Redfin (RDFN) Revenue & Revenue Breakdown


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Redfin Revenue Highlights


Latest Revenue (Y)

$976.67M

Latest Revenue (Q)

$295.20M

Main Segment (Y)

Real Estate Segment

Redfin Revenue by Period


Redfin Revenue by Year

DateRevenueChange
2023-12-31$976.67M-57.25%
2022-12-31$2.28B18.81%
2021-12-31$1.92B116.99%
2020-12-31$886.09M13.63%
2019-12-31$779.80M60.15%
2018-12-31$486.92M31.59%
2017-12-31$370.04M38.49%
2016-12-31$267.20M42.63%
2015-12-31$187.34M49.44%
2014-12-31$125.36M-

Redfin generated $976.67M in revenue during NA 2023, up -57.25% compared to the previous quarter, and up 200.58% compared to the same period a year ago.

Redfin Revenue by Quarter

DateRevenueChange
2024-06-30$295.20M30.92%
2024-03-31$225.48M3.39%
2023-12-31$218.08M-18.92%
2023-09-30$268.96M-2.40%
2023-06-30$275.56M-15.39%
2023-03-31$325.66M-32.11%
2022-12-31$479.66M-20.12%
2022-09-30$600.52M-1.05%
2022-06-30$606.91M1.60%
2022-03-31$597.35M-7.11%
2021-12-31$643.06M19.07%
2021-09-30$540.07M14.59%
2021-06-30$471.31M75.65%
2021-03-31$268.32M9.73%
2020-12-31$244.52M3.21%
2020-09-30$236.92M10.88%
2020-06-30$213.66M11.87%
2020-03-31$191.00M-18.10%
2019-12-31$233.19M-2.30%
2019-09-30$238.68M20.68%
2019-06-30$197.78M79.57%
2019-03-31$110.14M-11.27%
2018-12-31$124.13M-11.50%
2018-09-30$140.25M-1.67%
2018-06-30$142.64M78.54%
2018-03-31$79.89M-16.56%
2017-12-31$95.75M-12.54%
2017-09-30$109.48M4.33%
2017-06-30$104.94M75.28%
2017-03-31$59.87M-10.35%
2016-12-31$66.78M-17.62%
2016-09-30$81.06M4.31%
2016-06-30$77.71M86.65%
2016-03-31$41.64M-

Redfin generated $295.20M in revenue during Q2 2024, up 30.92% compared to the previous quarter, and up 90.65% compared to the same period a year ago.

Redfin Revenue Breakdown


Redfin Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Real Estate Segment$618.58M----
Mortgage Segments$134.11M----
Rentals Segment$184.81M----
Service-$1.08B$1.04B$674.35M$539.29M
Product-$1.20B$880.65M$211.75M$240.51M

Redfin's latest annual revenue breakdown by segment (product or service), as of Dec 23: Real Estate Segment (65.98%), Rentals Segment (19.71%), and Mortgage Segments (14.30%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Real Estate Segment$131.18M$260.19M$177.75M$180.64M----------------
Rentals Segment$49.52M$92.05M$47.41M$45.36M----------------
Mortgage Segments$33.82M$62.76M$32.92M$38.43M----------------
Service----$212.93M$219.12M$300.85M$344.31M$217.59M$265.99M$301.66M$298.87M$175.59M$204.45M$217.28M$141.13M$111.48M$134.13M$158.52M$157.87M
Product----$112.73M$260.54M$299.66M$262.61M$379.75M$377.06M$238.42M$172.44M$92.73M$40.06M$19.64M$72.53M$79.52M$99.06M$80.16M$39.91M

Redfin's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Real Estate Segment (61.15%), Rentals Segment (23.08%), and Mortgage Segments (15.77%).

Redfin Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
OPENOpendoor$6.95B$1.51B
HOUSAnywhere Real Estate$5.64B$1.67B
EXPIeXp World$4.28B$1.30B
WEWeWork$3.25B$794.00M
OPADOfferpad Solutions$1.31B$251.12M
RDFNRedfin$976.67M$295.20M
REAXReal Brokerage$689.16M$200.74M
MMIMarcus & Millichap$645.93M$129.10M
RMAXRE/MAX$325.67M$81.27M
FRPHFRP$41.51M$10.13M
MLPMaui Land & Pineapple Company$10.91M$2.65M
OMHOhmyhome$5.00M$1.42M

RDFN Revenue FAQ


Redfin's yearly revenue for 2023 was $976.67M, representing a decrease of -57.25% compared to 2022. The company's yearly revenue for 2022 was $2.28B, representing an increase of 18.81% compared to 2021. RDFN's yearly revenue for 2021 was $1.92B, representing an increase of 116.99% compared to 2020.

Redfin's quarterly revenue for Q2 2024 was $295.2M, a 30.92% increase from the previous quarter (Q1 2024), and a 7.13% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $225.48M, a 3.39% increase from the previous quarter (Q4 2023), and a -30.76% decrease year-over-year (Q1 2023). RDFN's quarterly revenue for Q4 2023 was $218.08M, a -18.92% decrease from the previous quarter (Q3 2023), and a -54.54% decrease year-over-year (Q4 2022).

Redfin's revenue growth rate for the last 3 years (2021-2023) was -49.20%, and for the last 5 years (2019-2023) was 25.25%.

Redfin's revenue streams in c 23 are Real Estate Segment, Mortgage Segments, and Rentals Segment. Real Estate Segment generated $618.58M in revenue, accounting 65.98% of the company's total revenue Mortgage Segments generated $134.11M in revenue, accounting 14.30% of the company's total revenue Rentals Segment generated $184.81M in revenue, accounting 19.71% of the company's total revenue

For the fiscal year ending Dec 23, the largest source of revenue of Redfin was Real Estate Segment. This segment made a revenue of $618.58M, representing 65.98% of the company's total revenue.