Redfin Corp (OQ:RDFN)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1099 Stewart Street, Suite 600 SEATTLE WA 98101 |
| Tel: | 1-206-5768610 |
| Website: | https://www.redfin.com |
| IR: | See website |
| Key People | ||
| Glenn Kelman Chief Executive Officer, Director | Christopher John Nielsen Chief Financial Officer | Anna Stevens Chief Human Resource Officer |
| Bridget Frey Chief Technology Officer | Anthony Kappus Chief Legal Officer | Christian Taubman Chief Growth Officer |
| Business Overview |
| Redfin Corporation is a technology-powered real estate company. The Company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sale of their home. The Company's segments include real estate services, rentals and mortgage. The Company uses digital platforms to connect consumers with rental properties. It helps people find a place to live with brokerage, rentals, lending, title insurance and renovations services. The Company's home-buying customers see homes first with on-demand tours, and its lending and title services help them close the transaction. It uses the same combination of technology and local service to originate, service, and subsequently sell mortgage loans and offer title and settlement services. The Company offers digital platforms to connect consumers with available apartments and houses for rent and for other advertising. It serves more than 100 markets across the United States and Canada. |
| Financial Overview |
| For the three months ended 31 March 2024, Redfin Corp revenues increased 5% to $225.5M. Net loss applicable to common stockholders excluding extraordinary items increased 16% to $67M. Revenues reflect Rentals revenue segment increase of 16% to $49.5M, Real estate segment increase of 3% to $131.2M. Higher net loss reflects G/L on early Exting of lease relat debt decrease of 87% to $5.7M (income). |
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