Exhibit 12.1

Redfin Corporation
Computation of Ratio of Earnings to Fixed Charges
(unaudited)
 
Year Ended December 31,
 
Three Months Ended March 31, 2018
 
2014
 
2015
 
2016
 
2017
 
 
(in thousands)
Earnings:
 
 
 
 
 
 
 
 
 
Loss before income taxes
$
(25,036
)
 
$
(30,236
)
 
$
(22,526
)
 
$
(15,002
)
 
$
(36,439
)
Interest expense
-

 
-

 
-

 
-

 
-

Assumed interest component of rental expense
953

 
1,382

 
1,937

 
2,611

 
623

Total earnings available for fixed charges
$
(24,083
)
 
$
(28,854
)
 
$
(20,589
)
 
$
(12,391
)
 
$
(35,816
)
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
 
 
 
 
 
 
 
 
 
Assumed interest component of rental expense
953

 
1,382

 
1,937

 
2,611

 
623

Total fixed charges
$
953

 
$
1,382

 
$
1,937

 
$
2,611

 
$
623