REDWOOD MORTGAGE INVESTORS IX Financials

RWDMU

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows REDWOOD MORTGAGE INVESTORS IX (RWDMU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

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We are recalculating REDWOOD MORTGAGE INVESTORS IX's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

3/5

REDWOOD MORTGAGE INVESTORS IX passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.00x

For every $1 of reported earnings, REDWOOD MORTGAGE INVESTORS IX generates $1.00 in operating cash flow ($1.8M OCF vs $1.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.1M

YoY-18.1%

5Y CAGR-4.4%

10Y CAGR+10.7%

REDWOOD MORTGAGE INVESTORS IX generated $5.1M in revenue in fiscal year 2025. This represents a decrease of 18.1% from the prior year.

EBITDA

N/A

Net Income

$1.8M

YoY-46.1%

5Y CAGR-17.8%

10Y CAGR+0.4%

REDWOOD MORTGAGE INVESTORS IX reported $1.8M in net income in fiscal year 2025. This represents a decrease of 46.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$562K

YoY-95.3%

5Y CAGR-24.6%

10Y CAGR-11.0%

REDWOOD MORTGAGE INVESTORS IX held $562K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

35.9%

YoY-18.7pp

5Y CAGR-40.3pp

10Y CAGR-59.4pp

REDWOOD MORTGAGE INVESTORS IX's net profit margin was 35.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 18.7 percentage points from the prior year.

Return on Equity

3.1%

YoY-2.3pp

5Y CAGR-3.4pp

REDWOOD MORTGAGE INVESTORS IX's ROE was 3.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

RWDMU Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$5.1M-18.1%	$6.2M+0.9%	$6.1M+0.9%	$6.1M-7.1%	$6.5M+2.9%	$6.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$51K-92.4%	$675K+0.1%	$674K+29.6%	$520K+14.0%	$456K+50.0%	$304K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$1.8M-46.1%	$3.4M-11.0%	$3.8M-6.2%	$4.1M-15.6%	$4.8M-0.9%	$4.9M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$1.4M-27.8%	$1.9M+80.4%	$1.1M+0.4%	$1.1M-1.2%	$1.1M-31.5%	$1.6M-9.9%	$1.7M+17.4%	$1.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$37K+362.5%	$8K0.0%	$8K0.0%	$8K-70.4%	$27K-86.8%	$205K-19.3%	$254K+56.8%	$162K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$655K-34.7%	$1.0M+200.3%	$334K+23.2%	$271K+24.9%	$217K-72.5%	$789K-28.7%	$1.1M+30.7%	$847K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RWDMU Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$59.1M-11.9%	$67.1M-1.0%	$67.8M-13.0%	$77.9M-5.1%	$82.1M-3.9%	$85.4M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$562K-95.3%	$12.1M+604.3%	$1.7M-66.1%	$5.1M+389.4%	$1.0M-55.1%	$2.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$81K+50.0%	$54K+2600.0%	$2K-89.5%	$19K+11.8%	$17K+21.4%	$14K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$89K-97.9%	$4.2M+78.5%	$2.4M-77.1%	$10.3M+18.6%	$8.7M-14.3%	$10.1M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$59.1M-6.1%	$62.9M-3.9%	$65.5M-3.3%	$67.7M-7.9%	$73.4M-2.5%	$75.3M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$60.8M+2.8%	$59.1M-0.4%	$59.4M-1.9%	$60.6M-2.0%	$61.8M-7.9%	$67.1M-9.3%	$74.0M-2.4%	$75.8M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.0M+78.8%	$562K-94.7%	$10.6M-29.0%	$14.9M+18.9%	$12.5M+3.8%	$12.1M+280.5%	$3.2M+1027.8%	$281K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$152K+87.7%	$81K-22.1%	$104K-1.9%	$106K+60.6%	$66K+22.2%	$54K+8.0%	$50K+733.3%	$6K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.2M+2391.0%	$89K-11.0%	$100K+1.0%	$99K-38.1%	$160K-96.2%	$4.2M-59.1%	$10.3M-11.8%	$11.6M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$58.6M-0.8%	$59.1M-0.4%	$59.3M-1.9%	$60.5M-1.9%	$61.6M-2.0%	$62.9M-1.2%	$63.7M-0.7%	$64.2M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RWDMU Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.8M-45.2%	$3.3M-5.8%	$3.5M-6.7%	$3.8M-34.6%	$5.8M+23.3%	$4.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$3.6M-132.5%	$11.2M+63.2%	$6.8M-21.2%	$8.7M+662.9%	$1.1M+109.9%	-$11.5M
Financing Cash Flow	-$9.7M-132.6%	-$4.2M+69.7%	-$13.7M-62.2%	-$8.5M-3.1%	-$8.2M-275.8%	$4.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$779K-26.5%	$1.1M+253.3%	$300K-12.8%	$344K+179.7%	$123K-87.5%	$984K-14.1%	$1.1M+72.7%	$663K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.0M+89.8%	-$9.8M-214.2%	-$3.1M-191.2%	$3.4M-41.8%	$5.9M-61.9%	$15.5M+229.4%	$4.7M+134.3%	-$13.7M
Financing Cash Flow	$667K+153.7%	-$1.2M+16.4%	-$1.5M-5.7%	-$1.4M+74.6%	-$5.5M+26.6%	-$7.6M-156.2%	-$3.0M-129.7%	$9.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RWDMU Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	35.9%-18.7pp	54.7%-7.3pp	62.0%-4.7pp	66.7%-6.7pp	73.4%-2.8pp	76.2%
Return on Equity	3.1%-2.3pp	5.4%-0.4pp	5.8%-0.2pp	6.0%-0.6pp	6.6%+0.1pp	6.4%
Return on Assets	3.1%-2.0pp	5.1%-0.6pp	5.6%+0.4pp	5.2%-0.6pp	5.9%+0.2pp	5.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.00-0.1	0.07+0.0	0.04-0.1	0.15+0.0	0.12-0.0	0.13
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	47.6%-5.0pp	52.6%+21.0pp	31.6%+5.9pp	25.8%+5.4pp	20.4%-30.4pp	50.8%-13.4pp	64.2%+6.6pp	57.7%
Return on Equity	1.1%-0.6pp	1.7%+1.1pp	0.6%+0.1pp	0.4%+0.1pp	0.4%-0.9pp	1.3%-0.5pp	1.7%+0.4pp	1.3%
Return on Assets	1.1%-0.6pp	1.7%+1.1pp	0.6%+0.1pp	0.4%+0.1pp	0.4%-0.8pp	1.2%-0.3pp	1.5%+0.4pp	1.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.04+0.0	0.000.0	0.000.0	0.000.0	0.00-0.1	0.07-0.1	0.16-0.0	0.18
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is REDWOOD MORTGAGE INVESTORS IX's annual revenue?

REDWOOD MORTGAGE INVESTORS IX (RWDMU) reported $5.1M in total revenue for fiscal year 2025. This represents a -18.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is REDWOOD MORTGAGE INVESTORS IX's revenue growing?

REDWOOD MORTGAGE INVESTORS IX (RWDMU) revenue declined by 18.1% year-over-year, from $6.2M to $5.1M in fiscal year 2025.

Is REDWOOD MORTGAGE INVESTORS IX profitable?

Yes, REDWOOD MORTGAGE INVESTORS IX (RWDMU) reported a net income of $1.8M in fiscal year 2025, with a net profit margin of 35.9%.

What is REDWOOD MORTGAGE INVESTORS IX's net profit margin?

REDWOOD MORTGAGE INVESTORS IX (RWDMU) had a net profit margin of 35.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is REDWOOD MORTGAGE INVESTORS IX's return on equity (ROE)?

REDWOOD MORTGAGE INVESTORS IX (RWDMU) has a return on equity of 3.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is REDWOOD MORTGAGE INVESTORS IX's operating cash flow?

REDWOOD MORTGAGE INVESTORS IX (RWDMU) generated $1.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are REDWOOD MORTGAGE INVESTORS IX's total assets?

REDWOOD MORTGAGE INVESTORS IX (RWDMU) had $59.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What is REDWOOD MORTGAGE INVESTORS IX's debt-to-equity ratio?

REDWOOD MORTGAGE INVESTORS IX (RWDMU) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is REDWOOD MORTGAGE INVESTORS IX's return on assets (ROA)?

REDWOOD MORTGAGE INVESTORS IX (RWDMU) had a return on assets of 3.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is REDWOOD MORTGAGE INVESTORS IX's Piotroski F-Score?

REDWOOD MORTGAGE INVESTORS IX (RWDMU) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are REDWOOD MORTGAGE INVESTORS IX's earnings high quality?

REDWOOD MORTGAGE INVESTORS IX (RWDMU) has an earnings quality ratio of 1.00x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.