Math 101 say Red Fin better hope Amazon buys them!
RedFin spent $150+ MILLION! In 2016 REdFin sold 26,000 homes and lost $21 million = -$807,692 USD for every home sold (it only used $150+ million to get those results)!
Based on RedFin numbers they could provide 100% rebate and increase their sales!
David versus Goliath? Not really!
Newly public Redfin has nearly half the market value of real estate giant Realogy, but is tiny by other measures.
Yardstick | Realogy | Redfin |
2016 revenue, in millions | $5,810 | $267 |
2016 net income (loss), in millions | $213 | ($22.5) |
2016 transactions (buy- and sell-side) | 1,471,043 | 25,868* |
2016 estimated market share* | 15.7% | 0.54% |
2015-16 revenue growth rate | 1.8% | 42.6% |
Market value, in millions | $4,704 | $2,055 |