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.
|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|