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Operating Segments
 12 Months Ended
Dec. 31, 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, 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:

 
Year End December 31,
 
2015
 
2016
 
2017
 
 
 
 
 
 
Real estate
 
 
 
 
 
Revenue
$
181,446

 
$
260,383

 
$
351,570

Cost of revenue
131,522

 
176,408

 
237,832

Gross profit
$
49,924

 
$
83,975

 
$
113,738

Other
 
 
 
 
 
Revenue
5,892

 
6,813

 
18,466

Cost of revenue
6,970

 
8,044

 
20,384

Gross profit
$
(1,078
)
 
$
(1,231
)
 
$
(1,918
)
Consolidated
 
 
 
 
 
Revenue
187,338

 
267,196

 
370,036

Cost of revenue
138,492

 
184,452

 
258,216

Gross profit
$
48,846

 
$
82,744

 
$
111,820

Operating expenses
79,135

 
105,528

 
127,792

Net income (loss)
$
(30,236
)
 
$
(22,526
)
 
$
(15,002
)



Real estate revenue consisted of the following:
 
Year End December 31,
 
2015
 
2016
 
2017
 
 
 
 
 
 
Real estate revenue
 
 
 
 
 
Brokerage revenue
$
171,276

 
$
244,079

 
$
330,372

Partner revenue
10,170

 
16,304

 
21,198

Total real estate revenue
$
181,446

 
$
260,383

 
$
351,570