Redwood Trust Inc (RWT) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Redwood Trust reported revenue of $1.18B, up 25.2% from $945.2M the year before. Net income was -$70.0M (a -5.9% net margin), or -$0.63 per diluted share. Operating activities generated -$10.09B of cash. At fiscal year end, Redwood Trust held $23.70B in total assets against $22.72B in total liabilities, including $255.7M of cash and equivalents.
Open the full interactive Redwood Trust financials → Quarterly statements, key ratios, valuation history and price charts.
Redwood Trust Key Stats
| Share Price | $3.05 |
|---|---|
| Market Cap | $382.3M |
| Revenue YoY Growth | +25.2% |
| 52-Week Range | $3.05 – $5.95 |
| Shares Outstanding | 125.3 million (basic, 2026 Q2) |
Redwood Trust Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $96.6M | $968.7M | $545.2M | $797.1M | $945.2M | $1.18B |
| Pre-Tax Income | -$586.5M | $338.1M | -$183.4M | -$639,000 | $72.8M | -$44.8M |
| Income Tax | -$4.6M | $18.5M | -$19.9M | $1.6M | $18.8M | $25.2M |
| Net Income | -$581.8M | $319.6M | -$163.5M | -$2.3M | $54.0M | -$70.0M |
| Diluted EPS | -$5.12 | $2.37 | -$1.43 | -$0.11 | $0.32 | -$0.63 |
Redwood Trust Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $299.5M | $327.0M | $356.9M | $385.2M |
| Net Income | -$7.7M | $20.0M | -$5.5M | -$1.1M |
| Diluted EPS | -$0.08 | $0.15 | -$0.07 | -$0.03 |
Redwood Trust Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $461.3M | $450.5M | $258.9M | $293.1M | $245.2M | $255.7M |
| Total Assets | $10.36B | $14.71B | $13.03B | $14.50B | $18.26B | $23.70B |
| Total Long-Term Debt | $8.53B | $1.64B | $1.73B | $1.68B | $16.73B | $22.29B |
| Total Liabilities | $9.24B | $13.32B | $11.95B | $13.30B | $17.07B | $22.72B |
| Shareholders' Equity | $1.11B | $1.39B | $1.08B | $1.20B | $1.19B | $982.6M |
Redwood Trust Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$505.5M | -$5.69B | -$139.1M | -$2.02B | -$5.86B | -$10.09B |
| Cash From Investing | $4.07B | $1.40B | $213.9M | $908.7M | $2.54B | $4.53B |
| Cash From Financing | -$3.31B | $4.28B | -$276.9M | $1.15B | $3.27B | $5.70B |
| Dividends Paid | $84.0M | $91.7M | $111.7M | — | — | — |
Figures from Redwood Trust's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Redwood Trust financials page for every line item.
Redwood Trust Company Profile
| Ticker | RWT |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Mill Valley, California |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000930236 |
Frequently Asked Questions
What was Redwood Trust's revenue in fiscal 2025?
Redwood Trust (RWT) reported revenue of $1.18B for fiscal 2025.
What is Redwood Trust's annual revenue history?
Redwood Trust's annual revenue by fiscal year: 2020: $96.6M; 2021: $968.7M; 2022: $545.2M; 2023: $797.1M; 2024: $945.2M; 2025: $1.18B.
What was Redwood Trust's net income in fiscal 2025?
Redwood Trust reported net income of -$70.0M for fiscal 2025.
What was Redwood Trust's earnings per share (EPS) in fiscal 2025?
Redwood Trust's diluted EPS was -$0.63 for fiscal 2025 (adjusted for any later stock splits).
What was Redwood Trust's revenue last quarter?
In its most recent reported quarter (2026 Q2), Redwood Trust reported revenue of $385.2M.
How much debt does Redwood Trust have?
Redwood Trust reported $22.29B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Redwood Trust are outstanding?
Redwood Trust reported a weighted average of 125.3 million basic shares outstanding in 2026 Q2.
What is Redwood Trust's market cap?
Based on its latest closing price, Redwood Trust (RWT) has a market capitalization of about $382.3M.
When does Redwood Trust's fiscal year end?
Redwood Trust's fiscal year end, as registered with the SEC, is December 31.
Where is Redwood Trust headquartered?
Redwood Trust lists its business address in Mill Valley, California in its SEC filings.