RWT - NYSE
Redwood Trust, Inc.
$5.22
-2.8%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.
At a Glance
Live SnapshotRedwood Trust, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Interest or tax burden: Strong operational performance but thin net margins indicate high interest expenses or unfavorable tax position eating into profits.
Redwood Trust, Inc. Income Statement
RWT • NYSE
| Redwood Trust, Inc. Income Statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
1.1B | 242.5M | 158.6M | -22.1M | 539.6M | -318M | 327.2M | 216.2M | 239.2M | 259.5M | 214.3M | 213.2M | 270.8M | 178.7M | 89.1M | 189.3M | 131.4M | 161M | 216.6M | 901.6M | |
GROSS PROFIT | ||||||||||||||||||||
(48.4M) | (33.6M) | (21.7M) | (19.7M) | (22M) | (12.7M) | (9.9M) | (7.5M) | (0.0) | (14.8M) | (11.9M) | (9.8M) | (10.1M) | (9.8M) | (0.0) | (0.0) | (0.0) | (1.2M) | (0.0) | (1.2M) | |
1.1B | 208.9M | 136.9M | -41.8M | 517.6M | -330.8M | 317.2M | 208.7M | 239.2M | 244.7M | 202.3M | 203.5M | 260.7M | 168.9M | 89.1M | 189.3M | 131.4M | 161M | 216.6M | 206M | |
OPERATING INCOME | ||||||||||||||||||||
(3.2M) | (134.4M) | (126.3M) | (133.9M) | (161.4M) | (108.7M) | (105.7M) | (75.3M) | (77.2M) | (60.3M) | (80.4M) | (76.3M) | (76.5M) | (35.9M) | (89.1M) | (189.3M) | (116M) | -333.5M | (710M) | (206M) | |
(0.0) | (134.4M) | (126.3M) | (133.9M) | (161.4M) | (108.7M) | (105.7M) | (75.3M) | (77.2M) | (60.3M) | (80.4M) | (76.3M) | (69.1M) | (51.5M) | (43.6M) | (49.8M) | (0.0) | (0.0) | (0.0) | (0.0) | |
1.1B | 74.5M | 10.6M | -175.7M | 356.2M | -439.4M | 211.5M | 133.4M | 162M | 184.4M | 121.9M | 127.2M | 200.2M | 111.3M | 34.7M | 120.8M | 83.2M | -82.3M | -451.7M | 137.5M | |
PRE-TAX INCOME | ||||||||||||||||||||
(1.1B) | (842.6M) | (631.5M) | (552M) | (427M) | (448M) | (480M) | (239M) | (109M) | (88.5M) | (95.9M) | (87M) | (81M) | (120.8M) | (99M) | (84.7M) | (132M) | (416M) | (658.2M) | (701.7M) | |
82.7M | 102.6M | 92.9M | 155.5M | 148.2M | 123.9M | 142.5M | 139.7M | 139.2M | 157.8M | 163.5M | 154.6M | 145.2M | 110.7M | 118.2M | 145.4M | 155.9M | 150.9M | 210.2M | 183.5M | |
(3.2M) | (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) | (45.6M) | (139.5M) | (116M) | -333.5M | (710M) | (206M) | |
-1.1B | -1.7M | -11.2M | -7.7M | -18.1M | -147M | -34.9M | -2.7M | -9.9M | -49.5M | -30.2M | -25.9M | -16M | 21.8M | -9.5M | -10.2M | -49.6M | -367.2M | -651.8M | 0.0 | |
-44.8M | 72.8M | -639K | -183.4M | 338.1M | -586.5M | 176.6M | 130.7M | 152.2M | 135M | 91.7M | 101.3M | 184.2M | 133.1M | 25.2M | 111.5M | 34.8M | -449.5M | -1.1B | 137.5M | |
NET INCOME | ||||||||||||||||||||
(25.2M) | (18.8M) | (1.6M) | -19.9M | (18.5M) | -4.6M | (7.4M) | (11.1M) | (11.8M) | (3.7M) | -10.3M | (744K) | (10.9M) | (1.3M) | (42K) | (280K) | -4.3M | -3.2M | (5.2M) | (10M) | |
-70M | 54M | -2.3M | -163.5M | 319.6M | -581.8M | 169.2M | 119.6M | 140.4M | 131.3M | 102.1M | 100.6M | 168.3M | 127.9M | 26.3M | 110.1M | 39.2M | -444.4M | -1.1B | 127.5M |
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 | |
DEF 14A DEF 14A 2026 N/A | March 31, 2026 | May 19, 2026 | 2026 |
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