Latest financial results

August 4, 2022 • 4:01 PM EDT

Q2 2022 Quarterly Results

Quarter ended June 30, 2022

$607M

Revenue was $607 million, an increase of 29% year-over-year.

$118M

Gross profit was $118 million, a decrease of 6% year-over-year.

53M

Redfin’s mobile apps and website reached 53 million average monthly users, an increase of 9% year-over-year.

For complete information regarding our financials, see our periodic filings

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Latest financial results

$607M

Revenue was $607 million, an increase of 29% year-over-year.

$118M

Gross profit was $118 million, a decrease of 6% year-over-year.

53M

Redfin’s mobile apps and website reached 53 million average monthly users, an increase of 9% year-over-year.

For complete information regarding our financials, see our periodic filings.

Latest annual report

For fiscal year ending December 31, 2021

Redfin corporation at a glance

400,000

Customers bought or sold homes with us through 2021

$200B

Worth of homes bought or sold by our customers through 2021

47 million

Average monthly visitors to our website and mobile app in 2021

6,485

Employees

2,396

Average number of lead agents for 2021

100 +

Markets

As of Dec. 31, 2021 • 10-K 2021
For complete information regarding our financials, see our periodic filings.

Redfin delivers continued growth

Over the years, our revenue and our presence in the U.S. market have continued to grow.

Total revenues by segment*

(in thousands)

  • Real estate services
  • Properties
  • Rentals
  • Other

*Includes revenue from mortgage, title and eliminations

As of Dec. 31, 2021 • 10-K 2021

U.S. market share by units

Three months ended

U.S. market share

(in percent)

As of Dec. 31, 2021 • 10-K 2021

For complete information regarding our financials, see our periodic filings.

Providing customers with comprehensive real estate solutions

Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.

Contacts

Company

Redfin Corporation
1099 Stewart Street
Suite 600
Seattle, WA 98101

Investor relations

Meg Nunnally
Head of Investor Relations
Phone: 206-576-8610
ir@redfin.com

Press

Mariam Sughayer
Head of Communications
Phone: 206-588-6863
press@redfin.com