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6Apr 29, 2026·SEC
Apr 29, 2026·SEC
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Redwood Trust, Inc. 9.125% Seni (RWTN) 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. 9.125% Seni (RWTN) stock price & volume — 10-year historical chart
Redwood Trust, Inc. 9.125% Seni (RWTN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Redwood Trust, Inc. 9.125% Seni (RWTN) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.07vs $0.16-143.0% | $64Mvs $87M-26.6% |
| Q1 2026 | Feb 11, 2026 | $0.13vs $0.16-18.3% | $88Mvs $76M+14.7% |
| Q4 2025 | Oct 29, 2025 | $0.00vs $0.17-97.8% | $61Mvs $77M-20.5% |
| Q3 2025 | Jul 30, 2025 | $0.10vs $0.17-158.5% | $52Mvs $78M-166.4% |
Redwood Trust, Inc. 9.125% Seni (RWTN) competitors in Residential mortgage originators and conduits — business model, growth, and fundamentals comparison
Redwood Trust, Inc. 9.125% Seni (RWTN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Redwood Trust, Inc. 9.125% Seni (RWTN) 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 | 274.78M |
| Revenue Growth % | -7.85% | -9.62% | 51.35% | -197.21% | 269.67% | -104.1% | 817.51% | 52.9% | 13.31% |
| Property Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.3M |
| Net Operating Income (NOI) | 239.18M▲ 0% | 216.17M▼ 9.6% | 327.17M▲ 51.3% | -318.03M▼ 197.2% | 539.6M▲ 269.7% | -22.1M▼ 104.1% | 158.6M▲ 817.5% | 242.5M▲ 52.9% | 246.48M▲ 1.6% |
| NOI Margin % | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 89.7% |
| Operating Expenses | 87.02M | 85.49M | 105.73M | 108.65M | 161.41M | 133.91M | 126.3M | 134.39M | 273.15M |
| G&A Expenses | 77.16M | 75.3M | 105.73M | 108.65M | 161.41M | 133.91M | 126.3M | 134.39M | 153.95M |
| EBITDA | 0 | 0 | 221.45M | -426.68M | 378.2M | -156.01M | 32.3M | 108.1M | -26.77M |
| EBITDA Margin % | 0% | 0% | 67.68% | 134.16% | 70.09% | 705.81% | 20.37% | 44.58% | -9.74% |
| Depreciation & Amortization | -152.16M | -130.69M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A / Revenue % | -63.62% | -60.46% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Operating Income | 152.16M▲ 0% | 130.69M▼ 14.1% | 221.45M▲ 69.4% | -426.68M▼ 292.7% | 378.2M▲ 188.6% | -156.01M▼ 141.3% | 32.3M▲ 120.7% | 108.1M▲ 234.7% | -26.67M▼ 124.7% |
| Operating Margin % | 63.62% | 60.46% | 67.68% | 134.16% | 70.09% | 705.81% | 20.37% | 44.58% | -9.71% |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 842.56M | 18.1M |
| Interest Coverage | - | - | - | - | - | - | - | 0.13x | -1.48x |
| Non-Operating Income | 0 | 0 | 221.45M | -426.68M | 378.2M | -156.01M | 32.3M | 108.1M | 100K |
| 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% | -44.87M▼ 161.6% |
| Pretax Margin % | 63.62% | 60.46% | 53.98% | 184.4% | 62.66% | 829.9% | -0.4% | 30.04% | -16.33% |
| 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% | -56.11% |
| Net Income | 136.77M▲ 0% | 115.85M▼ 15.3% | 169.18M▲ 46.0% | -581.85M▼ 443.9% | 319.61M▲ 154.9% | -163.52M▼ 151.2% | -2.27M▲ 98.6% | 54M▲ 2474.8% | -70.05M▼ 229.7% |
| Net Margin % | 57.19% | 53.59% | 51.71% | 182.95% | 59.23% | 739.78% | -1.43% | 22.27% | -25.49% |
| Net Income Growth % | 7.27% | -15.3% | 46.04% | -443.92% | 154.93% | -151.16% | 98.61% | 2474.85% | -229.71% |
| Funds From Operations (FFO) | -15.38M▲ 0% | -14.84M▲ 3.5% | 187.83M▲ 1365.5% | -564.48M▼ 400.5% | 351.7M▲ 162.3% | -133.63M▼ 138.0% | 25.01M▲ 118.7% | 65.92M▲ 163.6% | -70.05M▼ 206.3% |
| FFO Margin % | -6.43% | -6.87% | 57.41% | 177.49% | 65.18% | 604.55% | 15.77% | 27.18% | -25.49% |
| FFO Growth % | 12.35% | 3.52% | 1365.51% | -400.53% | 162.31% | -138% | 118.72% | 163.57% | - |
| FFO per Share | -0.15 | -0.13 | 1.37 | -4.95 | 2.48 | -1.14 | 0.22 | 0.50 | -0.62 |
| FFO Payout Ratio % | -573.97% | -652.22% | 68.92% | 0% | 26.07% | 0% | 374.15% | 151.56% | 0% |
| EPS (Diluted) | 1.34▲ 0% | 1.05▼ 21.6% | 1.20▲ 14.3% | -5.12▼ 526.7% | 2.17▲ 142.4% | -1.43▼ 165.9% | -0.11▲ 92.3% | 0.32▲ 390.9% | -0.62▼ 293.7% |
| EPS Growth % | 3.08% | -21.64% | 14.29% | -526.67% | 142.38% | -165.9% | 92.31% | 390.91% | -293.75% |
| EPS (Basic) | 1.60 | 1.34 | 1.46 | -5.12 | 2.37 | -1.43 | -0.11 | 0.32 | -0.62 |
| Diluted Shares Outstanding | 101.98M | 110.03M | 136.78M | 113.94M | 142.07M | 117.23M | 116.28M | 132.14M | 113.07M |
Redwood Trust, Inc. 9.125% Seni (RWTN) 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 % | 28.38% | 69.57% | 50.75% | -42.46% | 42.03% | -11.4% | 11.31% | 25.88% | 29.81% |
| Real Estate & Other Assets | 6.83B | 11.7B | 17.58B | 9.81B | 14.17B | 12.65B | 14.11B | -147.27M | 711.63M |
| PP&E (Net) | 2.65M | 5.11M | 16.77M | 19.21M | 27.79M | 28.79M | 20.36M | 13.84M | 0 |
| Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
| Total Current Assets | 144.66M | 175.76M | 196.97M | 461.26M | 450.49M | 258.89M | 293.1M | 0 | 256M |
| Cash & Equivalents | 144.66M | 175.76M | 196.97M | 461.26M | 450.49M | 258.89M | 293.1M | 312.93M | 256M |
| Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -526.87M | 0 |
| Intangible Assets | 63.6M | 60.28M | 115.01M | 65.68M | 54M | 66.31M | 53.34M | 0 | 0 |
| Total Liabilities | 5.83B | 10.59B | 16.17B | 9.24B | 13.32B | 11.95B | 13.3B | 17.07B | 22.72B |
| Total Debt | 3.74B | 7.98B | 13.47B | 8.53B | 10.89B | 9.72B | 11.49B | 16.75B | 22.29B |
| Net Debt | 3.59B | 7.81B | 13.27B | 8.06B | 10.44B | 9.46B | 11.2B | 16.43B | 22.04B |
| Long-Term Debt | 3.74B | 7.98B | 13.47B | 8.53B | 10.89B | 9.72B | 11.49B | 15.19B | 22.29B |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.55B | 3.28B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.32M | 0 |
| Total Current Liabilities | 42.46M | 62.3M | 98.9M | 64.76M | 118.31M | 83.28M | 86.42M | 0 | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 2.05B | 2.54B | 2.6B | 653.26M | 2.31B | 2.14B | 1.72B | -15.2B | 427M |
| Total Equity | 1.21B▲ 0% | 1.35B▲ 11.3% | 1.83B▲ 35.5% | 1.11B▼ 39.2% | 1.39B▲ 24.8% | 1.08B▼ 21.8% | 1.2B▲ 11.1% | 1.19B▼ 1.4% | 983M▼ 17.2% |
| Equity Growth % | 5.47% | 11.26% | 35.47% | -39.2% | 24.77% | -21.8% | 11.09% | -1.35% | -17.25% |
| Shareholders Equity | 1.21B | 1.35B | 1.83B | 1.11B | 1.39B | 1.08B | 1.2B | 1.19B | 983M |
| Minority Interest | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.5B | 2.46B |
| Retained Earnings | -547.57M | -524.77M | -485.04M | -1.15B | -922.93M | -1.2B | -1.3B | -1.34B | -1.52B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 68.43M | 66.95M | 66.95M |
| Return on Assets (ROA) | 2.18% | 1.22% | 1.13% | -4.1% | 2.55% | -1.18% | -0.02% | 0.33% | -0.33% |
| Return on Equity (ROE) | 11.58% | 9.05% | 10.65% | -39.61% | 25.6% | -13.24% | -0.2% | 4.52% | -6.45% |
| Debt / Assets | 53.12% | 66.87% | 74.85% | 82.34% | 74.08% | 74.59% | 79.24% | 91.72% | 94.05% |
| Debt / Equity | 3.08x | 5.92x | 7.37x | 7.67x | 7.86x | 8.97x | 9.54x | 14.10x | 22.68x |
| Net Debt / EBITDA | - | - | 59.93x | - | 27.62x | - | 346.71x | 152.02x | - |
| Book Value per Share | 11.89 | 12.26 | 13.36 | 9.75 | 9.76 | 9.25 | 10.36 | 8.99 | 8.69 |
Redwood Trust, Inc. 9.125% Seni (RWTN) 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% | -3673.66% |
| Net Income | 140.41M | 119.6M | 164.39M | -583.84M | 308.98M | -167.85M | -6.27M | 54M | 0 |
| Depreciation & Amortization | 1.21M | 1.31M | 18.64M | 17.36M | 32.09M | 29.89M | 27.28M | 11.92M | 0 |
| Stock-Based Compensation | 10.38M | 13.74M | 0 | 0 | 0 | 0 | 0 | 25.02M | 0 |
| Other Non-Cash Items | -1.85B | -1.7B | -1.27B | -171.87M | -6.01B | 35.42M | -1.99B | -5.91B | -10.18B |
| Working Capital Changes | -17.56M | -41.85M | -78.71M | 232.87M | -22.87M | -36.59M | -51.49M | -40.71M | 85.54M |
| Cash from Investing | 280.38M | -12.75M | 1.03B | 4.07B | 1.4B | 213.89M | 908.72M | 2.54B | 4.53B |
| Acquisitions (Net) | 0 | -237.65M | -455.34M | 0 | 0 | -40.64M | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | -707.45M | -292.05M | -330.54M | -15.01M | -9.86M | 0 | 0 |
| Sale of Investments | 0 | 0 | 995.54M | 976.85M | 184.74M | 135.05M | 200.81M | 0 | 10.96B |
| Other Investing | 280.38M | 224.9M | 1.19B | 3.39B | 1.55B | 134.47M | 717.76M | 2.54B | -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 | -98.97M |
| Common Dividends | -88.3M | -96.8M | 0 | 0 | 0 | 0 | 0 | -99.91M | 0 |
| Debt Issuance (Net) | 0 | 0 | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K |
| Share Repurchases | -12.55M | -21.15M | 0 | -21.66M | 0 | -56.5M | 0 | -5.01M | -51.83M |
| Other Financing | 1.45B | 1.78B | -7.58M | -84.68M | 4.74M | -7.25M | -12.25M | -18.14M | -13.05M |
| Net Change in Cash | -74.66M▲ 0% | 58.27M▲ 178.0% | 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 | 1 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 221.47M | 146.81M | 205.08M | 290.83M | 544.45M | 531.48M | 329.36M | 368.79M | 312.93M |
| Cash at End | 146.81M | 205.08M | 290.83M | 544.45M | 531.48M | 329.36M | 368.79M | 312.93M | 449.11M |
| Free Cash Flow | -1.71B▲ 0% | -1.61B▲ 5.9% | -1.17B▲ 27.7% | -505.47M▲ 56.6% | -5.69B▼ 1026.6% | -139.14M▲ 97.6% | -2.02B▼ 1348.8% | -5.86B▼ 190.8% | -10.09B▼ 72.2% |
| FCF Growth % | -213.97% | 5.92% | 27.68% | 56.63% | -1026.59% | 97.56% | -1348.77% | -190.82% | -72.19% |
| FCF / Revenue % | -716.27% | -745.57% | -356.26% | 158.93% | -1055.33% | 629.48% | -1271.03% | -2417.57% | -3673.66% |
Redwood Trust, Inc. 9.125% Seni (RWTN) 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 | -0.18 | -0.15 | -0.13 | 1.37 | -4.95 | 2.48 | -1.14 | 0.22 | 0.5 | -0.62 |
| FFO Payout Ratio | -504.05% | -573.97% | -652.22% | 68.92% | 0% | 26.07% | 0% | 374.15% | 151.56% | 0% |
| NOI Margin | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 89.7% |
| Net Debt / EBITDA | - | - | - | 59.93x | - | 27.62x | - | 346.71x | 152.02x | - |
| Debt / Assets | 61.9% | 53.12% | 66.87% | 74.85% | 82.34% | 74.08% | 74.59% | 79.24% | 91.72% | 94.05% |
| Interest Coverage | - | - | - | - | - | - | - | - | 0.13x | -1.48x |
| Book Value / Share | 11.74 | 11.89 | 12.26 | 13.36 | 9.75 | 9.76 | 9.25 | 10.36 | 8.99 | 8.69 |
| Revenue Growth | 21.14% | -7.85% | -9.62% | 51.35% | -197.21% | 269.67% | -104.1% | 817.51% | 52.9% | 13.31% |
Redwood Trust, Inc. 9.125% Seni (RWTN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Apr 29, 2026·SEC
Mar 12, 2026·SEC
Redwood Trust, Inc. 9.125% Seni (RWTN) stock FAQ — growth, dividends, profitability & financials explained
Redwood Trust, Inc. 9.125% Seni (RWTN) reported $977.2M in revenue for fiscal year 2025. This represents a 261% increase from $270.8M in 2013.
Redwood Trust, Inc. 9.125% Seni (RWTN) grew revenue by 13.3% over the past year. This is steady growth.
Redwood Trust, Inc. 9.125% Seni (RWTN) reported a net loss of $70.0M for fiscal year 2025.
Yes, Redwood Trust, Inc. 9.125% Seni (RWTN) pays a dividend with a yield of 3.44%. This makes it attractive for income-focused investors.
Redwood Trust, Inc. 9.125% Seni (RWTN) has a return on equity (ROE) of -6.5%. Negative ROE indicates the company is unprofitable.
Redwood Trust, Inc. 9.125% Seni (RWTN) generated Funds From Operations (FFO) of $-73.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Redwood Trust, Inc. 9.125% Seni (RWTN) offers a 3.44% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Redwood Trust, Inc. 9.125% Seni (RWTN) 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