---
schema_version: "secwatch.filing_event.v1"
accession: "0001382821-24-000064"
form_type: "8-K"
ticker: null
cik: "0001382821"
company_name: "Redfin Corp"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:12:34.703925+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Redfin Q1 revenue $225.5M (+5% YoY); net loss $66.8M; adj EBITDA loss narrows to $27.6M

## Summary
- Revenue $225.5M (+5% YoY), gross profit $70.8M (+22%); real estate services gross margin 15% vs 12%.
- Net loss $66.8M ($0.57 diluted EPS) vs $60.8M ($0.55) in Q1 2023; net loss widened.
- Adjusted EBITDA loss improved to $27.6M from $63.6M, reduction of ~57% vs prior year.
- Market share 0.77% (up from 0.72% Q4 2023); monthly average users 49M vs 50M prior year.
- Record mortgage cross-sell attach rate 28% (up 3 pts); loyalty sales 34% of transactions.

## SEC filing metadata
- accession: 0001382821-24-000064
- form_type: 8-K
- cik: 0001382821
- company_name: Redfin Corp
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1382821/000138282124000064/0001382821-24-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1382821/000138282124000064/rdfn-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001382821-24-000064
- JSON: https://secwatch.observer/filing/0001382821-24-000064.json
- Plain text: https://secwatch.observer/filing/0001382821-24-000064.txt

## Key facts
- Earnings Releases
  Redfin Corp reported first quarter ended March 31, 2024 results: revenue $225.5 million, net income Net loss was $66.8 million, EPS $0.57.
  - Period: first quarter ended March 31, 2024
  - Revenue: $225.5 million
  - Net income: Net loss was $66.8 million
  - EPS: $0.57
  - Result: reported results
  source text: First quarter revenue was $225.5 million, an increase of 5% compared to the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1382821/000138282124000064/0001382821-24-000064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.