$RDFN
Redfin Corp

2019 Q2 Form 10-Q Financial Statement

#000138282119000115 Filed on August 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2018 Q1
Revenue $197.8M $142.6M $79.89M
YoY Change 38.65% 35.93% 33.45%
Cost Of Revenue $149.4M $97.43M $74.20M
YoY Change 53.38% 43.33% 38.71%
Gross Profit $48.35M $45.21M $5.696M
YoY Change 6.93% 22.33% -10.66%
Gross Profit Margin 24.44% 31.7% 7.13%
Selling, General & Admin $44.70M $29.72M $30.11M
YoY Change 50.4% 31.53% 21.28%
% of Gross Profit 92.47% 65.74% 528.58%
Research & Development $16.06M $13.03M $12.76M
YoY Change 23.25% 29.17% 31.95%
% of Gross Profit 33.23% 28.83% 224.05%
Depreciation & Amortization $2.049M $1.777M $2.003M
YoY Change 15.31% 17.53% 5.14%
% of Gross Profit 4.24% 3.93% 35.17%
Operating Expenses $60.77M $42.76M $42.87M
YoY Change 42.13% 30.8% 24.27%
Operating Profit -$12.42M $2.457M -$37.17M
YoY Change -605.54% -42.49% 32.19%
Interest Expense $2.153M $0.00 $0.00
YoY Change
% of Operating Profit 0.0%
Other Income/Expense, Net $36.00K $750.0K $735.0K
YoY Change -95.2% 2243.75% 1212.5%
Pretax Income -$12.60M $3.200M -$36.40M
YoY Change -493.75% -25.58% 29.54%
Income Tax
% Of Pretax Income
Net Earnings -$12.63M $3.207M -$36.44M
YoY Change -493.67% -25.49% 29.83%
Net Earnings / Revenue -6.38% 2.25% -45.61%
Basic Earnings Per Share -$0.14 $0.04
Diluted Earnings Per Share -$0.14 $0.04 -$443.9K
COMMON SHARES
Basic Shares Outstanding 91.22M shares 83.16M shares 81.78M shares
Diluted Shares Outstanding 91.22M shares 90.74M shares

Balance Sheet

Concept 2019 Q2 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $276.5M $194.2M $190.8M
YoY Change 42.38% 248.65% 402.11%
Cash & Equivalents $241.1M $194.2M $190.8M
Short-Term Investments $35.40M
Other Short-Term Assets $5.860M $1.828M $7.427M
YoY Change 220.57% -20.45% -66.7%
Inventory $85.65M $14.52M
Prepaid Expenses $6.763M $3.337M $4.761M
Receivables $38.69M $18.90M $12.09M
Other Receivables $30.20M $3.600M $1.500M
Total Short-Term Assets $461.7M $253.8M $227.7M
YoY Change 81.92% 190.21% 212.72%
LONG-TERM ASSETS
Property, Plant & Equipment $35.68M $23.86M $22.88M
YoY Change 49.55% 7.76% 2.14%
Goodwill $9.186M $9.186M
YoY Change 0.0%
Intangibles $3.050M $3.172M
YoY Change -13.79%
Long-Term Investments $35.00M
YoY Change
Other Assets $10.63M $7.077M $7.053M
YoY Change 50.16% 4.1% -20.75%
Total Long-Term Assets $137.8M $43.17M $42.29M
YoY Change 219.3% -1.8% -4.1%
TOTAL ASSETS
Total Short-Term Assets $461.7M $253.8M $227.7M
Total Long-Term Assets $137.8M $43.17M $42.29M
Total Assets $599.6M $297.0M $270.0M
YoY Change 101.89% 125.98% 130.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.217M $3.855M $2.929M
YoY Change 9.39% 25.12% 12.65%
Accrued Expenses $57.42M $34.05M $33.87M
YoY Change 68.67% 12.55% 21.82%
Deferred Revenue
YoY Change
Short-Term Debt $29.40M $3.500M $1.400M
YoY Change 740.0% 600.0% 600.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $118.1M $60.56M $50.36M
YoY Change 94.97% 30.07% 25.59%
LONG-TERM LIABILITIES
Long-Term Debt $116.6M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $52.60M $10.80M $10.30M
YoY Change 387.04% 2.86% 4.04%
Total Long-Term Liabilities $169.2M $10.80M $10.30M
YoY Change 1466.67% 2.86% 4.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $118.1M $60.56M $50.36M
Total Long-Term Liabilities $169.2M $10.80M $10.30M
Total Liabilities $287.3M $71.37M $60.70M
YoY Change 302.58% 25.14% 21.39%
SHAREHOLDERS EQUITY
Retained Earnings -$250.8M -$162.2M -$165.4M
YoY Change 54.58% -77.36%
Common Stock $92.00K $84.00K $83.00K
YoY Change 9.52% 460.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $312.2M $225.6M $209.3M
YoY Change
Total Liabilities & Shareholders Equity $599.6M $297.0M $270.0M
YoY Change 101.89% 125.98% 130.92%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income -$12.63M $3.207M -$36.44M
YoY Change -493.67% -25.49% 29.83%
Depreciation, Depletion And Amortization $2.049M $1.777M $2.003M
YoY Change 15.31% 17.53% 5.14%
Cash From Operating Activities -$96.45M -$5.750M -$20.49M
YoY Change 1577.39% -126.55% -6.06%
INVESTING ACTIVITIES
Capital Expenditures -$6.350M -$1.740M $2.305M
YoY Change 264.94% -62.66% -51.79%
Acquisitions
YoY Change
Other Investing Activities -$70.21M $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$76.57M -$1.740M -$2.305M
YoY Change 4300.57% -60.54% -51.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 26.13M 17.23M $12.04M
YoY Change 51.65% 338.42% 232.21%
NET CHANGE
Cash From Operating Activities -96.45M -5.750M -$20.49M
Cash From Investing Activities -76.57M -1.740M -$2.305M
Cash From Financing Activities 26.13M 17.23M $12.04M
Net Change In Cash -146.9M 9.740M -$10.76M
YoY Change -1608.11% -54.01% -53.16%
FREE CASH FLOW
Cash From Operating Activities -$96.45M -$5.750M -$20.49M
Capital Expenditures -$6.350M -$1.740M $2.305M
Free Cash Flow -$90.10M -$4.010M -$22.80M
YoY Change 2146.88% -115.24% -14.28%

Facts In Submission

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us-gaap Share Based Compensation
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8974000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3031000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 USD
rdfn Operating Lease Non Cash Lease Expense
OperatingLeaseNonCashLeaseExpense
2943000 USD
rdfn Operating Lease Non Cash Lease Expense
OperatingLeaseNonCashLeaseExpense
0 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-100000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
23323000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5568000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
62960000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11137000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1230000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3682000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1350000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1934000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
26494000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7481000 USD
rdfn Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-3301000 USD
rdfn Increase Decreasein Deferred Lease Liability
IncreaseDecreaseinDeferredLeaseLiability
-5000 USD
rdfn Increase Decreasein Deferred Lease Liability
IncreaseDecreaseinDeferredLeaseLiability
-583000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
153335000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
29249000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
128080000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
27555000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-143609000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-26241000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
70312000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
100000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9504000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4045000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-79716000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4045000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8965000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14394000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1792000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
227000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
149900000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
28551000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
125206000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
27076000 USD
rdfn Proceeds From Customer Escrow Deposits
ProceedsFromCustomerEscrowDeposits
11602000 USD
rdfn Proceeds From Customer Escrow Deposits
ProceedsFromCustomerEscrowDeposits
13631000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43469000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29273000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-179818000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1013000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
439055000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
212658000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
259237000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
211645000 USD
us-gaap Interest Paid Net
InterestPaidNet
1202000 USD
us-gaap Interest Paid Net
InterestPaidNet
0 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
561000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
244000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
620000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
21000 USD
rdfn Leasehold Improvements Paid Directly By Lessor
LeaseholdImprovementsPaidDirectlyByLessor
3444000 USD
rdfn Leasehold Improvements Paid Directly By Lessor
LeaseholdImprovementsPaidDirectlyByLessor
926000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
209255000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3671000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4750000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2018Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
167000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
4897000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
3207000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
3207000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
225613000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
314349000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3246000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2039000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
975000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
6167000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
43000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-12625000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
312245000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
235430000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3671000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10753000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
227000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
9218000 USD
us-gaap Net Income Loss
NetIncomeLoss
-33232000 USD
us-gaap Net Income Loss
NetIncomeLoss
-33232000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
225613000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
371938000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3246000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5770000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1792000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
12843000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
44000 USD
us-gaap Net Income Loss
NetIncomeLoss
-79804000 USD
us-gaap Net Income Loss
NetIncomeLoss
-79804000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
312245000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:125%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#231f20;font-weight:bold;">Use of Estimates</span><span style="font-family:Arial;font-size:10pt;color:#231f20;">—</span><span style="font-family:Arial;font-size:10pt;">The preparation of consolidated financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and results of operations during the respective periods. The Company evaluates its estimates on an ongoing basis. During the </span><span style="font-family:Arial;font-size:10pt;">six months ended</span><span style="font-family:Arial;font-size:10pt;"> </span><span style="font-family:Arial;font-size:10pt;color:#231f20;">June 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the estimated useful life of capitalized software for internal use was updated from </span><span style="font-family:Arial;font-size:10pt;">one</span><span style="font-family:Arial;font-size:10pt;"> to </span><span style="font-family:Arial;font-size:10pt;"><span>two years</span></span><span style="font-family:Arial;font-size:10pt;">. This change in estimate was not material. In addition, with the adoption of Accounting Standards Codification Topic 842, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Leases </span><span style="font-family:Arial;font-size:10pt;">("ASC 842" or "Topic 842"), the Company estimated its incremental borrowing rate for the determination of the present value of lease payments. Further description of the impact of this pronouncement is included in Note 6: Leases. The amounts ultimately realized from the affected assets or liabilities will depend on, among other factors, general business conditions and could differ materially in the near term from the carrying amounts reflected in the consolidated financial statements.</span></div><div style="line-height:125%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div>
rdfn Number Of Types Of Investments
NumberOfTypesOfInvestments
2 investment_type
us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
0 USD
CY2018Q4 rdfn Paymentsto Acquire Equity Securities Fvni
PaymentstoAcquireEquitySecuritiesFVNI
2000000 USD
CY2019Q2 us-gaap Advertising Expense
AdvertisingExpense
23845000 USD
CY2018Q2 us-gaap Advertising Expense
AdvertisingExpense
12048000 USD
us-gaap Advertising Expense
AdvertisingExpense
54078000 USD
us-gaap Advertising Expense
AdvertisingExpense
23231000 USD
CY2019Q2 rdfn Advertising Production Costs
AdvertisingProductionCosts
101000 USD
CY2018Q2 rdfn Advertising Production Costs
AdvertisingProductionCosts
25000 USD
rdfn Advertising Production Costs
AdvertisingProductionCosts
149000 USD
rdfn Advertising Production Costs
AdvertisingProductionCosts
13000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
197780000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
142642000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
307922000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222536000 USD
CY2019Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
149434000 USD
CY2018Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
97429000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
256821000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
171626000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
48346000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
45213000 USD
us-gaap Gross Profit
GrossProfit
51101000 USD
us-gaap Gross Profit
GrossProfit
50910000 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
60767000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
42756000 USD
us-gaap Operating Expenses
OperatingExpenses
130972000 USD
us-gaap Operating Expenses
OperatingExpenses
85628000 USD
CY2019Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
1913000 USD
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
729000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
4229000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1307000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
2153000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
4290000 USD
us-gaap Interest Expense
InterestExpense
0 USD
CY2019Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
36000 USD
CY2018Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
21000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
128000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
179000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-12625000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
3207000 USD
us-gaap Net Income Loss
NetIncomeLoss
-79804000 USD
us-gaap Net Income Loss
NetIncomeLoss
-33232000 USD
CY2019Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
38902000 USD
CY2018Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
19036000 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
216000 USD
CY2018Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
134000 USD
CY2019Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
38686000 USD
CY2018Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
18902000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
166000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
160000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
70000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-2000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
20000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
24000 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
216000 USD
CY2018Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
134000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14590000 USD
CY2019Q2 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
52118000 USD
CY2018Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
12649000 USD
CY2019Q2 rdfn Inventory Real Estate Not Available For Sale
InventoryRealEstateNotAvailableForSale
9370000 USD
CY2018Q4 rdfn Inventory Real Estate Not Available For Sale
InventoryRealEstateNotAvailableForSale
2328000 USD
CY2019Q2 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
24166000 USD
CY2018Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
7717000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
85654000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
22694000 USD
CY2019Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
179000 USD
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
190000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
60252000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
46717000 USD
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
24577000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21530000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
35675000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25187000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
2049000 USD
CY2018Q2 us-gaap Depreciation
Depreciation
1777000 USD
us-gaap Depreciation
Depreciation
3565000 USD
us-gaap Depreciation
Depreciation
3658000 USD
CY2019Q2 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
2412000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2946000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
5495000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1489000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6412000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14590000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14117000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13415000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
12539000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
27403000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
88476000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
27123000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
61353000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
us-gaap Operating Lease Payments
OperatingLeasePayments
4445000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
47773000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6412000 USD
CY2019Q2 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
35673000 USD
CY2019Q2 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
701000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7975000 USD
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
57423000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13415000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14117000 USD
CY2019Q2 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
1138000 USD
CY2019Q2 rdfn Lessee Operating Lease Liability Payments Due Year Fiveand Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveandThereafter
39942000 USD
CY2019Q2 rdfn Other Commitment Duein Fifth Yearand Thereafter
OtherCommitmentDueinFifthYearandThereafter
0 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
88476000 USD
CY2019Q2 us-gaap Other Commitment
OtherCommitment
39924000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4880000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2318000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2562000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4880000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2074000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2806000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
122000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
244000 USD
CY2019Q2 rdfn Finite Lived Intangible Assets Amortization Expense Next Five Years
FiniteLivedIntangibleAssetsAmortizationExpenseNextFiveYears
2440000 USD
CY2019Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
33265000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
22862000 USD
CY2019Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
24158000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
30837000 USD
CY2019Q2 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
17797000 USD
CY2018Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
6226000 USD
CY2019Q2 rdfn Miscellaneous Other Payables Current
MiscellaneousOtherPayablesCurrent
453000 USD
CY2018Q4 rdfn Miscellaneous Other Payables Current
MiscellaneousOtherPayablesCurrent
318000 USD
CY2019Q2 rdfn Other Payables Current
OtherPayablesCurrent
18250000 USD
CY2018Q4 rdfn Other Payables Current
OtherPayablesCurrent
6544000 USD
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9435349 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.48
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y21D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
74669000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
150000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
27.50
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1099599 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.25
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
71588 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
9.21
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
2294 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
8.36
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8411868 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.99
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y9M25D
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
93834000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
7146358 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.21
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y5M26D
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
84134000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
5267000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5876000 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4778000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12282000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8975000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-12625000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
3207000 USD
us-gaap Net Income Loss
NetIncomeLoss
-79804000 USD
us-gaap Net Income Loss
NetIncomeLoss
-33232000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91216886 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83164670 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90915334 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82590979 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7578508 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91216886 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90743178 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90915334 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82590979 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.40
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.88
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.40
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12348642 shares
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
179712 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12348642 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12785998 shares
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2017Q1 rdfn Operating Loss Carryforwards Limitations On Use Value
OperatingLossCarryforwardsLimitationsOnUseValue
1538000 USD

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