Redwood Trust Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Net Interest Income	89.47	82.7	102.61	92.94	155.45	148.18
Net Interest Income Growth	-15.86%	-19.41%	10.40%	-40.21%	4.91%	19.58%
Non-Interest Income	77.99	94.67	154.3	72.69	-162.68	393.8
Non-Interest Income Growth	-51.23%	-38.65%	112.28%	-	-	-
Revenues Before Loan Losses	167.46	177.37	256.91	165.63	-7.23	541.98
Revenue	167.46	177.37	256.91	165.63	-7.23	541.98
Revenue Growth (YoY)	-37.10%	-30.96%	55.11%	-	-	-
Selling, General & Admin	165.83	153.95	136.39	128.3	140.91	165.22
Other Non-Interest Expenses	76.88	68.27	47.68	37.98	35.31	38.67
Total Non-Interest Expense	242.71	222.21	184.07	166.27	176.22	203.89
Pretax Income	-75.26	-44.84	72.84	-0.64	-183.44	338.09
Provision for Income Taxes	16.41	-25.19	-18.84	-1.64	19.92	-18.48
Net Income	-98.69	-77.04	46.99	-8.96	-163.52	319.61
Net Income Attributable to Preferred Dividends	7.02	7.02	7.02	6.68	-	-
Net Income to Common	-98.69	-77.04	46.99	-8.96	-163.52	319.61
Shares Outstanding (Basic)	128	130	132	116	117	113
Shares Outstanding (Diluted)	128	130	132	116	117	142
Shares Change (YoY)	-3.06%	-1.43%	13.64%	-0.81%	-17.49%	24.69%
EPS (Basic)	-0.78	-0.63	0.32	-0.11	-1.43	2.73
EPS (Diluted)	-0.78	-0.63	0.32	-0.11	-1.43	2.37
Shares Outstanding	125.02	124.46	132.52	131.49	113.49	114.89
Free Cash Flow	-12,650	-10,095	-5,863	-2,016	-139.14	-5,695
Free Cash Flow Per Share	-98.56	-77.50	-44.37	-17.34	-1.19	-40.08
Dividends Per Share	0.720	0.720	0.670	0.710	0.920	0.780
Dividend Growth	-	7.46%	-5.63%	-22.83%	17.95%	7.59%
Profit Margin	-54.74%	-39.48%	21.02%	-1.37%	2263.25%	58.97%
FCF Margin	-7553.81%	-5691.22%	-2281.92%	-1217.06%	1925.81%	-1050.69%
EBITDA	9.58	10.06	11.92	14.85	15.92	16.78
EBITDA Margin	5.72%	5.67%	4.64%	8.97%	-220.37%	3.10%
Effective Tax Rate	-21.81%	56.17%	-25.86%	255.87%	-10.86%	-5.47%

SEC Filings: 10-K · 10-Q