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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,057305433208
Cash and cash equivalents925235433208
Short-term investments13270  
Restricted cash and investments  64
Receivables55191513
Inventory, net of allowances, customer advances and progress billings497523 
Inventory497523 
Prepaid expense1215129
Other current assets5324
Other undisclosed current assets633552
Total current assets:1,241452496240
Noncurrent Assets
Operating lease, right-of-use asset4452
Property, plant and equipment44402522
Long-term investments and receivables1231  
Long-term investments1231  
Intangible assets, net (including goodwill)11121212
Goodwill9 99
Intangible assets, net (excluding goodwill)21233
Other noncurrent assets91197
Total noncurrent assets:1201454742
TOTAL ASSETS:1,361596543282
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities75403329
Accounts payable6232
Accrued liabilities69383127
Deferred revenue 7
Debt973752
Deferred rent credit 0 
Deferred revenue and credits21
Customer advances and deposits6 
Other undisclosed current liabilities13104
Total current liabilities:186854636
Noncurrent Liabilities
Long-term debt and lease obligation538180114 
Long-term debt, excluding current maturities488120114 
Operating lease, liability4960
Liabilities, other than long-term debt  1111
Deferred revenue and credits1111
Other undisclosed noncurrent liabilities7   
Total noncurrent liabilities:54418012511
Total liabilities:73026517147
Temporary equity, carrying amount40   
Stockholders' equity
Stockholders' equity attributable to parent591331372235
Common stock0000
Additional paid in capital861583543364
Accumulated other comprehensive income00  
Accumulated deficit(270)(252)(171)(129)
Total stockholders' equity:591331372235
TOTAL LIABILITIES AND EQUITY:1,361596543282

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues886780487370
Revenue, net370
Cost of revenue
(Cost of Goods and Services Sold)
(654)(636)(367)(258)
Gross profit:232144119112
Operating expenses(231)(223)(163)(128)
Operating income (loss):1(79)(44)(16)
Nonoperating income0761
Investment income, nonoperating2751
Other nonoperating income (expense)(2)000
Interest and debt expense(19)(9)(4) 
Net loss attributable to parent:(19)(81)(42)(15)
Preferred stock dividends and other adjustments4  (176)
Other undisclosed net loss available to common stockholders, basic(9)   
Net loss available to common stockholders, diluted:(23)(81)(42)(191)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(19)(81)(42)(15)
Other comprehensive loss(0)   
Comprehensive loss:(19)(81)(42)(15)
Other undisclosed comprehensive income, net of tax, attributable to parent00  
Comprehensive loss, net of tax, attributable to parent:(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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