RW
RWT
Market ClosedRedwood Trust, Inc.
US
351 employees
CEO: Christopher J. Abate
Founded: 1995
$4.92
+$0.00(+NaN%)
Market Cap
616.06M
Beta
1.43
52W Range
N/A
Dividend Yield
14.63%
Financial Statements
Comprehensive breakdown of financial statements and performance metrics
Gross Margin
95.6%
406.7%
CAGR: 19.6%
Profit after direct costs
Operating Margin
95.3%
1316.4%
CAGR: 31.2%
Core business profitability
Net Margin
-6.3%
-229.7%
CAGR: N/A
Bottom line profitability
Revenue Growth
356.5%
YoY
CAGR: 19.7%
Top line growth rate
Revenue Flow Analysis
Visual flow showing how RWT allocates revenue across expenses and profit
Fiscal Year 2025
Revenue Distribution
Flow of revenue through cost categories to net income
Gross Margin
95.6%
$1.06B
Operating Margin
95.3%
$1.06B
Net Margin
-6.3%
$-70.03M
Detailed Income Statement
Complete profit and loss breakdown with margin analysis and historical comparison
| 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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