Redfin Corporation (RDFN) financial statements (2021 and earlier)

Company profile

Business Address 1099 STEWART STREET, SUITE 600
SEATTLE, WA 98101
State of Incorp.
Fiscal Year End December 31
SIC 6531 - Real Estate Agents and Managers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments305271276396433449194
Cash and cash equivalents235209241396433449194
Short-term investments706235    
Restricted cash and investments 10181061217
Receivables19243916151319
Inventory, net of allowances, customer advances and progress billings751058638232515
Inventory751058638232515
Prepaid expense1587 1263
Other current assets366 212
Other undisclosed current assets35223029564
Total current assets:452448462490496512254
Noncurrent Assets
Operating lease, right-of-use asset524645 
Property, plant and equipment40383631252324
Long-term investments and receivables313835    
Long-term investments313835    
Intangible assets, net (including goodwill), including:12121212121212
Goodwill    999
Intangible assets, net (excluding goodwill)12233333
Other undisclosed intangible assets, net (including goodwill) 999   
Other noncurrent assets1111119977
Other undisclosed noncurrent assets   33   
Total noncurrent assets:14514413885474343
TOTAL ASSETS:596592600575543555297
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40546272334038
Accounts payable23418334
Accrued liabilities38515754313834
Deferred revenue7   
Debt37323815563
Deferred rent credit000    
Deferred revenue and credits0221
Customer advances and deposits1061217
Other undisclosed current liabilities17187001
Total current liabilities:8593118104466061
Noncurrent Liabilities
Long-term debt and lease obligation180171169115114112 
Long-term debt, excluding current maturities120118117115114112 
Operating lease, liability605353 
Liabilities, other than long-term debt    111011
Deferred revenue and credits111011
Other undisclosed noncurrent liabilities   42   
Total noncurrent liabilities:18017116915712512211
Total liabilities:26526428726017118271
Stockholders' equity
Stockholders' equity attributable to parent331328312314372373226
Common stock0000000
Additional paid in capital583572563552543531388
Accumulated other comprehensive income000    
Accumulated deficit(252)(244)(251)(238)(171)(159)(162)
Total stockholders' equity:331328312314372373226
TOTAL LIABILITIES AND EQUITY:596592600575543555297

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues233239198110124140143
Revenue, net143
Cost of revenue
(Cost of Goods and Services Sold)
(194)(185)(149)(107)(98)(98)(97)
Gross profit:4053483264245
Operating expenses(46)(46)(61)(70)(39)(39)(43)
Operating income (loss):(7)7(12)(67)(13)32
Nonoperating income1222221
Investment income, nonoperating1222221
Interest and debt expense(2)(2)(2)(2)(2)(2) 
Net income (loss) available to common stockholders, diluted:(8)7(13)(67)(12)33

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(8)7(13)(67)(12)33
Other comprehensive income (loss) (0)00   
Other undisclosed comprehensive loss(0)      
Comprehensive income (loss):(8)7(13)(67)(12)33
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income (loss), net of tax, attributable to parent:(8)7(13)(67)(12)33

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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