Redwood Trust, Inc. (RWT)

Redwood Trust Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	1,071	945.16	724.46	707.85	574.93	571.92
Total Interest Expense	988.56	854.56	637.52	557.4	427.75	448.01
Net Interest Income	82.88	90.61	86.94	150.45	147.18	123.91
Mortgage Banking	139.83	99.4	67.39	-13.66	235.74	78.47
Gain (Loss) on Sale of Investments	-61.76	51.07	-1.28	-170.56	146.14	-583.8
Other Revenue	-24.71	1.42	5.55	11.66	10.54	63.38
Revenue Before Loan Losses	136.25	242.5	158.6	-22.1	539.6	-318.03
Revenue	136.25	242.5	158.6	-22.1	539.6	-318.03
Revenue Growth (YoY)	-35.06%	52.90%	-	-	-	-
Salaries & Employee Benefits	22.48	25.03	24.85	23.1	19.94	12.44
Cost of Services Provided	164.61	142.96	123.18	130.52	163.44	108.94
Other Operating Expenses	-0.92	-0.33	9.21	0.71	14.32	53.52
Total Operating Expenses	186.17	167.66	157.24	154.34	197.7	174.9
Operating Income	-49.92	74.84	1.36	-176.44	341.9	-492.93
EBT Excluding Unusual Items	-49.92	74.84	1.36	-176.44	341.9	-492.93
Impairment of Goodwill	-	-	-	-	-	-88.68
Other Unusual Items	-	-2	-2	-7	-	-
Pretax Income	-49.92	72.84	-0.64	-183.44	338.09	-586.46
Income Tax Expense	24.21	18.84	1.64	-19.92	18.48	-4.61
Net Income	-74.14	54	-2.27	-163.52	319.61	-581.85
Preferred Dividends & Other Adjustments	12.2	11.41	10.68	4.34	10.64	1.99
Net Income to Common	-86.34	42.6	-12.96	-167.86	308.98	-583.84
Shares Outstanding (Basic)	133	132	116	117	113	114
Shares Outstanding (Diluted)	133	132	116	117	142	114
Shares Change (YoY)	5.81%	13.64%	-0.81%	-17.49%	24.69%	-16.70%
EPS (Basic)	-0.65	0.32	-0.11	-1.43	2.73	-5.12
EPS (Diluted)	-0.66	0.32	-0.11	-1.43	2.37	-5.12
Dividend Per Share	0.710	0.670	0.710	0.920	0.780	0.725
Dividend Growth	10.94%	-5.63%	-22.83%	17.95%	7.59%	-39.58%
Operating Margin	-36.64%	30.86%	0.86%	-	63.36%	-
Profit Margin	-63.37%	17.57%	-8.17%	-	57.26%	-
Effective Tax Rate	-	25.86%	-	-	5.46%	-

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q