Redfin corporation (RDFN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Sep'16Jun'16
Revenue

190,995

233,192

238,683

197,780

110,141

124,130

140,255

142,642

79,893

95,754

109,479

104,935

59,868

81,064

77,714

Cost of revenue

178,116

193,565

185,306

149,434

107,388

97,920

97,950

97,429

74,197

66,583

70,166

67,975

53,492

50,147

50,303

Gross profit

12,879

39,627

53,377

48,346

2,753

26,210

42,305

45,213

5,696

29,171

39,313

36,960

6,376

30,917

27,411

Operating expenses
Technology and development

20,274

19,345

18,801

16,063

15,556

13,692

14,310

13,033

12,762

11,287

11,483

10,090

9,672

9,781

8,060

Marketing

25,708

8,098

8,361

27,050

33,201

8,054

8,236

14,435

13,336

6,072

5,588

10,132

10,459

5,436

8,486

General and administrative

24,327

18,993

18,779

17,654

21,448

16,970

16,470

15,288

16,772

14,181

11,995

12,466

14,367

10,037

9,526

Total operating expenses

70,309

46,436

45,941

60,767

70,205

38,716

39,016

42,756

42,870

31,540

29,066

32,688

34,498

25,254

26,072

Loss from operations

-57,430

-6,809

7,436

-12,421

-67,452

-12,506

3,289

2,457

-37,174

-2,369

10,247

4,272

-28,122

5,663

1,339

Interest income

1,103

1,341

1,576

1,913

2,316

2,335

1,775

729

577

496

311

32

43

37

49

Interest expense

2,444

2,365

2,274

2,153

2,136

2,071

1,610

0

0

-

0

-

-

-

-

Other income (expense), net

-1,346

-

-

-

92

-

-

-

-

-

-

-

-

-

-

Other income, net

-

-

44

36

-

21

21

21

158

75

0

0

13

0

0

Total interest income and other income, net

-

-

-

-

-

-

-

-

-

-

-

32

56

37

49

Net loss

-60,117

-7,782

6,782

-12,625

-67,180

-12,221

3,475

3,207

-36,439

-1,798

10,558

4,304

-28,066

5,700

1,388

Accretion of redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

0

40,224

110,921

24,770

3,050

-65,082

Undistributed earnings attributable to participating securities

-

-

-

-

-

-

-

-

-

-

-

-

-

2,105

52,805

Net loss attributable to common stock—basic

-

-

-

-

-

-

-

-

-

-1,798

-29,666

-106,617

-52,836

545

13,665

Net loss attributable to common stock—diluted

-

-

-

-

-

-

-

-

-

-1,798

-29,666

-106,617

-52,836

545

1,388

Net income (loss) per share - basic (in dollars per share)

-

-

0.07

-0.14

-

-

0.04

0.04

-

-

-0.50

-7.15

-

0.04

0.95

Net income (loss) per share - diluted (in dollars per share)

-

-

0.07

-0.14

-

-

0.04

0.04

-

-

-0.50

-7.15

-

0.03

0.02

Weighted Average Number of Shares Outstanding, Basic

-

-

91,994

91,216

-

-

87,743

83,164

-

-

58,868

14,913

-

14,441

14,340

Weighted Average Number of Shares Outstanding, Diluted

-

-

97,171

91,216

-

-

94,642

90,743

-

-

58,868

14,913

-

17,855

74,080

Net loss per share attributable to common stock—basic and diluted (in dollars per share)

-0.64

-

-

-

-0.74

-

-

-

-0.44

-

-

-

-3.58

-

-

Weighted average shares of common stock - basic and diluted (in shares)

93,442

-

-

-

90,610

-

-

-

82,010

-

-

-

14,767

-

-

Other comprehensive income
Foreign currency translation adjustments

-25

5

-10

37

1

0

0

0

0

-

-

-

-

-

-

Unrealized gain on available-for-sale securities

559

11

-8

6

0

-

0

0

-

-

-

-

-

-

-

Total comprehensive loss

-59,583

-7,766

6,764

-12,582

-67,179

-12,221

3,475

3,207

-36,439

-

-

-

-

-

-

Service
Revenue

111,478

134,129

158,519

157,872

88,768

102,525

128,905

133,656

76,841

-

-

-

-

-

-

Cost of revenue

98,368

93,184

104,397

108,528

84,395

75,393

86,294

88,341

70,855

-

-

-

-

-

-

Product
Revenue

79,517

99,063

80,164

39,908

21,373

21,605

11,350

8,986

3,052

-

-

-

-

-

-

Cost of revenue

79,748

100,381

80,909

40,906

22,993

22,527

11,656

9,088

3,342

-

-

-

-

-

-