Redfin Historical Income Statement
| RDFN Stock | USD 9.66 0.05 0.52% |
Historical analysis of Redfin Corp income statement accounts such as Total Revenue of 911.5 M, Gross Profit of 197 M, Other Operating Expenses of 1 B or Research Development of 95.4 M can show how well Redfin Corp performed in making a profits. Evaluating Redfin Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Redfin Corp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Redfin Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Redfin Corp is a good buy for the upcoming year.
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About Redfin Income Statement Analysis
Redfin Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Redfin Corp shareholders. The income statement also shows Redfin investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Redfin Corp Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Redfin Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Redfin Corp minus its cost of goods sold. It is profit before Redfin Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Redfin Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Redfin Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Redfin Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.At this time, Redfin Corp's Cost Of Revenue is very stable compared to the past year. As of the 28th of November 2024, Total Other Income Expense Net is likely to grow to about 88.9 M, while Depreciation And Amortization is likely to drop about 59.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 403.8M | 286.1M | 329.8M | 197.0M | Total Revenue | 1.9B | 2.3B | 976.7M | 911.5M |
Redfin Corp income statement Correlations
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Redfin Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Redfin Corp income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 16.6M | 877.4M | 2.0B | 1.4B | 62.8M | 59.6M | |
| Interest Expense | 8.9M | 19.5M | 11.8M | 17.7M | 9.5M | 7.8M | |
| Selling General Administrative | 76.9M | 92.1M | 218.3M | 254.6M | 238.8M | 120.7M | |
| Selling And Marketing Expenses | 76.7M | 54.9M | 138.7M | 158.1M | 117.9M | 75.5M | |
| Total Revenue | 779.8M | 886.1M | 1.9B | 2.3B | 976.7M | 911.5M | |
| Gross Profit | 144.1M | 232.1M | 403.8M | 286.1M | 329.8M | 197.0M | |
| Other Operating Expenses | 859.0M | 885.3M | 2.0B | 2.6B | 1.2B | 1.0B | |
| Operating Income | (79.2M) | 792K | (110.0M) | (322.9M) | (210.1M) | (199.6M) | |
| Net Income From Continuing Ops | (80.8M) | (18.5M) | (109.6M) | (321.1M) | (201.9M) | (191.8M) | |
| Ebit | (79.2M) | (855.6M) | (2.1B) | (1.5B) | (115.8M) | (121.6M) | |
| Research Development | 69.8M | 84.3M | 156.7M | 196.3M | 183.3M | 95.4M | |
| Ebitda | (62.6M) | 21.9M | (42.9M) | (175.9M) | (53.0M) | (55.7M) | |
| Cost Of Revenue | 635.7M | 654.0M | 1.5B | 2.0B | 646.9M | 714.5M | |
| Total Operating Expenses | 223.3M | 231.3M | 513.8M | 608.9M | 539.9M | 291.5M | |
| Income Before Tax | (80.8M) | (18.5M) | (115.7M) | (321.0M) | (125.4M) | (131.7M) | |
| Total Other Income Expense Net | (1.6M) | (19.3M) | (13.8M) | 16.4M | 84.7M | 88.9M | |
| Net Income Applicable To Common Shares | (80.8M) | (23.0M) | (116.9M) | (322.7M) | (290.4M) | (275.9M) | |
| Net Income | (90.0M) | (36.1M) | (109.6M) | (321.1M) | (130.0M) | (136.5M) | |
| Income Tax Expense | 9.2M | 17.6M | (6.1M) | 126K | 979K | 930.1K | |
| Interest Income | 7.1M | 2.1M | 635K | 6.6M | 12.9M | 13.5M | |
| Net Interest Income | (1.8M) | (17.4M) | (11.1M) | (11.1M) | (3.5M) | (3.7M) | |
| Reconciled Depreciation | 9.2M | 14.6M | 46.9M | 64.9M | 65.9M | 34.1M | |
| Non Operating Income Net Other | 7.4M | 176K | 6.0M | 60.1M | 69.1M | 72.5M |
Pair Trading with Redfin Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Redfin Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Redfin Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Redfin Stock
The ability to find closely correlated positions to Redfin Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Redfin Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Redfin Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Redfin Corp to buy it.
The correlation of Redfin Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Redfin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Redfin Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Redfin Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Redfin Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Real Estate Management & Development space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Redfin Corp. If investors know Redfin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Redfin Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.286 | Earnings Share (1.27) | Revenue Per Share 8.511 | Quarterly Revenue Growth 0.034 | Return On Assets (0.09) |
The market value of Redfin Corp is measured differently than its book value, which is the value of Redfin that is recorded on the company's balance sheet. Investors also form their own opinion of Redfin Corp's value that differs from its market value or its book value, called intrinsic value, which is Redfin Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Redfin Corp's market value can be influenced by many factors that don't directly affect Redfin Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Redfin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redfin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redfin Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.