What is Redwood Trust, Inc.'s earnings per share (EPS)?

Redwood Trust, Inc. (RWT) reported diluted earnings per share of -$0.63 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Redwood Trust, Inc. (RWT) Financials

RWT

Trailing 12 months to June 30, 2026

Revenue $1.4B +0.7% YoY

Net Income $5.7M +107.7% YoY

EPS (Diluted) -$0.05 +92.3% YoY

Operating Cash Flow -$14.3B -103.8% YoY

Market Cap $443.4M as of Oct 3, 2026

Price / Sales 0.3x on $1.4B revenue, trailing 12 months to June 30, 2026

Price / Earnings 77.6x on $5.7M net income, trailing 12 months to June 30, 2026

Price / Book 0.5x on $933.8M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RWT SEC filings page.

Redwood Trust, Inc. (RWT) reported $1.4B in revenue over the twelve months to Jun 30, 2026, up 0.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI RWT FY2025 2026-10-04

Redwood Trust’s expanding balance sheet is increasingly financed by liabilities, while losses and cash outflows make scale an incomplete measure of earnings strength.

The debt-to-equity ratio climbed from 14.4x in FY2024 to 23.1x in FY2025, indicating that balance-sheet expansion relied increasingly on obligations rather than shareholder capital. That leverage shift accompanied a net loss of $70M and operating cash outflow of $10.1B, so reported scale did not translate into either earnings or internally generated cash.

Reported assets reached $23.7B in FY2025 while equity fell to $982.6M, leaving a thinner capital cushion relative to the size of the balance sheet. This structure makes changes in financing conditions more consequential to the reported results.

FY2025 recorded investing cash inflows of $4.5B alongside financing cash inflows of $5.7B. The combination points to a business whose balance-sheet activity depends heavily on capital raising and asset flows, rather than being funded mainly by recurring operating cash generation.

Financial Health Signals

Financial health score not available

Redwood Trust, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

1/6

Redwood Trust, Inc. passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). No profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

Redwood Trust, Inc. reported a net loss of $70.0M while operations used $10.1B of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$385.2M

YoY+35.5%

QoQ+7.9%

5Y CAGR+21.6%

10Y CAGR+21.4%

Redwood Trust, Inc. generated $385.2M in revenue in Q2 2026. This represents an increase of 35.5% from the same quarter a year earlier. Against the prior quarter it is up 7.9%.

Net Income

-$1.1M

YoY+98.9%

QoQ+80.0%

Redwood Trust, Inc. reported -$1.1M in net income in Q2 2026. This represents an increase of 98.9% from the same quarter a year earlier. Against the prior quarter it is up 80.0%.

EPS (Diluted)

-$0.03

Redwood Trust, Inc. earned -$0.03 per diluted share (EPS) in Q2 2026.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$191.8M

YoY-36.5%

QoQ-5.2%

5Y CAGR-14.6%

10Y CAGR-1.2%

Redwood Trust, Inc. held $191.8M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

126M

5Y CAGR+2.1%

10Y CAGR+5.0%

Redwood Trust, Inc. had 126M shares outstanding in Q2 2026.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Net Margin

-0.3%

YoY+34.3pp

QoQ+1.3pp

5Y change-62.4pp

10Y change-75.0pp

Redwood Trust, Inc.'s net profit margin was -0.3% in Q2 2026, showing the share of revenue converted to profit. This is up 34.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Return on Equity

-0.1%

YoY+9.2pp

QoQ+0.5pp

5Y change-7.1pp

10Y change-3.9pp

Redwood Trust, Inc.'s ROE was -0.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 9.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

YoY-100.0%

QoQ-100.0%

Redwood Trust, Inc. repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

RWT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RWT quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.4B	$1.2B+25.2%	$945.2M+470.6%	$165.6M-76.6%	$707.9M+30.6%	$542.0M-5.2%	$571.9M+85.5%	$308.3M+44.3%	$213.7M-6.8%	$229.3M+5.8%	$216.6M+14.7%	$188.8M-1.9%	$192.4M-33.1%	$287.5M+42.1%	$202.3M+127.0%	$89.1M
SG&A Expenses	$167.0M	$153.9M+12.9%	$136.4M+6.3%	$128.3M-9.0%	$140.9M-14.7%	$165.2M+45.6%	$113.5M+4.4%	$108.7M+44.4%	$75.3M-2.4%	$77.2M+1595.7%	$4.5M-13.7%	$5.3M+5.2%	$5.0M+43.0%	$3.5M-3.4%	$3.6M-7.8%	$3.9M
Interest Expense	$1.3B	$1.1B+30.6%	$842.6M+33.4%	$631.5M+14.3%	$552.4M+29.4%	$426.7M-4.7%	$448.0M-6.6%	$479.8M+100.7%	$239.0M+119.7%	$108.8M+22.9%	$88.5M-7.7%	$95.9M+9.6%	$87.5M+8.0%	$81.0M-32.9%	$120.7M+22.0%	$99.0M
Income Tax	$13.0M	$25.2M+33.7%	$18.8M+1052.1%	$1.6M+108.2%	-$19.9M-207.8%	$18.5M+501.0%	-$4.6M-161.9%	$7.4M-32.9%	$11.1M-5.7%	$11.8M+216.9%	$3.7M+135.8%	-$10.3M-1490.6%	$744K-93.2%	$10.9M+748.0%	$1.3M+2973.8%	$42K
Net Income	$5.7M	-$70.0M-229.7%	$54.0M+2474.8%	-$2.3M+98.6%	-$163.5M-151.2%	$319.6M+154.9%	-$581.8M-443.9%	$169.2M+41.5%	$119.6M-14.8%	$140.4M+7.0%	$131.3M+28.6%	$102.1M+1.5%	$100.6M-42.0%	$173.2M+31.5%	$131.8M+400.2%	$26.3M
EPS (Basic)	N/A	-$0.63-296.9%	$0.32+390.9%	-$0.11+92.3%	-$1.43-152.4%	$2.73+153.3%	-$5.12-414.1%	$1.63+10.9%	$1.47-17.4%	$1.78+7.2%	$1.66+38.3%	$1.20+1.7%	$1.18-42.4%	$2.05+27.3%	$1.61+419.4%	$0.31
EPS (Diluted)	-$0.05	-$0.63	$0.32	-$0.11	-$1.43-160.3%	$2.37+146.3%	-$5.12-450.7%	$1.46+9.0%	$1.34-16.3%	$1.60+3.9%	$1.54+30.5%	$1.18+2.6%	$1.15-40.7%	$1.94+22.0%	$1.59+412.9%	$0.31
Diluted Shares (Avg)	N/A	130M	132M	116M	117M-17.5%	142M+24.7%	114M-16.7%	137M+24.3%	110M+7.9%	102M+4.2%	98M+15.8%	85M-0.7%	85M-9.2%	94M+16.1%	81M+3.0%	78M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$385.2M+35.5%	$356.9M+31.2%	$327.0M-41.0%	$299.5M+20.5%	$284.3M+321.6%	$272.1M+265.0%	$554.5M+765.5%	$248.6M+2211.5%
SG&A Expenses	$38.2M+3.3%	$49.4M+31.7%	$40.8M+25.4%	$38.7M+7.5%	$37.0M+11.1%	$37.5M+8.4%	$32.5M+0.9%	$36.0M+21.3%
Interest Expense	$353.2M+30.6%	$322.2M+32.0%	$301.0M+26.1%	$284.5M+27.5%	$270.5M+35.2%	$244.2M+35.2%	$238.8M+40.6%	$223.1M+42.4%
Income Tax	$1.1M-74.9%	-$2.5M-140.0%	$8.0M+27.9%	$6.4M-10.9%	$4.6M-7.4%	$6.3M+1097.3%	$6.3M+530.6%	$7.1M+320.3%
Net Income	-$1.1M+98.9%	-$5.5M-134.1%	$20.0M+402.6%	-$7.7M-152.0%	-$98.5M-734.0%	$16.1M-46.6%	-$6.6M-131.4%	$14.8M+148.1%
EPS (Basic)	-$0.03+96.1%	-$0.07-170.0%	$0.13+262.5%	-$0.08-188.9%	-$0.76-860.0%	$0.10-52.4%	-$0.08-150.0%	$0.09+131.0%
EPS (Diluted)	-$0.03	-$0.07	$0.13	-$0.08	-$0.76-860.0%	$0.10-52.4%	-$0.08	$0.09
Diluted Shares (Avg)	125M	125M	N/A	129M	133M+0.7%	133M+0.9%	N/A	132M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

RWT Balance Sheet

RWT quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$23.7B+29.8%	$18.3B+25.9%	$14.5B+11.3%	$13.0B-11.4%	$14.7B+42.0%	$10.4B-42.5%	$18.0B+50.7%	$11.9B+69.6%	$7.0B+28.4%	$5.5B-11.8%	$6.2B+5.1%	$5.9B+28.4%	$4.6B+3.7%	$4.4B-22.6%	$5.7B
Cash & Equivalents	$255.7M+4.3%	$245.2M-16.3%	$293.0M+13.1%	$259.0M-42.4%	$450.0M-2.4%	$461.0M+134.0%	$197.0M+11.9%	$176.0M+21.4%	$145.0M-31.9%	$213.0M-3.3%	$220.2M-18.4%	$269.7M+55.7%	$173.2M+113.6%	$81.1M-69.7%	$267.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$23.4M0.0%	$23.4M0.0%	$23.4M0.0%	$23.4M	$0	$0-100.0%	$88.7M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$22.7B+33.1%	$17.1B+28.3%	$13.3B+11.3%	$11.9B-10.3%	$13.3B+44.1%	$9.2B-42.8%	$16.2B+52.7%	$10.6B+81.7%	$5.8B+34.5%	$4.3B-14.6%	$5.1B+8.8%	$4.7B+38.7%	$3.4B+1.8%	$3.3B-31.9%	$4.9B
Long-Term Debt	N/A	N/A	$1.7B-3.0%	$1.7B+5.6%	$1.6B+15.1%	$1.4B	N/A	$2.6B-0.1%	$2.6B-1.7%	$2.6B+29.2%	$2.0B+69.7%	$1.2B+150.7%	$476.5M+241.6%	$139.5M0.0%	$139.5M
Total Equity	$982.6M-17.3%	$1.2B-1.2%	$1.2B+11.0%	$1.1B-21.8%	$1.4B+24.8%	$1.1B-39.2%	$1.8B+35.5%	$1.3B+11.3%	$1.2B+5.5%	$1.1B+0.3%	$1.1B-9.4%	$1.3B+1.6%	$1.2B+9.3%	$1.1B+27.7%	$892.6M
Retained Earnings	$1.1B-6.5%	$1.2B+4.1%	$1.1B-0.8%	$1.2B-12.4%	$1.3B+32.0%	$997.3M-36.8%	$1.6B+12.0%	$1.4B+9.3%	$1.3B+12.2%	$1.1B+12.9%	$1.0B+12.3%	$906.9M+12.5%	$806.3M+27.4%	$633.1M+26.3%	$501.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$28.8B+35.1%	$26.8B+34.9%	$23.7B+29.8%	$22.6B+22.6%	$21.3B+29.4%	$19.9B+32.0%	$18.3B+25.9%	$18.4B+41.5%
Cash & Equivalents	$191.8M-36.5%	$202.4M-22.1%	$255.7M+4.3%	$226.3M-10.8%	$302.0M+9.6%	$259.9M-5.6%	$245.2M-16.3%	$253.7M+24.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$23.4M0.0%	$23.4M0.0%	$23.4M0.0%	$23.4M0.0%	$23.4M0.0%	$23.4M0.0%	$23.4M0.0%	$23.4M0.0%
Total Liabilities	$27.9B+37.5%	$25.9B+38.4%	$22.7B+33.1%	$21.6B+25.6%	$20.3B+32.8%	$18.7B+35.1%	$17.1B+28.3%	$17.2B+44.4%
Total Equity	$933.8M-11.4%	$956.7M-19.2%	$982.6M-17.3%	$999.0M-18.3%	$1.1B-13.7%	$1.2B-3.3%	$1.2B-1.2%	$1.2B+10.6%
Retained Earnings	$1.1B-0.1%	$1.1B-8.2%	$1.1B-6.5%	$1.1B-8.6%	$1.1B-6.8%	$1.2B+2.8%	$1.2B+4.1%	$1.2B+6.6%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

RWT Cash Flow Statement

RWT quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$14.3B	-$10.1B-72.2%	-$5.9B-190.8%	-$2.0B-1348.8%	-$139.1M+97.6%	-$5.7B-1026.6%	-$505.5M+56.6%	-$1.2B+27.7%	-$1.6B+5.9%	-$1.7B-214.0%	-$545.7M+56.4%	-$1.3B+30.2%	-$1.8B-707.4%	-$221.8M+60.6%	-$563.3M-3263.1%	$17.8M
Depreciation & Amortization	N/A	$10.1M-15.6%	$11.9M-19.8%	$14.9M-6.7%	$15.9M-5.1%	$16.8M-3.3%	$17.4M+71.4%	$10.1M+674.7%	$1.3M+7.8%	$1.2M+6.4%	$1.1M+38.3%	$824K+60.6%	$513K+32.2%	$388K-79.3%	$1.9M+9.3%	$1.7M
Stock-Based Compensation	N/A	$20.0M-20.0%	$25.0M+31.3%	$19.1M-20.4%	$23.9M+26.7%	$18.9M+23.6%	$15.3M+2.3%	$15.0M+8.9%	$13.7M+32.4%	$10.4M-17.9%	$12.6M+7.1%	$11.8M+4.7%	$11.3M-16.8%	$13.5M+37.6%	$9.8M+8.1%	$9.1M
Investing Cash Flow	$5.6B	$4.5B+78.5%	$2.5B+179.3%	$908.7M+324.9%	$213.9M-84.8%	$1.4B-65.5%	$4.1B+296.8%	$1.0B+8144.7%	-$12.8M-104.5%	$280.4M-79.0%	$1.3B+54.8%	$863.2M+16.6%	$740.6M+110.8%	$351.3M-58.0%	$836.4M+301.3%	-$415.6M
Financing Cash Flow	$8.5B	$5.7B+74.4%	$3.3B+185.1%	$1.1B+514.1%	-$276.9M-106.5%	$4.3B+229.2%	-$3.3B-1568.6%	$225.5M-86.6%	$1.7B+23.9%	$1.4B+270.7%	-$795.4M-335.7%	$337.5M-70.6%	$1.1B+3168.1%	-$37.4M+91.9%	-$459.2M-174.3%	$618.0M
Dividends Paid	$96.1M	$99.0M+6.5%	$92.9M+5.1%	$88.4M-20.9%	$111.7M+21.8%	$91.7M+9.2%	$84.0M-35.1%	$129.5M+33.7%	$96.8M+9.6%	$88.3M-0.2%	$88.5M-6.8%	$94.9M-0.4%	$95.3M+0.9%	$94.4M+14.7%	$82.3M-18.3%	$100.7M
Share Buybacks	$45.4M	$51.8M	$0	$0-100.0%	$56.5M	$0-100.0%	$21.7M	$0-100.0%	$16.3M+93.8%	$8.4M-70.0%	$28.1M-67.3%	$85.8M	$0	$0	N/A	$7.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$3.7B-77.3%	-$4.5B-130.9%	-$3.4B-293.5%	-$2.7B-27.8%	-$2.1B-7.5%	-$2.0B-104.6%	-$854.0M+25.6%	-$2.1B-134.4%
Depreciation & Amortization	$2.4M-11.9%	$2.3M-17.5%	$2.3M-18.4%	$2.3M-17.3%	$2.7M-4.9%	$2.8M-20.6%	$2.8M-26.2%	$2.8M-24.9%
Stock-Based Compensation	$5.4M-4.5%	$8.4M+48.5%	N/A	$5.8M-25.7%	$5.6M-23.5%	$5.7M-12.6%	N/A	$7.8M+56.4%
Investing Cash Flow	$1.5B+50.2%	$1.2B+86.5%	$1.6B+60.9%	$1.3B+101.9%	$979.1M+77.5%	$658.8M+88.1%	$1.0B+271.4%	$635.6M+151.3%
Financing Cash Flow	$2.3B+83.9%	$3.1B+135.4%	$1.9B+1267.7%	$1.3B-12.0%	$1.2B-12.6%	$1.3B+130.6%	-$160.1M-116.2%	$1.4B+219.2%
Dividends Paid	$24.1M-5.0%	$23.8M-6.3%	$24.0M-4.3%	$24.3M+3.1%	$25.3M+14.4%	$25.4M+14.7%	$25.1M+14.4%	$23.6M+19.3%
Share Buybacks	$0-100.0%	$1.1M	$14.8M	$29.6M	$7.5M	$0	$0	$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

RWT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RWT quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	-5.9%-11.6pp	5.7%+7.1pp	-1.4%+21.7pp	-23.1%-82.1pp	59.0%	-101.7%	54.9%-1.1pp	56.0%-5.2pp	61.2%+0.6pp	60.6%+6.5pp	54.1%+1.8pp	52.3%-8.0pp	60.3%-4.9pp	65.1%+35.6pp	29.6%
Return on Equity	-7.1%-11.7pp	4.5%+4.7pp	-0.2%+14.9pp	-15.1%-38.1pp	23.1%+75.4pp	-52.4%-61.6pp	9.3%+0.4pp	8.9%-2.7pp	11.6%+0.2pp	11.4%+2.5pp	8.9%+1.0pp	7.9%-6.0pp	13.9%+2.4pp	11.6%+8.6pp	2.9%
Return on Assets	-0.3%-0.6pp	0.3%+0.3pp	0.0%+1.2pp	-1.3%-3.4pp	2.2%+7.8pp	-5.6%-6.6pp	0.9%-0.1pp	1.0%-1.0pp	2.0%-0.4pp	2.4%+0.8pp	1.6%-0.1pp	1.7%-2.1pp	3.8%+0.8pp	3.0%+2.5pp	0.5%
Debt-to-Equity	23.12+8.7x	14.37+13.0x	1.40-0.2x	1.60+0.4x	1.18-0.1x	1.28-7.6x	8.85+6.9x	1.91-0.2x	2.12-0.2x	2.28+0.5x	1.77+0.8x	0.94+0.6x	0.38+0.3x	0.120.0x	0.16
Asset Turnover	0.050.0x	0.050.0x	0.010.0x	0.050.0x	0.040.0x	0.060.0x	0.020.0x	0.020.0x	0.030.0x	0.040.0x	0.030.0x	0.030.0x	0.060.0x	0.050.0x	0.02

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	-0.3%+34.3pp	-1.5%-7.5pp	6.1%+7.3pp	-2.6%-8.5pp	-34.6%-57.7pp	5.9%-34.7pp	-1.2%-34.0pp	6.0%
Return on Equity	-0.1%+9.2pp	-0.6%-1.9pp	2.0%+2.6pp	-0.8%-2.0pp	-9.3%-10.6pp	1.4%-1.1pp	-0.6%-2.3pp	1.2%+4.0pp
Return on Assets	0.0%+0.5pp	0.0%-0.1pp	0.1%+0.1pp	0.0%-0.1pp	-0.5%-0.5pp	0.1%-0.1pp	0.0%-0.2pp	0.1%+0.3pp
Debt-to-Equity	29.86+10.6x	27.03+11.2x	23.12+8.7x	21.62+7.6x	19.25+6.7x	15.79+14.4x	14.37+13.0x	14.07+12.4x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.030.0x	0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Redwood Trust, Inc. RWT	FY2025	$1.2B	-$70.0M	-5.9%	$443.4M	—
BrightSpire Capital, Inc. BRSP	FY2025	$330.6M	-$31.1M	-9.4%	$482.1M	28/100
TPG RE Finance Trust, Inc. TRTX	FY2025	$146.1M	$60.3M	41.3%	$471.4M	18/100
Ready Capital Corporation RC	FY2025	$101.7M	-$221.1M	N/A	$186.7M	2/100
PennyMac Mortgage Investment Trust PMT	FY2025	$307.5M	$86.1M	28.0%	$680.2M	0/100
Franklin BSP Realty Trust, Inc. FBRT	FY2025	$270.1M	$84.1M	31.1%	$520.7M	28/100

Where Redwood Trust, Inc. Ranks

Frequently Asked Questions

What is Redwood Trust, Inc.'s annual revenue?

Redwood Trust, Inc. (RWT) reported $1.2B in total revenue for fiscal year 2025. This represents a 25.2% 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 Trust, Inc.'s revenue growing?

Redwood Trust, Inc. (RWT) revenue grew by 25.2% year-over-year, from $945.2M to $1.2B in fiscal year 2025.

Is Redwood Trust, Inc. profitable?

No, Redwood Trust, Inc. (RWT) reported a net income of -$70.0M in fiscal year 2025, with a net profit margin of -5.9%.

What is Redwood Trust, Inc.'s net profit margin?

Redwood Trust, Inc. (RWT) had a net profit margin of -5.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Redwood Trust, Inc. pay dividends?

Yes, Redwood Trust, Inc. (RWT) paid $0.72 per share in dividends during fiscal year 2025.

What is Redwood Trust, Inc.'s return on equity (ROE)?

Redwood Trust, Inc. (RWT) has a return on equity of -7.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Redwood Trust, Inc.'s operating cash flow?

Redwood Trust, Inc. (RWT) recorded an outflow of $10.1B in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Redwood Trust, Inc.'s total assets?

Redwood Trust, Inc. (RWT) had $23.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Redwood Trust, Inc. buy back shares?

Yes, Redwood Trust, Inc. (RWT) spent $51.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Redwood Trust, Inc. have outstanding?

Redwood Trust, Inc. (RWT) had 125M shares outstanding as of fiscal year 2025.

What is Redwood Trust, Inc.'s debt-to-equity ratio?

Redwood Trust, Inc. (RWT) had a debt-to-equity ratio of 23.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Redwood Trust, Inc.'s return on assets (ROA)?

Redwood Trust, Inc. (RWT) had a return on assets of -0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Redwood Trust, Inc.'s P/E ratio?

Redwood Trust, Inc. (RWT) trades at 77.6x earnings, its market capitalization divided by net income of $5.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $443.4M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Redwood Trust, Inc.'s price-to-sales ratio?

Redwood Trust, Inc. (RWT) trades at 0.3x sales, its market capitalization divided by revenue of $1.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $443.4M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Redwood Trust, Inc.'s Piotroski F-Score?

Redwood Trust, Inc. (RWT) has a Piotroski F-Score of 1 out of 6 computable signals; 3 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 Trust, Inc.'s earnings high quality?

Redwood Trust, Inc. (RWT) reported a net loss of $70.0M while operations used $10.1B of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.