Redfin Corp (RDFN) - Net Assets
Based on the latest financial reports, Redfin Corp (RDFN) has net assets worth $-157.99 Million USD as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.08 Billion) and total liabilities ($1.23 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Redfin Corp liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-157.99 Million |
| % of Total Assets | -14.68% |
| Annual Growth Rate | N/A |
| 5-Year Change | -113.11% |
| 10-Year Change | N/A |
| Growth Volatility | 115.04 |
Redfin Corp - Net Assets Trend (2015–2024)
This chart illustrates how Redfin Corp's net assets have evolved over time, based on quarterly financial data. Also explore Redfin Corp balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Redfin Corp (2015–2024)
The table below shows the annual net assets of Redfin Corp from 2015 to 2024. For live valuation and market cap data, see market value of Redfin Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-82.67 Million | -293.57% |
| 2023-12-31 | $42.71 Million | -58.88% |
| 2022-12-31 | $103.87 Million | -70.30% |
| 2021-12-31 | $349.72 Million | -44.52% |
| 2020-12-31 | $630.38 Million | +90.19% |
| 2019-12-31 | $331.45 Million | -10.89% |
| 2018-12-31 | $371.94 Million | +57.98% |
| 2017-12-31 | $235.43 Million | +141.76% |
| 2016-12-31 | $-563.73 Million | -13.72% |
| 2015-12-31 | $-495.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Redfin Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 49240700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $126.00K | % |
| Other Comprehensive Income | $-166.00K | % |
| Other Components | $905.51 Million | % |
| Total Equity | $-82.67 Million | 100.00% |
Redfin Corp Competitors by Market Cap
The table below lists competitors of Redfin Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cendes Co Ltd Class A
SHE:300492
|
$1.43 Billion |
|
Mercuries Life Insurance Co Ltd
TW:2867
|
$1.43 Billion |
|
Exail Technologies S.A.
PA:EXA
|
$1.43 Billion |
|
Innovative Industrial Properties Inc
NYSE:IIPR
|
$1.43 Billion |
|
Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A
SHG:688439
|
$1.43 Billion |
|
Guangzhou Sanfu New Materials Technology Co. Ltd. A
SHG:688359
|
$1.43 Billion |
|
Shenzhen United Winners Laser Co Ltd
SHG:688518
|
$1.43 Billion |
|
Cloetta AB (publ)
ST:CLA-B
|
$1.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Redfin Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 42,707,000 to -82,668,000, a change of -125,375,000 (-293.6%).
- Net loss of 164,801,000 reduced equity.
- Dividend payments of 367,000 reduced retained earnings.
- Share repurchases of 40,000,000 reduced equity.
- Other comprehensive income increased equity by 16,000.
- Other factors increased equity by 79,777,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-164.80 Million | -199.35% |
| Dividends Paid | $367.00K | -0.44% |
| Share Repurchases | $40.00 Million | -48.39% |
| Other Comprehensive Income | $16.00K | +0.02% |
| Other Changes | $79.78 Million | +96.5% |
| Total Change | $- | -293.57% |
Book Value vs Market Value Analysis
This analysis compares Redfin Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $-7.06 | $11.19 | x |
| 2016-12-31 | $-8.03 | $11.19 | x |
| 2017-12-31 | $5.51 | $11.19 | x |
| 2018-12-31 | $4.34 | $11.19 | x |
| 2019-12-31 | $3.62 | $11.19 | x |
| 2020-12-31 | $6.39 | $11.19 | x |
| 2021-12-31 | $3.34 | $11.19 | x |
| 2022-12-31 | $0.96 | $11.19 | x |
| 2023-12-31 | $0.38 | $11.19 | x |
| 2024-12-31 | $-0.68 | $11.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Redfin Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.80%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-69.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | -16.14% | 1.50x | 0.00x | $19.34 Million |
| 2016 | 0.00% | -8.43% | 2.00x | 0.00x | $33.85 Million |
| 2017 | -6.37% | -4.05% | 1.31x | 1.20x | $-38.55 Million |
| 2018 | -11.29% | -8.62% | 0.90x | 1.46x | $-79.17 Million |
| 2019 | -27.14% | -11.54% | 1.31x | 1.80x | $-123.10 Million |
| 2020 | -5.73% | -4.08% | 0.65x | 2.16x | $-99.16 Million |
| 2021 | -31.34% | -5.70% | 0.95x | 5.78x | $-144.59 Million |
| 2022 | -309.19% | -14.06% | 1.45x | 15.16x | $-331.53 Million |
| 2023 | -304.46% | -13.31% | 0.85x | 27.01x | $-134.30 Million |
| 2024 | 0.00% | -15.80% | 1.03x | 0.00x | $-156.53 Million |
Industry Comparison
This section compares Redfin Corp's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $3,619,029,239
- Average return on equity (ROE) among peers: -198.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Redfin Corp (RDFN) | $-157.99 Million | 0.00% | N/A | $1.43 Billion |
| reAlpha Tech Corp. Common Stock (AIRE) | $1.57 Million | -1660.19% | 6.65x | $42.58 Million |
| Avalon GloboCare Corp. (ALBT) | $4.12 Million | -307.98% | 1.52x | $3.37 Million |
| American Realty Investors Inc (ARL) | $816.51 Million | 0.49% | 0.25x | $235.34 Million |
| Altisource Portfolio Solutions SA (ASPS) | $-82.56 Million | 0.00% | 0.00x | $76.47 Million |
| Ke Holdings Inc (BEKE) | $31.54 Billion | -6.91% | 1.13x | $18.34 Billion |
| CBRE Group Inc Class A (CBRE) | $1.68 Billion | 18.76% | 3.64x | $42.20 Billion |
| Comstock Holding Companies Inc (CHCI) | $12.54 Million | 8.82% | 2.70x | $158.95 Million |
| Compass Inc (COMP) | $843.30 Million | -26.54% | 0.15x | $5.49 Billion |
| CoStar Group Inc (CSGP) | $281.81 Million | 5.66% | 0.14x | $14.72 Billion |
| Cushman & Wakefield plc (CWK) | $1.10 Billion | -20.13% | 5.70x | $2.99 Billion |
About Redfin Corp
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates, sells, and services mortgages. In addition, the company uses digital pla… Read more