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Operating Segments
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Operating Segments
Operating Segments:

Operating segments are defined as components of an enterprise for which separate financial information is available and evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to make operating decisions, allocate resources and in assessing performance. The Company has five operating segments and one reportable segment, real estate. Real estate revenue is derived from commissions and fees charged on real estate transactions closed by us or partner agents. Other revenue consists of fees charged for title and settlement services, mortgage banking operations, marketing services provided to homebuilders by the Company’s builder services group, Walk Score licensing and advertising fees, homes sold through Redfin Now, and other services. The Company’s CODM is its Chief Executive Officer. The CODM evaluates the performance of the Company’s operating segments based on revenue and gross profit. The Company does not analyze discrete segment balance sheet information related to long-term assets, all of which are located in the United States. All other financial information is presented on a consolidated basis.

Information on each of the reportable and other segments and reconciliation to consolidated net income (loss) is as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2017
 
2016
 
2017
 
 
 
 
 
 
 
 
Real estate
 
 
 
 
 
 
 
Revenue
$
79,198

 
$
103,864

 
$
195,203

 
$
262,894

Cost of revenue
47,966

 
64,258

 
132,990

 
178,850

Gross profit
$
31,232

 
$
39,606

 
$
62,213

 
$
84,044

Other
 
 
 
 
 
 
 
Revenue
$
1,866

 
$
5,615

 
$
5,211

 
$
11,388

Cost of revenue
2,181

 
5,908

 
5,965

 
12,783

Gross profit
$
(315
)
 
$
(293
)
 
$
(754
)
 
$
(1,395
)
Consolidated
 
 
 
 
 
 
 
Revenue
$
81,064

 
$
109,479

 
$
200,414

 
$
274,282

Cost of revenue
50,147

 
70,166

 
138,955

 
191,633

Gross profit
$
30,917

 
$
39,313

 
$
61,459

 
$
82,649

Operating expenses
25,254

 
29,066

 
78,820

 
96,252

Net income (loss)
$
5,700

 
$
10,558

 
$
(17,191
)
 
$
(13,203
)


Real estate revenue consisted of the following:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2017
 
2016
 
2017
 
 
 
 
 
 
 
 
Real estate revenue
 
Brokerage revenue
$
74,052

 
$
97,787

 
$
183,440

 
$
247,327

Partner revenue
5,146

 
6,077

 
11,763

 
15,567

Total real estate revenue
$
79,198

 
$
103,864

 
$
195,203

 
$
262,894