Redwood Trust, Inc. 9.125% Seni (RWTN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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RWTN Revenue Growth
RWTN Revenue Analysis (2014–2025)
As of May 8, 2026, Redwood Trust, Inc. 9.125% Seni (RWTN) generated trailing twelve-month (TTM) revenue of $977.2 million, reflecting explosive growth of +184.3% year-over-year. The most recent quarter (Q4 2025) recorded $87.8 million in revenue, down 72.0% sequentially.
Looking at the longer-term picture, RWTN's historical revenue data shows various trends over time. The company achieved its highest annual revenue of $539.6 million in 2021.
When compared to Real Estate sector peers including RWT (+338.5% YoY), MFA (+137.8% YoY), and MITT (+16.1% YoY), RWTN has underperformed the peer group in terms of revenue growth. Compare RWTN vs RWT →
RWTN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RWTNCurrent | $977M | +184.3% | - | -9.7% | |
 RWT | $1.1B | +338.5% | - | 95.3% | |
 MFA | $875M | +137.8% | - | 78.8% | |
 MITT | $473M | +16.1% | - | 96.9% | |
 IVR | $340M | +0.7% | - | 94.5% | |
 CIM | $821M | +61.5% | +29.4% | 93.2% |
RWTN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $274.8M | +13.3% | $246.5M | 89.7% | $-26,668,000 | -9.7% |
| 2024 | $242.5M | +52.9% | $242.5M | 100.0% | $108.1M | 44.6% |
| 2023 | $158.6M | +817.5% | $158.6M | 100.0% | $32.3M | 20.4% |
| 2022 | $-22,104,000 | -104.1% | $-22,104,000 | 100.0% | $-156,011,999 | 705.8% |
| 2021 | $539.6M | +269.7% | $539.6M | 100.0% | $378.2M | 70.1% |
| 2020 | $-318,034,000 | -197.2% | $-318,034,000 | 100.0% | $-426,684,000 | 134.2% |
| 2019 | $327.2M | +51.3% | $327.2M | 100.0% | $221.4M | 67.7% |
| 2018 | $216.2M | -9.6% | $216.2M | 100.0% | $130.7M | 60.5% |
| 2017 | $239.2M | -7.8% | $239.2M | 100.0% | $152.2M | 63.6% |
| 2016 | $259.5M | +21.1% | $259.5M | 100.0% | $145.1M | 55.9% |
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Start ComparisonRWTN — Frequently Asked Questions
Quick answers to the most common questions about buying RWTN stock.
Is RWTN's revenue growth accelerating or slowing?
RWTN revenue is accelerating at +184.3% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $977M. Growth momentum has increased versus prior periods.
What is RWTN's long-term revenue growth rate?
Redwood Trust, Inc. 9.125% Seni's 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +184.3% is above this long-term average.
How is RWTN's revenue distributed by segment?
RWTN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.