2024 Q2 Form 10-Q Financial Statement

#000138282124000066 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $295.2M $225.5M $218.1M
YoY Change 7.13% -30.76% -54.54%
Cost Of Revenue $185.6M $154.7M $144.9M
YoY Change 5.85% -42.6% -67.23%
Gross Profit $109.6M $70.81M $73.15M
YoY Change 9.38% 25.98% 95.3%
Gross Profit Margin 37.12% 31.41% 33.54%
Selling, General & Admin $94.97M $92.75M $116.6M
YoY Change 0.18% -16.34% -13.07%
% of Gross Profit 86.66% 130.98% 159.45%
Research & Development $42.22M $46.43M
YoY Change -10.45% -3.66%
% of Gross Profit 38.52% 65.57%
Depreciation & Amortization $4.752M $14.40M $14.41M
YoY Change -35.63% -15.37% -17.52%
% of Gross Profit 4.34% 20.33% 19.7%
Operating Expenses $138.5M $140.1M $116.6M
YoY Change -6.44% -12.52% -13.07%
Operating Profit -$28.93M -$69.26M -$43.49M
YoY Change -39.55% -33.35% -55.04%
Interest Expense $6.086M $4.874M -$1.871M
YoY Change 244.62% 153.59% 703.0%
% of Operating Profit
Other Income/Expense, Net -$82.00K -$333.0K -$1.848M
YoY Change -43.45% 42.31% 166.67%
Pretax Income -$27.32M -$66.95M -$22.80M
YoY Change 1.27% 10.86% -63.37%
Income Tax $559.0K -$172.0K $97.00K
% Of Pretax Income
Net Earnings -$27.88M -$66.77M -$23.11M
YoY Change 1.91% 9.83% -62.77%
Net Earnings / Revenue -9.44% -29.61% -10.6%
Basic Earnings Per Share -$0.23 -$0.57
Diluted Earnings Per Share -$0.23 -$0.57 -$0.20
COMMON SHARES
Basic Shares Outstanding 119.5M shares 119.2M shares 115.2M shares
Diluted Shares Outstanding 120.4M shares 118.4M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $201.8M $107.1M $191.7M
YoY Change -8.02% -63.12% -47.06%
Cash & Equivalents $201.8M $107.1M $149.8M
Short-Term Investments $0.00 $0.00 $41.95M
Other Short-Term Assets $9.872M $11.87M $7.472M
YoY Change -1.07% -20.45% -14.02%
Inventory
Prepaid Expenses $28.00M $37.70M $33.30M
Receivables $75.52M $54.84M $51.74M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $524.4M $378.3M $445.0M
YoY Change -6.44% -36.21% -42.68%
LONG-TERM ASSETS
Property, Plant & Equipment $45.30M $46.12M $46.43M
YoY Change -8.0% -12.24% -15.74%
Goodwill $461.3M $461.3M $461.3M
YoY Change 0.0% 0.0% 0.0%
Intangibles $108.8M $113.5M $123.3M
YoY Change -23.78% -25.56% -24.03%
Long-Term Investments $0.00 $0.00 $3.149M
YoY Change -100.0% -100.0% -89.32%
Other Assets $10.49M $10.01M $10.46M
YoY Change -8.71% -12.31% -7.03%
Total Long-Term Assets $657.1M $692.8M $708.6M
YoY Change -11.58% -9.01% -11.17%
TOTAL ASSETS
Total Short-Term Assets $524.4M $378.3M $445.0M
Total Long-Term Assets $657.1M $692.8M $708.6M
Total Assets $1.181B $1.071B $1.154B
YoY Change -9.37% -20.92% -26.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.61M $15.91M $10.51M
YoY Change -20.8% 56.68% -11.1%
Accrued Expenses $132.6M $106.5M $100.5M
YoY Change 17.55% 0.82% -18.45%
Deferred Revenue
YoY Change
Short-Term Debt $202.6M $156.6M $152.0M
YoY Change -11.08% -15.49% -20.23%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $353.4M $284.5M $268.4M
YoY Change -8.17% -13.57% -24.31%
LONG-TERM LIABILITIES
Long-Term Debt $815.0M $765.3M $813.2M
YoY Change -2.36% -17.59% -24.58%
Other Long-Term Liabilities $25.19M $26.73M $29.08M
YoY Change -26.73% -25.25% -22.02%
Total Long-Term Liabilities $840.2M $792.1M $842.2M
YoY Change -3.32% -17.87% -24.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $353.4M $284.5M $268.4M
Total Long-Term Liabilities $840.2M $792.1M $842.2M
Total Liabilities $1.194B $1.077B $1.111B
YoY Change -4.78% -16.77% -24.44%
SHAREHOLDERS EQUITY
Retained Earnings -$918.0M -$890.1M -$823.3M
YoY Change 17.47% 18.03% 18.75%
Common Stock $122.0K $119.0K $117.0K
YoY Change 7.02% 8.18% 6.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$52.75M -$45.75M $2.748M
YoY Change
Total Liabilities & Shareholders Equity $1.181B $1.071B $1.154B
YoY Change -9.37% -20.92% -26.72%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$27.88M -$66.77M -$23.11M
YoY Change 1.91% 9.83% -62.77%
Depreciation, Depletion And Amortization $4.752M $14.40M $14.41M
YoY Change -35.63% -15.37% -17.52%
Cash From Operating Activities -$7.948M -$45.98M -$34.67M
YoY Change -78.98% -272.18% -118.35%
INVESTING ACTIVITIES
Capital Expenditures $3.237M $3.558M $2.821M
YoY Change -1.73% 21.89% -30.09%
Acquisitions
YoY Change
Other Investing Activities $0.00 $45.62M $2.340M
YoY Change -100.0% 1451.17% 190.32%
Cash From Investing Activities -$3.237M $42.06M -$481.0K
YoY Change -107.82% 191090.91% -85.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 105.3M -$38.68M 58.93M
YoY Change -404.0% -66.82% -116.97%
NET CHANGE
Cash From Operating Activities -7.948M -$45.98M -34.67M
Cash From Investing Activities -3.237M $42.06M -481.0K
Cash From Financing Activities 105.3M -$38.68M 58.93M
Net Change In Cash 94.16M -$42.60M 23.78M
YoY Change -402.86% -52.61% -114.73%
FREE CASH FLOW
Cash From Operating Activities -$7.948M -$45.98M -$34.67M
Capital Expenditures $3.237M $3.558M $2.821M
Free Cash Flow -$11.19M -$49.54M -$37.49M
YoY Change -72.79% -308.27% -120.27%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 rdfn Preferred Stock Convertible Trading Days Preceding Dividends Payable Date
PreferredStockConvertibleTradingDaysPrecedingDividendsPayableDate
P10D
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
119440241 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
119440241 shares
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
154667000 usd
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
155945000 usd
CY2024Q1 us-gaap Gross Profit
GrossProfit
70812000 usd
CY2023Q1 us-gaap Gross Profit
GrossProfit
58138000 usd
CY2024Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
46429000 usd
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
47663000 usd
CY2024Q1 us-gaap Marketing Expense
MarketingExpense
24878000 usd
CY2023Q1 us-gaap Marketing Expense
MarketingExpense
40403000 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67873000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
69439000 usd
CY2024Q1 us-gaap Restructuring Charges
RestructuringCharges
889000 usd
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
1053000 usd
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
140069000 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
158558000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-69257000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-100420000 usd
CY2024Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1832000 usd
CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
3406000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
4874000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
1922000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-172000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
410000 usd
CY2024Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5686000 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
42270000 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-333000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-234000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-66774000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-57310000 usd
CY2024Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 usd
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-3488000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-66774000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-60798000 usd
CY2024Q1 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
233000 usd
CY2023Q1 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
226000 usd
CY2024Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-67007000 usd
CY2023Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-57536000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-67007000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-61024000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.57
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.57
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.52
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.52
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.57
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.57
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.55
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.55
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118364267 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118364267 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110103598 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110103598 shares
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-66774000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-60798000 usd
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-3000 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
58000 usd
CY2024Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
40000 usd
CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-424000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-66737000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-61164000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-66774000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-60798000 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14398000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17013000 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
17409000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
19028000 usd
CY2024Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
709000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1087000 usd
CY2024Q1 rdfn Operating Lease Non Cash Lease Expense
OperatingLeaseNonCashLeaseExpense
3154000 usd
CY2023Q1 rdfn Operating Lease Non Cash Lease Expense
OperatingLeaseNonCashLeaseExpense
4816000 usd
CY2024Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
113000 usd
CY2024Q1 rdfn Gain Loss On Interest Rate Lock Commitments Forward Sales Commitments And Fair Value Adjustment Of Loans Held For Sale
GainLossOnInterestRateLockCommitmentsForwardSalesCommitmentsAndFairValueAdjustmentOfLoansHeldForSale
-4124000 usd
CY2023Q1 rdfn Gain Loss On Interest Rate Lock Commitments Forward Sales Commitments And Fair Value Adjustment Of Loans Held For Sale
GainLossOnInterestRateLockCommitmentsForwardSalesCommitmentsAndFairValueAdjustmentOfLoansHeldForSale
-8326000 usd
CY2024Q1 rdfn Change In Fair Value Of Mortgage Servicing Rights Net Operating Activities
ChangeInFairValueOfMortgageServicingRightsNetOperatingActivities
-365000 usd
CY2023Q1 rdfn Change In Fair Value Of Mortgage Servicing Rights Net Operating Activities
ChangeInFairValueOfMortgageServicingRightsNetOperatingActivities
1208000 usd
CY2024Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5686000 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
42270000 usd
CY2024Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
263000 usd
CY2023Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-1174000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3245000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6738000 usd
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-103588000 usd
CY2024Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4718000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1110000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5432000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1675000 usd
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
8155000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-16813000 usd
CY2024Q1 rdfn Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-4089000 usd
CY2023Q1 rdfn Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-4619000 usd
CY2024Q1 rdfn Increase Decrease Payments To Acquire Mortgage Servicing Rights Msr
IncreaseDecreasePaymentsToAcquireMortgageServicingRightsMSR
-61000 usd
CY2023Q1 rdfn Increase Decrease Payments To Acquire Mortgage Servicing Rights Msr
IncreaseDecreasePaymentsToAcquireMortgageServicingRightsMSR
-347000 usd
CY2024Q1 rdfn Proceeds From Sale Of Mortgage Servicing Rights Msr Operating Activities
ProceedsFromSaleOfMortgageServicingRightsMSROperatingActivities
269000 usd
CY2023Q1 rdfn Proceeds From Sale Of Mortgage Servicing Rights Msr Operating Activities
ProceedsFromSaleOfMortgageServicingRightsMSROperatingActivities
339000 usd
CY2024Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
828421000 usd
CY2023Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
854085000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
821714000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
861771000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-45980000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26704000 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3558000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2919000 usd
CY2024Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 usd
CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
57556000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
39225000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
12014000 usd
CY2024Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
6395000 usd
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
48483000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
42062000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
22000 usd
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
94000 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
143000 usd
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
529000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3161000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
827186000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
852988000 usd
CY2024Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
822562000 usd
CY2023Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
858214000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
27000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
40000 usd
CY2024Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
42525000 usd
CY2023Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
108274000 usd
CY2024Q1 rdfn Repayment Of Debt Principal Amount
RepaymentOfDebtPrincipalAmount
313000 usd
CY2023Q1 rdfn Repayment Of Debt Principal Amount
RepaymentOfDebtPrincipalAmount
0 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-38676000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-116558000 usd
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-58000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-42597000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-89890000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
151000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
242246000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108403000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152356000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
7078000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
4609000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1265000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1134000 usd
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
32000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
149759000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
232200000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
1241000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
2406000 usd
CY2023Q4 rdfn Cash Cash Equivalents And Restricted Cash Of Continuing Operations
CashCashEquivalentsAndRestrictedCashOfContinuingOperations
151000000 usd
CY2022Q4 rdfn Cash Cash Equivalents And Restricted Cash Of Continuing Operations
CashCashEquivalentsAndRestrictedCashOfContinuingOperations
234606000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
151000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
242246000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107129000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
148500000 usd
CY2024Q1 us-gaap Restricted Cash
RestrictedCash
1274000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
2416000 usd
CY2024Q1 rdfn Cash Cash Equivalents And Restricted Cash Of Continuing Operations
CashCashEquivalentsAndRestrictedCashOfContinuingOperations
108403000 usd
CY2023Q1 rdfn Cash Cash Equivalents And Restricted Cash Of Continuing Operations
CashCashEquivalentsAndRestrictedCashOfContinuingOperations
150916000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108403000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152356000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
63953000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
143000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3162000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20162000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
366000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-60798000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
20664000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2748000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
94000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2024Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
529000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18674000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
37000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-66774000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-45750000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:36pt"><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></div>
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.03
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.03
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 segment
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
225479000 usd
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
154667000 usd
CY2024Q1 us-gaap Gross Profit
GrossProfit
70812000 usd
CY2024Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
46429000 usd
CY2024Q1 us-gaap Marketing Expense
MarketingExpense
24878000 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67873000 usd
CY2024Q1 us-gaap Restructuring Charges
RestructuringCharges
889000 usd
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
140069000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-69257000 usd
CY2024Q1 rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
2483000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-66774000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
214083000 usd
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
155945000 usd
CY2023Q1 us-gaap Gross Profit
GrossProfit
58138000 usd
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
47663000 usd
CY2023Q1 us-gaap Marketing Expense
MarketingExpense
40403000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
69439000 usd
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
1053000 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
158558000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-100420000 usd
CY2023Q1 rdfn Operating And Nonoperating Income Expense Including Income Tax Expense Benefit Net
OperatingAndNonoperatingIncomeExpenseIncludingIncomeTaxExpenseBenefitNet
43110000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-57310000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4453000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1297000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
16062000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
15963000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
14739000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
10238000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1201000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
2148000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
6977000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
9170000 usd
CY2024Q1 us-gaap Interest Receivable
InterestReceivable
0 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
332000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
92280000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
89275000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46118000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46431000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
4651000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
7181000 usd
CY2024Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
4550000 usd
CY2023Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
4555000 usd
CY2024Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
686000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
832000 usd
CY2024Q1 us-gaap Sublease Income
SubleaseIncome
501000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
342000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3778000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5840000 usd
CY2024Q1 rdfn Finance Lease Cost
FinanceLeaseCost
28000 usd
CY2023Q1 rdfn Finance Lease Cost
FinanceLeaseCost
16000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
12657000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
58000 usd
CY2024Q1 rdfn Lessee Operating Lease Liability Other Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityOtherPaymentsDueNextTwelveMonths
1402000 usd
CY2024Q1 rdfn Lessee Lease Liability Payments Due Next Twelve Months
LesseeLeaseLiabilityPaymentsDueNextTwelveMonths
14117000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13555000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
57000 usd
CY2024Q1 rdfn Lessee Operating Lease Liability Other Payments Due Year One
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearOne
448000 usd
CY2024Q1 rdfn Lessee Lease Liability Payments Due Year One
LesseeLeaseLiabilityPaymentsDueYearOne
14060000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10735000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
35000 usd
CY2024Q1 rdfn Lessee Operating Lease Liability Other Payments Due Year Two
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearTwo
243000 usd
CY2024Q1 rdfn Lessee Lease Liability Payments Due Year Two
LesseeLeaseLiabilityPaymentsDueYearTwo
11013000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5666000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
30000 usd
CY2024Q1 rdfn Lessee Operating Lease Liability Other Payments Due Year Three
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearThree
246000 usd
CY2024Q1 rdfn Lessee Lease Liability Payments Due Year Three
LesseeLeaseLiabilityPaymentsDueYearThree
5942000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1280000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q1 rdfn Lessee Operating Lease Liability Other Payments Due Year Four
LesseeOperatingLeaseLiabilityOtherPaymentsDueYearFour
253000 usd
CY2024Q1 rdfn Lessee Lease Liability Payments Due Year Four
LesseeLeaseLiabilityPaymentsDueYearFour
1533000 usd
CY2024Q1 rdfn Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
178000 usd
CY2024Q1 rdfn Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2024Q1 rdfn Lessee Operating Lease Liability Other Payments After Year Four
LesseeOperatingLeaseLiabilityOtherPaymentsAfterYearFour
163000 usd
CY2024Q1 rdfn Lessee Lease Liability Payments Due After Year Four
LesseeLeaseLiabilityPaymentsDueAfterYearFour
341000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
44071000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
180000 usd
CY2024Q1 rdfn Lessee Operating Lease Liability Other Payments Due
LesseeOperatingLeaseLiabilityOtherPaymentsDue
2755000 usd
CY2024Q1 rdfn Lessee Lease Liability Payments Due
LesseeLeaseLiabilityPaymentsDue
47006000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2798000 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
13000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
41273000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
167000 usd
CY2024Q1 rdfn Operating Lease Capitalized Interest Expense
OperatingLeaseCapitalizedInterestExpense
1452000 usd
CY2024Q1 rdfn Financing Lease Capitalized Interest Expense
FinancingLeaseCapitalizedInterestExpense
7000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
4637000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5253000 usd
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2000 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000 usd
CY2024Q1 rdfn Finance Lease Cash Flows From Finance Lease Excluding Principal Payments And Interest
FinanceLeaseCashFlowsFromFinanceLeaseExcludingPrincipalPaymentsAndInterest
20000 usd
CY2023Q1 rdfn Finance Lease Cash Flows From Finance Lease Excluding Principal Payments And Interest
FinanceLeaseCashFlowsFromFinanceLeaseExcludingPrincipalPaymentsAndInterest
13000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
896000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3130000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
68000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 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
CY2024Q1 us-gaap Litigation Reserve
LitigationReserve
9250000 usd
CY2024Q1 rdfn Litigation Settlement Term
LitigationSettlementTerm
P30D
CY2024Q1 us-gaap Litigation Reserve
LitigationReserve
9250000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
230390000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
116853000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
113537000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
230390000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
107106000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
123284000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9747000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9747000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
13994000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
17618000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17380000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15633000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
15050000 usd
CY2024Q1 rdfn Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
33862000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
113537000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
461349000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
461349000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
58537000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
58836000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
23979000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26037000 usd
CY2024Q1 us-gaap Litigation Reserve Current
LitigationReserveCurrent
9250000 usd
CY2023Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
0 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5565000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5487000 usd
CY2024Q1 rdfn Accrued And Other Liabilities Current
AccruedAndOtherLiabilitiesCurrent
97331000 usd
CY2023Q4 rdfn Accrued And Other Liabilities Current
AccruedAndOtherLiabilitiesCurrent
90360000 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
CY2024Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
39970000 usd
CY2024Q1 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
30640 shares
CY2020Q2 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
2622177 shares
CY2024Q1 rdfn Preferred Stock Dividend Rate Daily Accrual Basis Fiscal Period
PreferredStockDividendRateDailyAccrualBasisFiscalPeriod
P360D
CY2024Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.055
CY2024Q1 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
17.95
CY2024Q1 rdfn Temporary Equity Conversion Price Ratio Denominator
TemporaryEquityConversionPriceRatioDenominator
19.51
CY2024Q1 rdfn Temporary Equity Conversion Stock Price Trigger
TemporaryEquityConversionStockPriceTrigger
27.32
CY2024Q1 rdfn Temporary Equity Threshold Consecutive Trading Days
TemporaryEquityThresholdConsecutiveTradingDays
30 tradingday
CY2024Q1 rdfn Temporary Equity Threshold Consecutive Trading Days
TemporaryEquityThresholdConsecutiveTradingDays
30 tradingday
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000 shares
CY2024Q1 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000 shares
CY2024Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2406453 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.14
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y7M17D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3355000 usd
CY2024Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
15333 shares
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.12
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
19010 shares
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
8.61
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2372110 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.19
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M28D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13343000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2372110 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
11.19
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y4M28D
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
13343000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17409000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19028000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1265000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1134000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-66774000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-57310000 usd
CY2024Q1 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
233000 usd
CY2023Q1 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
226000 usd
CY2024Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-67007000 usd
CY2024Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-67007000 usd
CY2023Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-57536000 usd
CY2023Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-57536000 usd
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118364267 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118364267 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110103598 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110103598 shares
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.57
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.57
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.52
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.52
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25556634 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33696799 shares
CY2024Q1 us-gaap Share Price
SharePrice
6.65
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-172000 usd
CY2024Q1 rdfn Effective Income Tax Rate Reconciliation Percent From Continue Operations Percent
EffectiveIncomeTaxRateReconciliationPercentFromContinueOperationsPercent
0.0026
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0072
CY2019Q1 rdfn Operating Loss Carryforwards Limitations On Use Value
OperatingLossCarryforwardsLimitationsOnUseValue
1506000 usd
CY2019Q1 rdfn Tax Credit Carryforward Limitation On Use Value
TaxCreditCarryforwardLimitationOnUseValue
32000 usd
CY2024Q1 rdfn Adjustments To Additional Paid In Capital Convertible Debt Capped Call Transaction
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtCappedCallTransaction
62647000 usd

Files In Submission

Name View Source Status
0001382821-24-000066-index-headers.html Edgar Link pending
0001382821-24-000066-index.html Edgar Link pending
0001382821-24-000066.txt Edgar Link pending
0001382821-24-000066-xbrl.zip Edgar Link pending
ex31110qq12024.htm Edgar Link pending
ex31210qq12024.htm Edgar Link pending
ex32110qq12024.htm Edgar Link pending
ex32210qq12024.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
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
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rdfn-20240331.htm Edgar Link pending
rdfn-20240331.xsd Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
rdfn-20240331_def.xml Edgar Link unprocessable
rdfn-20240331_lab.xml Edgar Link unprocessable
rdfn-20240331_pre.xml Edgar Link unprocessable
rdfn-20240331_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
rdfn-20240331_cal.xml Edgar Link unprocessable