$RDFN
Redfin Corp

2023 Q3 Form 10-Q Financial Statement

#000138282123000156 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $269.0M $275.6M
YoY Change -55.21% -54.6%
Cost Of Revenue $170.6M $175.4M
YoY Change -68.55% -64.13%
Gross Profit $98.34M $100.2M
YoY Change 69.33% -15.1%
Gross Profit Margin 36.56% 36.36%
Selling, General & Admin $79.48M $94.80M
YoY Change -16.12% -26.21%
% of Gross Profit 80.82% 94.62%
Research & Development $44.39M $47.14M
YoY Change -7.64% -8.47%
% of Gross Profit 45.14% 47.05%
Depreciation & Amortization $4.550M $7.382M
YoY Change -30.56% 12.21%
% of Gross Profit 4.63% 7.37%
Operating Expenses $123.9M $148.0M
YoY Change -13.44% -23.16%
Operating Profit -$25.53M -$47.86M
YoY Change -69.98% -35.9%
Interest Expense $1.603M $1.766M
YoY Change -70.09% -51.22%
% of Operating Profit
Other Income/Expense, Net -$158.0K -$145.0K
YoY Change -82.54% -45.28%
Pretax Income -$18.70M -$26.98M
YoY Change -79.25% -65.41%
Income Tax $239.0K $233.0K
% Of Pretax Income
Net Earnings -$18.97M -$27.36M
YoY Change -78.98% -64.99%
Net Earnings / Revenue -7.05% -9.93%
Basic Earnings Per Share -$0.17 -$0.25
Diluted Earnings Per Share -$0.17 -$0.25
COMMON SHARES
Basic Shares Outstanding 114.0M shares 110.8M shares
Diluted Shares Outstanding 114.6M shares 111.7M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.6M $219.4M
YoY Change -64.34% -52.55%
Cash & Equivalents $125.8M $118.8M
Short-Term Investments $41.80M $100.6M
Other Short-Term Assets $8.811M $9.979M
YoY Change -67.05% -45.7%
Inventory
Prepaid Expenses $26.25M $26.04M
Receivables $55.12M $67.75M
Other Receivables $0.00 $0.00
Total Short-Term Assets $396.8M $560.5M
YoY Change -67.53% -57.21%
LONG-TERM ASSETS
Property, Plant & Equipment $48.41M $49.24M
YoY Change -18.29% -17.53%
Goodwill $461.3M $461.3M
YoY Change 0.0% 0.0%
Intangibles $133.0M $142.8M
YoY Change -22.66% -21.45%
Long-Term Investments $5.500M $5.473M
YoY Change -86.8% -89.67%
Other Assets $10.86M $11.49M
YoY Change -9.93% -9.65%
Total Long-Term Assets $729.0M $743.1M
YoY Change -12.05% -13.38%
TOTAL ASSETS
Total Short-Term Assets $396.8M $560.5M
Total Long-Term Assets $729.0M $743.1M
Total Assets $1.126B $1.304B
YoY Change -45.1% -39.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.00M $14.66M
YoY Change -3.43% -27.55%
Accrued Expenses $98.40M $112.8M
YoY Change -26.5% -30.3%
Deferred Revenue
YoY Change
Short-Term Debt $132.3M $227.8M
YoY Change -70.92% -49.92%
Long-Term Debt Due $0.00 $23.51M
YoY Change -100.0%
Total Short-Term Liabilities $248.8M $384.8M
YoY Change -61.47% -41.26%
LONG-TERM LIABILITIES
Long-Term Debt $799.7M $834.7M
YoY Change -34.33% -32.68%
Other Long-Term Liabilities $31.40M $34.38M
YoY Change -21.11% -32.48%
Total Long-Term Liabilities $831.1M $869.1M
YoY Change -33.91% -32.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $248.8M $384.8M
Total Long-Term Liabilities $831.1M $869.1M
Total Liabilities $1.080B $1.254B
YoY Change -43.26% -35.57%
SHAREHOLDERS EQUITY
Retained Earnings -$800.4M -$781.5M
YoY Change 26.78% 44.42%
Common Stock $115.0K $114.0K
YoY Change 5.5% 5.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.753M $9.501M
YoY Change
Total Liabilities & Shareholders Equity $1.126B $1.304B
YoY Change -45.1% -39.86%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$18.97M -$27.36M
YoY Change -78.98% -64.99%
Depreciation, Depletion And Amortization $4.550M $7.382M
YoY Change -30.56% 12.21%
Cash From Operating Activities $102.6M -$37.82M
YoY Change 412.47% -84.72%
INVESTING ACTIVITIES
Capital Expenditures $3.030M $3.294M
YoY Change -156.48% -170.25%
Acquisitions
YoY Change
Other Investing Activities $59.58M $44.68M
YoY Change -461.99% -154.88%
Cash From Investing Activities $56.56M $41.38M
YoY Change -359.16% -148.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -153.1M -34.65M
YoY Change 5681.05% -137.22%
NET CHANGE
Cash From Operating Activities 102.6M -37.82M
Cash From Investing Activities 56.56M 41.38M
Cash From Financing Activities -153.1M -34.65M
Net Change In Cash 5.970M -31.09M
YoY Change -233.8% -87.07%
FREE CASH FLOW
Cash From Operating Activities $102.6M -$37.82M
Capital Expenditures $3.030M $3.294M
Free Cash Flow $99.52M -$41.11M
YoY Change 292.18% -83.07%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
rdfn Preferred Stock Convertible Trading Days Preceding Dividends Payable Date
PreferredStockConvertibleTradingDaysPrecedingDividendsPayableDate
P10D
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
113934673 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
113934673 shares
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-27212000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-74523000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-84522000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-176471000 usd
CY2023Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
297000 usd
CY2022Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
350000 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
523000 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1144000 usd
CY2023Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-27509000 usd
CY2022Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-74873000 usd
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-85045000 usd
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-177615000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111678417 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111678417 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107032381 shares
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-27655000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-78496000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-88679000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-170096000 usd
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.59
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
97341000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
41403000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-159285000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5665000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9258000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11096000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3743000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
1920487000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
1628684000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
1883196000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
1572033000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
326025000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
369266000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
764000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
53000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
414000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
183019000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
64000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
69000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
232200000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
571384000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
2406000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
5244000 usd
CY2022Q4 rdfn Cash Cash Equivalents And Restricted Cash Of Continuing Operations
CashCashEquivalentsAndRestrictedCashOfContinuingOperations
234606000 usd
CY2021Q4 rdfn Cash Cash Equivalents And Restricted Cash Of Continuing Operations
CashCashEquivalentsAndRestrictedCashOfContinuingOperations
576628000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
242246000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
718281000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
118776000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
356510000 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
2377000 usd
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
5771000 usd
CY2023Q2 rdfn Cash Cash Equivalents And Restricted Cash Of Continuing Operations
CashCashEquivalentsAndRestrictedCashOfContinuingOperations
121153000 usd
CY2022Q2 rdfn Cash Cash Equivalents And Restricted Cash Of Continuing Operations
CashCashEquivalentsAndRestrictedCashOfContinuingOperations
362281000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121264000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
408201000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
20664000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
4215000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1312000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2023Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7937000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18622000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-27358000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
9501000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
63953000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
4215000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1450000 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
11096000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
38786000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
349000 usd
us-gaap Net Income Loss
NetIncomeLoss
-88156000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
9501000 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 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
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-78146000 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
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, 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>
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.00
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.00
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.03
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.03
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.07
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.07
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275556000 usd
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
175366000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
100190000 usd
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
47141000 usd
CY2023Q2 us-gaap Marketing Expense
MarketingExpense
33033000 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
61765000 usd
CY2023Q2 us-gaap Restructuring Charges
RestructuringCharges
6106000 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
148045000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-47855000 usd
CY2023Q2 rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
20643000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-27212000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
349049000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
237813000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
111236000 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
46822000 usd
CY2022Q2 us-gaap Marketing Expense
MarketingExpense
55922000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
68523000 usd
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
12406000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
183673000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-72437000 usd
CY2022Q2 rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
-2086000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-74523000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
489639000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
331311000 usd
us-gaap Gross Profit
GrossProfit
158328000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
94804000 usd
us-gaap Marketing Expense
MarketingExpense
73436000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
131204000 usd
us-gaap Restructuring Charges
RestructuringCharges
7159000 usd
us-gaap Operating Expenses
OperatingExpenses
306603000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-148275000 usd
rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
63753000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-84522000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
571865000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
408980000 usd
us-gaap Gross Profit
GrossProfit
162885000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
92343000 usd
us-gaap Marketing Expense
MarketingExpense
98111000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
124664000 usd
us-gaap Restructuring Charges
RestructuringCharges
18115000 usd
us-gaap Operating Expenses
OperatingExpenses
333233000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-170348000 usd
rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
-6123000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-176471000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
9170000 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
243000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1297000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1155000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
4326000 usd
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
4326000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
13168000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
18017000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
29131000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
20300000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
16353000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
14099000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
26591000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
17268000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-2115000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1024000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
33000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
998000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
3870000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
9511000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
3870000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
9511000 usd
CY2023Q2 us-gaap Share Price
SharePrice
12.42
CY2023Q2 us-gaap Interest Receivable
InterestReceivable
487000 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
576000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
87395000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
76597000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
49241000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
54939000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
7382000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
5974000 usd
us-gaap Depreciation
Depreciation
14563000 usd
us-gaap Depreciation
Depreciation
11324000 usd
CY2023Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
4291000 usd
CY2022Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
4423000 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
8846000 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
10291000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
5733000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
5209000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
11572000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
9050000 usd
CY2023Q2 rdfn Finance Lease Cost
FinanceLeaseCost
16000 usd
CY2022Q2 rdfn Finance Lease Cost
FinanceLeaseCost
17000 usd
rdfn Finance Lease Cost
FinanceLeaseCost
34000 usd
rdfn Finance Lease Cost
FinanceLeaseCost
35000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
782000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1047000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1630000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1423000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
9225000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
26000 usd
CY2023Q2 rdfn Lessee Operating Lease Liability Other Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityOtherPaymentsDueNextTwelveMonths
1065000 usd
CY2023Q2 rdfn Lessee Lease Liability Payments Due Next Twelve Months
LesseeLeaseLiabilityPaymentsDueNextTwelveMonths
10316000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
16746000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
43000 usd
CY2023Q2 rdfn Lessee Operating Lease Liability Other Payments Due Year One
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearOne
622000 usd
CY2023Q2 rdfn Lessee Lease Liability Payments Due Year One
LesseeLeaseLiabilityPaymentsDueYearOne
17411000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12703000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
22000 usd
CY2023Q2 rdfn Lessee Operating Lease Liability Other Payments Due Year Two
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearTwo
279000 usd
CY2023Q2 rdfn Lessee Lease Liability Payments Due Year Two
LesseeLeaseLiabilityPaymentsDueYearTwo
13004000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9934000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2023Q2 rdfn Lessee Operating Lease Liability Other Payments Due Year Three
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearThree
204000 usd
CY2023Q2 rdfn Lessee Lease Liability Payments Due Year Three
LesseeLeaseLiabilityPaymentsDueYearThree
10138000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5045000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2023Q2 rdfn Lessee Operating Lease Liability Other Payments Due Year Four
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearFour
90000 usd
CY2023Q2 rdfn Lessee Lease Liability Payments Due Year Four
LesseeLeaseLiabilityPaymentsDueYearFour
5135000 usd
CY2023Q2 rdfn Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
836000 usd
CY2023Q2 rdfn Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2023Q2 rdfn Lessee Operating Lease Liability Other Payments After Year Four
LesseeOperatingLeaseLiabilityOtherPaymentsAfterYearFour
70000 usd
CY2023Q2 rdfn Lessee Lease Liability Payments Due After Year Four
LesseeLeaseLiabilityPaymentsDueAfterYearFour
906000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
54489000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
91000 usd
CY2023Q2 rdfn Lessee Operating Lease Liability Other Payments Due
LesseeOperatingLeaseLiabilityOtherPaymentsDue
2330000 usd
CY2023Q2 rdfn Lessee Lease Liability Payments Due
LesseeLeaseLiabilityPaymentsDue
56910000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3959000 usd
CY2023Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
4000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
50530000 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
87000 usd
rdfn Operating Lease Capitalized Interest Expense
OperatingLeaseCapitalizedInterestExpense
1843000 usd
rdfn Financing Lease Capitalized Interest Expense
FinancingLeaseCapitalizedInterestExpense
3000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M24D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054
us-gaap Operating Lease Payments
OperatingLeasePayments
11965000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
9567000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
4000 usd
rdfn Finance Lease Cash Flows From Finance Lease Excluding Principal Payments And Interest
FinanceLeaseCashFlowsFromFinanceLeaseExcludingPrincipalPaymentsAndInterest
25000 usd
rdfn Finance Lease Cash Flows From Finance Lease Excluding Principal Payments And Interest
FinanceLeaseCashFlowsFromFinanceLeaseExcludingPrincipalPaymentsAndInterest
24000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6256000 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 Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
477000 usd
CY2020Q2 us-gaap Loss Contingency Patents Allegedly Infringed Number
LossContingencyPatentsAllegedlyInfringedNumber
4 patent
CY2022Q2 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
3000000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
230390000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
87612000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
142778000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
230390000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
68118000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
162272000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9747000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9747000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19494000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18673000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
19494000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
23741000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17618000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
17380000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
15633000 usd
CY2023Q2 rdfn Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
48912000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
142778000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
461349000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
461349000 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
69465000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
74079000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
27084000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
27023000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6019000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5661000 usd
CY2023Q2 rdfn Accrued And Other Liabilities Current
AccruedAndOtherLiabilitiesCurrent
102568000 usd
CY2022Q4 rdfn Accrued And Other Liabilities Current
AccruedAndOtherLiabilitiesCurrent
106763000 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
CY2023Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
39936000 usd
us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
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
CY2023Q2 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
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000 shares
CY2022Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000 shares
CY2022Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3282789 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.10
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y10M24D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1145000 usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
563164 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.56
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
35907 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
9.93
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2683718 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.46
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y10M20D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
9783000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2683718 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.46
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y10M20D
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
9783000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17552000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16813000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
36582000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33601000 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1070000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0017
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
919000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2204000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2053000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-27212000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-74523000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-84522000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-176471000 usd
CY2023Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
297000 usd
CY2022Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
350000 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
523000 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1144000 usd
CY2023Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-27509000 usd
CY2023Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-27509000 usd
CY2022Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-74873000 usd
CY2022Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-74873000 usd
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-85045000 usd
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-85045000 usd
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-177615000 usd
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-177615000 usd
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111678417 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111678417 shares
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
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110895358 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107032381 shares
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.25
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.25
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.70
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.70
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.77
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.66
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
30927365 shares
CY2022Q2 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
30927365 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
31710224 shares
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
643000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0076
rdfn Effective Income Tax Rate Reconciliation Percent From Continue And Discontinued Operations
EffectiveIncomeTaxRateReconciliationPercentFromContinueAndDiscontinuedOperations
-0.0072
CY2018Q2 rdfn Operating Loss Carryforwards Limitations On Use Value
OperatingLossCarryforwardsLimitationsOnUseValue
1506000 usd
CY2018Q2 rdfn Tax Credit Carryforward Limitation On Use Value
TaxCreditCarryforwardLimitationOnUseValue
32000 usd
CY2023Q2 rdfn Adjustments To Additional Paid In Capital Convertible Debt Capped Call Transaction
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtCappedCallTransaction
62647000 usd
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001382821-23-000156-index-headers.html Edgar Link pending
0001382821-23-000156-index.html Edgar Link pending
0001382821-23-000156.txt Edgar Link pending
0001382821-23-000156-xbrl.zip Edgar Link pending
ex31110qq22023.htm Edgar Link pending
ex31210qq22023.htm Edgar Link pending
ex32110qq22023.htm Edgar Link pending
ex32210qq22023.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rdfn-20230630.htm Edgar Link pending
rdfn-20230630.xsd Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
rdfn-20230630_def.xml Edgar Link unprocessable
rdfn-20230630_pre.xml Edgar Link unprocessable
rdfn-20230630_htm.xml Edgar Link completed
rdfn-20230630_cal.xml Edgar Link unprocessable
rdfn-20230630_lab.xml Edgar Link unprocessable