Redwood Trust, Inc. (RWT)

Redwood Trust Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-91.68	-70.03	54	-2.27	-163.52	319.61
Depreciation & Amortization	9.58	10.06	11.92	14.85	15.92	16.78
Stock-Based Compensation	18.28	17.17	20.74	19.06	23.94	18.9
Net Change in Loans Held-for-Sale	-12,595	-10,171	-5,762	-1,987	-405.96	-5,723
Other Adjustments	121.69	33.52	-171.01	-8.53	427.07	-304.46
Changes in Accrued Interest and Accounts Receivable	-	103.64	-40.71	-41.16	42.59	-64.84
Changes in Accounts Payable	-	-18.1	24.2	-10.33	-79.18	41.97
Changes in Accrued Expenses	-92.96	-	-	-	-	-
Changes in Other Operating Activities	-79.79	-	-	-	-	-
Operating Cash Flow	-12,650	-10,095	-5,863	-2,016	-139.14	-5,695
Net Change in Loans Held-for-Investment	4,730	4,413	2,789	722.77	138.88	1,517
Net Change in Securities and Investments	109.88	143.96	-223.47	135.18	49.46	39.87
Payments for Business Acquisitions	-	-	-	-	-40.64	-
Other Investing Activities	-0.06	-25.14	-27.52	50.77	66.19	-152.91
Investing Cash Flow	5,102	4,532	2,538	908.72	213.89	1,404
Short-Term Debt Issued	-	-	-	-	-	13,235
Short-Term Debt Repaid	-	-	-	-	-	-11,405
Net Short-Term Debt Issued (Repaid)	-	-	-	-	-	1,831
Long-Term Debt Issued	33,291	26,375	15,334	6,171	8,417	5,927
Long-Term Debt Repaid	-25,610	-20,491	-11,942	-5,107	-8,565	-3,411
Net Long-Term Debt Issued (Repaid)	7,681	5,884	3,391	1,064	-148.37	2,516
Issuance of Common Stock	0.42	0.43	0.46	124.47	68.04	21.94
Repurchase of Common Stock	-52.95	-51.83	-	-	-56.5	-
Net Common Stock Issued (Repurchased)	-52.53	-51.4	0.46	124.47	11.54	21.94
Issuance of Preferred Stock	-	-	-	66.95	-	-
Net Preferred Stock Issued (Repurchased)	-	-	-	66.95	-	-
Common Dividends Paid	-98.38	-98.97	-92.9	-88.38	-111.67	-91.67
Preferred Share Dividends Paid	-7.02	-7.02	-7.02	-5.2	-	-
Other Financing Activities	-28.17	-28.23	-23.62	-15.42	-28.36	0.65
Financing Cash Flow	7,496	5,699	3,268	1,147	-276.87	4,278
Net Cash Flow	-51.78	136.18	-55.86	39.42	-202.12	-12.97
Free Cash Flow	-12,650	-10,095	-5,863	-2,016	-139.14	-5,695
FCF Margin	-7571.89%	-5691.22%	-2281.92%	-1217.06%	1925.81%	-1050.69%
Free Cash Flow Per Share	-98.56	-77.50	-44.37	-17.34	-1.19	-40.08
Levered Free Cash Flow	7,419	5,903	3,434	1,019	-332.56	4,660
Unlevered Free Cash Flow	-163.17	95.6	-4.6	-36.64	-20.67	-6.08

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

SEC Filings: 10-K · 10-Q