2022 Q4 Form 10-Q Financial Statement

#000138282122000241 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $479.7M $600.5M
YoY Change -25.41% 11.19%
Cost Of Revenue $442.2M $542.4M
YoY Change -17.35% 31.41%
Gross Profit $37.46M $58.08M
YoY Change -65.33% -54.38%
Gross Profit Margin 7.81% 9.67%
Selling, General & Admin $134.2M $94.75M
YoY Change 0.69% -8.48%
% of Gross Profit 358.2% 163.15%
Research & Development $48.06M
YoY Change 10.09%
% of Gross Profit 82.76%
Depreciation & Amortization $17.47M $6.552M
YoY Change 19.63% 21.36%
% of Gross Profit 46.64% 11.28%
Operating Expenses $134.2M $143.1M
YoY Change 0.69% -2.78%
Operating Profit -$96.71M -$85.02M
YoY Change 283.66% 327.38%
Interest Expense -$233.0K $5.359M
YoY Change -93.87% 45.94%
% of Operating Profit
Other Income/Expense, Net -$693.0K -$905.0K
YoY Change -154.96% -121.92%
Pretax Income -$62.25M -$90.11M
YoY Change 124.34% 367.88%
Income Tax -$299.0K $132.0K
% Of Pretax Income
Net Earnings -$62.09M -$90.25M
YoY Change 129.95% 376.25%
Net Earnings / Revenue -12.94% -15.03%
Basic Earnings Per Share -$0.83
Diluted Earnings Per Share -$0.57 -$0.83
COMMON SHARES
Basic Shares Outstanding 108.7M shares 108.5M shares
Diluted Shares Outstanding 108.6M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $362.1M $470.0M
YoY Change -42.04% -20.51%
Cash & Equivalents $239.8M $359.7M
Short-Term Investments $122.3M $110.3M
Other Short-Term Assets $8.690M $26.74M
YoY Change 15.5% 213.2%
Inventory $114.3M $301.2M
Prepaid Expenses $34.51M $27.36M
Receivables $54.88M $96.34M
Other Receivables $0.00 $0.00
Total Short-Term Assets $776.5M $1.222B
YoY Change -37.69% -3.27%
LONG-TERM ASSETS
Property, Plant & Equipment $55.11M $59.24M
YoY Change -6.08% 6.67%
Goodwill $461.3M $461.3M
YoY Change 12.69% 13.29%
Intangibles $162.3M $172.0M
YoY Change -12.72% -11.72%
Long-Term Investments $29.48M $41.68M
YoY Change -46.23% -22.08%
Other Assets $11.25M $12.05M
YoY Change -12.8% -8.19%
Total Long-Term Assets $797.7M $828.9M
YoY Change 2.81% 6.27%
TOTAL ASSETS
Total Short-Term Assets $776.5M $1.222B
Total Long-Term Assets $797.7M $828.9M
Total Assets $1.574B $2.051B
YoY Change -22.15% 0.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.82M $12.42M
YoY Change -5.79% 23.3%
Accrued Expenses $123.2M $133.9M
YoY Change 4.32% 31.23%
Deferred Revenue
YoY Change
Short-Term Debt $190.5M $454.9M
YoY Change -18.17% 89.99%
Long-Term Debt Due $23.43M $23.39M
YoY Change 0.65% 0.65%
Total Short-Term Liabilities $354.6M $645.7M
YoY Change -11.74% 58.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.078B $1.218B
YoY Change -11.19% 0.41%
Other Long-Term Liabilities $37.30M $39.80M
YoY Change -32.46% -31.09%
Total Long-Term Liabilities $1.115B $1.258B
YoY Change -12.12% -1.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $354.6M $645.7M
Total Long-Term Liabilities $1.115B $1.258B
Total Liabilities $1.470B $1.904B
YoY Change -12.07% 12.94%
SHAREHOLDERS EQUITY
Retained Earnings -$693.3M -$631.4M
YoY Change 86.29% 82.92%
Common Stock $110.0K $109.0K
YoY Change 3.77% 3.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $63.95M $107.4M
YoY Change
Total Liabilities & Shareholders Equity $1.574B $2.051B
YoY Change -22.15% 0.37%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$62.09M -$90.25M
YoY Change 129.95% 376.25%
Depreciation, Depletion And Amortization $17.47M $6.552M
YoY Change 19.63% 21.36%
Cash From Operating Activities $189.0M $20.01M
YoY Change 67.9% -109.98%
INVESTING ACTIVITIES
Capital Expenditures $4.035M -$5.365M
YoY Change -158.33% -23.3%
Acquisitions
YoY Change
Other Investing Activities $806.0K -$16.46M
YoY Change -112.35% 39.61%
Cash From Investing Activities -$3.229M -$21.82M
YoY Change -75.98% 16.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -347.2M -2.649M
YoY Change 1821.27% -103.85%
NET CHANGE
Cash From Operating Activities 189.0M 20.01M
Cash From Investing Activities -3.229M -21.82M
Cash From Financing Activities -347.2M -2.649M
Net Change In Cash -161.4M -4.462M
YoY Change -299.22% -97.03%
FREE CASH FLOW
Cash From Operating Activities $189.0M $20.01M
Capital Expenditures $4.035M -$5.365M
Free Cash Flow $184.9M $25.38M
YoY Change 54.8% -113.12%

Facts In Submission

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CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-20611000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-260613000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-260613000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-88486000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-88486000 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.83
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.83
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.85
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.85
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108618491 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108618491 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105144872 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105144872 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107566894 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107566894 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104327614 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104327614 shares
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-90245000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-18949000 usd
us-gaap Net Income Loss
NetIncomeLoss
-259197000 usd
us-gaap Net Income Loss
NetIncomeLoss
-82611000 usd
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
27000 usd
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
3000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
65000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
3000 usd
CY2022Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
34000 usd
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
27000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
812000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
161000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-90184000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-18919000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-258320000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-82447000 usd
us-gaap Net Income Loss
NetIncomeLoss
-259197000 usd
us-gaap Net Income Loss
NetIncomeLoss
-82611000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
47438000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32303000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
51672000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
39438000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4358000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3583000 usd
rdfn Operating Lease Non Cash Lease Expense
OperatingLeaseNonCashLeaseExpense
11313000 usd
rdfn Operating Lease Non Cash Lease Expense
OperatingLeaseNonCashLeaseExpense
8510000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
913000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
rdfn Gain Loss On Interest Rate Lock Commitments Forward Sales Commitments And Fair Value Adjustment Of Loans Held For Sale
GainLossOnInterestRateLockCommitmentsForwardSalesCommitmentsAndFairValueAdjustmentOfLoansHeldForSale
4228000 usd
rdfn Gain Loss On Interest Rate Lock Commitments Forward Sales Commitments And Fair Value Adjustment Of Loans Held For Sale
GainLossOnInterestRateLockCommitmentsForwardSalesCommitmentsAndFairValueAdjustmentOfLoansHeldForSale
342000 usd
rdfn Change In Fair Value Of Mortgage Servicing Rights Net Operating Activities
ChangeInFairValueOfMortgageServicingRightsNetOperatingActivities
-1472000 usd
rdfn Change In Fair Value Of Mortgage Servicing Rights Net Operating Activities
ChangeInFairValueOfMortgageServicingRightsNetOperatingActivities
0 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
3254000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-3847000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17052000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29487000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-56990000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
385986000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2721000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9532000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1875000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
616000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-24202000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
23011000 usd
rdfn Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-12435000 usd
rdfn Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-9644000 usd
rdfn Increase Decrease Payments To Acquire Mortgage Servicing Rights Msr
IncreaseDecreasePaymentsToAcquireMortgageServicingRightsMSR
-2774000 usd
rdfn Increase Decrease Payments To Acquire Mortgage Servicing Rights Msr
IncreaseDecreasePaymentsToAcquireMortgageServicingRightsMSR
0 usd
rdfn Proceeds From Sale Of Mortgage Servicing Rights Msr Operating Activities
ProceedsFromSaleOfMortgageServicingRightsMSROperatingActivities
1314000 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
3091099000 usd
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
745703000 usd
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
3082858000 usd
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
744886000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-148489000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-414121000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17496000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20575000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
145273000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
129277000 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
98687000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
66055000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
96303000 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
-181109000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-562862000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9679000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14194000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6650000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
21088000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
3080606000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
710535000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
3069728000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
709739000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
552051000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
431717000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
549416000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
256039000 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
2159000 usd
rdfn Proceeds From Customer Escrow Deposits
ProceedsFromCustomerEscrowDeposits
0 usd
rdfn Proceeds From Customer Escrow Deposits
ProceedsFromCustomerEscrowDeposits
3161000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
680000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
567000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
764000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
485000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15098000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
668412000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-65000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-65000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-314565000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-308574000 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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
403716000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
637246000 usd
us-gaap Interest Paid Net
InterestPaidNet
12887000 usd
us-gaap Interest Paid Net
InterestPaidNet
5539000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2983000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2745000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
28000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
rdfn Leasehold Improvements Paid Directly By Lessor
LeaseholdImprovementsPaidDirectlyByLessor
77000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
309852000 usd
rdfn Leasehold Improvements Paid Directly By Lessor
LeaseholdImprovementsPaidDirectlyByLessor
1334000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
359724000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
562714000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
43992000 usd
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
74532000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
403716000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
637246000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
181253000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
344000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1000 usd
CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2906000 usd
CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2906000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
19000000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-61000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-90245000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
107386000 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
4972000 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
6649000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
54655000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-877000 usd
us-gaap Net Income Loss
NetIncomeLoss
-259197000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
107386000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
325596000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1696000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4558000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-10000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14139000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-30000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-18949000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
317884000 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
6896000 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
21088000 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
-63000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
42183000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-164000 usd
us-gaap Net Income Loss
NetIncomeLoss
-82611000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
317884000 usd
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>
CY2022Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
913000 usd
CY2022Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
13000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2437000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
6 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
600517000 usd
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
542440000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
58077000 usd
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
48063000 usd
CY2022Q3 us-gaap Marketing Expense
MarketingExpense
33748000 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
61005000 usd
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
284000 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
143100000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-85023000 usd
CY2022Q3 rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
-5222000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-90245000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
540074000 usd
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
412772000 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
127302000 usd
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
43658000 usd
CY2021Q3 us-gaap Marketing Expense
MarketingExpense
49143000 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
54395000 usd
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
147196000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-19894000 usd
CY2021Q3 rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
945000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-18949000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1804778000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1556161000 usd
us-gaap Gross Profit
GrossProfit
248617000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
149209000 usd
us-gaap Marketing Expense
MarketingExpense
133832000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
191704000 usd
us-gaap Restructuring Charges
RestructuringCharges
18670000 usd
us-gaap Operating Expenses
OperatingExpenses
493415000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-244798000 usd
rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
-14399000 usd
us-gaap Net Income Loss
NetIncomeLoss
-259197000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1279708000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
983912000 usd
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
33982000 usd
us-gaap Gross Profit
GrossProfit
295796000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
112824000 usd
us-gaap Marketing Expense
MarketingExpense
116343000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
151352000 usd
us-gaap Operating Expenses
OperatingExpenses
380519000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-84723000 usd
rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
2112000 usd
us-gaap Net Income Loss
NetIncomeLoss
-82611000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 usd
CY2022Q3 us-gaap Share Price
SharePrice
5.84
CY2022Q3 us-gaap Interest Receivable
InterestReceivable
363000 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
CY2022Q3 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2022Q3 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
147993000 usd
CY2021Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
36302000 usd
CY2022Q3 rdfn Properties Under Contract For Sale
PropertiesUnderContractForSale
86985000 usd
CY2021Q4 rdfn Properties Under Contract For Sale
PropertiesUnderContractForSale
83108000 usd
CY2022Q3 rdfn Inventory Real Estate Not Available For Sale
InventoryRealEstateNotAvailableForSale
9002000 usd
CY2021Q4 rdfn Inventory Real Estate Not Available For Sale
InventoryRealEstateNotAvailableForSale
16377000 usd
CY2022Q3 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
57251000 usd
CY2021Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
222434000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
301231000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
358221000 usd
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
18274000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2364000 usd
rdfn Number Of Homes Purchased
NumberOfHomesPurchased
1438 home
rdfn Inventory Net Additions
InventoryNetAdditions
746248000 usd
rdfn Number Of Homes Sold
NumberOfHomesSold
1570 home
rdfn Inventory Net Sales
InventoryNetSales
786483000 usd
rdfn Number Of Homes Purchased
NumberOfHomesPurchased
1528 home
rdfn Inventory Net Additions
InventoryNetAdditions
790738000 usd
rdfn Number Of Homes Sold
NumberOfHomesSold
851 home
rdfn Inventory Net Sales
InventoryNetSales
415110000 usd
CY2022Q3 rdfn Lessee Lease Liability Payments Remainder Of Fiscal Year
LesseeLeaseLiabilityPaymentsRemainderOfFiscalYear
41540000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
72932000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
59766000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
59238000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58671000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
6552000 usd
CY2021Q3 us-gaap Depreciation
Depreciation
5399000 usd
us-gaap Depreciation
Depreciation
19018000 usd
us-gaap Depreciation
Depreciation
14369000 usd
CY2022Q3 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
5031000 usd
CY2021Q3 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
4727000 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
16042000 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
13137000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
5655000 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4127000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
15224000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
11545000 usd
CY2022Q3 rdfn Finance Lease Cost
FinanceLeaseCost
235000 usd
CY2021Q3 rdfn Finance Lease Cost
FinanceLeaseCost
160000 usd
rdfn Finance Lease Cost
FinanceLeaseCost
650000 usd
rdfn Finance Lease Cost
FinanceLeaseCost
386000 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1459000 usd
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
430000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2882000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1156000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6674000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
196000 usd
CY2022Q3 rdfn Lessee Operating Lease Liability Other Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityOtherPaymentsDueNextTwelveMonths
738000 usd
CY2022Q3 rdfn Lessee Lease Liability Payments Due Next Twelve Months
LesseeLeaseLiabilityPaymentsDueNextTwelveMonths
7608000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19823000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
772000 usd
CY2022Q3 rdfn Lessee Operating Lease Liability Other Payments Due Year One
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearOne
1012000 usd
CY2022Q3 rdfn Lessee Lease Liability Payments Due Year One
LesseeLeaseLiabilityPaymentsDueYearOne
21607000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13911000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
686000 usd
CY2022Q3 rdfn Lessee Operating Lease Liability Other Payments Due Year Two
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearTwo
615000 usd
CY2022Q3 rdfn Lessee Lease Liability Payments Due Year Two
LesseeLeaseLiabilityPaymentsDueYearTwo
15212000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9846000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
362000 usd
CY2022Q3 rdfn Lessee Operating Lease Liability Other Payments Due Year Three
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearThree
579000 usd
CY2022Q3 rdfn Lessee Lease Liability Payments Due Year Three
LesseeLeaseLiabilityPaymentsDueYearThree
10787000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8396000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
78000 usd
CY2022Q3 rdfn Lessee Operating Lease Liability Other Payments Due Year Four
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearFour
160000 usd
CY2022Q3 rdfn Lessee Lease Liability Payments Due Year Four
LesseeLeaseLiabilityPaymentsDueYearFour
8634000 usd
CY2022Q3 rdfn Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
5248000 usd
CY2022Q3 rdfn Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2022Q3 rdfn Lessee Operating Lease Liability Other Payments After Year Four
LesseeOperatingLeaseLiabilityOtherPaymentsAfterYearFour
155000 usd
CY2022Q3 rdfn Lessee Lease Liability Payments Due After Year Four
LesseeLeaseLiabilityPaymentsDueAfterYearFour
5403000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
63898000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2094000 usd
CY2022Q3 rdfn Lessee Operating Lease Liability Other Payments Due
LesseeOperatingLeaseLiabilityOtherPaymentsDue
3259000 usd
CY2022Q3 rdfn Lessee Lease Liability Payments Due
LesseeLeaseLiabilityPaymentsDue
69251000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4945000 usd
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
150000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
58953000 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
1944000 usd
rdfn Operating Lease Capitalized Interest Expense
OperatingLeaseCapitalizedInterestExpense
2109000 usd
rdfn Financing Lease Capitalized Interest Expense
FinancingLeaseCapitalizedInterestExpense
85000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2022Q3 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
14758000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
12006000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
74000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
64000 usd
rdfn Finance Lease Cash Flows From Finance Lease Excluding Principal Payments And Interest
FinanceLeaseCashFlowsFromFinanceLeaseExcludingPrincipalPaymentsAndInterest
442000 usd
rdfn Finance Lease Cash Flows From Finance Lease Excluding Principal Payments And Interest
FinanceLeaseCashFlowsFromFinanceLeaseExcludingPrincipalPaymentsAndInterest
226000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
-2257000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6544000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
934000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
987000 usd
CY2022Q3 rdfn Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-5119000 usd
CY2020Q2 us-gaap Loss Contingency Patents Allegedly Infringed Number
LossContingencyPatentsAllegedlyInfringedNumber
4 patent
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
CY2022Q2 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
1000 usd
CY2022Q2 us-gaap Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
10 plaintiff
CY2022Q2 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
3000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
230390000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
58371000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
172019000 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
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9747000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8926000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28420000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17974000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
9747000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
38988000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
23741000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
17618000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
17380000 usd
CY2022Q3 rdfn Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
64545000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
172019000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
409382000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
461349000 usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
84259000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
78437000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
34679000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
25217000 usd
CY2022Q3 rdfn Accrued Payroll Taxes Current Cares Act
AccruedPayrollTaxesCurrentCARESAct
7760000 usd
CY2021Q4 rdfn Accrued Payroll Taxes Current Cares Act
AccruedPayrollTaxesCurrentCARESAct
7760000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7187000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6708000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
133885000 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
CY2022Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
39902000 usd
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
CY2022Q3 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
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q3 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
CY2021Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000 shares
CY2022Q3 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000 shares
CY2021Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
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
CY2022Q1 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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Other Increases Decreases In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOtherIncreasesDecreasesInPeriod
150000 shares
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
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
695705 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.96
CY2021Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1028000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
164001 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
9.06
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3309305 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.08
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y2M4D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2405000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3309305 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.08
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y2M4D
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2405000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18070000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13110000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
51672000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39438000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
930000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2983000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2745000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-90245000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-18949000 usd
us-gaap Net Income Loss
NetIncomeLoss
-259197000 usd
us-gaap Net Income Loss
NetIncomeLoss
-259197000 usd
us-gaap Net Income Loss
NetIncomeLoss
-82611000 usd
us-gaap Net Income Loss
NetIncomeLoss
-82611000 usd
CY2022Q3 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
272000 usd
CY2021Q3 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1662000 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1416000 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
5875000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-90517000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-90517000 usd
CY2022Q3 rdfn Adjustments To Additional Paid In Capital Convertible Debt Capped Call Transaction
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtCappedCallTransaction
62647000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20611000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-20611000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-260613000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-260613000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-88486000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-88486000 usd
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108618491 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108618491 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105144872 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105144872 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107566894 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107566894 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104327614 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104327614 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.83
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.83
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.85
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.85
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33463084 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26029681 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33463084 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26029681 shares
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
425000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0016
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0610
CY2017Q2 rdfn Operating Loss Carryforwards Limitations On Use Value
OperatingLossCarryforwardsLimitationsOnUseValue
1506000 usd
CY2017Q2 rdfn Tax Credit Carryforward Limitation On Use Value
TaxCreditCarryforwardLimitationOnUseValue
32000 usd
CY2022Q3 us-gaap Inventory Write Down
InventoryWriteDown
18274000 usd

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