Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) Financials
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 RWTS SEC filings page.
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) 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).
RWTS is expanding a highly leveraged balance sheet while operating cash outflows overwhelm thin, inconsistent accounting earnings.
The key earnings-quality break is that FY2025’s reported net loss was only$70.0M , while operating activities consumed$10.1B —cash needs were vastly larger than the accounting result. That mismatch was already visible in FY2024, when positive net income of$54.0M coexisted with operating cash consumption of$5.9B , showing that cash movement is dominated by balance-sheet flows rather than reported earnings.
The obligation-funded expansion is mechanically pronounced: FY2025 liabilities reached
Revenue reached
Financial Health Signals
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 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. 9.75% Senior Notes Due 2031 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. 9.75% Senior Notes Due 2031 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. 9.75% Senior Notes Due 2031 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. 9.75% Senior Notes Due 2031 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%.
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 earned -$0.03 per diluted share (EPS) in Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 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. 9.75% Senior Notes Due 2031'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. 9.75% Senior Notes Due 2031'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. 9.75% Senior Notes Due 2031 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.
RWTS 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-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.
RWTS 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.
RWTS 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.
RWTS 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%+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.
Where Redwood Trust, Inc. 9.75% Senior Notes Due 2031 Ranks
Frequently Asked Questions
What is Redwood Trust, Inc. 9.75% Senior Notes Due 2031's annual revenue?
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) 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. 9.75% Senior Notes Due 2031's revenue growing?
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) revenue grew by 25.2% year-over-year, from $945.2M to $1.2B in fiscal year 2025.
Is Redwood Trust, Inc. 9.75% Senior Notes Due 2031 profitable?
No, Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) reported a net income of -$70.0M in fiscal year 2025, with a net profit margin of -5.9%.
What is Redwood Trust, Inc. 9.75% Senior Notes Due 2031's net profit margin?
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) 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. 9.75% Senior Notes Due 2031 pay dividends?
Yes, Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) paid $0.72 per share in dividends during fiscal year 2025.
What is Redwood Trust, Inc. 9.75% Senior Notes Due 2031's return on equity (ROE)?
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) 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. 9.75% Senior Notes Due 2031's operating cash flow?
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) 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. 9.75% Senior Notes Due 2031's total assets?
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) had $23.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Redwood Trust, Inc. 9.75% Senior Notes Due 2031's debt-to-equity ratio?
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) 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. 9.75% Senior Notes Due 2031's return on assets (ROA)?
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) had a return on assets of -0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Redwood Trust, Inc. 9.75% Senior Notes Due 2031's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) held $255.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $10.1B over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Redwood Trust, Inc. 9.75% Senior Notes Due 2031's Piotroski F-Score?
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) 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. 9.75% Senior Notes Due 2031's earnings high quality?
Redwood Trust, Inc. 9.75% Senior Notes Due 2031 (RWTS) 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.