Redwood Trust Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	255.66	245.17	293.1	258.89	450.49
Long-Term Investments	1,157	961.47	758.76	631.87	485.4
Trading Asset Securities	105.6	239.75	54.64	129.16	197.09
Loans & Lease Receivables	21,552	14,839	11,605	10,225	10,653
Other Receivables	-	185.63	136.37	100.92	130.32
Property, Plant & Equipment	-	13.84	20.36	28.79	27.79
Goodwill	23.37	23.37	23.37	23.37	-
Other Intangible Assets	10.62	50.64	53.34	66.31	54
Restricted Cash	193.45	67.76	75.68	70.47	81
Other Current Assets	-	28.31	33.41	13.8	7.27
Long-Term Deferred Tax Assets	-	27.15	40.12	41.93	20.87
Other Long-Term Assets	402.9	325.75	318.94	295.06	395.8
Total Assets	23,701	18,258	14,504	13,031	14,707
Non-Interest Bearing Deposits	-	6.8	4.99	4.23	8.27
Total Deposits	-	6.8	4.99	4.23	8.27
Accrued Expenses	-	116.06	86.42	83.28	118.31
Short-Term Debt	-	23.66	33.83	2,047	2,181
Current Portion of Leases	-	3.71	-	-	-
Long-Term Debt	22,291	16,733	13,051	9,720	10,894
Long-Term Leases	-	7.32	14.73	18.56	20.96
Other Current Liabilities	-	22.49	2.41	9.25	27.48
Other Long-Term Liabilities	427.09	155.88	106.78	64.88	70.77
Total Liabilities	22,718	17,069	13,300	11,947	13,321
Common Stock	1.25	1.33	1.32	1.14	1.15
Additional Paid-In Capital	2,463	2,504	2,488	2,350	2,317
Retained Earnings	-1,517	-1,341	-1,295	-1,198	-922.93
Comprehensive Income & Other	-31.67	-43.07	-57.96	-68.87	-8.93
Total Common Equity	915.67	1,121	1,136	1,084	1,386
Shareholders' Equity	982.62	1,189	1,204	1,084	1,386
Total Liabilities & Equity	23,701	18,258	14,504	13,031	14,707
Total Debt	22,291	16,768	13,100	11,785	13,096
Net Cash (Debt)	-21,930	-16,283	-12,752	-11,397	-12,448
Net Cash Per Share	-168.37	-123.22	-109.66	-97.22	-87.62
Filing Date Shares Outstanding	124.46	132.86	131.58	113.59	120.17
Total Common Shares Outstanding	124.46	132.52	131.49	113.48	114.89
Working Capital	22,107	16,683	13,162	9,800	11,388
Book Value Per Share	7.36	8.46	8.64	9.55	12.06
Tangible Book Value	881.67	1,078	1,084	1,020	1,345
Tangible Book Value Per Share	7.08	8.14	8.24	8.99	11.70

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.