Redwood Trust, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 539.60M | -22.10M | 158.60M | 242.50M | 1.11B | 356.5% | |
| Cost of Revenue | (21.98M) | (19.72M) | (21.74M) | (33.59M) | (48.38M) | 44.0% | |
Gross Profit | 517.62M | -41.82M | 136.86M | 208.91M | 1.06B | 406.7% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (161.41M) | (133.91M) | (126.30M) | (134.39M) | (153.95M) | 14.5% | |
| General & Administrative | (141.47M) | (110.81M) | (101.44M) | (109.37M) | (43.19M) | -60.5% | |
| Selling & Marketing | (19.94M) | (23.10M) | (24.85M) | (25.02M) | (110.76M) | 342.6% | |
| Depreciation & Amortization | (32.09M) | (15.92M) | (14.85M) | (11.92M) | (10.06M) | -15.6% | |
Operating Income (EBIT) | 356.22M | -175.73M | 10.57M | 74.51M | 1.06B | 1316.4% | |
| Non-Operating Items | |||||||
| Interest Income | 575.00M | 708.00M | 724.46M | 945.16M | 1.18B | 25.2% | |
| Interest Expense | (427.00M) | (552.00M) | (631.52M) | (842.56M) | (1.10B) | 30.6% | |
| Other Income/Expenses (Net) | -18.13M | -7.71M | -11.21M | -1.67M | -1.10B | 65663.8% | |
Income Before Tax | 338.09M | -183.44M | -639.00K | 72.84M | -44.84M | -161.6% | |
| Income Tax Expense | (18.48M) | (19.92M) | (1.64M) | (18.84M) | (25.18M) | 33.7% | |
Net Income | 319.61M | -163.52M | -2.27M | 54.00M | -70.03M | -229.7% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $3 | $-1 | $-0 | $0 | $-1 | -284.4% | |
| Weighted Avg Shares Outstanding | 113.23M | 117.23M | 116.28M | 132.05M | 130.25M | -1.4% | |
| Weighted Avg Shares Outstanding (Diluted) | 142.07M | 117.23M | 116.28M | 132.14M | 130.25M | -1.4% | |
EBITDA | 800.74M | 398.85M | 14.85M | 11.92M | 1.07B | 8841.3% |
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