Redwood Trust Income Statement

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
Net Interest Income	82.7	102.61	92.94	155.45	148.18
Net Interest Income Growth	-19.41%	10.40%	-40.21%	4.91%	19.58%
Non-Interest Income	94.67	154.3	72.69	-162.68	393.8
Non-Interest Income Growth	-38.65%	112.28%	-	-	-
Revenues Before Loan Losses	177.37	256.91	165.63	-7.23	541.98
Revenue	177.37	256.91	165.63	-7.23	541.98
Revenue Growth (YoY)	-30.96%	55.11%	-	-	-
Selling, General & Admin	153.95	136.39	128.3	140.91	165.22
Other Non-Interest Expenses	68.27	47.68	37.98	35.31	38.67
Total Non-Interest Expense	222.21	184.07	166.27	176.22	203.89
Pretax Income	-44.84	72.84	-0.64	-183.44	338.09
Provision for Income Taxes	-25.19	-18.84	-1.64	19.92	-18.48
Net Income	-77.04	46.99	-8.96	-163.52	319.61
Net Income Attributable to Preferred Dividends	7.02	7.02	6.68	-	-
Net Income to Common	-77.04	46.99	-8.96	-163.52	319.61
Shares Outstanding (Basic)	130	132	116	117	113
Shares Outstanding (Diluted)	130	132	116	117	142
Shares Change (YoY)	-1.43%	13.64%	-0.81%	-17.49%	24.69%
EPS (Basic)	-0.63	0.32	-0.11	-1.43	2.73
EPS (Diluted)	-0.63	0.32	-0.11	-1.43	2.37
Free Cash Flow	-10,095	-5,863	-2,016	-139.14	-5,695
Free Cash Flow Per Share	-77.50	-44.37	-17.34	-1.19	-40.08
Dividends Per Share	0.720	0.670	0.710	0.920	0.780
Dividend Growth	7.46%	-5.63%	-22.83%	17.95%	7.59%
Profit Margin	-39.48%	21.02%	-1.37%	2263.25%	58.97%
FCF Margin	-5691.22%	-2281.92%	-1217.06%	1925.81%	-1050.69%
EBITDA	10.06	11.92	14.85	15.92	16.78
EBITDA Margin	5.67%	4.64%	8.97%	-220.37%	3.10%
Effective Tax Rate	56.17%	-25.86%	255.87%	-10.86%	-5.47%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q