Redfin Corporation(NASDAQ:RDFN)
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...
Website: http://www.redfin.com
Founded: 2002
IPO Price: $15 (Jul 28, 2017)
Full Time Employees: 3,377
Founder: David Eraker
CEO: Glenn Kelman
Sector: Real Estate
Industry: Real Estate Services
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 221,027,000 | 244,282,000 | 278,015,000 | 295,203,000 | 225,479,000 | 275,556,000 | 124,129,000 | 140,255,000 | 142,642,000 | 79,893,000 | 95,754,000 | 109,479,000 | 104,935,000 | ||||||||||||||||||
yoy | -1.97% | 0.89% | 29.63% | 28.11% | 35.93% | ||||||||||||||||||||||||||
qoq | -9.52% | -12.13% | -5.82% | 30.92% | -11.50% | -1.67% | 78.54% | -16.56% | -12.54% | 4.33% | |||||||||||||||||||||
cost of revenue | 150,393,000 | 162,342,000 | 176,152,000 | 185,617,000 | 154,667,000 | 175,366,000 | 97,920,000 | 97,950,000 | 97,429,000 | 74,197,000 | 66,583,000 | 70,166,000 | 67,975,000 | ||||||||||||||||||
gross profit | 70,634,000 | 81,940,000 | 101,863,000 | 109,586,000 | 70,812,000 | 100,190,000 | 56,207,000 | 37,436,000 | 58,077,000 | 118,003,000 | 72,538,000 | 108,024,000 | 127,302,000 | 126,136,000 | 42,358,000 | 80,120,000 | 93,072,000 | 46,039,000 | 12,879,000 | 39,625,000 | 53,377,000 | 48,346,000 | 2,753,000 | 26,209,000 | 42,305,000 | 45,213,000 | 5,696,000 | 29,171,000 | 39,313,000 | 36,960,000 | |
yoy | -0.25% | 1.67% | 94.97% | 89.15% | -15.10% | -22.51% | -65.34% | -54.38% | -6.45% | 71.25% | 34.83% | 36.78% | 173.98% | 228.89% | 102.20% | 74.37% | -4.77% | 367.82% | 51.19% | 26.17% | 6.93% | -51.67% | -10.15% | 7.61% | 22.33% | ||||||
qoq | -13.80% | -19.56% | -7.05% | 54.76% | 78.25% | 50.14% | -35.54% | -50.78% | 62.68% | -32.85% | -15.14% | 0.92% | 197.79% | -47.13% | -13.92% | 102.16% | 257.47% | -67.50% | -25.76% | 10.41% | 1656.12% | -89.50% | -38.05% | -6.43% | 693.77% | -80.47% | -25.80% | 6.37% | |||
gross margin % | 31.96% | 33.54% | 36.64% | 37.12% | 31.41% | NaN% | 36.36% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | 21.11% | 30.16% | 31.70% | 7.13% | 30.46% | 35.91% | 35.22% |
operating expenses | |||||||||||||||||||||||||||||||
technology and development | 39,486,000 | 34,951,000 | 40,332,000 | 42,215,000 | 46,429,000 | 47,141,000 | 48,192,000 | 47,041,000 | 48,063,000 | 51,506,000 | 49,640,000 | 43,894,000 | 43,658,000 | 41,488,000 | 27,678,000 | 23,610,000 | 22,452,000 | 17,961,000 | 20,274,000 | 19,344,000 | 18,801,000 | 16,063,000 | 15,556,000 | 13,692,000 | 14,310,000 | 13,033,000 | 12,762,000 | 11,287,000 | 11,483,000 | 10,090,000 | |
marketing | 39,265,000 | 22,157,000 | 27,186,000 | 40,260,000 | 24,878,000 | 33,033,000 | 40,908,000 | 24,239,000 | 33,748,000 | 56,743,000 | 43,342,000 | 22,397,000 | 49,143,000 | 55,398,000 | 11,802,000 | 7,270,000 | 12,421,000 | 9,482,000 | 25,708,000 | 8,099,000 | 8,361,000 | 27,050,000 | 33,201,000 | 8,055,000 | 8,236,000 | 14,435,000 | 13,336,000 | 6,072,000 | 5,588,000 | 10,132,000 | |
general and administrative | 56,467,000 | 53,998,000 | 58,788,000 | 54,705,000 | 67,873,000 | 61,765,000 | 69,962,000 | 62,889,000 | 61,005,000 | 71,733,000 | 58,966,000 | 66,963,000 | 54,395,000 | 59,567,000 | 37,391,000 | 23,601,000 | 21,190,000 | 23,022,000 | 24,327,000 | 18,993,000 | 18,779,000 | 17,654,000 | 21,448,000 | 16,968,000 | 16,470,000 | 15,288,000 | 16,772,000 | 14,181,000 | 11,995,000 | 12,466,000 | |
restructuring and reorganization | 20,930,000 | 952,000 | 2,509,000 | 1,334,000 | 889,000 | 6,106,000 | 1,053,000 | 21,799,000 | 284,000 | 12,677,000 | 5,710,000 | ||||||||||||||||||||
total operating expenses | 156,148,000 | 112,058,000 | 128,815,000 | 138,514,000 | 140,069,000 | 148,045,000 | 160,115,000 | 155,968,000 | 143,100,000 | 192,659,000 | 157,658,000 | 133,254,000 | 147,196,000 | 156,453,000 | 76,871,000 | 54,481,000 | 56,063,000 | 50,465,000 | 70,309,000 | 46,436,000 | 45,941,000 | 60,767,000 | 70,205,000 | 38,715,000 | 39,016,000 | 42,756,000 | 42,870,000 | 31,540,000 | 29,066,000 | 32,688,000 | |
income from operations | -85,514,000 | -103,908,000 | -118,532,000 | -85,023,000 | -74,656,000 | -85,120,000 | -25,230,000 | -19,894,000 | -30,317,000 | -34,513,000 | 25,639,000 | 37,009,000 | -4,426,000 | -57,430,000 | -6,811,000 | 7,436,000 | -12,421,000 | -67,452,000 | -12,506,000 | 3,289,000 | 2,457,000 | -37,174,000 | -2,369,000 | 10,247,000 | 4,272,000 | ||||||
yoy | 22.07% | 369.81% | 327.38% | 146.25% | 146.63% | -198.40% | -153.75% | 584.98% | -39.90% | -476.44% | 397.70% | -64.37% | -14.86% | -45.54% | 126.09% | -605.54% | 81.45% | 427.90% | -67.90% | -42.49% | |||||||||||
qoq | -12.34% | 39.41% | 13.89% | -12.29% | 237.38% | 26.82% | -34.38% | -12.16% | -234.61% | -30.72% | -936.17% | -92.29% | 743.19% | -191.59% | -159.87% | -81.59% | 439.36% | -480.24% | 33.86% | -106.61% | 1469.19% | -123.12% | 139.86% | ||||||||
operating margin % | -38.69% | 0% | 0% | 0% | 0% | NaN% | 0% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -10.08% | 2.35% | 1.72% | -46.53% | -2.47% | 9.36% | 4.07% |
interest income | 1,119,000 | 1,216,000 | 1,839,000 | 1,461,000 | 1,832,000 | 2,704,000 | 3,406,000 | 4,691,000 | 1,174,000 | 554,000 | 220,000 | 163,000 | 178,000 | 135,000 | 159,000 | 215,000 | 319,000 | 437,000 | 1,103,000 | 1,342,000 | 1,576,000 | 1,913,000 | 2,316,000 | 2,334,000 | 1,775,000 | 729,000 | 577,000 | 495,000 | 311,000 | 32,000 | |
interest expense | -7,784,000 | -8,283,000 | -8,537,000 | -6,086,000 | -4,874,000 | -1,766,000 | -1,922,000 | -4,904,000 | -5,359,000 | -3,620,000 | -3,861,000 | -3,940,000 | -3,672,000 | -2,813,000 | -1,338,000 | -11,864,000 | -2,522,000 | -2,665,000 | -2,444,000 | -2,364,000 | -2,274,000 | -2,153,000 | -2,136,000 | -2,071,000 | -1,610,000 | ||||||
income tax benefit | -255,000 | 172,000 | 299,000 | -132,000 | -159,000 | 744,000 | 311,000 | 5,052,000 | |||||||||||||||||||||||
gain on extinguishment of convertible senior notes | 6,314,000 | 5,686,000 | 20,083,000 | 42,270,000 | |||||||||||||||||||||||||||
other income | -85,000 | -85,000 | -144,000 | -82,000 | -333,000 | -145,000 | -234,000 | -693,000 | -905,000 | -265,000 | -1,911,000 | 1,261,000 | 4,128,000 | 65,000 | -92,000 | 45,000 | -640,000 | 43,000 | -1,346,000 | 51,000 | 44,000 | 36,000 | 92,000 | 21,000 | 21,000 | 21,000 | 158,000 | 75,000 | |||
net income | -92,519,000 | -36,365,000 | -33,782,000 | -27,880,000 | -66,774,000 | -27,358,000 | -60,798,000 | -61,946,000 | -90,245,000 | -78,146,000 | -90,806,000 | -27,002,000 | -18,949,000 | -27,878,000 | -35,784,000 | 14,035,000 | 34,166,000 | -6,611,000 | -60,117,000 | -7,782,000 | 6,782,000 | -12,625,000 | -67,180,000 | -12,222,000 | 3,475,000 | 3,207,000 | -36,439,000 | -1,799,000 | 10,558,000 | 4,304,000 | |
yoy | 38.56% | 23.48% | -54.14% | 7.79% | -64.99% | -33.05% | 129.41% | 376.25% | 180.31% | 153.76% | -292.39% | -155.46% | 321.69% | -40.48% | -280.35% | 403.77% | -47.64% | -10.51% | -36.33% | 95.17% | -493.67% | 84.36% | 579.38% | -67.09% | -25.49% | ||||||
qoq | 154.42% | 7.65% | 21.17% | -58.25% | -55.00% | -1.85% | -31.36% | 15.48% | -13.94% | 236.29% | 42.50% | -32.03% | -22.09% | -354.96% | -58.92% | -616.81% | -89.00% | 672.51% | -214.74% | -153.72% | -81.21% | 449.66% | -451.71% | 8.36% | -108.80% | 1925.51% | -117.04% | 145.31% | |||
net income margin % | -41.86% | -14.89% | -12.15% | -9.44% | -29.61% | NaN% | -9.93% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -9.85% | 2.48% | 2.25% | -45.61% | -1.88% | 9.64% | 4.10% |
dividends on convertible preferred stock | -367,000 | -282,000 | -191,000 | -233,000 | -297,000 | -226,000 | -350,000 | -793,000 | -1,394,000 | -1,662,000 | -1,878,000 | -2,336,000 | |||||||||||||||||||
net income attributable to common stock—basic and diluted | -92,519,000 | -36,732,000 | -34,064,000 | -28,071,000 | -67,007,000 | -27,655 | -61,024,000 | -62,090,000 | -90,517,000 | -78,496,000 | -91,599,000 | -28,396,000 | -20,611,000 | -29,756,000 | -38,120,000 | 12,395,000 | 31,983,000 | -7,895,000 | -36,439,000 | ||||||||||||
net income per share | -0.73 | -0.55 | -0.57 | -0.83 | -0.73 | -0.86 | -0.27 | -0.2 | -0.29 | -0.37 | 0.13 | 0.32 | -0.08 | -0.64 | -0.08 | 0.07 | -0.14 | -0.74 | -0.14 | 0.04 | 0.04 | -0.44 | 1.9 | -0.5 | -7.15 | ||||||
weighted-average shares to compute net income per share attributable to common stock—basic and diluted | 127,168,402 | 122,876,102 | 120,393,897 | 118,364,267 | 111,678,417 | 110,103,598 | 108,618,491 | 107,396,575 | 106,664,140 | 104,391,337 | 103,427,764 | ||||||||||||||||||||
other comprehensive income | |||||||||||||||||||||||||||||||
foreign currency translation adjustments | -23 | -26 | 4 | 1 | -3 | 58 | 29 | 27 | 34 | 4 | 3 | 3 | 13 | 6 | 3 | -25 | 5 | -10 | 37 | 1 | |||||||||||
unrealized gain on available-for-sale debt securities | 10 | 40 | -17 | -424 | 203 | 34 | 217 | 561 | 40.25 | 27 | 84 | ||||||||||||||||||||
comprehensive loss | -92,542 | -36,391 | -33,778 | -27,879 | -66,737 | -27,375 | -61,164 | -62,196 | -90,184 | -77,895 | -90,241 | -27,794 | -35,834 | ||||||||||||||||||
income from continuing operations | -30,118,000 | -26,952,000 | -28,928,000 | -69,257,000 | -47,855,000 | ||||||||||||||||||||||||||
income tax expense | -93,750 | 12,000 | -559,000 | -233,000 | -410,000 | -134,000 | |||||||||||||||||||||||||
net income from continuing operations | -36,365,000 | -33,782,000 | -27,880,000 | -66,774,000 | -27,212,000 | ||||||||||||||||||||||||||
net income from discontinued operations | -146,000 | ||||||||||||||||||||||||||||||
net income from continuing operations attributable to common stock—basic and diluted | -36,732,000 | -34,064,000 | -28,071,000 | -67,007,000 | -27,509,000 | ||||||||||||||||||||||||||
net income from continuing operations per share attributable to common stock—basic and diluted | -0.29 | -0.28 | -0.23 | -0.57 | -0.25 | ||||||||||||||||||||||||||
net income attributable to common stock per share—basic and diluted | -0.268 | -0.28 | -0.23 | -0.57 | -0.25 | ||||||||||||||||||||||||||
service | 212,934,000 | 219,121,000 | 300,854,000 | 344,309,000 | 217,593,000 | 265,992,000 | 301,657,000 | 298,870,000 | 175,593,000 | 204,452,000 | 217,280,000 | 141,135,000 | 111,478,000 | 134,128,000 | 158,519,000 | 157,872,000 | 88,768,000 | ||||||||||||||
product | 112,727,000 | 260,543,000 | 299,663,000 | 262,606,000 | 379,753,000 | 377,065,000 | 238,417,000 | 172,445,000 | 92,726,000 | 40,065,000 | 19,636,000 | 72,530,000 | 79,517,000 | 99,063,000 | 80,164,000 | 39,908,000 | 21,373,000 | ||||||||||||||
total revenue | 325,661,000 | 479,664,000 | 600,517,000 | 606,915,000 | 597,346,000 | 643,057,000 | 540,074,000 | 471,315,000 | 268,319,000 | 244,517,000 | 236,916,000 | 213,665,000 | 190,995,000 | 233,191,000 | 238,683,000 | 197,780,000 | 110,141,000 | ||||||||||||||
total cost of revenue | 269,454,000 | 442,228,000 | 542,440,000 | 488,912,000 | 524,808,000 | 535,033,000 | 412,772,000 | 345,179,000 | 225,961,000 | 164,397,000 | 143,844,000 | 167,626,000 | 178,116,000 | 193,566,000 | 185,306,000 | 149,434,000 | 107,388,000 | ||||||||||||||
non-cash dividends on convertible preferred stock | -354,000 | -272,000 | |||||||||||||||||||||||||||||
undistributed earnings attributable to participating securities | -653,000 | ||||||||||||||||||||||||||||||
weighted-average shares to compute net income per share attributable to common stock—basic | 105,144,872 | ||||||||||||||||||||||||||||||
weighted-average shares to compute net income per share attributable to common stock—diluted | 105,144,872 | ||||||||||||||||||||||||||||||
comprehensive income | -20,611.75 | -18,919 | |||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities | -50 | -110 | -139 | -137 | 559 | 6 | |||||||||||||||||||||||||
dividend on convertible preferred stock | -703,500 | -1,530,000 | -1,284,000 | ||||||||||||||||||||||||||||
weighted-average shares of common stock—basic | 99,840,144 | ||||||||||||||||||||||||||||||
weighted-average shares of common stock—diluted | 107,607,711 | ||||||||||||||||||||||||||||||
total comprehensive income | -8,074 | 34,033 | -18,249.25 | 6,764 | -12,582 | ||||||||||||||||||||||||||
weighted-average shares of common stock—basic and diluted | 98,785,318 | 93,442,706 | 91,583,533 | ||||||||||||||||||||||||||||
total comprehensive loss | -6,745 | -59,583 | -67,179 | ||||||||||||||||||||||||||||
weighted-average shares - basic | 91,994,731 | 91,216,886 | 87,743,223 | 83,164,670 | |||||||||||||||||||||||||||
weighted-average shares - diluted | 97,171,270 | 91,216,886 | 94,642,463 | 90,743,178 | |||||||||||||||||||||||||||
other comprehensive income: | |||||||||||||||||||||||||||||||
unrealized loss on available-for-sale securities | -0.5 | -8 | |||||||||||||||||||||||||||||
weighted-average shares - basic and diluted | 90,610,416 | ||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||
accretion of redeemable convertible preferred stock | -40,224,000 | -110,921,000 | |||||||||||||||||||||||||||||
net income attributable to common stock - basic and diluted | -7,439,000 | 3,475,000 | 3,207,000 | ||||||||||||||||||||||||||||
interest income and other income, net: | |||||||||||||||||||||||||||||||
total interest income and other income | 750,000 | 735,000 | 570,000 | 311,000 | 32,000 | ||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 121,677,971 | 113,152,752 | 107,927,464 | 104,683,460 | 98,574,529 | 85,669,039 | 82,010,913 | 42,722,114 | 58,868,903 | 14,913,234 | |||||||||||||||||||||
net income attributable to common stock—basic | -47,279,500 | -29,666,000 | -106,617,000 | ||||||||||||||||||||||||||||
net income attributable to common stock—diluted | -47,279,500 | -29,666,000 | -106,617,000 | ||||||||||||||||||||||||||||
pro forma net income per share attributable to common stock—basic and diluted | 0.06 | ||||||||||||||||||||||||||||||
pro forma weighted-average shares used to compute net income per share attributable to common stock—basic and diluted | 70,335,236 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||
cash and cash equivalents | 183,538,000 | 124,743,000 | 165,660,000 | 201,812,000 | 107,129,000 | 149,759,000 | 118,776,000 | 149,940,000 | 239,840,000 | 359,724,000 | 379,922,000 | 612,680,000 | 591,003,000 | 562,714,000 | 735,387,000 | 1,241,255,000 | 925,276,000 | 371,573,000 | 325,352,000 | 213,940,000 | 234,679,000 | 209,234,000 | 241,104,000 | 395,618,000 | 432,608,000 | 448,968,000 | 194,237,000 | 190,773,000 | 208,342,000 | 212,436,000 | 54,210,000 |
restricted cash | 128,000 | 229,000 | 174,000 | 756,000 | 1,274,000 | 1,241,000 | 2,377,000 | 2,416,000 | 2,406,000 | 43,992,000 | 28,279,000 | 36,047,000 | 127,278,000 | 74,532,000 | 52,295,000 | 101,790,000 | 20,544,000 | 16,393,000 | 35,102,000 | 16,772,000 | 12,769,000 | 9,984,000 | 18,133,000 | 10,471,000 | 6,446,000 | 11,968,000 | 17,408,000 | 11,124,000 | 4,316,000 | 10,101,000 | 11,848,000 |
accounts receivable | 39,731,000 | 48,730,000 | 74,971,000 | 75,522,000 | 54,839,000 | 51,738,000 | 67,753,000 | 48,142,000 | 54,880,000 | 96,343,000 | 86,082,000 | 52,282,000 | 69,594,000 | 91,932,000 | 84,757,000 | 47,416,000 | 54,719,000 | 41,085,000 | 34,182,000 | 21,821,000 | 19,223,000 | ||||||||||
loans held for sale | 172,744,000 | 152,426,000 | 212,921,000 | 208,460,000 | 165,487,000 | 159,587,000 | 233,550,000 | 192,622,000 | 199,604,000 | 256,339,000 | 306,364,000 | 23,693,000 | 35,759,000 | 42,762,000 | 51,643,000 | 43,447,000 | 42,539,000 | 41,921,000 | 42,439,000 | 44,321,000 | 21,985,000 | 22,246,000 | 30,169,000 | 15,748,000 | 4,913,000 | 5,921,000 | 3,584,000 | 1,482,000 | 1,891,000 | 726,000 | 545,000 |
prepaid expenses | 31,229,000 | 26,853,000 | 30,531,000 | 28,002,000 | 37,695,000 | 33,296,000 | 26,042,000 | 33,784,000 | 34,506,000 | 27,361,000 | 30,775,000 | 26,836,000 | 22,948,000 | 19,155,000 | 18,028,000 | 15,224,000 | 12,131,000 | 7,698,000 | 7,624,000 | 9,555,000 | 14,822,000 | 8,391,000 | 6,763,000 | 11,916,000 | 5,933,000 | 3,337,000 | 4,761,000 | 8,613,000 | 4,472,000 | 2,546,000 | |
other current assets | 31,354,000 | 22,457,000 | 20,514,000 | 9,872,000 | 11,867,000 | 7,472,000 | 9,979,000 | 14,918,000 | 8,690,000 | 26,738,000 | 18,378,000 | 6,748,000 | 7,524,000 | 8,537,000 | 7,152,000 | 7,014,000 | 4,898,000 | 5,189,000 | 4,555,000 | 5,243,000 | 3,496,000 | 5,763,000 | 5,860,000 | 2,307,000 | 989,000 | 1,828,000 | 7,427,000 | 3,710,000 | 5,623,000 | 2,298,000 | |
total current assets | 458,724,000 | 375,438,000 | 504,771,000 | 524,424,000 | 378,291,000 | 445,045,000 | 560,498,000 | 593,038,000 | 776,458,000 | 1,222,044,000 | 1,309,824,000 | 1,099,231,000 | 1,246,064,000 | 1,263,354,000 | 1,227,870,000 | 1,694,360,000 | 1,240,826,000 | 638,661,000 | 586,747,000 | 457,350,000 | 451,593,000 | 447,566,000 | 461,734,000 | 489,982,000 | 496,247,000 | 512,194,000 | 253,815,000 | 227,660,000 | 240,206,000 | 247,952,000 | 87,460,000 |
property and equipment | 38,220,000 | 41,302,000 | 43,312,000 | 45,303,000 | 46,118,000 | 46,431,000 | 49,241,000 | 52,551,000 | 55,105,000 | 59,238,000 | 59,709,000 | 60,836,000 | 58,671,000 | 55,535,000 | 53,907,000 | 47,649,000 | 43,988,000 | 42,210,000 | 41,414,000 | 40,496,000 | 39,577,000 | 37,560,000 | 35,675,000 | 30,618,000 | 25,187,000 | 23,361,000 | 23,855,000 | 22,879,000 | 22,318,000 | 21,600,000 | 22,137,000 |
right-of-use assets | 22,536,000 | 23,713,000 | 26,275,000 | 28,389,000 | 29,476,000 | 31,763,000 | 37,270,000 | 38,932,000 | 42,032,000 | 45,647,000 | 54,321,000 | 51,417,000 | 54,200,000 | 55,757,000 | 58,144,000 | 47,932,000 | 44,149,000 | 45,392,000 | 47,697,000 | 49,972,000 | 52,004,000 | 45,513,000 | |||||||||
mortgage servicing rights, at fair value | 2,614,000 | 2,736,000 | 2,534,000 | 2,695,000 | 32,328,000 | 32,171,000 | 35,503,000 | 35,061,000 | 36,261,000 | 36,914,000 | 35,050,000 | ||||||||||||||||||||
goodwill | 461,349,000 | 461,349,000 | 461,349,000 | 461,349,000 | 461,349,000 | 461,349,000 | 461,349,000 | 461,349,000 | 461,349,000 | 461,349,000 | 461,349,000 | 409,382,000 | 409,382,000 | 407,228,000 | 407,228,000 | 9,186,000 | 9,186,000 | 9,186,000 | 9,186,000 | 9,186,000 | 9,186,000 | 9,186,000 | |||||||||
intangible assets | 46,660,000 | 99,543,000 | 104,127,000 | 108,832,000 | 113,537,000 | 123,284,000 | 142,778,000 | 152,525,000 | 162,272,000 | 172,019,000 | 181,766,000 | 177,003,000 | 185,929,000 | 2,806,000 | 2,928,000 | 3,050,000 | 3,172,000 | 3,294,000 | 3,416,000 | 3,538,000 | |||||||||||
contract asset, noncurrent | 38,180,000 | ||||||||||||||||||||||||||||||
other assets, noncurrent | 7,896,000 | 8,376,000 | 8,705,000 | 10,492,000 | 10,008,000 | 10,456,000 | 11,493,000 | 11,413,000 | 11,247,000 | 12,054,000 | 12,720,000 | 13,090,000 | 12,898,000 | 13,129,000 | 14,059,000 | 8,836,000 | 8,619,000 | ||||||||||||||
total assets | 1,076,179,000 | 1,012,457,000 | 1,151,073,000 | 1,181,484,000 | 1,071,107,000 | 1,153,648,000 | 1,303,605,000 | 1,354,441,000 | 1,574,204,000 | 2,050,942,000 | 2,167,728,000 | 1,867,153,000 | 2,021,972,000 | 2,043,347,000 | 2,001,075,000 | 1,816,577,000 | 1,360,520,000 | 763,249,000 | 715,340,000 | 594,834,000 | 596,213,000 | 591,985,000 | 599,568,000 | 574,610,000 | 542,821,000 | 554,917,000 | |||||
liabilities and stockholders' deficit | |||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||
accounts payable | 20,113,000 | 16,847,000 | 14,280,000 | 11,612,000 | 15,909,000 | 10,507,000 | 14,661,000 | 10,154,000 | 11,819,000 | 12,422,000 | 20,237,000 | 22,693,000 | 12,546,000 | 10,075,000 | 26,095,000 | 15,568,000 | 5,644,000 | 3,375,000 | 3,389,000 | 2,909,000 | 2,122,000 | 3,173,000 | 4,217,000 | 17,533,000 | 2,516,000 | 2,601,000 | 3,855,000 | 2,929,000 | 1,901,000 | 3,343,000 | 3,081,000 |
accrued and other liabilities | 118,726,000 | 82,709,000 | 101,040,000 | 125,082,000 | 97,331,000 | 90,360,000 | 102,568,000 | 92,275,000 | 109,743,000 | 133,885,000 | 161,803,000 | 103,449,000 | 118,122,000 | ||||||||||||||||||
warehouse credit facilities | 170,212,000 | 146,629,000 | 208,817,000 | 202,559,000 | 156,588,000 | 151,964,000 | 227,801,000 | 185,283,000 | 190,509,000 | 252,529,000 | 298,303,000 | 22,285,000 | 33,043,000 | 39,825,000 | 46,425,000 | 40,663,000 | 39,029,000 | 40,308,000 | 40,566,000 | 42,586,000 | 21,302,000 | 15,193,000 | 4,733,000 | ||||||||
convertible senior notes | 73,593,000 | 73,516,000 | 23,506,000 | 23,468,000 | 23,431,000 | 23,393,000 | 23,280,000 | 23,243,000 | 23,428,000 | 23,428,000 | 22,482,000 | 124,495,000 | 122,884,000 | 121,292,000 | 119,716,000 | 118,158,000 | 116,617,000 | 115,094,000 | 113,586,000 | 112,130,000 | |||||||||||
lease liabilities | 12,749,000 | 12,862,000 | 13,347,000 | 14,123,000 | 14,710,000 | 15,609,000 | 16,234,000 | 18,015,000 | 19,137,000 | 21,094,000 | 18,180,000 | 15,070,000 | 15,040,000 | 14,793,000 | 14,633,000 | 12,611,000 | 11,973,000 | ||||||||||||||
total current liabilities | 395,393,000 | 332,563,000 | 337,484,000 | 353,376,000 | 284,538,000 | 268,440,000 | 384,814,000 | 329,195,000 | 354,639,000 | 645,739,000 | 655,063,000 | 300,366,000 | 401,812,000 | 406,356,000 | 354,063,000 | 235,992,000 | 185,721,000 | 262,850,000 | 139,365,000 | 136,102,000 | 85,182,000 | 93,047,000 | 118,072,000 | 103,600,000 | 46,218,000 | 59,781,000 | 60,559,000 | 50,360,000 | 35,857,000 | 45,212,000 | 46,557,000 |
lease liabilities, noncurrent | 18,487,000 | 19,855,000 | 22,853,000 | 25,193,000 | 26,730,000 | 29,084,000 | 34,383,000 | 35,757,000 | 37,298,000 | 39,803,000 | 50,920,000 | 51,719,000 | 55,222,000 | 57,759,000 | |||||||||||||||||
convertible senior notes, net, noncurrent | 499,181,000 | 498,691,000 | 571,644,000 | 571,077,000 | 641,209,000 | 688,737,000 | 834,716,000 | 928,651,000 | 1,078,157,000 | 1,217,768,000 | 1,239,873,000 | 1,238,585,000 | 1,214,017,000 | 1,212,767,000 | 1,211,517,000 | 1,136,974,000 | 488,268,000 | ||||||||||||||
term loan | 243,003,000 | 243,344,000 | 243,646,000 | 243,961,000 | 124,123,000 | 124,416,000 | |||||||||||||||||||||||||
deferred revenue, noncurrent | 77,321,000 | ||||||||||||||||||||||||||||||
deferred tax liabilities | 780,000 | 672,000 | 647,000 | 642,000 | 287,000 | 264,000 | 255,000 | 249,000 | 243,000 | 344,000 | 728,000 | 981,000 | 1,201,000 | 883,000 | 1,254,000 | ||||||||||||||||
total liabilities | 1,234,165,000 | 1,095,125,000 | 1,176,274,000 | 1,194,249,000 | 1,076,887,000 | 1,110,941,000 | 1,254,168,000 | 1,293,852,000 | 1,470,337,000 | 1,903,654,000 | 1,946,584,000 | 1,591,651,000 | 1,672,252,000 | 1,685,606,000 | 1,635,633,000 | 1,433,111,000 | 730,140,000 | 323,158,000 | 320,279,000 | 314,648,000 | 264,767,000 | 264,264,000 | 287,323,000 | 260,261,000 | 170,883,000 | 182,169,000 | 71,370,000 | 60,695,000 | 46,525,000 | 55,577,000 | 57,030,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||
stockholders’ deficit | |||||||||||||||||||||||||||||||
common stock—par value 0.001 per share... | 128,000 | 126,000 | 124,000 | 122,000 | 119,000 | 117,000 | 114,000 | 110,000 | 110,000 | 109,000 | 108,000 | 107,000 | 106,000 | 105,000 | 105,000 | 104,000 | 103,000 | 100,000 | 99,000 | 94,000 | 93,000 | 92,000 | 92,000 | 91,000 | 90,000 | 89,000 | 84,000 | 83,000 | 81,000 | 81,000 | 15,000 |
additional paid-in capital | 922,728,000 | 905,506,000 | 886,592,000 | 865,263,000 | 844,383,000 | 826,146,000 | 791,302,000 | 775,094,000 | 757,951,000 | 739,689,000 | 723,251,000 | 699,225,000 | 682,084,000 | 662,894,000 | 651,627,000 | 641,702,000 | 860,556,000 | 684,219,000 | 673,234,000 | 591,421,000 | 583,097,000 | 571,607,000 | 562,894,000 | 552,418,000 | 542,829,000 | 531,418,000 | 387,764,000 | 374,614,000 | 364,352,000 | 360,631,000 | |
accumulated other comprehensive loss | -189,000 | -166,000 | -140,000 | -144,000 | -145,000 | -182,000 | -452,000 | -435,000 | -801,000 | -1,051,000 | -990,000 | -739,000 | |||||||||||||||||||
accumulated deficit | -1,080,653,000 | -988,134,000 | -951,769,000 | -917,987,000 | -890,107,000 | -823,333,000 | -781,463,000 | -754,105,000 | -693,307,000 | -631,361,000 | -541,116,000 | -462,970,000 | -372,164,000 | -345,162,000 | -326,213,000 | -298,335,000 | -270,313,000 | -284,348,000 | -318,514,000 | -311,904,000 | -251,786,000 | -244,004,000 | -250,785,000 | -238,160,000 | -170,981,000 | -158,759,000 | -162,235,000 | -165,442,000 | -129,003,000 | -127,204,000 | -716,733,000 |
total stockholders’ deficit | -157,986,000 | ||||||||||||||||||||||||||||||
total liabilities and stockholders’ deficit | 1,076,179,000 | ||||||||||||||||||||||||||||||
short-term investments | 41,952,000 | 100,643,000 | 140,531,000 | 122,259,000 | 110,316,000 | 82,506,000 | 95,458,000 | 33,737,000 | 28,578,000 | 29,605,000 | 140,843,000 | 131,561,000 | 129,809,000 | 128,056,000 | 75,049,000 | 70,029,000 | 62,054,000 | 35,365,000 | 1,258,000 | 1,504,000 | |||||||||||
long-term investments | 3,149,000 | 5,473,000 | 9,572,000 | 29,480,000 | 41,677,000 | 52,989,000 | 56,194,000 | 54,828,000 | 53,488,000 | 36,085,000 | 6,906,000 | 11,922,000 | 17,072,000 | 18,792,000 | 26,711,000 | 30,978,000 | 38,480,000 | 34,954,000 | |||||||||||||
liabilities, mezzanine equity, and stockholders' (deficit) equity | |||||||||||||||||||||||||||||||
series a convertible preferred stock—par value 0.001 per share... | 39,992,000 | 39,981,000 | 39,970,000 | 39,959,000 | 39,936,000 | 39,925,000 | 39,914,000 | 39,902,000 | 39,891,000 | 39,879,000 | 39,868,000 | 39,857,000 | 39,846,000 | 39,834,000 | 39,823,000 | 39,812,000 | 39,801,000 | ||||||||||||||
stockholders’ (deficit) equity | |||||||||||||||||||||||||||||||
total stockholders’ (deficit) equity | -82,668,000 | -65,193,000 | -52,746,000 | -45,750,000 | |||||||||||||||||||||||||||
total liabilities, mezzanine equity, and stockholders’ (deficit) equity | 1,012,457,000 | 1,151,073,000 | 1,181,484,000 | 1,071,107,000 | |||||||||||||||||||||||||||
current assets of discontinued operations | 1,378,000 | ||||||||||||||||||||||||||||||
noncurrent assets of discontinued operations | |||||||||||||||||||||||||||||||
liabilities, mezzanine equity, and stockholders' equity | |||||||||||||||||||||||||||||||
current liabilities of discontinued operations | 44,000 | ||||||||||||||||||||||||||||||
noncurrent liabilities of discontinued operations | |||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||
total stockholders’ equity | 2,748,000 | 9,501,000 | 20,664,000 | 63,953,000 | 107,386,000 | 181,253,000 | 235,623,000 | 309,852,000 | 317,884,000 | 325,596,000 | 343,632,000 | 590,557,000 | 400,279,000 | 355,260,000 | 280,186,000 | 331,446,000 | 327,721,000 | 312,245,000 | 314,349,000 | 371,938,000 | 372,748,000 | 225,613,000 | 209,255,000 | -716,718,000 | |||||||
total liabilities, mezzanine equity, and stockholders’ equity | 1,153,648,000 | 1,303,605,000 | 1,354,441,000 | 1,574,204,000 | 2,050,942,000 | 2,167,728,000 | 1,867,153,000 | 2,021,972,000 | 2,043,347,000 | 2,001,075,000 | |||||||||||||||||||||
inventory | 10,685,000 | 114,273,000 | 301,231,000 | 377,518,000 | 245,487,000 | 358,221,000 | 435,144,000 | 249,003,000 | 97,371,000 | 49,158,000 | 24,993,000 | 9,437,000 | 70,649,000 | 74,590,000 | 105,460,000 | 85,654,000 | 38,306,000 | 22,694,000 | 25,161,000 | 14,519,000 | |||||||||||
secured revolving credit facility | 202,416,000 | 156,540,000 | 136,869,000 | 199,781,000 | 199,627,000 | 123,770,000 | 48,851,000 | 23,949,000 | 14,923,000 | 7,215,000 | 8,901,000 | 4,444,000 | |||||||||||||||||||
payroll tax liabilities, noncurrent | 7,841,000 | 7,841,000 | 6,812,000 | 6,812,000 | |||||||||||||||||||||||||||
accumulated other comprehensive income | -174,000 | 47,000 | 77,000 | 161,000 | 211,000 | 308,000 | 441,000 | 575,000 | 42,000 | 26,000 | 44,000 | ||||||||||||||||||||
intangibles | 194,856,000 | 203,782,000 | |||||||||||||||||||||||||||||
accrued liabilities | 102,027,000 | 102,345,000 | 75,754,000 | 69,460,000 | 57,517,000 | 48,967,000 | 58,456,000 | 37,979,000 | 50,867,000 | 57,423,000 | 54,064,000 | 30,837,000 | 37,532,000 | 34,045,000 | 33,866,000 | 26,605,000 | 30,202,000 | 30,248,000 | |||||||||||||
other payables | 16,766,000 | 17,367,000 | 19,117,000 | 13,184,000 | 10,550,000 | 27,614,000 | 11,717,000 | 7,884,000 | 7,157,000 | 18,250,000 | 10,374,000 | 6,544,000 | 12,167,000 | 17,700,000 | 10,876,000 | 4,068,000 | 9,858,000 | 11,607,000 | |||||||||||||
lease liabilities and deposits, noncurrent | 60,958,000 | 53,333,000 | 49,339,000 | ||||||||||||||||||||||||||||
goodwill and intangibles | 10,894,000 | 11,016,000 | 11,138,000 | 11,260,000 | 11,382,000 | 11,504,000 | 11,626,000 | 11,748,000 | 11,870,000 | ||||||||||||||||||||||
liabilities, mezzanine equity and stockholders' equity | |||||||||||||||||||||||||||||||
total liabilities, mezzanine equity and stockholders’ equity | 1,816,577,000 | 1,360,520,000 | 763,249,000 | 715,340,000 | |||||||||||||||||||||||||||
other non-current assets | 8,776,000 | 9,430,000 | 8,923,000 | 10,557,000 | 11,240,000 | 10,627,000 | 9,403,000 | ||||||||||||||||||||||||
current lease liabilities | 11,682,000 | 11,614,000 | 11,533,000 | 11,408,000 | |||||||||||||||||||||||||||
non-current lease liabilities and deposits | 51,597,000 | ||||||||||||||||||||||||||||||
non-current payroll tax liabilities | 8,711,000 | 3,668,000 | |||||||||||||||||||||||||||||
non-current lease liabilities | 54,362,000 | 57,254,000 | 59,869,000 | ||||||||||||||||||||||||||||
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 594,834,000 | 596,213,000 | 591,985,000 | 599,568,000 | 574,610,000 | 542,821,000 | 554,917,000 | ||||||||||||||||||||||||
current portion of deferred rent | 43,000 | 132,000 | 36,000 | 68,000 | 1,588,000 | 1,691,000 | 1,467,000 | 1,332,000 | 1,267,000 | 1,104,000 | 1,092,000 | ||||||||||||||||||||
deferred rent | |||||||||||||||||||||||||||||||
accrued revenue | 24,434,000 | 38,686,000 | 16,253,000 | 15,363,000 | 13,254,000 | 18,902,000 | 12,093,000 | 13,334,000 | |||||||||||||||||||||||
borrowings under warehouse credit facilities | 21,987,000 | 29,427,000 | |||||||||||||||||||||||||||||
current operating lease liabilities | 9,731,000 | 8,719,000 | 6,368,000 | ||||||||||||||||||||||||||||
non-current operating lease liabilities | 53,059,000 | 52,634,000 | 41,567,000 | ||||||||||||||||||||||||||||
right of use assets | 44,830,000 | 32,737,000 | |||||||||||||||||||||||||||||
prepaid expenses and other current assets | 13,586,000 | ||||||||||||||||||||||||||||||
other assets | 9,395,000 | 7,248,000 | 7,077,000 | 7,053,000 | 6,951,000 | 6,931,000 | 6,798,000 | ||||||||||||||||||||||||
deferred rent, net of current portion | 11,079,000 | 10,258,000 | 10,811,000 | 10,335,000 | 10,668,000 | 10,365,000 | 10,473,000 | ||||||||||||||||||||||||
stockholders’ equity/ | |||||||||||||||||||||||||||||||
preferred stock—par value 0.001 per share... | |||||||||||||||||||||||||||||||
assets: | |||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||
liabilities and stockholders' equity: | |||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||
loan facility | 5,790,000 | 3,492,000 | 1,357,000 | 2,016,000 | 705,000 | 529,000 | |||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||
total assets: | 296,983,000 | 269,950,000 | 281,955,000 | 289,085,000 | 131,418,000 | ||||||||||||||||||||||||||
total liabilities and stockholders’ equity: | 296,983,000 | 269,950,000 | |||||||||||||||||||||||||||||
deferred offering costs | 2,299,000 | ||||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders' equity/ | |||||||||||||||||||||||||||||||
redeemable convertible preferred stock—par value 0.001 per share... | 791,106,000 | ||||||||||||||||||||||||||||||
total stockholders’ equity/ | 235,430,000 | 233,508,000 | |||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders’ equity/ | 281,955,000 | 289,085,000 | |||||||||||||||||||||||||||||
accrued revenue, net of allowance for doubtful accounts of 150 and 147 at december 31, 2016 and september 30, 2017, respectively | 13,336,000 | ||||||||||||||||||||||||||||||
accrued revenue, net of allowance for doubtful accounts of 150 at december 31, 2016 and june 30, 2017 | 14,509,000 | ||||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders' equity | |||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders’ equity: | 131,418,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||||||||
net income | -92,519,000 | -36,365,000 | -33,782,000 | -27,880,000 | -66,774,000 | -27,358,000 | -60,798,000 | -61,946,000 | -90,245,000 | -78,146,000 | -90,806,000 | -27,002,000 | -18,949,000 | -27,878,000 | -35,784,000 | 14,035,000 | 34,166,000 | -6,611,000 | -60,117,000 | -7,782,000 | 6,781,000 | -12,624,000 | -67,180,000 | -12,222,000 | 3,476,000 | 3,207,000 | -36,439,000 | -1,799,000 | 10,559,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||
depreciation and amortization | 8,309,000 | 9,428,000 | 9,485,000 | 9,457,000 | 14,398,000 | 17,133,000 | 17,013,000 | 17,469,000 | 16,298,000 | 16,327,000 | 14,813,000 | 14,603,000 | 14,285,000 | 13,677,000 | 4,341,000 | 3,983,000 | 3,716,000 | 3,558,000 | 3,307,000 | 2,864,000 | 2,557,000 | 2,172,000 | 1,637,000 | 2,342,000 | 2,221,000 | 1,899,000 | 2,003,000 | 1,850,000 | 1,787,000 |
stock-based compensation | 15,362,000 | 17,217,000 | 18,302,000 | 18,231,000 | 17,409,000 | 17,554,000 | 19,028,000 | 16,585,000 | 18,071,000 | 16,813,000 | 16,788,000 | 15,284,000 | 13,111,000 | 13,744,000 | 12,583,000 | 11,209,000 | 11,348,000 | 7,205,000 | 7,211,000 | 8,022,000 | 7,510,000 | 5,876,000 | 6,406,000 | 5,966,000 | 5,498,000 | 4,778,000 | 4,196,000 | ||
contract asset amortization | 1,323,000 | ||||||||||||||||||||||||||||
amortization of debt discount and issuance costs | 851,000 | 836,000 | 908,000 | 663,000 | 709,000 | 942,000 | 1,087,000 | 1,779,000 | 1,459,000 | 1,459,000 | 1,440,000 | 1,406,000 | 1,380,000 | 1,348,000 | 855,000 | 6,784,000 | 1,777,000 | 1,747,000 | 1,730,000 | 1,711,000 | 1,643,000 | 1,524,000 | 1,507,000 | 1,456,000 | |||||
non-cash lease expense | 2,615,000 | 2,769,000 | 2,882,000 | 3,010,000 | 3,154,000 | 4,762,000 | 4,816,000 | 4,921,000 | 4,217,000 | 3,927,000 | 3,169,000 | 3,120,000 | 3,062,000 | 2,915,000 | 2,533,000 | 2,383,000 | 2,299,000 | 2,268,000 | 2,254,000 | 2,213,000 | 1,784,000 | 1,727,000 | 1,216,000 | ||||||
net gain on irlcs, forward sales commitments, and loans held for sale | -3,042,000 | 387,000 | 1,928,000 | -4,124,000 | 60,000 | 473,000 | 104,000 | ||||||||||||||||||||||
change in fair value of mortgage servicing rights | 116,000 | -150,000 | 202,000 | -579,000 | -365,000 | -609,000 | 1,208,000 | 671,000 | -594,000 | ||||||||||||||||||||
gain on extinguishment of convertible senior notes | 0 | 0 | -6,314,000 | -5,686,000 | -20,083,000 | -42,270,000 | |||||||||||||||||||||||
other | 4,600,000 | 96,000 | 168,000 | 117,000 | 263,000 | -620,000 | -1,174,000 | 537,000 | 84,000 | 880,000 | 2,290,000 | -380,000 | -4,016,000 | 60,000 | 109,000 | 344,000 | 497,000 | -201,000 | -989,000 | -262,000 | -301,000 | ||||||||
change in assets and liabilities: | |||||||||||||||||||||||||||||
accounts receivable | 8,999,000 | 26,241,000 | 551,000 | -20,683,000 | -3,245,000 | -20,807,000 | 6,738,000 | 41,463,000 | -10,261,000 | -24,103,000 | 17,312,000 | 22,338,000 | -7,175,000 | -29,615,000 | 7,303,000 | -13,634,000 | -6,903,000 | -12,361,000 | -2,598,000 | ||||||||||
prepaid expenses and other assets | -1,620,000 | 1,912,000 | -12,241,000 | 6,818,000 | -4,718,000 | 7,758,000 | 1,110,000 | -3,183,000 | 131,000 | -870,000 | -1,982,000 | -2,716,000 | -2,395,000 | -3,778,000 | -3,359,000 | -2,835,000 | -278,000 | 2,037,000 | 3,409,000 | -3,457,000 | -1,312,000 | ||||||||
accounts payable | 3,263,000 | 2,569,000 | 2,667,000 | -4,297,000 | 5,432,000 | 4,487,000 | -1,675,000 | -597,000 | -7,839,000 | -3,912,000 | 9,876,000 | 2,443,000 | -15,150,000 | 9,819,000 | 5,947,000 | 1,235,000 | -189,000 | 526,000 | 514,000 | -973,000 | -771,000 | -13,498,000 | 14,848,000 | -85,000 | -1,232,000 | 905,000 | 1,029,000 | -1,479,000 | 326,000 |
accrued and other liabilities and deferred tax liabilities | 14,537,000 | ||||||||||||||||||||||||||||
deferred revenue | 97,321,000 | ||||||||||||||||||||||||||||
lease liabilities | -3,384,000 | -3,689,000 | -3,877,000 | -4,027,000 | -4,089,000 | -6,171,000 | -4,619,000 | -6,017,000 | -4,393,000 | -4,400,000 | -3,642,000 | -3,624,000 | -3,500,000 | -3,193,000 | -2,951,000 | -2,944,000 | -2,887,000 | -2,788,000 | -2,693,000 | ||||||||||
origination of mortgage servicing rights | -44,000 | -85,000 | -86,000 | -23,000 | -61,000 | -232,000 | -347,000 | -366,000 | -1,810,000 | ||||||||||||||||||||
proceeds from sale of mortgage servicing rights | 50,000 | 33,000 | 46,000 | 30,234,000 | 269,000 | 399,000 | 339,000 | 348,000 | 540,000 | ||||||||||||||||||||
origination of loans held for sale | -774,556,000 | -908,474,000 | -1,082,051,000 | -1,160,819,000 | -828,421,000 | -1,068,605,000 | -854,085,000 | -858,343,000 | -1,449,722,000 | -1,482,191,000 | -159,186,000 | -241,279,000 | -257,429,000 | -261,184,000 | -227,090,000 | -198,157,000 | -185,077,000 | -161,379,000 | -132,697,000 | -110,456,000 | -131,847,000 | -103,485,000 | -49,850,000 | -29,866,000 | -26,908,000 | -19,772,000 | -9,477,000 | -5,253,000 | -2,733,000 |
proceeds from sale of loans originated as held for sale | 755,697,000 | 966,784,000 | 1,077,909,000 | 1,119,011,000 | 821,714,000 | 1,026,935,000 | 861,771,000 | 917,724,000 | 1,495,099,000 | 1,417,182,000 | 170,577,000 | 248,184,000 | 266,234,000 | 253,512,000 | 225,140,000 | 198,158,000 | 185,010,000 | 163,362,000 | 111,233,000 | 110,716,000 | 139,770,000 | 89,065,000 | 39,015,000 | 30,874,000 | 24,572,000 | 17,668,000 | 9,887,000 | 2,553,000 | |
net cash from operating activities | 37,878,000 | 63,739,000 | -42,118,000 | -7,948,000 | -45,980,000 | -37,819,000 | 26,704,000 | 188,980,000 | 20,011,000 | -247,501,000 | 79,001,000 | 112,553,000 | -200,483,000 | -162,873,000 | -50,765,000 | 9,732,000 | 42,791,000 | 52,193,000 | -43,449,000 | 25,028,000 | 10,971,000 | -96,452,000 | -47,157,000 | -15,894,000 | 5,433,000 | -5,749,000 | -20,492,000 | -5,196,000 | 10,922,000 |
capital expenditures | -3,234,000 | -2,225,000 | -2,189,000 | -3,237,000 | -3,558,000 | -3,294,000 | -2,919,000 | -4,035,000 | -5,365,000 | -4,689,000 | -7,442,000 | -6,917,000 | -6,995,000 | -8,295,000 | -5,285,000 | -4,295,000 | -4,319,000 | -2,666,000 | -3,406,000 | -2,712,000 | -3,317,000 | -6,353,000 | -3,151,000 | -2,775,000 | -1,483,000 | -1,740,000 | -2,305,000 | -1,614,000 | -1,064,000 |
free cash flows | 34,644,000 | 61,514,000 | -44,307,000 | -11,185,000 | -49,538,000 | -41,113,000 | 23,785,000 | 184,945,000 | 14,646,000 | -252,190,000 | 71,559,000 | 105,636,000 | -207,478,000 | -171,168,000 | -56,050,000 | 5,437,000 | 38,472,000 | 49,527,000 | -46,855,000 | 22,316,000 | 7,654,000 | -102,805,000 | -50,308,000 | -18,669,000 | 3,950,000 | -7,489,000 | -22,797,000 | -6,810,000 | 9,858,000 |
investing activities | |||||||||||||||||||||||||||||
purchases of property and equipment | -3,234,000 | -2,225,000 | -2,189,000 | -3,237,000 | -3,558,000 | -3,294,000 | -2,919,000 | -4,035,000 | -5,365,000 | -4,689,000 | -7,442,000 | -6,917,000 | -6,995,000 | -8,295,000 | -5,285,000 | -4,295,000 | -4,319,000 | -2,666,000 | -3,406,000 | -2,712,000 | -3,317,000 | -6,353,000 | -3,151,000 | -2,775,000 | -1,483,000 | -1,740,000 | -2,305,000 | -1,614,000 | -1,064,000 |
sales of investments | 0 | 0 | 0 | 39,225,000 | 53,085,000 | 12,014,000 | 4,599,000 | 0 | 7,600,000 | 5,346,000 | 0 | 9,151,000 | 1,304,000 | 3,400,000 | -28,425,000 | 31,608,000 | 10,481,000 | 905,000 | |||||||||||
maturities of investments | 0 | 0 | 0 | 6,395,000 | 10,900,000 | 48,483,000 | 33,400,000 | 46,630,000 | 12,925,000 | 6,500,000 | 10,470,000 | 3,460,000 | 29,254,000 | 63,589,000 | 65,080,000 | 42,421,000 | 38,754,000 | 1,597,000 | 19,500,000 | ||||||||||
net cash from investing activities | -3,234,000 | -2,225,000 | -2,189,000 | -3,237,000 | 42,062,000 | 41,381,000 | 22,000 | -3,229,000 | -21,824,000 | -86,093,000 | -73,192,000 | -13,444,000 | -18,784,000 | -534,505,000 | -9,573,000 | -965,000 | -4,892,000 | -47,794,000 | -3,468,000 | -2,933,000 | -33,263,000 | -76,565,000 | -3,151,000 | -4,775,000 | -1,483,000 | -1,740,000 | -2,305,000 | -356,000 | -820,000 |
financing activities | |||||||||||||||||||||||||||||
proceeds from the issuance of common stock pursuant to employee equity plans | 1,835,000 | 1,801,000 | 2,599,000 | 2,064,000 | 94,000 | 5,522,000 | 143,000 | 1,849,000 | 421,000 | 7,371,000 | 1,887,000 | 8,578,000 | 1,698,000 | 9,085,000 | 3,411,000 | ||||||||||||||
tax payments related to net share settlements on restricted stock units | -721,000 | -710,000 | -634,000 | -411,000 | -529,000 | -7,935,000 | -3,161,000 | -848,000 | -2,907,000 | -1,148,000 | -2,595,000 | -5,978,000 | -4,558,000 | -5,670,000 | -10,860,000 | -5,865,000 | -4,922,000 | -2,758,000 | -3,307,000 | -2,270,000 | -1,064,000 | ||||||||
borrowings from warehouse credit facilities | 783,547,000 | 928,730,000 | 1,100,357,000 | 1,160,636,000 | 827,186,000 | 1,067,499,000 | 852,988,000 | 857,659,000 | 1,451,922,000 | 1,476,298,000 | 152,386,000 | 232,458,000 | 246,285,000 | 247,868,000 | 216,382,000 | 188,995,000 | 182,392,000 | 159,581,000 | 131,310,000 | 108,457,000 | 130,229,000 | 101,343,000 | 48,557,000 | 29,036,000 | 26,255,000 | 19,286,000 | 9,265,000 | 5,143,000 | 2,671,000 |
repayments to warehouse credit facilities | -759,963,000 | -990,919,000 | -1,094,099,000 | -1,114,665,000 | -822,562,000 | -1,024,982,000 | -858,214,000 | -919,679,000 | -1,497,695,000 | -1,408,889,000 | -163,144,000 | -239,240,000 | -252,885,000 | -242,107,000 | -214,747,000 | -190,274,000 | -182,650,000 | -161,602,000 | -110,025,000 | ||||||||||
principal payments under finance lease obligations | 0 | -10,000 | -19,000 | -27,000 | -13,000 | -40,000 | -175,000 | -266,000 | -197,000 | -217,000 | -229,000 | -214,000 | -286,000 | -67,000 | |||||||||||||||
repurchases of convertible senior notes | 0 | 0 | -64,428,000 | -42,525,000 | -74,745,000 | -108,274,000 | |||||||||||||||||||||||
repayment of term loan principal | -625,000 | -625,000 | -625,000 | -625,000 | -313,000 | ||||||||||||||||||||||||
net cash from financing activities | 24,073,000 | -102,350,000 | 7,569,000 | 105,349,000 | -38,676,000 | -34,654,000 | -116,558,000 | -347,192,000 | -2,649,000 | 93,106,000 | -75,359,000 | -18,071,000 | 68,834,000 | 142,016,000 | 457,562,000 | 549,074,000 | -10,393,000 | 125,340,000 | 30,206,000 | 6,131,000 | -17,717,000 | 26,127,000 | 17,342,000 | -1,212,000 | 245,341,000 | 17,237,000 | 12,036,000 | 1,959,000 | 148,124,000 |
effect of exchange rate changes on cash, cash equivalents, and restricted cash | -23,000 | -26,000 | 4,000 | 1,000 | -3,000 | 0 | -58,000 | -29,000 | -23,000 | -38,000 | -4,000 | -3,000 | |||||||||||||||||
net change in cash, cash equivalents, and restricted cash | 58,694,000 | -40,862,000 | -36,734,000 | 94,165,000 | -42,597,000 | -31,092,000 | -89,890,000 | -161,470,000 | -4,485,000 | -240,526,000 | -69,554,000 | 81,035,000 | -150,436,000 | -555,363,000 | 397,225,000 | 557,854,000 | 27,512,000 | 129,742,000 | -16,736,000 | 28,230,000 | -40,019,000 | -146,852,000 | -32,966,000 | -21,881,000 | 249,291,000 | ||||
cash, cash equivalents, and restricted cash: | |||||||||||||||||||||||||||||
beginning of period | 124,972,000 | 0 | 0 | 0 | 151,000,000 | 0 | 242,246,000 | 0 | 0 | 0 | 718,281,000 | 0 | 0 | 0 | 945,820,000 | 0 | 0 | 0 | 247,448,000 | 0 | 0 | 0 | 439,055,000 | 0 | 0 | 0 | 212,658,000 | 3,815,000 | 0 |
end of period | 183,666,000 | -40,862,000 | -36,734,000 | 94,165,000 | 108,403,000 | -31,092,000 | 152,356,000 | -161,470,000 | -4,485,000 | -240,526,000 | 648,727,000 | 81,035,000 | -150,436,000 | -555,363,000 | 1,343,045,000 | 557,854,000 | 27,512,000 | 129,742,000 | 230,712,000 | 28,230,000 | -40,019,000 | -146,852,000 | 406,089,000 | -21,881,000 | 249,291,000 | 9,748,000 | 201,897,000 | 222,000 | 158,226,000 |
supplemental disclosure of cash flow information | |||||||||||||||||||||||||||||
cash paid for interest | 8,553,000 | 11,182,000 | 11,522,000 | 6,339,000 | 7,078,000 | 3,761,000 | 4,609,000 | 7,220,000 | 6,306,000 | 3,204,000 | 3,377,000 | 2,053,000 | 3,501,000 | 1,065,000 | 973,000 | 1,957,000 | 868,000 | 551,000 | 1,582,000 | 0 | 1,258,000 | 0 | 1,202,000 | ||||||
non-cash transactions | |||||||||||||||||||||||||||||
stock-based compensation capitalized in property and equipment | 747,000 | 975,000 | 1,064,000 | 998,000 | 1,265,000 | 1,070,000 | 1,134,000 | 677,000 | 930,000 | 919,000 | 1,134,000 | 1,314,000 | 1,028,000 | 985,000 | 732,000 | 634,000 | 563,000 | 647,000 | 504,000 | -349,000 | -370,000 | -291,000 | -270,000 | -159,000 | -119,000 | -120,000 | -124,000 | -74,000 | -63,000 |
leasehold improvements paid directly by lessor | 471,000 | 41,000 | 0 | 0 | 0 | 0 | 1,334,000 | 0 | -1,932,000 | -854,000 | -5,407,000 | 1,963,000 | -1,054,000 | 0 | -718,000 | 0 | |||||||||||||
recharacterization from intangible assets, net to other current assets and contract asset, noncurrent | 49,378,000 | ||||||||||||||||||||||||||||
impairment costs | 0 | 113,000 | 223,000 | 0 | 643,000 | 0 | 1,420,000 | ||||||||||||||||||||||
net (gain) loss on irlcs, forward sales commitments, and loans held for sale | 3,761,000 | -8,326,000 | |||||||||||||||||||||||||||
inventory | 10,644,000 | 103,588,000 | 186,958,000 | 76,287,000 | -132,031,000 | 112,734,000 | 76,923,000 | -186,141,000 | -151,632,000 | -48,213,000 | -24,165,000 | -15,556,000 | 61,212,000 | 3,941,000 | 30,870,000 | -19,806,000 | -47,348,000 | -15,612,000 | 2,467,000 | ||||||||||
accrued and other liabilities, deferred tax liabilities, and payroll tax liabilities, noncurrent | -17,173,000 | -23,588,000 | 27,205,000 | 8,155,000 | 12,291,000 | -16,813,000 | -22,252,000 | -29,731,000 | 19,971,000 | -14,442,000 | |||||||||||||||||||
purchases of investments | -19,310,000 | -57,556,000 | -37,193,000 | -63,089,000 | -4,588,000 | -77,596,000 | -16,997,000 | -24,400,000 | -37,000,000 | -67,877,000 | -63,054,000 | -46,394,000 | -55,457,000 | -33,267,000 | -30,202,000 | -35,751,000 | |||||||||||||
cash paid for acquisition, net of cash, cash equivalents, and restricted cash acquired | 0 | ||||||||||||||||||||||||||||
redemption of convertible preferred stock, net of issuance costs | |||||||||||||||||||||||||||||
payment of dividends on convertible preferred stock | |||||||||||||||||||||||||||||
borrowings from secured revolving credit facility | 13,283,000 | 226,026,000 | 169,226,000 | 156,799,000 | 193,111,000 | 201,109,000 | 159,431,000 | 71,177,000 | 32,241,000 | 17,791,000 | 27,733,000 | 11,854,000 | |||||||||||||||||
repayments to secured revolving credit facility | -215,698,000 | -180,150,000 | -149,555,000 | -219,711,000 | -192,957,000 | -125,251,000 | -84,513,000 | -46,275,000 | -23,216,000 | -10,083,000 | -29,418,000 | -7,398,000 | |||||||||||||||||
cash paid for secured revolving credit facility issuance costs | 31,000 | 0 | 0 | -764,000 | -42,000 | -180,000 | 0 | -305,000 | |||||||||||||||||||||
repayments of convertible senior notes | |||||||||||||||||||||||||||||
extinguishment of convertible senior notes associated with closing of term loan | |||||||||||||||||||||||||||||
payments of debt issuance costs | -260,000 | -19,000 | |||||||||||||||||||||||||||
proceeds from term loan | 0 | 0 | |||||||||||||||||||||||||||
property and equipment additions in accounts payable and accrued liabilities | 12,000 | 11,000 | 32,000 | 32,000 | 71,000 | -41,000 | -257,000 | 326,000 | -1,335,000 | 2,348,000 | 709,000 | -519,000 | 1,041,000 | 451,000 | 216,000 | 750,000 | -1,370,000 | ||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs | 0 | 0 | 72,838,000 | 488,691,000 | |||||||||||||||||||||||||
purchases of capped calls related to convertible senior notes | 0 | 0 | -8,167,000 | -54,480,000 | |||||||||||||||||||||||||
conversions of convertible senior notes | |||||||||||||||||||||||||||||
other financing payables | |||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash | |||||||||||||||||||||||||||||
cash and cash equivalents | 149,940,000 | -119,884,000 | -20,198,000 | -232,758,000 | 612,680,000 | ||||||||||||||||||||||||
restricted cash | 2,416,000 | -41,586,000 | 15,713,000 | -7,768,000 | 36,047,000 | 1,746,000 | |||||||||||||||||||||||
total cash, cash equivalents, and restricted cash | 152,356,000 | -161,470,000 | -4,485,000 | -240,526,000 | 648,727,000 | ||||||||||||||||||||||||
loss on conversions of convertible senior notes | |||||||||||||||||||||||||||||
proceeds from the issuance of convertible preferred stock, net of issuance costs | 0 | 0 | |||||||||||||||||||||||||||
proceeds from the issuance of common stock, net of issuance costs | 0 | 0 | |||||||||||||||||||||||||||
issuance of common stock for repurchases and conversions of convertible senior notes | |||||||||||||||||||||||||||||
net income on irlcs, forward sales commitments, and loans held for sale | 1,507,000 | ||||||||||||||||||||||||||||
payments for repurchases and conversions of convertible senior notes | 0 | -234,000 | -39,000 | -1,886,000 | |||||||||||||||||||||||||
cash paid for acquisition, net of cash acquired | |||||||||||||||||||||||||||||
loss on repurchases and conversions of convertible senior notes | |||||||||||||||||||||||||||||
cash paid for acquisition | 0 | 0 | |||||||||||||||||||||||||||
property and equipment additions in accounts payable and accrued and other liabilities | |||||||||||||||||||||||||||||
accrued liabilities, other payables, deferred tax liabilities, and payroll tax liabilities, noncurrent | -3,904,000 | ||||||||||||||||||||||||||||
other payables—deposits held in escrow | 3,064,000 | -6,424,000 | 6,521,000 | -16,959,000 | 15,372,000 | 3,684,000 | |||||||||||||||||||||||
net gain on irlcs, forward sales commitments and loans held for sale | -1,052,000 | ||||||||||||||||||||||||||||
accrued liabilities, other payables, and payroll tax liabilities, noncurrent | 8,873,000 | ||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 1,000 | 13,000 | 6,000 | 3,000 | -25,000 | 4,000 | -10,000 | ||||||||||||||||||||||
deferred rent | -111,000 | 117,000 | -74,000 | 69,000 | |||||||||||||||||||||||||
other payables - deposits held in escrow | 246,000 | -10,965,000 | 7,634,000 | 3,968,000 | |||||||||||||||||||||||||
accrued liabilities, other payables, and non-current payroll tax liabilities | 14,225,000 | ||||||||||||||||||||||||||||
proceeds from the issuance of shares resulting from employee equity plans | 4,067,000 | 6,949,000 | 4,103,000 | 5,238,000 | |||||||||||||||||||||||||
principal payments for finance lease obligations | -29,000 | -15,000 | -15,000 | ||||||||||||||||||||||||||
cash paid for debt issuance costs | 0 | -770,000 | |||||||||||||||||||||||||||
accrued liabilities and other payables | 20,626,000 | -11,535,000 | -7,500,000 | ||||||||||||||||||||||||||
repayments of warehouse credit facilities | -109,142,000 | -137,669,000 | -87,109,000 | -38,097,000 | -30,094,000 | -23,955,000 | -17,152,000 | -9,924,000 | -3,832,000 | -2,495,000 | |||||||||||||||||||
proceeds from issuance of convertible notes, net of issuance costs | |||||||||||||||||||||||||||||
proceeds from initial public offering, net of underwriting discounts | 0 | ||||||||||||||||||||||||||||
payment of initial public offering costs | -109,000 | ||||||||||||||||||||||||||||
proceeds from follow on offering | |||||||||||||||||||||||||||||
conversion of redeemable convertible preferred stock to common stock | |||||||||||||||||||||||||||||
accretion of redeemable convertible preferred stock | 0 | -40,225,000 | |||||||||||||||||||||||||||
accrued revenue | 14,252,000 | -22,433,000 | -890,000 | -2,109,000 | 5,648,000 | -6,809,000 | 1,241,000 | 3,000 | 1,173,000 | ||||||||||||||||||||
operating lease liabilities | -1,906,000 | -1,842,000 | -1,459,000 | ||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||||||||||||
change in assets and liabilities | |||||||||||||||||||||||||||||
proceeds from the exercise of stock options | 5,233,000 | 3,732,000 | |||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash | |||||||||||||||||||||||||||||
other assets | 1,441,000 | ||||||||||||||||||||||||||||
accrued liabilities | 21,695,000 | -6,752,000 | 3,462,000 | 233,000 | 7,248,000 | ||||||||||||||||||||||||
tax payment related to net share settlements on restricted stock units | -818,000 | -721,000 | -478,000 | -168,000 | -59,000 | ||||||||||||||||||||||||
prepaid expenses | -5,983,000 | -2,597,000 | 1,425,000 | 3,852,000 | -4,141,000 | -1,926,000 | |||||||||||||||||||||||
other current assets | -1,402,000 | 894,000 | 2,191,000 | -3,661,000 | 1,913,000 | -3,325,000 | |||||||||||||||||||||||
other payables | -1,749,000 | ||||||||||||||||||||||||||||
deferred lease liability | -336,000 | -330,000 | -315,000 | -268,000 | -252,000 | -96,000 | |||||||||||||||||||||||
sales and maturities of short-term investments | |||||||||||||||||||||||||||||
purchases of short-term investments | 1,000 | -1,000 | |||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes | 0 | ||||||||||||||||||||||||||||
proceeds from follow-on offering | 0 | ||||||||||||||||||||||||||||
proceeds from exercise of stock options | 5,946,000 | 484,000 | 1,502,000 | ||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities | |||||||||||||||||||||||||||||
deferred initial public offering cost accruals | |||||||||||||||||||||||||||||
property and equipment additions in accounts payable and accrued expenses | -57,000 | -4,000 | 34,000 | -55,000 | |||||||||||||||||||||||||
operating activities: | |||||||||||||||||||||||||||||
other long-term assets | -171,000 | -22,000 | -103,000 | -21,000 | -133,000 | ||||||||||||||||||||||||
accrued expenses | -3,398,000 | 32,000 | |||||||||||||||||||||||||||
investing activities: | |||||||||||||||||||||||||||||
maturities and sales of short-term investments | |||||||||||||||||||||||||||||
financing activities: | |||||||||||||||||||||||||||||
proceeds from issuance of common stock | 2,920,000 | ||||||||||||||||||||||||||||
other payables - customer escrow deposits related to title services | -5,947,000 | 6,823,000 | 6,808,000 | ||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | |||||||||||||||||||||||||||||
initial public offering cost accruals | |||||||||||||||||||||||||||||
cash in transit for exercised stock options | -55,000 | ||||||||||||||||||||||||||||
inventories | |||||||||||||||||||||||||||||
net change in cash and cash equivalents, and restricted cash | -10,761,000 | ||||||||||||||||||||||||||||
cash-in-transit for exercised stock options | -56,000 | ||||||||||||||||||||||||||||
stock-based compensation. | |||||||||||||||||||||||||||||
proceeds from sale of loans held for sale | |||||||||||||||||||||||||||||
issuance costs of redeemable convertible preferred stock | |||||||||||||||||||||||||||||
proceeds from tender offer | |||||||||||||||||||||||||||||
in-substance dividend paid in relation to tender offer | |||||||||||||||||||||||||||||
net change in cash and cash equivalents | 158,226,000 | ||||||||||||||||||||||||||||
cash and cash equivalents: | |||||||||||||||||||||||||||||
maturities of short-term investments | |||||||||||||||||||||||||||||
payment of deferred initial public offering costs |

