← Back to Screener
ScreenerNewsCompareWatchlist
VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesNewsCompareWatchlist
AnalyzeValuationTotal ReturnDCA CalculatorInsider Activity

RWTN logoRedwood Trust, Inc. 9.125% Seni(RWTN)Earnings, Financials & Key Ratios

RWTN•NYSE•REIT / Real Estate
$25.45
$3.18B mkt cap·Price updated May 6, 2026
SectorReal EstateIndustryMortgage REITsSub-IndustryResidential mortgage originators and conduits
AboutRedwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. This segment also offers derivative financial instruments to manage risks associated with residential loans. The Business Purpose Mortgage Banking segment operates a platform that originates and acquires business purpose loans, such as single-family rental and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential and business purpose securitization activities, and residential and small-balance multifamily bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.Show more
  • Revenue$275M+13.3%
  • FFO-$70M-206.3%
  • FFO/Share-0.62-224.2%
  • FFO Payout0%-100.0%
  • FFO per Share-0.62-224.2%
  • NOI Margin89.7%-10.3%
  • FFO Margin-25.49%-193.8%
  • ROE-6.45%-242.9%
  • ROA-0.33%-201.3%
  • Debt/Assets94.05%+2.5%
  • Book Value/Share8.69-3.3%
Technical→

RWTN Key Insights

Redwood Trust, Inc. 9.125% Seni (RWTN) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 34.5%
  • ✓High NOI margin of 89.7%
  • ✓Healthy dividend yield of 3.4%
  • ✓Share count reduced 14.4% through buybacks
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High debt to equity ratio of 22.7x
  • ✗Weak Piotroski F-Score: 1/9
  • ✗FFO declining 203.4% TTM

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

RWTN Price & Volume

Redwood Trust, Inc. 9.125% Seni (RWTN) stock price & volume — 10-year historical chart

Loading chart...

RWTN Growth Metrics

Redwood Trust, Inc. 9.125% Seni (RWTN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.52%
5 Years-
3 Years-
TTM302.8%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-229.71%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-524.2%

Return on Capital

10 Years0.75%
5 Years0.54%
3 Years0.26%
Last Year-0.13%

RWTN Recent Earnings

Redwood Trust, Inc. 9.125% Seni (RWTN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 0/4 qtrs (0%)●Beat Revenue 1/4 qtrs (25%)
Q2 2026Latest
Apr 29, 2026
EPS
$0.07
Est $0.16
-143.0%
Revenue
$64M
Est $87M
-26.6%
Q1 2026
Feb 11, 2026
EPS
$0.13
Est $0.16
-18.3%
Revenue
$88M
Est $76M
+14.7%
Q4 2025
Oct 29, 2025
EPS
$0.00
Est $0.17
-97.8%
Revenue
$61M
Est $77M
-20.5%
Q3 2025
Jul 30, 2025
EPS
$0.10
Est $0.17
-158.5%
Revenue
$52M
Est $78M
-166.4%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$0.07vs $0.16-143.0%
$64Mvs $87M-26.6%
Q1 2026Feb 11, 2026
$0.13vs $0.16-18.3%
$88Mvs $76M+14.7%
Q4 2025Oct 29, 2025
$0.00vs $0.17-97.8%
$61Mvs $77M-20.5%
Q3 2025Jul 30, 2025
$0.10vs $0.17-158.5%
$52Mvs $78M-166.4%
Based on last 4 quarters of dataView full earnings history →

RWTN Peer Comparison

Redwood Trust, Inc. 9.125% Seni (RWTN) competitors in Residential mortgage originators and conduits — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
RWT logoRWTRedwood Trust, Inc.Direct Competitor696.22M5.57-8.84356.5%-6.58%-6.64%22.56
MFA logoMFAMFA Financial, Inc.Direct Competitor997.46M9.775.82213.02%20.7%7.43%6.01
MITT logoMITTTPG Mortgage Investment Trust IncDirect Competitor250.39M7.898.7714.4%6.82%6.11%14.45
IVR logoIVRInvesco Mortgage Capital Inc.Direct Competitor576.12M8.025.24-24.6%30.19%13.34%7.05
CIM logoCIMChimera Investment CorporationDirect Competitor1.14B13.634.96218.22%33.11%8.85%5.08
NLY logoNLYAnnaly Capital Management, Inc.Product Competitor16.19B22.547.725.35%30.28%14.05%6.92
AGNC logoAGNCAGNC Investment Corp.Product Competitor9.68B10.7911.60384.69%24.23%7.32%0.01
TWO logoTWOTwo Harbors Investment Corp.Product Competitor1.29B12.25-2.81-28.4%-44.82%-19.11%4.79

Compare RWTN vs Peers

Redwood Trust, Inc. 9.125% Seni (RWTN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RWT

Most directly comparable listed peer for RWTN.

Scale Benchmark

vs NLY

Larger-name benchmark to compare RWTN against a more recognizable public peer.

Peer Set

Compare Top 5

vs RWT, MFA, MITT, IVR

RWTN Income Statement

Redwood Trust, Inc. 9.125% Seni (RWTN) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue239.18M216.17M327.17M-318.03M539.6M-22.1M158.6M242.5M274.78M
Revenue Growth %-7.85%-9.62%51.35%-197.21%269.67%-104.1%817.51%52.9%13.31%
Property Operating Expenses0000000028.3M
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 Expenses87.02M85.49M105.73M108.65M161.41M133.91M126.3M134.39M273.15M
G&A Expenses77.16M75.3M105.73M108.65M161.41M133.91M126.3M134.39M153.95M
EBITDA00221.45M-426.68M378.2M-156.01M32.3M108.1M-26.77M
EBITDA Margin %0%0%67.68%134.16%70.09%705.81%20.37%44.58%-9.74%
Depreciation & Amortization-152.16M-130.69M0000000
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 Expense0000000842.56M18.1M
Interest Coverage-------0.13x-1.48x
Non-Operating Income00221.45M-426.68M378.2M-156.01M32.3M108.1M100K
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 Tax11.75M11.09M7.44M-4.61M18.48M-19.92M1.64M18.84M25.18M
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-0.15-0.131.37-4.952.48-1.140.220.50-0.62
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)1.601.341.46-5.122.37-1.43-0.110.32-0.62
Diluted Shares Outstanding101.98M110.03M136.78M113.94M142.07M117.23M116.28M132.14M113.07M

RWTN Balance Sheet

Redwood Trust, Inc. 9.125% Seni (RWTN) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets7.04B11.94B18B10.36B14.71B13.03B14.5B18.26B23.7B
Asset Growth %28.38%69.57%50.75%-42.46%42.03%-11.4%11.31%25.88%29.81%
Real Estate & Other Assets6.83B11.7B17.58B9.81B14.17B12.65B14.11B-147.27M711.63M
PP&E (Net)2.65M5.11M16.77M19.21M27.79M28.79M20.36M13.84M0
Investment Securities000000001000K
Total Current Assets144.66M175.76M196.97M461.26M450.49M258.89M293.1M0256M
Cash & Equivalents144.66M175.76M196.97M461.26M450.49M258.89M293.1M312.93M256M
Receivables00000001000K0
Other Current Assets0000000-526.87M0
Intangible Assets63.6M60.28M115.01M65.68M54M66.31M53.34M00
Total Liabilities5.83B10.59B16.17B9.24B13.32B11.95B13.3B17.07B22.72B
Total Debt3.74B7.98B13.47B8.53B10.89B9.72B11.49B16.75B22.29B
Net Debt3.59B7.81B13.27B8.06B10.44B9.46B11.2B16.43B22.04B
Long-Term Debt3.74B7.98B13.47B8.53B10.89B9.72B11.49B15.19B22.29B
Short-Term Borrowings00000001.55B3.28B
Capital Lease Obligations00000007.32M0
Total Current Liabilities42.46M62.3M98.9M64.76M118.31M83.28M86.42M00
Accounts Payable000000000
Deferred Revenue000000000
Other Liabilities2.05B2.54B2.6B653.26M2.31B2.14B1.72B-15.2B427M
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 Equity1.21B1.35B1.83B1.11B1.39B1.08B1.2B1.19B983M
Minority Interest000000000
Common Stock766K849K1.14M1.12M1.15M1.14M1.31M1.32M1.25M
Additional Paid-in Capital00000002.5B2.46B
Retained Earnings-547.57M-524.77M-485.04M-1.15B-922.93M-1.2B-1.3B-1.34B-1.52B
Preferred Stock00000068.43M66.95M66.95M
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 / Assets53.12%66.87%74.85%82.34%74.08%74.59%79.24%91.72%94.05%
Debt / Equity3.08x5.92x7.37x7.67x7.86x8.97x9.54x14.10x22.68x
Net Debt / EBITDA--59.93x-27.62x-346.71x152.02x-
Book Value per Share11.8912.2613.369.759.769.2510.368.998.69

RWTN Cash Flow Statement

Redwood Trust, Inc. 9.125% Seni (RWTN) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'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 Income140.41M119.6M164.39M-583.84M308.98M-167.85M-6.27M54M0
Depreciation & Amortization1.21M1.31M18.64M17.36M32.09M29.89M27.28M11.92M0
Stock-Based Compensation10.38M13.74M0000025.02M0
Other Non-Cash Items-1.85B-1.7B-1.27B-171.87M-6.01B35.42M-1.99B-5.91B-10.18B
Working Capital Changes-17.56M-41.85M-78.71M232.87M-22.87M-36.59M-51.49M-40.71M85.54M
Cash from Investing280.38M-12.75M1.03B4.07B1.4B213.89M908.72M2.54B4.53B
Acquisitions (Net)0-237.65M-455.34M00-40.64M000
Purchase of Investments00-707.45M-292.05M-330.54M-15.01M-9.86M00
Sale of Investments00995.54M976.85M184.74M135.05M200.81M010.96B
Other Investing280.38M224.9M1.19B3.39B1.55B134.47M717.76M2.54B-6.43B
Cash from Financing1.36B1.68B225.47M-3.31B4.28B-276.87M1.15B3.27B5.7B
Dividends Paid-88.3M-96.8M-129.45M-83.98M-91.67M-111.67M-93.58M-99.91M-98.97M
Common Dividends-88.3M-96.8M00000-99.91M0
Debt Issuance (Net)00-1000K-1000K1000K-1000K1000K1000K1000K
Share Repurchases-12.55M-21.15M0-21.66M0-56.5M0-5.01M-51.83M
Other Financing1.45B1.78B-7.58M-84.68M4.74M-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 Effect000010000
Cash at Beginning221.47M146.81M205.08M290.83M544.45M531.48M329.36M368.79M312.93M
Cash at End146.81M205.08M290.83M544.45M531.48M329.36M368.79M312.93M449.11M
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%

RWTN Key Ratios

Redwood Trust, Inc. 9.125% Seni (RWTN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
FFO per Share-0.18-0.15-0.131.37-4.952.48-1.140.220.5-0.62
FFO Payout Ratio-504.05%-573.97%-652.22%68.92%0%26.07%0%374.15%151.56%0%
NOI Margin100%100%100%100%100%100%100%100%100%89.7%
Net Debt / EBITDA---59.93x-27.62x-346.71x152.02x-
Debt / Assets61.9%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 / Share11.7411.8912.2613.369.759.769.2510.368.998.69
Revenue Growth21.14%-7.85%-9.62%51.35%-197.21%269.67%-104.1%817.51%52.9%13.31%

RWTN SEC Filings & Documents

Redwood Trust, Inc. 9.125% Seni (RWTN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Apr 29, 2026·SEC

Material company update

Mar 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 9, 2025·SEC

RWTN Frequently Asked Questions

Redwood Trust, Inc. 9.125% Seni (RWTN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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.

Dividend & Returns

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.

Industry Metrics

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.

Explore More RWTN

Redwood Trust, Inc. 9.125% Seni (RWTN) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screener
  • Themes
  • Market Valuation
  • Valuation
  • Compare
  • Total Return
  • DCA Calculator
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Follow @VCPScanner on X

Get weekly stock ideas — free

© 2026 VCP Scanner. All rights reserved.
About·Privacy Policy·Terms of Service
Not financial advice. Do your own research.