RWT - NYSE

Redwood Trust, Inc.

RWT·NYSE

$5.22

-2.8%

Real EstateREIT - Mortgage

Redwood 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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$653.63M

EPS-0.6300

P/E Ratio-8.29

Earnings Date07/29/2026

23.70B

Assets

30%

3Y+82.0%

5Y+129.0%

10Y+332.0%

22.72B

Total Liabilities

33%

3Y+90.0%

5Y+146.0%

10Y+424.0%

982.62M

Total Equity

-17%

3Y-9.0%

5Y-12.0%

10Y-81.0%

Redwood Trust, Inc. Funding & Solvency Profile

RWT · NYSE

Current Assets

Cash & Cash Equivalents255.66M

Net Receivables130.96M

Inventory0.00

Other Current Assets193.45M

Total Current Assets1 B

Non-Current Assets

Property, Plant & Equipment15.90M

Goodwill & Intangible Assets34.00M

Long-Term Investments22.39B

Other Non-Current Assets243.69M

Total Non-Current Assets23 B

Total Assets

23.70B

Financial Health Analysis

Current Ratio

0.28x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

23.12x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-2549255000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

4% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Redwood Trust, Inc. Balance Sheet

RWT • NYSE

Redwood Trust, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	255.7M	245.2M	293.1M	258.9M	450.5M	461.3M	197M	176M	145M	213M	220.2M	270M	173M	81.1M	267.2M	46.9M	242.8M	126M	290.4M	168M
Short-Term Investments	423M	211.5M	87.4M	132.1M	206.8M	218.5M	239.3M	12K	-337K	-156K	0.0	4.7M	201K	0.0	0.0	0.0	0.0	232.5M	0.0	0.0
Cash & Short-Term Investments	678.7M	456.6M	380.5M	391M	657.3M	679.5M	436.3M	175.8M	144.7M	212.8M	220.2M	274.7M	173.2M	81.1M	267.2M	46.9M	242.8M	126.5M	290.4M	168M
Net Receivables	131M	213.9M	169.8M	114.7M	137.6M	87.4M	304.2M	154.8M	113.2M	88.4M	110.4M	84.7M	44.6M	80.8M	94.3M	13.8M	18.2M	31.4M	45.6M	70.8M
Accounts Receivables	131M	115.8M	69.1M	60.9M	47.5M	39.4M	71.1M	47.1M	27M	18.5M	23.3M	18.2M	13.5M	12.4M	15.8M	13.8M	18.2M	31.4M	45.6M	70.8M
Other Receivables	0.0	98.1M	100.7M	53.8M	90.1M	47.9M	233.1M	107.7M	86.2M	69.9M	87.1M	66.5M	31.1M	68.3M	78.5M	0.0	0.0	0.0	0.0	0.0
Inventory	0.0	0.0	0.0	0.0	0.0	8.4M	0.0	3.9M	3.4M	5.5M	4.9M	-128M	-132.3M	-36.1M	0.0	0.0	0.0	0.0	0.0	0.0
Prepaids	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.6M	3.6M	3.4M	1.9M	1.7M	1.7M	0.0	0.0	0.0	0.0	0.0
Other Current Assets	193.4M	-670.6M	-550.3M	-505.8M	-794.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Assets	1B	0.0	0.0	0.0	0.0	0.0	740.5M	175.8M	144.7M	212.8M	5.6M	270K	173K	81.1M	267K	47K	243K	126K	290K	168M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	15.9M	14.2M	20.4M	28.8M	27.8M	19.2M	16.8M	5.1M	2.6M	2.8M	4.1M	3M	1.2M	494K	0.0	0.0	0.0	0.0	0.0	4.4M
Goodwill	23.4M	23.4M	23.4M	23.4M	0.0	0.0	88.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Intangible Assets	10.6M	19M	28.5M	40.9M	41.6M	56.9M	72.8M	60.3M	64M	119M	192M	139M	65M	5.3M	0.0	0.0	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	34M	42.4M	51.8M	64.3M	41.6M	56.9M	161.5M	60.3M	64M	119M	192M	139M	65M	5.3M	0.0	0.0	0.0	0.0	0.0	0.0
Long-Term Investments	22.4B	781M	471.7M	631.4M	826.6M	348M	1.5B	1.9B	1.5B	1B	1.2B	1.4B	1.7B	1.1B	981.8M	1.2B	1.1B	573M	2.2B	3.2B
Tax Assets	12.4M	0.0	0.0	0.0	0.0	0.0	18B	-60.3M	-892K	-35K	0.0	523K	-315K	0.0	0.0	3.5M	4.8M	3.6M	8.9M	5.1M
Other Non-Current Assets	243.7M	-837.6M	-543.9M	-724.5M	-896M	254.3M	-18B	8.4B	-1.5B	-1.1B	-1.4B	2.7B	990.1M	2.1B	-1.1B	-1.1B	-1.1B	-573M	-2.2B	-3.2B
Total Non-Current Assets	22.7B	0.0	0.0	0.0	0.0	424.1M	1.6B	10.3B	68.2M	11.6M	10.6M	4.3B	2.7B	3.2B	-153.5M	33.7M	4.8M	3.6M	8.9M	5.1M
Other Assets	0.0	18.3B	14.5B	13B	14.7B	10.4B	15.6B	1.5B	6.8B	5.3B	6.2B	1.7B	1.9B	1.1B	5.9B	5.1B	5.2B	5.6B	9.9B	12.9B
Total Assets	23.7B	18.3B	14.5B	13B	14.7B	10.4B	18B	11.9B	7B	5.5B	6.2B	5.9B	4.6B	4.4B	5.7B	5.1B	5.3B	5.6B	9.9B	13B
LIABILITIES
CURRENT LIABILITIES
Total Payables	261.9M	222.9M	140.8M	101.6M	114.6M	72.1M	86.3M	58.1M	18.8M	23.5M	20.1M	17.1M	12.4M	7.4M	8.1M	25.5M	25.4M	54.5M	78.1M	69.3M
Accounts Payable	91.5M	77.8M	57.7M	50.8M	47.6M	34.9M	66.1M	42.5M	18.4M	10.8M	13.7M	10.6M	6.4M	4.6M	8.1M	5.9M	6M	29.4M	53.8M	50.6M
Other Payables	170.4M	145.1M	83M	50.8M	67M	37.3M	20.2M	15.6M	390K	12.8M	6.4M	6.5M	6M	2.8M	0.0	19.5M	19.4M	25.1M	24.3M	-50.6M
Accrued Expenses	11.6M	11.1M	5.5M	5.7M	4.4M	5.5M	4.4M	19.8M	24M	4.5M	1.8M	3.3M	4.3M	855K	8.1M	14.3M	71.8M	20.1M	10.4M	50.6M
Short Term Debt	3.3B	1.8B	1.4B	1.9B	2.1B	444.8M	2.3B	1.4B	1.3B	791.5M	1.9B	1.8B	862.8M	551.9M	428.1M	44.1M	0.0	0.0	7.6M	1.9B
Tax Payables	0.0	0.0	0.0	0.0	726K	5.6M	5.3M	423K	0.0	0.0	0.0	0.0	1.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-988.6M	-649.1M	-306.5M	0.0	-175K	-237K	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	0.0	-2B	-1.5B	-2B	-2.2B	18.7M	-2.4B	1.1B	711.8M	85.2M	80.3M	77.6M	40.3M	71.2M	-16.2M	-83.9M	-97.2M	-74.6M	-96.1M	-2B
Total Current Liabilities	3.6B	0.0	0.0	0.0	0.0	629.5M	2.4B	2.6B	2.1B	939.9M	2B	1.9B	944M	635M	572M	178M	198M	275M	178M	1.9B
NON-CURRENT LIABILITIES
Long Term Debt	18.9B	14.6B	11.5B	9.6B	10.8B	8.4B	13.3B	8B	3.7B	3.4B	3.1B	2.7B	2.4B	2.7B	4.3B	3.9B	4.1B	5B	10.5B	10.1B
Deferred Revenue (Non-Current)	32M	5.1M	0.0	0.0	0.0	0.0	16.2B	1.5M	-392K	145K	0.0	-314K	429K	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	5.2M	9M	11.8M	898K	0.0	10.2M	7.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	249.8M	-14.6B	-11.5B	-9.6B	-10.8B	71.8M	-13.3B	-8B	-3.8B	-3.4B	-3.1B	-2.7B	73.2M	-2.7B	-4.3B	-3.9B	-4.1B	-5B	-10.5B	-10.1B
Total Non-Current Liabilities	19.2B	0.0	0.0	0.0	0.0	8.5B	13.5B	8B	3.7B	3.4B	3.1B	2.7B	2.4B	2.7B	4.3B	3.9B	4.1B	5B	10.5B	10.1B
Other Liabilities	0.0	17.1B	13.3B	11.9B	13.3B	0.0	305.2M	-612K	465K	-49K	11M	176K	0.0	-66K	-286K	-10.9M	-17.4M	-23M	-249K	-217K
Capital Lease Obligations	10.7M	11M	14.7M	18.6M	21M	13.2M	13.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	22.7B	17.1B	13.3B	11.9B	13.3B	9.2B	16.2B	10.6B	5.8B	4.3B	5.1B	4.7B	3.4B	3.3B	4.9B	4.1B	4.3B	5.3B	10.7B	12B
SHAREHOLDERS' EQUITY
Preferred Stock	66.9M	66.9M	66.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	809.4M
Common Stock	1.2M	1.3M	1.3M	1.1M	1.1M	1.1M	1.1M	849K	766K	768K	782K	834K	825K	817K	786K	781K	777K	336K	324K	267K
Additional Paid-In Capital	2.5B	2.5B	2.5B	2.3B	2.3B	2.3B	2.3B	1.8B	1.7B	1.7B	1.7B	1.8B	1.8B	1.7B	1.7B	1.7B	1.7B	1.1B	1.1B	903.8M
Retained Earnings	-1.5B	1.2B	1.1B	1.2B	1.3B	-1.2B	-485M	-524.8M	-547.6M	-599.7M	-642.5M	-659.4M	-664.7M	-743.5M	-793M	-738.2M	-768.3M	-791M	-299.6M	809M
Accumulated Other Comprehensive Income/Loss	-31.7M	-43.1M	-58M	-68.9M	-8.9M	-4.2M	41.5M	61.3M	85.2M	71.9M	92M	140.7M	148.8M	138.3M	-13.2M	112.3M	64.9M	-56.9M	-1.5B	-710.4M
Other Total Stockholders' Equity	0.0	-2.5B	-2.4B	-2.4B	-2.2B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	803.6M
Total Stockholders' Equity	982.6M	1.2B	1.2B	1.1B	1.4B	1.1B	1.8B	1.3B	1.2B	1.1B	1.1B	1.3B	1.2B	1.1B	892.6M	1.1B	971.7M	302M	-718.3M	1B
Total Equity	982.6M	1.2B	1.2B	1.1B	1.4B	1.1B	17.3B	11.5B	6.7B	5.1B	1.1B	1.3B	1.2B	1.1B	892.6M	1.1B	989.1M	325M	-718.3M	1B
Minority Interest	0.0	0.0	0.0	0.0	0.0	0.0	15.5B	10.2B	5.5B	4B	0.0	0.0	0.0	0.0	0.0	10.8M	17.4M	23M	0.0	0.0
SUMMARY
Total Liabilities & Equity	23.7B	18.3B	14.5B	13B	14.7B	10.4B	18B	11.9B	7B	5.5B	6.2B	5.9B	4.6B	4.4B	5.7B	5.1B	5.3B	5.6B	9.9B	13B
Total Investments	22.8B	992.5M	559.1M	763.6M	1B	566.5M	1.7B	1.9B	1.5B	1B	1.2B	1.4B	1.7B	1.1B	981.8M	1.2B	1.1B	805.5M	2.2B	3.2B
Total Debt	22.2B	16.4B	12.8B	11.5B	12.9B	8.8B	15.8B	10.4B	5.7B	4.2B	4.9B	4.5B	3.3B	3.2B	4.7B	3.9B	4.1B	5B	10.5B	11.9B
Net Debt	21.9B	16.1B	12.6B	11.2B	12.4B	8.4B	15.6B	10.2B	5.5B	4B	4.7B	4.3B	3.1B	3.1B	4.4B	3.9B	3.8B	4.9B	10.2B	11.8B
Shares Outstanding	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078	131,696,078

SEC Filings

RWT - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 20, 2026	May 19, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 31, 2026	May 19, 2026	2026	View Filing

Showing 1 to 2 of 2 filings

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