb 27, 2024 | Feb 16, 2023 | Feb 17, 2022 | Feb 24, 2021 |
| Revenue | $1.04B | $976.7M | $2.28B | $1.92B | $886.1M |
| Cost of revenue | $678.8M | $646.9M | $2.00B | $1.52B | $654.0M |
| Gross profit | $364.2M | $329.8M | $286.1M | $403.8M | $232.1M |
| Operating expenses | $519.5M | $547.9M | $649.4M | $513.8M | $231.3M |
| Research and development | $163.9M | $183.3M | $196.3M | $156.7M | $84.3M |
| Selling, general and administrative | $235.4M | $238.8M | $254.6M | $218.3M | $92.1M |
| Operating income | -$155.3M | -$218.1M | -$363.3M | -$110.0M | $792.0K |
| Interest expense | $27.8M | $9.52M | $17.7M | $11.8M | $19.5M |
| Income tax | -$530.0K | $979.0K | $126.0K | -$6.11M | – |
| Net income | -$164.8M | -$130.0M | -$321.1M | -$109.6M | -$18.5M |
| EPS, basic | $-1.36 | $-1.16 | $-2.99 | $-1.12 | – |
| EPS, diluted | $-1.36 | $-1.16 | $-2.99 | $-1.12 | – |
| Weighted shares, basic | 121.7M | 113.2M | 107.9M | 104.7M | – |
| Weighted shares, diluted | 121.7M | 113.2M | 107.9M | 104.7M | – |
| Margins and growth | |||||
| Gross margin | 34.9% | 33.8% | 12.5% | 21.0% | 26.2% |
| Operating margin | -14.9% | -22.3% | -15.9% | -5.7% | 0.1% |
| Net margin | -15.8% | -13.3% | -14.1% | -5.7% | -2.1% |
| Revenue growth, year over year | +6.8% | −57.2% | +18.8% | +117.0% | +13.6% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2024 | FY2023! | FY2022! | FY2021! | FY2020! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 27, 2025 | Feb 27, 2024 | Feb 16, 2023 | Feb 17, 2022 | Feb 24, 2021 |
| Cash and equivalents | $124.7M | $149.8M | $239.8M | $591.0M | $925.3M |
| Short-term investments | $0 | $42.0M | $122.3M | $33.7M | $131.6M |
| Accounts receivable | $48.7M | $51.7M | $54.9M | $69.6M | $54.7M |
| Inventory | – | – | $114.3M | $358.2M | $49.2M |
| Total current assets | $375.4M | $445.0M | $776.5M | $1.25B | $1.24B |
| Property, plant and equipment | $41.3M | $46.4M | $55.1M | $58.7M | $44.0M |
| Goodwill | $461.3M | $461.3M | $461.3M | $409.4M | $9.19M |
| Intangible assets | $99.5M | $123.3M | $162.3M | $185.9M | $1.83M |
| Total assets | $1.01B | $1.15B | $1.57B | $2.02B | $1.36B |
| Accounts payable | $16.8M | $10.5M | $11.8M | $12.5M | $5.64M |
| Total current liabilities | $332.6M | $268.4M | $354.6M | $401.8M | $185.7M |
| Total liabilities | $1.10B | $1.11B | $1.47B | $1.67B | $730.1M |
| Shareholders' equity | -$82.7M | $2.75M | $64.0M | $309.9M | $590.6M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 27, 2025 | Feb 27, 2024 | Feb 16, 2023 | Feb 17, 2022 | Feb 24, 2021 |
| Operating cash flow | -$32.3M | $56.8M | $40.5M | -$301.6M | $61.3M |
| Capital expenditures | $11.2M | $12.1M | $21.5M | $27.5M | $14.7M |
| Free cash flow | -$43.5M | $44.7M | $19.0M | -$329.1M | $46.6M |
| Depreciation and amortization | $42.8M | $62.9M | $64.9M | $46.9M | $14.6M |
| Stock-based compensation | $71.2M | $70.9M | $68.3M | $54.7M | $37.0M |
| Investing cash flow | $34.4M | $97.5M | -$184.3M | -$576.3M | -$57.1M |
| Financing cash flow | -$28.1M | -$245.4M | -$332.1M | $650.3M | $694.2M |
| Net change in cash | -$26.0M | -$91.2M | -$476.0M | -$227.5M | $698.4M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 6.8% | 7.3% | 3.0% | 2.8% | 4.2% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| May 1, 2025 | 128.0M | +7.2% | SEC |
| Feb 19, 2025 | 126.4M | +6.0% | SEC |
| Nov 1, 2024 | 124.0M | +7.6% | SEC |
| Aug 1, 2024 | 121.8M | +6.8% | SEC |
| May 2, 2024 | 119.5M | +7.8% | SEC |
| Feb 21, 2024 | 119.2M | +8.7% | SEC |
| Oct 27, 2023 | 115.2M | +6.0% | SEC |
| Jul 28, 2023 | 114.0M | +5.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.