Redwood Trust Inc
RWTO- Exchange
- NYSE
- Industry
- Real Estate Investment Trusts
- SEC CIK
- 0000930236
In the last 90 days, Redwood Trust Inc insiders filed 6 open-market purchases and 0 sales; no institution reported holding it in 13F filings for Q2 2026; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 10, 2026, 1:13 AM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Jan 15, 2025 | Jan 17, 2024 | Jan 9, 2023 | Feb 9, 2022 |
| Revenue | $1.18B | $945.2M | $724.5M | $707.9M | $574.9M |
| Operating expenses | – | – | $166.3M | $176.2M | $203.9M |
| Selling, general and administrative | $153.9M | $136.4M | $128.3M | $140.9M | $170.9M |
| Interest expense | – | – | $631.5M | $552.4M | $426.7M |
| Income tax | $25.2M | $18.8M | $1.64M | -$19.9M | $18.5M |
| Net income | -$70.0M | $54.0M | -$2.27M | -$163.5M | $319.6M |
| EPS, basic | $-0.63 | $0.32 | $-0.11 | $-1.43 | $2.73 |
| EPS, diluted | $-0.63 | $0.32 | $-0.11 | $-1.43 | $2.37 |
| Weighted shares, basic | 130.3M | 132.1M | 116.3M | 117.2M | 113.2M |
| Weighted shares, diluted | 130.3M | 132.1M | 116.3M | 117.2M | 142.1M |
| Margins and growth | |||||
| Net margin | -5.9% | 5.7% | -0.3% | -23.1% | 55.6% |
| Revenue growth, year over year | +25.2% | +30.5% | +2.3% | +23.1% | +0.5% |
| Net income growth, year over year | −229.7% | – | – | −151.2% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Jan 15, 2025 | Jan 17, 2024 | Jan 9, 2023 | Feb 9, 2022 |
| Cash and equivalents | $255.7M | $245.2M | $293.1M | $258.9M | $450.5M |
| Property, plant and equipment | $6.35M | $4.67M | $7.83M | $12.6M | $9.02M |
| Goodwill | $23.4M | $23.4M | $23.4M | $23.4M | – |
| Intangible assets | $10.6M | $19.0M | $28.5M | $40.9M | $41.6M |
| Total assets | $23.7B | $18.3B | $14.5B | $13.0B | $14.7B |
| Accounts payable | $9.70M | $6.80M | $4.99M | $4.23M | $0 |
| Short-term debt | – | – | $1.56B | $2.03B | $2.18B |
| Long-term debt | – | – | $1.68B | $1.73B | $1.64B |
| Total liabilities | $22.7B | $17.1B | $13.3B | $11.9B | $13.3B |
| Shareholders' equity | $982.6M | $1.19B | $1.20B | $1.08B | $1.39B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Jan 15, 2025 | Jan 17, 2024 | Jan 9, 2023 | Feb 9, 2022 |
| Operating cash flow | -$10.1B | -$5.86B | -$2.02B | -$139.1M | -$5.69B |
| Depreciation and amortization | $10.1M | $11.9M | $14.9M | $15.9M | $16.8M |
| Stock-based compensation | $20.0M | $25.0M | $19.1M | $23.9M | $18.9M |
| Dividends paid | $99.0M | $92.9M | $88.4M | $111.7M | $91.7M |
| Share buybacks | $51.8M | $0 | $0 | $56.5M | $0 |
| Investing cash flow | $4.53B | $2.54B | $908.7M | $213.9M | $1.40B |
| Financing cash flow | $5.70B | $3.27B | $1.15B | -$276.9M | $4.28B |
| Net change in cash | $136.2M | -$55.9M | $39.4M | -$202.1M | -$13.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.7% | 2.6% | 2.6% | 3.4% | 3.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 9, 2026 | 116.6M | −7.9% | SEC |
| Aug 5, 2026 | 125.6M | −2.8% | SEC |
| May 7, 2026 | 125.2M | −5.9% | SEC |
| Feb 27, 2026 | 125.0M | −5.9% | SEC |
| Nov 6, 2025 | 126.7M | −4.2% | SEC |
| Aug 7, 2025 | 129.2M | −2.3% | SEC |
| May 9, 2025 | 133.1M | +0.7% | SEC |
| Feb 28, 2025 | 132.9M | +1.0% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.