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 RWTQ SEC filings page.
Redwood Trust, Inc (RWTQ) reported $1.4B in revenue over the twelve months to Jun 30, 2026, up 27.7% 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).
The business is increasingly driven by balance-sheet leverage, with rising financing costs and cash outflows overwhelming accounting profitability.
FY2025 pairs a net loss of-$70.0M with operating cash flow of-$10.1B , making reported earnings a poor proxy for cash generation. Meanwhile, financing cash flow supplied$5.7B while investing cash flow supplied$4.5B , showing that non-operating cash movements offset much of the operating shortfall.
Liabilities consumed 95.9% of assets in FY2025 versus
Revenue reached
Financial Health Signals
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.
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.
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
Earnings & Revenue
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%.
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%.
Not reported for Q2 2026.
Cash & Balance Sheet
Redwood Trust, Inc held $191.8M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
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.
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.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
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%.
Not reported for Q2 2026.
Not reported for Q2 2026.
RWTQ 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.
| 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+22.8% | $299.5M+20.5% | $284.3M+26.1% | $272.1M+32.9% | $266.4M+40.3% | $248.6M+40.4% |
| 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.
RWTQ Balance Sheet
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.
| 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.
RWTQ Cash Flow 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.
| 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.
RWTQ 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.
| 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%+8.6pp | -2.6%-8.5pp | -34.6%-41.5pp | 5.9%-8.8pp | -2.5%-13.6pp | 6.0%+23.4pp |
| 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 | 0.010.0x | 0.010.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Where Redwood Trust, Inc Ranks
Frequently Asked Questions
What is Redwood Trust, Inc's annual revenue?
Redwood Trust, Inc (RWTQ) 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 (RWTQ) 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 (RWTQ) 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 (RWTQ) 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 (RWTQ) paid $0.72 per share in dividends during fiscal year 2025.
What is Redwood Trust, Inc's return on equity (ROE)?
Redwood Trust, Inc (RWTQ) 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 (RWTQ) 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 (RWTQ) had $23.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Redwood Trust, Inc's debt-to-equity ratio?
Redwood Trust, Inc (RWTQ) 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 (RWTQ) 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 Piotroski F-Score?
Redwood Trust, Inc (RWTQ) 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 (RWTQ) 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.