2022 Q3 Form 10-Q Financial Statement

#000138282122000198 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $600.5M $606.9M $597.3M
YoY Change 11.19% 28.77% 122.63%
Cost Of Revenue $542.4M $488.9M $524.8M
YoY Change 31.41% 41.64% 132.26%
Gross Profit $58.08M $118.0M $72.54M
YoY Change -54.38% -6.45% 71.25%
Gross Profit Margin 9.67% 19.44% 12.14%
Selling, General & Admin $94.75M $128.5M $102.3M
YoY Change -8.48% 11.75% 107.97%
% of Gross Profit 163.15% 108.88% 141.04%
Research & Development $48.06M $51.51M $49.64M
YoY Change 10.09% 24.15% 79.35%
% of Gross Profit 82.76% 43.65% 68.43%
Depreciation & Amortization $6.552M $6.579M $14.81M
YoY Change 21.36% 38.48% 241.23%
% of Gross Profit 11.28% 5.58% 20.42%
Operating Expenses $143.1M $192.7M $157.7M
YoY Change -2.78% 23.14% 105.09%
Operating Profit -$85.02M -$74.66M -$85.12M
YoY Change 327.38% 146.25% 146.63%
Interest Expense $5.359M $3.620M $3.861M
YoY Change 45.94% 28.69% 188.57%
% of Operating Profit
Other Income/Expense, Net -$905.0K -$265.0K -$1.911M
YoY Change -121.92% -507.69% 1977.17%
Pretax Income -$90.11M -$77.99M -$90.67M
YoY Change 367.88% 136.83% 153.27%
Income Tax $132.0K $159.0K $134.0K
% Of Pretax Income
Net Earnings -$90.25M -$78.15M -$90.81M
YoY Change 376.25% 180.31% 153.76%
Net Earnings / Revenue -15.03% -12.88% -15.2%
Basic Earnings Per Share -$0.83 -$0.73 -$0.86
Diluted Earnings Per Share -$0.83 -$0.73 -$0.86
COMMON SHARES
Basic Shares Outstanding 108.5M shares 107.4M shares 106.7M shares
Diluted Shares Outstanding 108.6M shares 107.4M shares 106.7M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $470.0M $462.4M $708.1M
YoY Change -20.51% -39.55% -48.76%
Cash & Equivalents $359.7M $379.9M $612.7M
Short-Term Investments $110.3M $82.51M $95.46M
Other Short-Term Assets $26.74M $18.38M $6.748M
YoY Change 213.2% 156.96% -3.79%
Inventory $301.2M $377.5M $245.5M
Prepaid Expenses $27.36M $30.78M $26.84M
Receivables $96.34M $86.08M $52.28M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.222B $1.310B $1.099B
YoY Change -3.27% 6.67% -35.12%
LONG-TERM ASSETS
Property, Plant & Equipment $59.24M $59.71M $60.84M
YoY Change 6.67% 10.76% 27.68%
Goodwill $461.3M $461.3M $409.4M
YoY Change 13.29% 13.29%
Intangibles $172.0M $181.8M $177.0M
YoY Change -11.72% -10.8%
Long-Term Investments $41.68M $52.99M $56.19M
YoY Change -22.08% 46.84% 714.41%
Other Assets $12.05M $12.72M $13.09M
YoY Change -8.19% -9.52% 48.14%
Total Long-Term Assets $828.9M $857.9M $767.9M
YoY Change 6.27% 10.95% 528.33%
TOTAL ASSETS
Total Short-Term Assets $1.222B $1.310B $1.099B
Total Long-Term Assets $828.9M $857.9M $767.9M
Total Assets $2.051B $2.168B $1.867B
YoY Change 0.37% 8.33% 2.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.42M $20.24M $22.69M
YoY Change 23.3% -22.45% 45.77%
Accrued Expenses $133.9M $161.8M $103.4M
YoY Change 31.23% 58.1% 36.56%
Deferred Revenue
YoY Change
Short-Term Debt $454.9M $454.8M $159.2M
YoY Change 89.99% 167.25% 77.83%
Long-Term Debt Due $23.39M $0.00 $0.00
YoY Change 0.65% -100.0% -100.0%
Total Short-Term Liabilities $645.7M $655.1M $300.4M
YoY Change 58.91% 85.01% 27.28%
LONG-TERM LIABILITIES
Long-Term Debt $1.218B $1.240B $1.239B
YoY Change 0.41% 2.34% 8.93%
Other Long-Term Liabilities $39.80M $50.92M $51.72M
YoY Change -31.09% -16.47% -2.97%
Total Long-Term Liabilities $1.258B $1.291B $1.290B
YoY Change -1.02% 1.44% 8.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $645.7M $655.1M $300.4M
Total Long-Term Liabilities $1.258B $1.291B $1.290B
Total Liabilities $1.904B $1.947B $1.592B
YoY Change 12.94% 19.01% 11.06%
SHAREHOLDERS EQUITY
Retained Earnings -$631.4M -$541.1M -$463.0M
YoY Change 82.92% 65.88% 76.34%
Common Stock $109.0K $108.0K $107.0K
YoY Change 3.81% 2.86% 2.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $107.4M $181.3M $235.6M
YoY Change
Total Liabilities & Shareholders Equity $2.051B $2.168B $1.867B
YoY Change 0.37% 8.33% 2.78%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$90.25M -$78.15M -$90.81M
YoY Change 376.25% 180.31% 153.76%
Depreciation, Depletion And Amortization $6.552M $6.579M $14.81M
YoY Change 21.36% 38.48% 241.23%
Cash From Operating Activities $20.01M -$247.5M $79.00M
YoY Change -109.98% 51.96% -255.62%
INVESTING ACTIVITIES
Capital Expenditures -$5.365M -$4.689M $7.442M
YoY Change -23.3% -43.44% 40.81%
Acquisitions
YoY Change
Other Investing Activities -$16.46M -$81.40M -$65.75M
YoY Change 39.61% -84.53% 1432.63%
Cash From Investing Activities -$21.82M -$86.09M -$73.19M
YoY Change 16.18% -83.89% 664.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.649M 93.11M -$75.36M
YoY Change -103.85% -34.44% -116.47%
NET CHANGE
Cash From Operating Activities 20.01M -247.5M $79.00M
Cash From Investing Activities -21.82M -86.09M -$73.19M
Cash From Financing Activities -2.649M 93.11M -$75.36M
Net Change In Cash -4.462M -240.5M -$69.55M
YoY Change -97.03% -56.7% -117.51%
FREE CASH FLOW
Cash From Operating Activities $20.01M -$247.5M $79.00M
Capital Expenditures -$5.365M -$4.689M $7.442M
Free Cash Flow $25.38M -$242.8M $71.56M
YoY Change -113.12% 57.08% -227.67%

Facts In Submission

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NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-170096000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-170096000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-67876000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-67876000 usd
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.65
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.65
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107396575 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104391337 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104391337 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107032381 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107032381 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103912212 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103912212 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-27878000 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
34000 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
0 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
38000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
778000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
134000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
0 usd
CY2022Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
217000 usd
CY2021Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
84000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-27794000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-168136000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Net Income Loss
NetIncomeLoss
-168952000 usd
us-gaap Net Income Loss
NetIncomeLoss
-63662000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
31140000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18018000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
33601000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
26327000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2899000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2203000 usd
rdfn Operating Lease Non Cash Lease Expense
OperatingLeaseNonCashLeaseExpense
7096000 usd
rdfn Operating Lease Non Cash Lease Expense
OperatingLeaseNonCashLeaseExpense
5448000 usd
rdfn Gain Loss On Interest Rate Lock Commitments Forward Sales Commitments And Fair Value Adjustment Of Loans Held For Sale
GainLossOnInterestRateLockCommitmentsForwardSalesCommitmentsAndFairValueAdjustmentOfLoansHeldForSale
2721000 usd
rdfn Gain Loss On Interest Rate Lock Commitments Forward Sales Commitments And Fair Value Adjustment Of Loans Held For Sale
GainLossOnInterestRateLockCommitmentsForwardSalesCommitmentsAndFairValueAdjustmentOfLoansHeldForSale
238000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
3170000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
169000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6791000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22312000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
19297000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
199845000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2852000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7137000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5964000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
15766000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5529000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
26915000 usd
rdfn Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-8042000 usd
rdfn Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
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rdfn Increase Decrease Payments To Acquire Mortgage Servicing Rights Msr
IncreaseDecreasePaymentsToAcquireMortgageServicingRightsMSR
-964000 usd
rdfn Increase Decrease Payments To Acquire Mortgage Servicing Rights Msr
IncreaseDecreasePaymentsToAcquireMortgageServicingRightsMSR
0 usd
rdfn Change In Fair Value Of Mortgage Servicing Rights Net Operating Activities
ChangeInFairValueOfMortgageServicingRightsNetOperatingActivities
-878000 usd
rdfn Change In Fair Value Of Mortgage Servicing Rights Net Operating Activities
ChangeInFairValueOfMortgageServicingRightsNetOperatingActivities
0 usd
rdfn Proceeds From Sale Of Mortgage Servicing Rights Msr Operating Activities
ProceedsFromSaleOfMortgageServicingRightsMSROperatingActivities
774000 usd
rdfn Proceeds From Sale Of Mortgage Servicing Rights Msr Operating Activities
ProceedsFromSaleOfMortgageServicingRightsMSROperatingActivities
0 usd
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
1641377000 usd
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
488274000 usd
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
1587759000 usd
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
478652000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-168500000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12131000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13580000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
82184000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
104877000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
12946000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
89536000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
19425000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
92843000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
97341000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
608000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-159285000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9258000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12496000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3743000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16530000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
1628684000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
464250000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
1572033000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
456854000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
326025000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
230608000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
369266000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
130788000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
561529000 usd
rdfn Purchase Of Capped Call Related To Convertible Debt
PurchaseOfCappedCallRelatedToConvertibleDebt
0 usd
rdfn Purchase Of Capped Call Related To Convertible Debt
PurchaseOfCappedCallRelatedToConvertibleDebt
62647000 usd
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 usd
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
1925000 usd
rdfn Proceeds From Customer Escrow Deposits
ProceedsFromCustomerEscrowDeposits
0 usd
rdfn Proceeds From Customer Escrow Deposits
ProceedsFromCustomerEscrowDeposits
97000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
414000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
353000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
764000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
305000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17747000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
599578000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-42000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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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
-310080000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-158138000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
718281000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
945820000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
408201000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
787682000 usd
us-gaap Interest Paid Net
InterestPaidNet
6581000 usd
us-gaap Interest Paid Net
InterestPaidNet
2038000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2053000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1717000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
69000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1013000 usd
rdfn Leasehold Improvements Paid Directly By Lessor
LeaseholdImprovementsPaidDirectlyByLessor
77000 usd
rdfn Leasehold Improvements Paid Directly By Lessor
LeaseholdImprovementsPaidDirectlyByLessor
1334000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
379922000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
735387000 usd
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
28279000 usd
CY2021Q2 us-gaap Restricted Cash
RestrictedCash
52295000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
408201000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
787682000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
235623000 usd
CY2022Q2 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
0 usd
CY2022Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
4630000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2813000 usd
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1148000 usd
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1148000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17732000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-251000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
325596000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-78146000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
181253000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
309852000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
4630000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4628000 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
3743000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
35654000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-816000 usd
us-gaap Net Income Loss
NetIncomeLoss
-168952000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
181253000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
343632000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
7299000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1737000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
5670000 usd
CY2021Q2 rdfn Adjustments To Additional Paid In Capital Purchase Of Capped Calls Related To Convertible Debt
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCallsRelatedToConvertibleDebt
8168000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-1000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14729000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-84000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-27878000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
325596000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
590557000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
7299000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5200000 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
16530000 usd
rdfn Adjustments To Additional Paid In Capital Purchase Of Capped Calls Related To Convertible Debt
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCallsRelatedToConvertibleDebt
62647000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-53000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
28044000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-134000 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—The preparation of consolidated financial statements, in conformity with GAAP, requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and results of operations during the respective periods. Our estimates include, but are not limited to, valuation of deferred income taxes, stock-based compensation, net realizable value of inventory, capitalization of website and software development costs, the incremental borrowing rate for the determination of the present value of lease payments, recoverability of intangible assets with finite lives, fair value of our mortgage loans held for sale (“LHFS”) and mortgage servicing rights, estimated useful life of intangible assets, fair value of reporting units for purposes of allocating and evaluating goodwill for impairment, and current expected credit losses on certain financial assets. The amounts ultimately realized from the affected assets or ultimately recognized as 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>
CY2022Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1507000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2424000 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
51506000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
6 segment
CY2022Q2 us-gaap Marketing Expense
MarketingExpense
56743000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
71733000 usd
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
12677000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
606915000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
488912000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
118003000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
192659000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-74656000 usd
CY2022Q2 rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
-3490000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-78146000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
471315000 usd
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
345179000 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
126136000 usd
CY2021Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41488000 usd
CY2021Q2 us-gaap Marketing Expense
MarketingExpense
55398000 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
59567000 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
156453000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-30317000 usd
CY2021Q2 rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
2439000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-27878000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1204261000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1013721000 usd
us-gaap Gross Profit
GrossProfit
190540000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
101146000 usd
us-gaap Marketing Expense
MarketingExpense
100085000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
130699000 usd
us-gaap Restructuring Charges
RestructuringCharges
18386000 usd
us-gaap Operating Expenses
OperatingExpenses
350316000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-159776000 usd
rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
-9176000 usd
us-gaap Net Income Loss
NetIncomeLoss
-168952000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
739634000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
571140000 usd
us-gaap Gross Profit
GrossProfit
168494000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
69166000 usd
us-gaap Marketing Expense
MarketingExpense
67200000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
96957000 usd
us-gaap Operating Expenses
OperatingExpenses
233323000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-64829000 usd
rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
1167000 usd
us-gaap Net Income Loss
NetIncomeLoss
-63662000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
33982000 usd
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 usd
CY2022Q2 us-gaap Share Price
SharePrice
8.24
CY2022Q2 us-gaap Interest Receivable
InterestReceivable
171000 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
86000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2022Q2 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
98020000 usd
CY2021Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
36302000 usd
CY2022Q2 rdfn Properties Under Contract For Sale
PropertiesUnderContractForSale
55201000 usd
CY2021Q4 rdfn Properties Under Contract For Sale
PropertiesUnderContractForSale
83108000 usd
CY2022Q2 rdfn Inventory Real Estate Not Available For Sale
InventoryRealEstateNotAvailableForSale
41106000 usd
CY2021Q4 rdfn Inventory Real Estate Not Available For Sale
InventoryRealEstateNotAvailableForSale
16377000 usd
CY2022Q2 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
183191000 usd
CY2021Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
222434000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
377518000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
358221000 usd
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4739000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2364000 usd
rdfn Number Of Homes Purchased
NumberOfHomesPurchased
1045 home
rdfn Inventory Net Additions
InventoryNetAdditions
540882000 usd
rdfn Number Of Homes Sold
NumberOfHomesSold
1040 home
rdfn Inventory Net Sales
InventoryNetSales
515067000 usd
rdfn Number Of Homes Purchased
NumberOfHomesPurchased
808 home
rdfn Inventory Net Additions
InventoryNetAdditions
410960000 usd
rdfn Number Of Homes Sold
NumberOfHomesSold
463 home
rdfn Inventory Net Sales
InventoryNetSales
213921000 usd
CY2022Q2 rdfn Lessee Lease Liability Payments Remainder Of Fiscal Year
LesseeLeaseLiabilityPaymentsRemainderOfFiscalYear
138271000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
66668000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
59766000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
59709000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58671000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
6579000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
4751000 usd
us-gaap Depreciation
Depreciation
12466000 usd
us-gaap Depreciation
Depreciation
8970000 usd
CY2022Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
4896000 usd
CY2021Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
5045000 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
11011000 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
8410000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
5499000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3976000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
9570000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
7417000 usd
CY2022Q2 rdfn Finance Lease Cost
FinanceLeaseCost
207000 usd
CY2021Q2 rdfn Finance Lease Cost
FinanceLeaseCost
161000 usd
rdfn Finance Lease Cost
FinanceLeaseCost
415000 usd
rdfn Finance Lease Cost
FinanceLeaseCost
226000 usd
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
434000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1047000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1423000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
726000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
10238000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
340000 usd
CY2022Q2 rdfn Lessee Operating Lease Liability Other Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityOtherPaymentsDueNextTwelveMonths
1538000 usd
CY2022Q2 rdfn Lessee Lease Liability Payments Due Next Twelve Months
LesseeLeaseLiabilityPaymentsDueNextTwelveMonths
12116000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19050000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
667000 usd
CY2022Q2 rdfn Lessee Operating Lease Liability Other Payments Due Year One
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearOne
476000 usd
CY2022Q2 rdfn Lessee Lease Liability Payments Due Year One
LesseeLeaseLiabilityPaymentsDueYearOne
20193000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15812000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
581000 usd
CY2022Q2 rdfn Lessee Operating Lease Liability Other Payments Due Year Two
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearTwo
188000 usd
CY2022Q2 rdfn Lessee Lease Liability Payments Due Year Two
LesseeLeaseLiabilityPaymentsDueYearTwo
16581000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11741000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
258000 usd
CY2022Q2 rdfn Lessee Operating Lease Liability Other Payments Due Year Three
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearThree
128000 usd
CY2022Q2 rdfn Lessee Lease Liability Payments Due Year Three
LesseeLeaseLiabilityPaymentsDueYearThree
12127000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10621000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
15000 usd
CY2022Q2 rdfn Lessee Operating Lease Liability Other Payments Due Year Four
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearFour
5000 usd
CY2022Q2 rdfn Lessee Lease Liability Payments Due Year Four
LesseeLeaseLiabilityPaymentsDueYearFour
10641000 usd
CY2022Q2 rdfn Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
6434000 usd
CY2022Q2 rdfn Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2022Q2 rdfn Lessee Operating Lease Liability Other Payments After Year Four
LesseeOperatingLeaseLiabilityOtherPaymentsAfterYearFour
0 usd
CY2022Q2 rdfn Lessee Lease Liability Payments Due After Year Four
LesseeLeaseLiabilityPaymentsDueAfterYearFour
6434000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
73896000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1861000 usd
CY2022Q2 rdfn Lessee Operating Lease Liability Other Payments Due
LesseeOperatingLeaseLiabilityOtherPaymentsDue
2335000 usd
CY2022Q2 rdfn Lessee Lease Liability Payments Due
LesseeLeaseLiabilityPaymentsDue
78092000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6523000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
134000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
67373000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
1727000 usd
rdfn Operating Lease Capitalized Interest Expense
OperatingLeaseCapitalizedInterestExpense
2547000 usd
rdfn Financing Lease Capitalized Interest Expense
FinancingLeaseCapitalizedInterestExpense
76000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2020Q4 us-gaap Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
10 plaintiff
CY2022Q2 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
3000 usd
CY2022Q2 us-gaap Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
10 plaintiff
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054
us-gaap Operating Lease Payments
OperatingLeasePayments
9567000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
7654000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
48000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
42000 usd
rdfn Finance Lease Cash Flows From Finance Lease Excluding Principal Payments And Interest
FinanceLeaseCashFlowsFromFinanceLeaseExcludingPrincipalPaymentsAndInterest
284000 usd
rdfn Finance Lease Cash Flows From Finance Lease Excluding Principal Payments And Interest
FinanceLeaseCashFlowsFromFinanceLeaseExcludingPrincipalPaymentsAndInterest
122000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1745000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6139000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
477000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
768000 usd
CY2020Q2 us-gaap Loss Contingency Patents Allegedly Infringed Number
LossContingencyPatentsAllegedlyInfringedNumber
4 patent
CY2022Q2 us-gaap Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
10 plaintiff
CY2022Q2 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
3000 usd
CY2022Q2 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
1000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
230390000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
48624000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
181766000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
215880000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
29951000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
185929000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9747000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8926000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18673000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9048000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
19494000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
38988000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
23741000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
17618000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
17380000 usd
CY2022Q2 rdfn Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
64545000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
181766000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
409382000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
461349000 usd
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOtherShareIncreaseDecreaseInPeriodWeightedAverageExercisePrice
27.50
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
107304000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
78437000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
39294000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
25217000 usd
CY2022Q2 rdfn Accrued Payroll Taxes Current Cares Act
AccruedPayrollTaxesCurrentCARESAct
7760000 usd
CY2021Q4 rdfn Accrued Payroll Taxes Current Cares Act
AccruedPayrollTaxesCurrentCARESAct
7760000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7445000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6708000 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
161803000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
118122000 usd
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
110000000 usd
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
110000000 usd
CY2022Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
39891000 usd
CY2022Q2 rdfn Temporary Equity Dividends Shares
TemporaryEquityDividendsShares
30640 shares
CY2020Q2 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
2622177 shares
rdfn Preferred Stock Dividend Rate Daily Accrual Basis Fiscal Period
PreferredStockDividendRateDailyAccrualBasisFiscalPeriod
P360D
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.00055
us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
17.95
CY2022Q2 rdfn Temporary Equity Conversion Price Ratio Denominator
TemporaryEquityConversionPriceRatioDenominator
19.51
rdfn Temporary Equity Conversion Stock Price Trigger
TemporaryEquityConversionStockPriceTrigger
27.32
rdfn Temporary Equity Threshold Consecutive Trading Days
TemporaryEquityThresholdConsecutiveTradingDays
30 tradingday
rdfn Temporary Equity Threshold Consecutive Trading Days
TemporaryEquityThresholdConsecutiveTradingDays
30 tradingday
rdfn Temporary Equity Threshold Consecutive Trading Days
TemporaryEquityThresholdConsecutiveTradingDays
30 tradingday
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000 shares
CY2021Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000 shares
CY2021Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y3M18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4019011 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.02
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y8M23D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
122038000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Other Increases Decreases In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOtherIncreasesDecreasesInPeriod
150000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
645120 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.97
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
10290 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
6.55
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3513601 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.05
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4717000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3513601 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.05
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y3M18D
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
4717000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16813000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13743000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33601000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26327000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
919000 usd
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
985000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2053000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1717000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-78146000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-27878000 usd
us-gaap Net Income Loss
NetIncomeLoss
-168952000 usd
us-gaap Net Income Loss
NetIncomeLoss
-168952000 usd
us-gaap Net Income Loss
NetIncomeLoss
-63662000 usd
us-gaap Net Income Loss
NetIncomeLoss
-63662000 usd
CY2022Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
350000 usd
CY2021Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1878000 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1144000 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
4214000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-170096000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-78496000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-78496000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-29756000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-29756000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-170096000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-67876000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-67876000 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107396575 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107396575 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104391337 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104391337 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107032381 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107032381 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103912212 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103912212 shares
CY2022Q2 rdfn Adjustments To Additional Paid In Capital Convertible Debt Capped Call Transaction
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtCappedCallTransaction
62647000 usd
CY2017Q1 rdfn Operating Loss Carryforwards Limitations On Use Value
OperatingLossCarryforwardsLimitationsOnUseValue
1506000 usd
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.65
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.65
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
31710224 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26395602 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
31710224 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26395602 shares
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
293000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0017
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0735
CY2017Q1 rdfn Tax Credit Carryforward Limitation On Use Value
TaxCreditCarryforwardLimitationOnUseValue
32000 usd

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