Redfin Corporation (RDFN) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6251,057305433208
Cash and cash equivalents591925235433208
Short-term investments3413270  
Restricted cash and investments   64
Receivables7055191513
Inventory, net of allowances, customer advances and progress billings358497523 
Inventory358497523 
Prepaid expense231215129
Other current assets85324
Other undisclosed current assets163633552
Total current assets:1,2461,241452496240
Noncurrent Assets
Operating lease, right-of-use asset544452
Property, plant and equipment5944402522
Long-term investments and receivables551231  
Long-term investments551231  
Intangible assets, net (including goodwill)59511121212
Goodwill4099 99
Intangible assets, net (excluding goodwill)18621233
Other noncurrent assets1391197
Total noncurrent assets:7761201454742
TOTAL ASSETS:2,0221,361596543282
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11675403329
Accounts payable136232
Accrued liabilities2569383127
Employee-related liabilities78    
Deferred revenue  7
Debt256973752
Deferred rent credit  0 
Deferred revenue and credits21
Customer advances and deposits6 
Other undisclosed current liabilities3013104
Total current liabilities:402186854636
Noncurrent Liabilities
Long-term debt and lease obligation1,214538180114 
Long-term debt, excluding current maturities1,214488120114 
Operating lease, liability 4960
Liabilities, other than long-term debt1  1111
Deferred revenue and credits1111
Deferred income tax liabilities1  
Other undisclosed noncurrent liabilities557   
Total noncurrent liabilities:1,27054418012511
Total liabilities:1,67273026517147
Temporary equity, carrying amount4040   
Stockholders' equity
Stockholders' equity attributable to parent310591331372235
Common stock00000
Additional paid in capital682861583543364
Accumulated other comprehensive income (loss)(0)00  
Accumulated deficit(372)(270)(252)(171)(129)
Total stockholders' equity:310591331372235
TOTAL LIABILITIES AND EQUITY:2,0221,361596543282

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,923886780487370
Revenue, net370
Cost of revenue
(Cost of Goods and Services Sold)
(1,519)(654)(636)(367)(258)
Gross profit:404232144119112
Operating expenses(514)(231)(223)(163)(128)
Operating income (loss):(110)1(79)(44)(16)
Nonoperating income60761
Investment income, nonoperating12751
Other nonoperating income (expense)5(2)000
Interest and debt expense(12)(19)(9)(4) 
Loss from continuing operations before income taxes:(116)(19)(81)(42)(15)
Income tax benefit6    
Net loss attributable to parent:(110)(19)(81)(42)(15)
Preferred stock dividends and other adjustments(7)4  (176)
Other undisclosed net loss available to common stockholders, basic (9)   
Net loss available to common stockholders, diluted:(117)(23)(81)(42)(191)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(110)(19)(81)(42)(15)
Other comprehensive loss (0)   
Comprehensive loss:(110)(19)(81)(42)(15)
Other undisclosed comprehensive income, net of tax, attributable to parent000  
Comprehensive loss, net of tax, attributable to parent:(109)(18)(81)(42)(15)

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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