Redwood Trust, Inc. (RWT)
NYSE: RWT · Real-Time Price · USD
4.680
+0.110 (2.41%)
Aug 11, 2026, 4:00 PM EDT - Market closed

Redwood Trust Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
252.98177.37256.91165.63-7.23541.98
Revenue Growth
73.17%-30.96%55.11%---
Net Income
-1.3-77.0446.99-8.96-163.52319.61
Earnings Per Share
-0.05-0.630.32-0.11-1.432.37
EPS Growth
------

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
CoreVest Mortgage Banking
62.5676.0358.0648.0421.77116.46
Redwood Investments
66.9297.5156.97142.9811.77313.17
Legacy Investments
-62.23-130.6611.52-0.18--
Corporate / Other
-29.59-63.55-71.01-55.36-31.94-
Sequoia Mortgage Banking
-198.06101.3730.15-8.82149.14
Total
261.66177.37256.91165.63-7.23541.98

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
291.31449.11312.93368.79329.36531.48
Total Debt
27,47222,29116,73313,0519,72010,894
Net Cash (Debt)
-27,181-21,842-16,420-12,682-9,391-10,363
Net Cash Growth
------
Net Cash Per Share
-215.00-167.70-124.26-109.06-80.11-72.94

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-14,284-10,095-5,863-2,016-139.14-5,695
Free Cash Flow
-14,284-10,095-5,863-2,016-139.14-5,695
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Pretax Margin
7.40%-25.28%28.35%-0.39%2538.96%62.38%
Profit Margin
2.26%-39.48%21.02%-1.37%2263.25%58.97%
FCF Margin
-5646.15%-5691.22%-2281.92%-1217.06%1925.81%-1050.69%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.7200.7200.6700.7100.9200.780
Dividend Per Share Growth
1.41%7.46%-5.63%-22.83%17.95%7.59%
Dividend Yield
15.38%13.74%10.77%10.26%14.09%6.14%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
--20.41--5.57
Forward PE
4.736.388.2810.778.289.54
PS Ratio
2.253.883.375.88-106.182.80