Redwood Trust Balance Sheet

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
Cash & Equivalents	294.7	449.11	312.93	368.79	329.36	531.48
Securities and Investments	476.39	423.02	405.22	127.8	240.48	377.41
Trading Assets	154.88	105.6	46	14.21	20.83	26.47
Other Earning Assets	341.1	329.88	589.79	550.44	403.46	192.74
Gross Loans	24,610	21,552	16,090	12,696	11,370	12,857
Net Loans	24,610	21,552	16,090	12,696	11,370	12,857
Other Intangible Assets	299.7	302.23	297.68	-	40.89	41.56
Goodwill	23.37	23.37	23.37	23.37	23.37	-
Long-Term Investments	106.73	101.96	78.12	343.93	390.94	449.23
Other Non-Earning Assets	508.5	413.52	415.72	379.57	211.24	231.12
Total Assets	26,816	23,701	18,258	14,504	13,031	14,707
Short-Term Borrowings	-	-	-	-	2,030	2,177
Trading Liabilities	156.24	28.15	23.66	33.83	16.86	3.32
Accrued Expenses	417.66	398.94	313.74	216.8	180.2	245.79
Long-Term Debt	25,285	22,291	16,733	13,051	9,720	10,894
Total Liabilities	25,859	22,719	17,071	13,302	11,947	13,321
Preferred Stock	66.95	66.95	66.95	66.95	-	-
Common Stock	1.25	1.25	1.33	1.32	1.14	1.15
Additional Paid-in Capital	2,468	2,463	2,504	2,488	2,350	2,317
Accumulated Other Comprehensive Income	-31.37	-31.67	-43.07	-57.96	-68.87	-8.93
Retained Earnings	-1,548	-1,517	-1,341	-1,295	-1,198	-922.93
Shareholders' Equity	956.71	982.62	1,188	1,203	1,084	1,386
Total Liabilities & Equity	26,816	23,701	18,258	14,504	13,031	14,707
Total Debt	25,285	22,291	16,733	13,051	9,720	10,894
Net Cash (Debt)	-25,285	-22,291	-16,733	-13,051	-9,720	-10,894
Net Cash Per Share	-197.02	-171.14	-126.63	-112.23	-82.92	-76.68
Book Value	956.71	982.62	1,188	1,203	1,084	1,386
Book Value Per Share	7.45	7.54	8.99	10.34	9.25	9.76
Tangible Book Value	633.64	657.01	866.81	1,179	1,020	1,345
Tangible Book Value Per Share	4.94	5.04	6.56	10.14	8.70	9.46

Updated May 7, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q