Rocket Companies completed its acquisition of Redfin on Tuesday, bringing together the nation's largest mortgage lender with the tech-enabled Seattle real estate brokerage.
The headline numbers for Redfin (RDFN) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Redfin (RDFN) came out with a quarterly loss of $0.73 per share versus the Zacks Consensus Estimate of a loss of $0.69. This compares to loss of $0.57 per share a year ago.
11 Aug 2025 (In 4 weeks) Date | | - Cons. EPS | - EPS |
4 Aug 2025 (In 3 weeks) Date | | - Cons. EPS | - EPS |
6 May 2025 Date | | - Cons. EPS | - EPS |
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25 Feb 2025 Date | | - Cons. EPS | - EPS |
11 Aug 2025 (In 4 weeks) Date | | - Cons. EPS | - EPS |
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6 May 2025 Date | | - Cons. EPS | - EPS |
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25 Feb 2025 Date | | - Cons. EPS | - EPS |
Real Estate - Services Industry | Real Estate Sector | Glenn Kelman CEO | XSTU Exchange | US75737F1084 ISIN |
US Country | 4,000 Employees | - Last Dividend | - Last Split | 28 Jul 2017 IPO Date |
Redfin Corporation stands as a pivotal residential real estate brokerage firm serving both the United States and Canada. Initially founded under the name Appliance Computing Inc., the company rebranded to Redfin Corporation in May 2006, marking a new chapter in its journey since its inception in 2002. With its headquarters situated in Seattle, Washington, Redfin has carved out a reputation for leveraging online platforms to streamline the real estate transaction process, catering to a wide range of real estate needs from buying and selling homes to connecting consumers with rental properties. Their innovative approach combines technology with traditional real estate services to provide a comprehensive, user-friendly experience.
Online Real Estate Marketplace:
At the core of Redfin’s offerings is its online real estate marketplace, designed to simplify the process of buying and selling homes. This platform allows users to easily search for properties, compare prices, and get detailed information on neighborhoods, thereby empowering consumers with the information they need to make informed decisions.
Residential Real Estate Services:
Redfin provides a full spectrum of real estate services to assist individuals in the buying and selling of homes. This includes professional guidance from experienced agents, home valuation, marketing strategies for sellers, and negotiation of purchase terms, ensuring a smooth and efficient transaction.
Title and Settlement Services:
To complement its real estate brokerage services, Redfin offers title and settlement services. These services are crucial for the completion of real estate transactions, encompassing title search, insurance, and escrow services to facilitate a seamless transfer of property ownership.
Mortgage Origination and Sale:
Understanding the importance of financing in real estate acquisitions, Redfin also engages in the origination and sale of mortgages. This addition to their services provides consumers with convenient access to financial products, tailored to meet their specific needs for purchasing homes.
Digital Platforms for Rental Properties:
Expanding beyond buying and selling, Redfin uses digital platforms to connect consumers with rental properties. This aspect of their service offering caters to a broad audience, including those not yet ready to buy, by providing a diverse array of rental options ranging from apartments to single-family homes.