2020 Q1 Form 10-Q Financial Statement

#000138282120000105 Filed on May 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $191.0M $110.1M
YoY Change 73.41% 37.86%
Cost Of Revenue $178.1M $107.4M
YoY Change 65.86% 44.73%
Gross Profit $12.88M $2.753M
YoY Change 367.82% -51.67%
Gross Profit Margin 6.74% 2.5%
Selling, General & Admin $50.04M $54.65M
YoY Change -8.44% 81.51%
% of Gross Profit 388.5% 1985.07%
Research & Development $20.27M $15.56M
YoY Change 30.33% 21.89%
% of Gross Profit 157.42% 565.06%
Depreciation & Amortization $3.307M $1.637M
YoY Change 102.02% -18.27%
% of Gross Profit 25.68% 59.46%
Operating Expenses $70.31M $70.21M
YoY Change 0.15% 63.76%
Operating Profit -$57.43M -$67.45M
YoY Change -14.86% 81.45%
Interest Expense $2.444M $2.136M
YoY Change 14.42%
% of Operating Profit
Other Income/Expense, Net -$1.346M $92.00K
YoY Change -1563.04% -87.48%
Pretax Income -$60.10M -$67.20M
YoY Change -10.57% 84.62%
Income Tax
% Of Pretax Income
Net Earnings -$60.12M -$67.18M
YoY Change -10.51% 84.36%
Net Earnings / Revenue -31.48% -60.99%
Basic Earnings Per Share -$0.64
Diluted Earnings Per Share -$0.64 -$741.7K
COMMON SHARES
Basic Shares Outstanding 93.44M shares 90.49M shares
Diluted Shares Outstanding 93.44M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $289.0M $395.6M
YoY Change -26.95% 107.34%
Cash & Equivalents $213.9M $395.6M
Short-Term Investments $75.05M
Other Short-Term Assets $5.243M $24.10M
YoY Change -78.24% 224.49%
Inventory $70.65M $38.31M
Prepaid Expenses $9.555M
Receivables $21.82M $16.25M
Other Receivables $44.30M $15.70M
Total Short-Term Assets $457.4M $490.0M
YoY Change -6.66% 115.23%
LONG-TERM ASSETS
Property, Plant & Equipment $40.50M $30.62M
YoY Change 32.26% 33.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $26.70M
YoY Change
Other Assets $8.923M $9.403M
YoY Change -5.1% 33.32%
Total Long-Term Assets $137.5M $84.63M
YoY Change 62.46% 100.11%
TOTAL ASSETS
Total Short-Term Assets $457.4M $490.0M
Total Long-Term Assets $137.5M $84.63M
Total Assets $594.8M $574.6M
YoY Change 3.52% 112.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.909M $17.53M
YoY Change -83.41% 498.6%
Accrued Expenses $58.46M $54.06M
YoY Change 8.12% 59.64%
Deferred Revenue
YoY Change
Short-Term Debt $51.50M $15.20M
YoY Change 238.82% 985.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $136.1M $103.6M
YoY Change 31.37% 105.72%
LONG-TERM LIABILITIES
Long-Term Debt $121.3M $115.1M
YoY Change 5.39%
Other Long-Term Liabilities $57.30M $41.60M
YoY Change 37.74% 303.88%
Total Long-Term Liabilities $178.6M $156.7M
YoY Change 13.98% 1421.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $136.1M $103.6M
Total Long-Term Liabilities $178.6M $156.7M
Total Liabilities $314.6M $260.3M
YoY Change 20.9% 328.8%
SHAREHOLDERS EQUITY
Retained Earnings -$311.9M -$238.2M
YoY Change 30.96% 43.95%
Common Stock $94.00K $91.00K
YoY Change 3.3% 9.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $280.2M $314.3M
YoY Change
Total Liabilities & Shareholders Equity $594.8M $574.6M
YoY Change 3.52% 112.86%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$60.12M -$67.18M
YoY Change -10.51% 84.36%
Depreciation, Depletion And Amortization $3.307M $1.637M
YoY Change 102.02% -18.27%
Cash From Operating Activities -$43.45M -$47.16M
YoY Change -7.86% 130.12%
INVESTING ACTIVITIES
Capital Expenditures $3.406M $3.151M
YoY Change 8.09% 36.7%
Acquisitions
YoY Change
Other Investing Activities -$60.00K
YoY Change
Cash From Investing Activities -$3.468M -$3.151M
YoY Change 10.06% 36.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $30.21M $17.34M
YoY Change 74.18% 44.08%
NET CHANGE
Cash From Operating Activities -$43.45M -$47.16M
Cash From Investing Activities -$3.468M -$3.151M
Cash From Financing Activities $30.21M $17.34M
Net Change In Cash -$16.74M -$32.97M
YoY Change -49.23% 206.35%
FREE CASH FLOW
Cash From Operating Activities -$43.45M -$47.16M
Capital Expenditures $3.406M $3.151M
Free Cash Flow -$46.86M -$50.31M
YoY Change -6.86% 120.68%

Facts In Submission

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CY2019Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
CY2020Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
7398000 USD
CY2019Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
CY2020Q1 rdfn Proceeds From Customer Escrow Deposits
ProceedsFromCustomerEscrowDeposits
3684000 USD
CY2019Q1 rdfn Proceeds From Customer Escrow Deposits
ProceedsFromCustomerEscrowDeposits
3968000 USD
CY2020Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
15000 USD
CY2019Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30206000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17342000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-25000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16736000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-32966000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
247448000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
439055000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
230712000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
406089000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
1582000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
1202000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
504000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
270000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
451000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1370000 USD
CY2020Q1 rdfn Leasehold Improvements Paid Directly By Lessor
LeaseholdImprovementsPaidDirectlyByLessor
0 USD
CY2019Q1 rdfn Leasehold Improvements Paid Directly By Lessor
LeaseholdImprovementsPaidDirectlyByLessor
1963000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
371938000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3732000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2019Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
818000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
6676000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-67180000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
314349000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
331446000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3916000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3307000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
7715000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
533000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-60117000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
280186000 USD
CY2020Q1 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. We evaluate our estimates on an ongoing basis. In January 2020 we adopted ASU 2016-13, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Financial Instruments—Credit Losses (Topic 326), </span><span style="font-family:Arial;font-size:10pt;">which modifies the measurement of credit losses on financial instruments. As part of the adoption we estimated the current expected credit losses for certain classes of relevant assets. The amounts realized from the affected assets will depend on, among other factors, general business conditions, including the impacts from COVID-19, and could differ in the near term from carrying amounts reflected in the consolidated financial statements. Further description of the impact of this pronouncement is included in Recently Adopted Accounting Pronouncements.</span></div>
CY2019Q1 us-gaap Interest Expense
InterestExpense
2136000 USD
CY2020Q1 rdfn Number Of Types Of Investments
NumberOfTypesOfInvestments
2 investment_type
CY2018Q4 rdfn Paymentsto Acquire Equity Securities Fvni
PaymentstoAcquireEquitySecuritiesFVNI
2000000 USD
CY2020Q1 us-gaap Advertising Expense
AdvertisingExpense
22529000 USD
CY2019Q1 us-gaap Advertising Expense
AdvertisingExpense
30234000 USD
CY2020Q1 rdfn Advertising Production Costs
AdvertisingProductionCosts
174000 USD
CY2019Q1 rdfn Advertising Production Costs
AdvertisingProductionCosts
48000 USD
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 segment
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
190995000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
110141000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
178116000 USD
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
107388000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
12879000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
2753000 USD
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
70309000 USD
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
70205000 USD
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1103000 USD
CY2019Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
2316000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
2444000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1346000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
92000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-60117000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-67180000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
430000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
3318000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
2494000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
371000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1625000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
1195000 USD
CY2020Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
2000000 USD
CY2020Q1 us-gaap Impairment Of Investments
ImpairmentOfInvestments
1420000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
16772000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
16772000 USD
CY2020Q1 rdfn Cash Cash Equivalents And Available For Sale Debt Securities Amortized Cost
CashCashEquivalentsAndAvailableForSaleDebtSecuritiesAmortizedCost
331325000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
574000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6000 USD
CY2020Q1 rdfn Cash Cash Equivalents And Available For Sale Debt Securities
CashCashEquivalentsAndAvailableForSaleDebtSecurities
331893000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
75049000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
26711000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
12769000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
12769000 USD
CY2019Q4 rdfn Cash Cash Equivalents And Available For Sale Debt Securities Amortized Cost
CashCashEquivalentsAndAvailableForSaleDebtSecuritiesAmortizedCost
348446000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
31000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
22000 USD
CY2019Q4 rdfn Cash Cash Equivalents And Available For Sale Debt Securities
CashCashEquivalentsAndAvailableForSaleDebtSecurities
348455000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
70029000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
30978000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
2094000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
46550000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
6000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
22000 USD
CY2020Q1 us-gaap Interest Receivable
InterestReceivable
164000 USD
CY2019Q4 us-gaap Interest Receivable
InterestReceivable
183000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2020Q1 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
47887000 USD
CY2019Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
36982000 USD
CY2020Q1 rdfn Inventory Real Estate Not Available For Sale
InventoryRealEstateNotAvailableForSale
3667000 USD
CY2019Q4 rdfn Inventory Real Estate Not Available For Sale
InventoryRealEstateNotAvailableForSale
3163000 USD
CY2020Q1 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
19095000 USD
CY2019Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
34445000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
70649000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
74590000 USD
CY2020Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
818000 USD
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
143000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
74590000 USD
CY2020Q1 rdfn Inventory Net Additions
InventoryNetAdditions
68384000 USD
CY2020Q1 rdfn Inventory Net Transferred To Cost Of Revenue
InventoryNetTransferredToCostOfRevenue
71650000 USD
CY2020Q1 us-gaap Inventory Write Down
InventoryWriteDown
675000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
70649000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
72583000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
68624000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
32087000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
29047000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
40496000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39577000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
3186000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
1515000 USD
CY2020Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2677000 USD
CY2019Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1911000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3232000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
2548000 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
17000 USD
CY2019Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 USD
CY2020Q1 rdfn Finance Lease Cost
FinanceLeaseCost
20000 USD
CY2019Q1 rdfn Finance Lease Cost
FinanceLeaseCost
0 USD
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
226000 USD
CY2019Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
821000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
11461000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
45000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14289000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
60000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13589000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
60000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12612000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
46000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
10931000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
16915000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
79797000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
211000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11203000 USD
CY2020Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
18000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
68594000 USD
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
193000 USD
CY2020Q1 rdfn Operating Lease Capitalized Interest Expense
OperatingLeaseCapitalizedInterestExpense
9402000 USD
CY2019Q1 rdfn Financing Lease Capitalized Interest Expense
FinancingLeaseCapitalizedInterestExpense
18000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3464000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1975000 USD
CY2020Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3000 USD
CY2019Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
0 USD
CY2020Q1 rdfn Finance Lease Cash Flows From Finance Lease Excluding Principal Payments And Interest
FinanceLeaseCashFlowsFromFinanceLeaseExcludingPrincipalPaymentsAndInterest
12000 USD
CY2019Q1 rdfn Finance Lease Cash Flows From Finance Lease Excluding Principal Payments And Interest
FinanceLeaseCashFlowsFromFinanceLeaseExcludingPrincipalPaymentsAndInterest
0 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
223000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
33953000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2020Q1 rdfn Lessee Lease Liability Payments Remainder Of Fiscal Year
LesseeLeaseLiabilityPaymentsRemainderOfFiscalYear
11506000 USD
CY2020Q1 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
8716000 USD
CY2020Q1 rdfn Lessee Lease Liability Payments Due Year Two
LesseeLeaseLiabilityPaymentsDueYearTwo
14349000 USD
CY2020Q1 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
4780000 USD
CY2020Q1 rdfn Lessee Lease Liability Payments Due Year Three
LesseeLeaseLiabilityPaymentsDueYearThree
13649000 USD
CY2020Q1 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
5439000 USD
CY2020Q1 rdfn Lessee Lease Liability Payments Due Year Four
LesseeLeaseLiabilityPaymentsDueYearFour
12658000 USD
CY2020Q1 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
0 USD
CY2020Q1 rdfn Lessee Lease Liability Payments Due Year Five And Thereafter
LesseeLeaseLiabilityPaymentsDueYearFiveAndThereafter
27846000 USD
CY2020Q1 rdfn Other Commitment Duein Fifth Yearand Thereafter
OtherCommitmentDueinFifthYearandThereafter
0 USD
CY2020Q1 rdfn Lessee Lease Liability Payments Due
LesseeLeaseLiabilityPaymentsDue
80008000 USD
CY2020Q1 us-gaap Other Commitment
OtherCommitment
18935000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4880000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2684000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2196000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4880000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2562000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2318000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
122000 USD
CY2020Q1 rdfn Finite Lived Intangible Assets Amortization Expense Next Five Years
FiniteLivedIntangibleAssetsAmortizationExpenseNextFiveYears
2196000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
488000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
244000 USD
CY2020Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
37300000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
30462000 USD
CY2020Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
21156000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7560000 USD
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
58456000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
38022000 USD
CY2020Q1 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
10793000 USD
CY2019Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
7109000 USD
CY2020Q1 rdfn Miscellaneous Other Payables Current
MiscellaneousOtherPayablesCurrent
924000 USD
CY2019Q4 rdfn Miscellaneous Other Payables Current
MiscellaneousOtherPayablesCurrent
775000 USD
CY2020Q1 rdfn Other Payables Current
OtherPayablesCurrent
11717000 USD
CY2019Q4 rdfn Other Payables Current
OtherPayablesCurrent
7884000 USD
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2019Q1 rdfn Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Vestedin Period Grant Date Fair Value
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsVestedinPeriodGrantDateFairValue
1449000 USD
CY2020Q1 rdfn Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Vestedin Period Grant Date Fair Value
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsVestedinPeriodGrantDateFairValue
739000 USD
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7792181 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.00
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y3M10D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
111122000 USD
CY2020Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
738398 shares
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.30
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
20798 shares
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
9.01
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
4266 shares
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
10.80
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7028719 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.17
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y1M13D
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
59786000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
6472555 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.54
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y11M4D
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
57443000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2255000 USD
CY2020Q1 rdfn Sharebased Compensation Arrangementby Sharebased Payment Award Options Exercisedin Period Grant Date Fair Value
SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsExercisedinPeriodGrantDateFairValue
15251000 USD
CY2019Q1 rdfn Sharebased Compensation Arrangementby Sharebased Payment Award Options Exercisedin Period Grant Date Fair Value
SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsExercisedinPeriodGrantDateFairValue
8682000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7211000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6406000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
504000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
270000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-60117000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-67180000 USD
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
93442706 shares
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
90610416 shares
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.64
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.74
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11944010 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12592084 shares
CY2020Q1 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
CY2020Q1 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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