Redfin reports falling revenue, higher losses

Redfin losses rise ahead of Rocket acquisition

Despite declines in key metrics, Redfin CEO Glenn Kelman was upbeat, saying employees were “over the moon about Rocket's vision of a home-ownership platform.”

Redfin reports falling revenue, higher losses

Despite the buzz around being acquired by Rocket Companies, the first quarter of 2025 was a rough one for Redfin.  In a document filed with the Securities and Exchange Commission (SEC) on Tuesday, Redfin announced that it recorded $221.0 million in revenue in Q1 2025, down 2% annually, while its net loss for the quarter came in at $92.5 million, up from a net loss of $66.8 million in Q1 2024.  These decreases came as Redfin’s market share droppe…