Redwood Trust Income Statement

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	Jun '26 Jun 30, 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
Interest and Dividend Income	1,369	1,183	945.16	724.46	707.85	574.93
Total Interest Expense	1,270	1,111	854.56	637.52	557.4	427.75
Net Interest Income	98.71	71.7	90.61	86.94	150.45	147.18
Mortgage Banking	157.23	167.11	99.4	67.39	-13.66	235.74
Gain (Loss) on Sale of Investments	-46.11	-88.37	-2.76	-44.4	-170.56	146.14
Other Revenue	51.74	26.94	69.67	55.7	11.66	10.54
Revenue Before Loan Losses	261.57	177.37	256.91	165.63	-22.1	539.6
Revenue	261.57	177.37	256.91	165.63	-22.1	539.6
Revenue Growth	73.61%	-30.96%	55.11%	-	-	-
Salaries & Employee Benefits	22.51	20.02	25.03	24.85	23.1	19.94
Cost of Services Provided	189.55	180.33	142.96	123.18	130.52	163.44
Other Operating Expenses	25.79	21.86	14.09	16.24	0.71	14.32
Total Operating Expenses	237.85	222.21	182.07	164.27	154.34	197.7
Operating Income	23.72	-44.84	74.84	1.36	-176.44	341.9
EBT Excluding Unusual Items	23.72	-44.84	74.84	1.36	-176.44	341.9
Other Unusual Items	-5	-	-2	-2	-7	-
Pretax Income	18.72	-44.84	72.84	-0.64	-183.44	338.09
Income Tax Expense	13	25.19	18.84	1.64	-19.92	18.48
Net Income	5.72	-70.03	54	-2.27	-163.52	319.61
Preferred Dividends & Other Adjustments	12.55	12.66	11.41	10.68	4.34	10.64
Net Income to Common	-6.83	-82.68	42.6	-12.96	-167.86	308.98
Net Income Growth	-	-	-	-	-	-
Shares Outstanding (Basic)	126	130	132	116	117	113
Shares Outstanding (Diluted)	126	130	132	116	117	142
Shares Change	-4.71%	-1.43%	13.64%	-0.81%	-17.49%	24.69%
EPS (Basic)	-0.05	-0.63	0.32	-0.11	-1.43	2.73
EPS (Diluted)	-0.05	-0.63	0.32	-0.11	-1.43	2.37
EPS Growth	-	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Dividend Per Share	0.720	0.720	0.670	0.710	0.920	0.780
Dividend Growth	1.41%	7.46%	-5.63%	-22.83%	17.95%	7.59%
Operating Margin	9.07%	-25.28%	29.13%	0.82%	-	63.36%
Profit Margin	-2.61%	-46.62%	16.58%	-7.82%	-	57.26%
Effective Tax Rate	69.46%	-	25.86%	-	-	5.46%

SEC Filings: 10-K · 10-Q