Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020


									Value of Initial Fixed $100
									Investment Based On:
					Average
					Summary		Average
	Summary				Compensation		Compensation				Peer Group
	Compensation		Compensation		Table Total		Actually Paid to		Total		Total		Net
Fiscal	Table Total		Actually		for non-PEO		non-PEO		Shareholder		Shareholder		Income		Adjusted
Year⁽¹⁾	for PEO⁽²⁾		Paid to PEO⁽²⁾		NEOs⁽²⁾		NEOs⁽²⁾		Return⁽³⁾		Return⁽⁴⁾		($M)⁽⁵⁾		EBITDA⁽⁶⁾
2024	$	320,918	$	320,918	$	2,414,497	$	2,163,195	$	37.23	$	158.48	$	(164.80)	$	(26,524)
2023	$	300,000	$	300,000	$	1,882,729	$	2,688,109	$	48.82	$	118.94	$	(130.03)	$	(76,368)
2022	$	300,000	$	(3,310,044)	$	2,373,525	$	(1,219,837)	$	20.06	$	81.51	$	(321.14)	$	(145,112)
2021	$	299,341	$	(8,512,013)	$	2,569,456	$	(882,279)	$	181.60	$	134.42	$	(109.61)	$	12,084
2020	$	63,609	$	11,749,117	$	1,942,460	$	8,169,118	$	324.65	$	137.33	$	(18.53)	$	59,124

(1) Glenn Kelman served as CEO for each of the years shown in the table above. The other NEOs for those years were as follows:

●

2024: Christopher Nielsen, Bridget Frey, Anthony Kappus, Christian Taubman.

●

2023: Christopher Nielsen, Bridget Frey, Adam Wiener, Anna Stevens, Anthony Kappus.

●

2022: Christopher Nielsen, Bridget Frey, Adam Wiener, Anna Stevens.

●

2021: Christopher Nielsen, Bridget Frey, Adam Wiener, Ee Lyn Khoo.

●

2020: Christopher Nielsen, Bridget Frey, Adam Wiener, Scott Nagel.

(2) The Summary Compensation Table (“SCT”) totals reported for the CEO and the average of the other NEOs for 2024 were subject to the adjustments summarized in the two tables below as required by Regulation S-K Item 402(v)(2)(iii) to calculate “compensation actually paid.” Equity values are calculated in accordance with FASB ASC Topic 718. Valuation assumptions used to calculate fair values at the times indicated in the two tables below did not materially differ from those disclosed at the time of grant except for the stock price, percentage of volatility, risk free rate and the term used to calculate the valuations.


PEO
Prior FYE	12/31/2023
Current FYE	12/31/2024
Fiscal Year	2024
SCT Total	$	320,918
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year as reported in SCT	$	0
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year	$	0
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years	$	0
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year	$	0
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year	$	0
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year	$	0
Compensation Actually Paid	$	320,918


Non-PEO NEOs
Prior FYE	12/31/2023
Current FYE	12/31/2024
Fiscal Year	2024
SCT Total	$	2,414,497
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year as reported in SCT	$	(1,393,375)
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year	$	1,792,789
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years	$	(716,754)
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year	$	198,348
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year	$	(132,310)
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year	$	0
Compensation Actually Paid	$	2,163,195

(3) Represents the total shareholder return (“TSR”) of a $100 investment in the Company’s shares as of December 31, 2019, valued again on each of December 31, 2020, 2021, 2022, 2023 and 2024.

(4) Represents the TSR of the RDG Composite Index based on a $100 investment as of December 31, 2019, valued again on each of December 31, 2020, 2021, 2022, 2023 and 2024.

(5) Net income as reported in the Company’s audited financial statements.

(6) We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2024. Adjusted EBITDA is a non-GAAP financial measure. Please see “Segment Financial Information” in our Annual Report on Form 10-K for more information on Adjusted EBITDA, including a reconciliation to Net Loss. Adjusted EBITDA for 2024, 2023, 2022 and 2021 are all continuing operations due to the wind-down of RedfinNow. Adjusted EBITDA for 2020 is consolidated and includes RedfinNow, since we did not distinguish between continuing and discontinuing operations. We may determine a different financial performance measure to be the most important financial performance measure in future years.

Named Executive Officers, Footnote

(1) Glenn Kelman served as CEO for each of the years shown in the table above. The other NEOs for those years were as follows:

●

2024: Christopher Nielsen, Bridget Frey, Anthony Kappus, Christian Taubman.

●

2023: Christopher Nielsen, Bridget Frey, Adam Wiener, Anna Stevens, Anthony Kappus.

●

2022: Christopher Nielsen, Bridget Frey, Adam Wiener, Anna Stevens.

●

2021: Christopher Nielsen, Bridget Frey, Adam Wiener, Ee Lyn Khoo.

●

2020: Christopher Nielsen, Bridget Frey, Adam Wiener, Scott Nagel.

Peer Group Issuers, Footnote

(4) Represents the TSR of the RDG Composite Index based on a $100 investment as of December 31, 2019, valued again on each of December 31, 2020, 2021, 2022, 2023 and 2024.

PEO Total Compensation Amount

$ 320,918

$ 300,000

$ 299,341

$ 63,609

PEO Actually Paid Compensation Amount

$ 320,918

300,000

(3,310,044)

(8,512,013)

11,749,117

Adjustment To PEO Compensation, Footnote


PEO
Prior FYE	12/31/2023
Current FYE	12/31/2024
Fiscal Year	2024
SCT Total	$	320,918
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year as reported in SCT	$	0
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year	$	0
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years	$	0
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year	$	0
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year	$	0
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year	$	0
Compensation Actually Paid	$	320,918

Non-PEO NEO Average Total Compensation Amount

$ 2,414,497

1,882,729

2,373,525

2,569,456

1,942,460

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,163,195

2,688,109

(1,219,837)

(882,279)

8,169,118

Adjustment to Non-PEO NEO Compensation Footnote


Non-PEO NEOs
Prior FYE	12/31/2023
Current FYE	12/31/2024
Fiscal Year	2024
SCT Total	$	2,414,497
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year as reported in SCT	$	(1,393,375)
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year	$	1,792,789
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years	$	(716,754)
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year	$	198,348
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year	$	(132,310)
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year	$	0
Compensation Actually Paid	$	2,163,195

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

The following table presents the financial and non-financial performance measure that the company considers to have been the most important in linking Compensation Actually Paid to our PEO and non-PEO NEOs for 2024 to company performance. The measures in this table are not ranked.

Adjusted EBITDA

Total Shareholder Return

Net Income

Total Shareholder Return Amount

$ 37.23

48.82

20.06

181.6

324.65

Peer Group Total Shareholder Return Amount

158.48

118.94

Redfin Corp 10-K/A