8-K Announcements
6Apr 29, 2026·SEC
Apr 29, 2026·SEC
Mar 12, 2026·SEC
Redwood Trust, Inc. (RWT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Redwood Trust, Inc. (RWT) stock price & volume — 10-year historical chart
Redwood Trust, Inc. (RWT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Redwood Trust, Inc. (RWT) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.06vs $0.28-120.9% | $64Mvs $87M-26.6% |
| Q1 2026 | Feb 11, 2026 | $0.33vs $0.22+50.0% | $88Mvs $76M+14.7% |
| Q4 2025 | Oct 29, 2025 | $0.20vs $0.16+25.0% | $61Mvs $25M+146.7% |
| Q3 2025 | Jul 30, 2025 | $0.18vs $0.19-5.3% | $47Mvs $30M+57.3% |
Redwood Trust, Inc. (RWT) competitors in Residential mortgage originators and conduits — business model, growth, and fundamentals comparison
Redwood Trust, Inc. (RWT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Redwood Trust, Inc. (RWT) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 239.18M | 216.17M | 327.17M | -318.03M | 539.6M | -22.1M | 158.6M | 242.5M | 1.11B |
| Revenue Growth % | -7.85% | -9.62% | 51.35% | -197.21% | 269.67% | -104.1% | 817.51% | 52.9% | 356.5% |
| Property Operating Expenses | 0 | 7.48M | 9.94M | 12.73M | 21.98M | 19.72M | 21.74M | 33.59M | 48.38M |
| Net Operating Income (NOI) | 239.18M▲ 0% | 208.69M▼ 12.7% | 317.24M▲ 52.0% | -330.76M▼ 204.3% | 517.62M▲ 256.5% | -41.82M▼ 108.1% | 136.86M▲ 427.3% | 208.91M▲ 52.6% | 1.06B▲ 406.7% |
| NOI Margin % | 100% | 96.54% | 96.96% | 104% | 95.93% | 189.2% | 86.29% | 86.15% | 95.63% |
| Operating Expenses | 77.16M | 75.3M | 105.73M | 108.65M | 161.41M | 133.91M | 126.3M | 134.39M | 3.23M |
| G&A Expenses | 77.16M | 75.3M | 105.73M | 108.65M | 161.41M | 133.91M | 126.3M | 134.39M | 0 |
| EBITDA | 163.24M | 134.7M | 308.61M | -422.05M | 388.31M | -159.81M | 10.57M | 74.51M | 1.07B |
| EBITDA Margin % | 68.25% | 62.31% | 94.33% | 132.71% | 71.96% | 722.98% | 6.66% | 30.73% | 96.25% |
| Depreciation & Amortization | 1.21M | 1.31M | 97.1M | 17.36M | 32.09M | 15.92M | 0 | 0 | 10.06M |
| D&A / Revenue % | 0.51% | 0.61% | 29.68% | -5.46% | 5.95% | -72.03% | 0% | 0% | 0.91% |
| Operating Income | 162.02M▲ 0% | 133.39M▼ 17.7% | 211.51M▲ 58.6% | -439.41M▼ 307.7% | 356.22M▲ 181.1% | -175.73M▼ 149.3% | 10.57M▲ 106.0% | 74.51M▲ 605.2% | 1.06B▲ 1316.4% |
| Operating Margin % | 67.74% | 61.71% | 64.65% | 138.17% | 66.02% | 795.01% | 6.66% | 30.73% | 95.34% |
| Interest Expense | 109M | 239M | 480M | 448M | 427M | 552M | 631.52M | 842.56M | 1.1B |
| Interest Coverage | 2.40x | 1.55x | -0.02x | -0.04x | -0.04x | 0.67x | 0.02x | 0.09x | 0.96x |
| Non-Operating Income | -109.78M | 1.31M | 192.98M | -475.57M | 358.69M | 15.92M | 10.57M | 74.51M | -1 |
| Pretax Income | 152.16M▲ 0% | 130.69M▼ 14.1% | 176.62M▲ 35.1% | -586.46M▼ 432.0% | 338.09M▲ 157.6% | -183.44M▼ 154.3% | -639K▲ 99.7% | 72.84M▲ 11499.2% | -44.84M▼ 161.6% |
| Pretax Margin % | 63.62% | 60.46% | 53.98% | 184.4% | 62.66% | 829.9% | -0.4% | 30.04% | -4.05% |
| Income Tax | 11.75M | 11.09M | 7.44M | -4.61M | 18.48M | -19.92M | 1.64M | 18.84M | 25.18M |
| Effective Tax Rate % | 7.72% | 8.48% | 4.21% | 0.79% | 5.47% | 10.86% | -255.87% | 25.86% | -56.17% |
| Net Income | 140.41M▲ 0% | 119.6M▼ 14.8% | 169.18M▲ 41.5% | -581.85M▼ 443.9% | 319.61M▲ 154.9% | -163.52M▼ 151.2% | -2.27M▲ 98.6% | 54M▲ 2474.8% | -70.03M▼ 229.7% |
| Net Margin % | 58.7% | 55.33% | 51.71% | 182.95% | 59.23% | 739.78% | -1.43% | 22.27% | -6.33% |
| Net Income Growth % | 6.97% | -14.82% | 41.46% | -443.92% | 154.93% | -151.16% | 98.61% | 2474.85% | -229.67% |
| Funds From Operations (FFO) | 141.62M▲ 0% | 120.91M▼ 14.6% | 266.28M▲ 120.2% | -564.48M▼ 312.0% | 351.7M▲ 162.3% | -147.6M▼ 142.0% | 12.58M▲ 108.5% | 65.92M▲ 424.0% | -59.96M▼ 191.0% |
| FFO Margin % | 59.21% | 55.93% | 81.39% | 177.49% | 65.18% | 667.74% | 7.93% | 27.18% | -5.42% |
| FFO Growth % | 6.97% | -14.62% | 120.23% | -311.99% | 162.31% | -141.97% | 108.52% | 424.01% | -190.96% |
| FFO per Share | 1.39 | 1.10 | 1.95 | -4.95 | 2.48 | -1.26 | 0.11 | 0.50 | -0.46 |
| FFO Payout Ratio % | 62.35% | 80.06% | 48.62% | -14.88% | 26.07% | -75.66% | 702.51% | 140.92% | -165.05% |
| EPS (Diluted) | 1.60▲ 0% | 1.09▼ 31.9% | 1.46▲ 33.9% | -5.11▼ 450.0% | 2.37▲ 146.4% | -1.43▼ 160.3% | -0.11▲ 92.3% | 0.32▲ 390.9% | -0.63▼ 296.9% |
| EPS Growth % | 3.9% | -31.87% | 33.95% | -450% | 146.38% | -160.34% | 92.31% | 390.91% | -296.88% |
| EPS (Basic) | 1.83 | 1.41 | 1.46 | -5.19 | 2.73 | -1.43 | -0.11 | 0.32 | -0.63 |
| Diluted Shares Outstanding | 101.97M | 110.03M | 136.78M | 113.94M | 142.07M | 117.23M | 116.28M | 132.14M | 130.25M |
Redwood Trust, Inc. (RWT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 7.04B | 11.94B | 18B | 10.36B | 14.71B | 13.03B | 14.5B | 18.26B | 23.7B |
| Asset Growth % | 28.4% | 69.56% | 50.75% | -42.46% | 42.03% | -11.4% | 11.31% | 25.88% | 29.81% |
| Real Estate & Other Assets | -1.47B | 8.37B | -18B | 254.31M | -895.99M | -724.47M | -543.92M | -837.62M | 243.69M |
| PP&E (Net) | 2.65M | 5.11M | 16.77M | 19.21M | 27.79M | 28.79M | 20.36M | 14.17M | 15.9M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 144.66M | 175.76M | 740.5M | 0 | 0 | 0 | 0 | 0 | 1B |
| Cash & Equivalents | 145M | 176M | 197M | 461.26M | 450.49M | 258.89M | 293.1M | 245.16M | 255.66M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 0 | 0 | -794.86M | -505.76M | -550.26M | -670.58M | 193.45M |
| Intangible Assets | 64M | 60.28M | 72.79M | 56.87M | 41.56M | 40.89M | 28.46M | 19.05M | 10.62M |
| Total Liabilities | 5.83B | 10.59B | 16.17B | 9.24B | 13.32B | 11.95B | 13.3B | 17.07B | 22.72B |
| Total Debt | 5.68B | 10.38B | 15.8B | 8.85B | 12.88B | 11.5B | 12.84B | 16.39B | 22.16B |
| Net Debt | 5.53B | 10.21B | 15.6B | 8.39B | 12.43B | 11.25B | 12.55B | 16.15B | 21.91B |
| Long-Term Debt | 3.74B | 7.98B | 13.33B | 8.39B | 10.76B | 9.58B | 11.48B | 14.63B | 18.87B |
| Short-Term Borrowings | 1.29B | 1.41B | 2.33B | 444.83M | 2.1B | 1.9B | 1.35B | 1.75B | 3.28B |
| Capital Lease Obligations | 0 | 0 | 13.44M | 13.22M | 20.96M | 18.56M | 14.72M | 11.03M | 10.67M |
| Total Current Liabilities | 2.09B | 2.61B | 2.39B | 629.49M | 0 | 0 | 0 | 0 | 3.55B |
| Accounts Payable | 18.43M | 42.53M | 66.12M | 34.86M | 47.57M | 50.85M | 57.75M | 77.79M | 91.55M |
| Deferred Revenue | -649.06M | -988.61M | 0 | 0 | 0 | 0 | 0 | 5.13M | 32.05M |
| Other Liabilities | -3.75B | -7.99B | 71.43M | 71.84M | -10.78B | -9.6B | -11.49B | -14.65B | 249.76M |
| Total Equity | 6.74B▲ 0% | 11.53B▲ 70.9% | 17.35B▲ 50.5% | 1.11B▼ 93.6% | 1.39B▲ 24.8% | 1.08B▼ 21.8% | 1.2B▲ 11.0% | 1.19B▼ 1.2% | 982.62M▼ 17.3% |
| Equity Growth % | 31.88% | 70.93% | 50.5% | -93.6% | 24.77% | -21.8% | 10.95% | -1.23% | -17.28% |
| Shareholders Equity | 1.21B | 1.35B | 1.83B | 1.11B | 1.39B | 1.08B | 1.2B | 1.19B | 982.62M |
| Minority Interest | 5.53B | 10.18B | 15.52B | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 766K | 849K | 1.14M | 1.12M | 1.15M | 1.14M | 1.31M | 1.32M | 1.25M |
| Additional Paid-in Capital | 1.67B | 1.81B | 2.27B | 2.26B | 2.32B | 2.35B | 2.49B | 2.5B | 2.46B |
| Retained Earnings | -547.57M | -524.77M | -485.04M | -1.15B | 1.32B | 1.15B | 1.14B | 1.19B | -1.52B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 66.95M | 66.95M | 66.95M |
| Return on Assets (ROA) | 2.24% | 1.26% | 1.13% | -4.1% | 2.55% | -1.18% | -0.02% | 0.33% | -0.33% |
| Return on Equity (ROE) | 2.37% | 1.31% | 1.17% | -6.3% | 25.6% | -13.24% | -0.2% | 4.52% | -6.45% |
| Debt / Assets | 80.67% | 86.97% | 87.79% | 85.46% | 87.57% | 88.29% | 88.55% | 89.79% | 93.51% |
| Debt / Equity | 0.84x | 0.90x | 0.91x | 7.97x | 9.29x | 10.61x | 10.68x | 13.80x | 22.56x |
| Net Debt / EBITDA | 33.90x | 75.77x | 50.55x | - | 32.01x | - | 1187.88x | 216.73x | 20.56x |
| Book Value per Share | 66.13 | 104.76 | 126.83 | 9.75 | 9.76 | 9.25 | 10.34 | 8.99 | 7.54 |
Redwood Trust, Inc. (RWT) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.71B | -1.61B | -1.17B | -505.47M | -5.69B | -139.14M | -2.02B | -5.86B | -10.09B |
| Operating CF Growth % | -213.97% | 5.92% | 27.68% | 56.63% | -1026.59% | 97.56% | -1348.77% | -190.82% | -72.19% |
| Operating CF / Revenue % | -716.27% | -745.57% | -356.26% | 158.93% | -1055.33% | 629.48% | -1271.03% | -2417.57% | -911.88% |
| Net Income | 140.41M | 119.6M | 169.18M | -581.85M | 319.61M | -163.52M | -2.27M | 54M | -70.03M |
| Depreciation & Amortization | 1.21M | 1.31M | 10.13M | 17.36M | 16.78M | 15.92M | 14.85M | 11.92M | 0 |
| Stock-Based Compensation | 10.38M | 13.74M | 14.96M | 15.3M | 18.9M | 23.94M | 19.06M | 20.74M | 0 |
| Other Non-Cash Items | -1.8B | -1.74B | -1.19B | -189.16M | -6.03B | 21.11M | -2B | -5.93B | -10.11B |
| Working Capital Changes | -22.38M | -20.77M | -78.71M | 232.87M | -22.87M | -36.59M | -51.49M | -16.51M | 85.54M |
| Cash from Investing | 286.86M | -12.75M | 1.03B | 4.07B | 1.4B | 213.89M | 908.72M | 2.54B | 4.53B |
| Acquisitions (Net) | 643K | 25.49M | -451.63M | 0 | 0 | -40.64M | 0 | 0 | 0 |
| Purchase of Investments | -600.88M | -1.34B | -711.16M | -292.05M | -398.77M | -263.22M | -117.91M | -236.87M | 0 |
| Sale of Investments | 306.2M | 761.47M | 995.54M | 937.36M | 184.74M | 177.8M | 243.77M | 61.27M | 10.96B |
| Other Investing | 581.53M | 566.22M | -67.68M | 3.43B | 1.62B | 339.95M | 782.86M | 2.71B | -6.43B |
| Cash from Financing | 1.36B | 1.68B | 225.47M | -3.31B | 4.28B | -276.87M | 1.15B | 3.27B | 5.7B |
| Dividends Paid | -88.3M | -96.8M | -129.45M | -83.98M | -91.67M | -111.67M | -93.58M | -99.91M | -105.99M |
| Common Dividends | -88.3M | -96.8M | -129.45M | -83.98M | -91.67M | -111.67M | -88.38M | -92.9M | -98.97M |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K |
| Share Repurchases | -8.42M | -16.32M | 0 | -21.66M | 0 | -56.5M | 0 | 0 | -51.83M |
| Other Financing | -11.65M | -10.11M | -14.6M | -94.92M | 4.74M | -28.36M | -15.42M | -23.62M | -6.04M |
| Net Change in Cash | -68.18M▲ 0% | 58.27M▲ 185.5% | 85.76M▲ 47.2% | 253.62M▲ 195.7% | -12.97M▼ 105.1% | -202.12M▼ 1458.8% | 39.42M▲ 119.5% | -55.86M▼ 241.7% | 136.18M▲ 343.8% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 212.84M | 146.81M | 205.08M | 290.83M | 544.45M | 531.48M | 329.36M | 368.79M | 312.93M |
| Cash at End | 144.66M | 205.08M | 290.83M | 544.45M | 531.48M | 329.36M | 368.79M | 312.93M | 449.11M |
| Free Cash Flow | -1.71B▲ 0% | -1.64B▲ 4.5% | 95.21M▲ 105.8% | -505.47M▼ 630.9% | -5.69B▼ 1026.6% | -139.14M▲ 97.6% | -2.02B▼ 1348.8% | -5.86B▼ 190.8% | -10.09B▼ 72.2% |
| FCF Growth % | -205.5% | 4.47% | 105.82% | -630.89% | -1026.59% | 97.56% | -1348.77% | -190.82% | -72.19% |
| FCF / Revenue % | -716.54% | -757.36% | 29.1% | 158.93% | -1055.33% | 629.48% | -1271.03% | -2417.57% | -911.88% |
Redwood Trust, Inc. (RWT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 1.35 | 1.39 | 1.1 | 1.95 | -4.95 | 2.48 | -1.26 | 0.11 | 0.5 | -0.46 |
| FFO Payout Ratio | 66.82% | 62.35% | 80.06% | 48.62% | -14.88% | 26.07% | -75.66% | 702.51% | 140.92% | -165.05% |
| NOI Margin | 94.28% | 100% | 96.54% | 96.96% | 104% | 95.93% | 189.2% | 86.29% | 86.15% | 95.63% |
| Net Debt / EBITDA | 21.41x | 33.90x | 75.77x | 50.55x | - | 32.01x | - | 1187.88x | 216.73x | 20.56x |
| Debt / Assets | 76.35% | 80.67% | 86.97% | 87.79% | 85.46% | 87.57% | 88.29% | 88.55% | 89.79% | 93.51% |
| Interest Coverage | 2.65x | 2.40x | 1.55x | -0.02x | -0.04x | -0.04x | 0.67x | 0.02x | 0.09x | 0.96x |
| Book Value / Share | 52.22 | 66.13 | 104.76 | 126.83 | 9.75 | 9.76 | 9.25 | 10.34 | 8.99 | 7.54 |
| Revenue Growth | 21.14% | -7.85% | -9.62% | 51.35% | -197.21% | 269.67% | -104.1% | 817.51% | 52.9% | 356.5% |
Redwood Trust, Inc. (RWT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Apr 29, 2026·SEC
Mar 12, 2026·SEC
Redwood Trust, Inc. (RWT) stock FAQ — growth, dividends, profitability & financials explained
Redwood Trust, Inc. (RWT) reported $1.06B in revenue for fiscal year 2025. This represents a 6195% increase from $16.9M in 1996.
Redwood Trust, Inc. (RWT) grew revenue by 356.5% over the past year. This is strong growth.
Redwood Trust, Inc. (RWT) reported a net loss of $70.0M for fiscal year 2025.
Yes, Redwood Trust, Inc. (RWT) pays a dividend with a yield of 13.64%. This makes it attractive for income-focused investors.
Redwood Trust, Inc. (RWT) has a return on equity (ROE) of -6.5%. Negative ROE indicates the company is unprofitable.
Redwood Trust, Inc. (RWT) generated Funds From Operations (FFO) of $-60.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Redwood Trust, Inc. (RWT) offers a 13.64% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Redwood Trust, Inc. (RWT) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates