Redwood Trust financials
$3.85+4.34%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | $1.14B | $1.10B | $1.14B |
| Gross profit | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | $1.14B | $1.10B | $1.14B |
| Gross margin | — | — | — | — | — | — | — | 100.0% | 100.0% | 100.0% |
| Operating income | -$222.2M | -$184.1M | -$166.3M | -$176.2M | -$203.9M | -$235.0M | -$131.7M | $330.3M | $341.5M | $335.7M |
| Net income | -$82.7M | $42.6M | -$13.0M | -$167.9M | $309.0M | -$583.8M | $164.4M | $211.7M | $279.9M | $201.3M |
| Net margin | — | — | — | — | — | — | — | 18.6% | 25.4% | 17.6% |
| Diluted EPS | $-0.63 | $0.32 | $-0.11 | $-1.43 | $2.37 | $-5.12 | $1.46 | $2.18 | $2.87 | $2.03 |
| EBITDA | -$194.0M | -$159.5M | -$144.3M | -$148.5M | -$170.9M | -$209.1M | -$111.6M | $350.3M | $360.2M | $357.2M |
| Operating cash flow | -$10.09B | -$5.86B | -$2.02B | -$139.1M | -$5.69B | -$505.5M | -$1.17B | $189.6M | $387.4M | $260.9M |
| Free cash flow | -$10.09B | -$5.86B | -$2.02B | -$139.1M | -$5.69B | — | — | $172.3M | $377.6M | $248.1M |
| Diluted shares | 130.3M | 132.1M | 116.3M | 117.2M | 142.1M | 113.9M | 136.8M | 96.9M | 97.4M | 99.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $255.7M | $245.2M | $293.1M | $258.9M | $450.5M | $461.3M |
| Short-term investments | $752.9M | $995.0M | $678.2M | $643.9M | $570.2M | $344.1M |
| Total debt | $22.29B | $16.73B | $13.05B | $11.75B | $13.07B | $9.05B |
| Total assets | $23.70B | $18.26B | $14.50B | $13.03B | $14.71B | $10.36B |
| Total liabilities | $22.72B | $17.07B | $13.30B | $11.95B | $13.32B | $9.24B |
| Shareholders' equity | $982.6M | $1.19B | $1.20B | $1.08B | $1.39B | $1.11B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology