Redwood Trust, Inc. (RWT) — Financial statements
Income statement, balance sheet, and cash flow for Redwood Trust, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,107↑356.5% | 242↑52.9% | 159↑817.5% | -22↓104.1% | 540 | |
| Cost of Revenue | 48↑44.0% | 34↑54.5% | 22↑10.2% | 20↓10.3% | 22 | |
| Gross Profit | 1,059↑406.7% | 209↑52.6% | 137↑427.3% | -42↓108.1% | 518 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 109↑7.8% | 101↓8.5% | 111↓21.7% | 141 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 25↑0.7% | 25↑7.6% | 23↑15.9% | 20 | |
| SG&A Expenses | 0.00↓100.0% | 134↑6.4% | 126↓5.7% | 134↓17.0% | 161 | |
| Other Expenses | 3 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 3↓97.6% | 134↑6.4% | 126↓5.7% | 134↓17.0% | 161 | |
| Total Costs & Expenses | 52↓69.3% | 168↑13.5% | 148↓3.6% | 154↓16.2% | 183 | |
| Operating Results | ||||||
| Operating Income | 1,055↑1316.4% | 75↑605.2% | 11↑106.0% | -176↓149.3% | 356 | |
| Depreciation & Amortization | 10 | 0.00 | 0.00↓100.0% | 16↓50.4% | 32 | |
| EBITDA | 1,065 | 0.00 | 0.00↓100.0% | 399↓50.2% | 801 | |
| EBIT | 1,055 | 0.00 | 0.00↓100.0% | 369↑2298.3% | -17 | |
| Interest & Other Income | ||||||
| Net Interest Income | 83↓19.4% | 103↑10.4% | 93↓40.2% | 155↑4.9% | 148 | |
| Interest Income | 1,183↑25.2% | 945↑30.5% | 724↑2.3% | 708↑23.1% | 575 | |
| Interest Expense | 1,100↑30.6% | 843↑33.4% | 632↑14.4% | 552↑29.3% | 427 | |
| Non-Operating Income | 0.00↓100.0% | 75↑605.2% | 11↓33.6% | 16↓95.6% | 359 | |
| Other Income / Expenses | -1,100↓65663.8% | -2↑85.1% | -11↓45.3% | -8↑57.5% | -18 | |
| Income Before Tax | -45↓161.6% | 73↑11499.2% | -0.64↑99.7% | -183↓154.3% | 338 | |
| Income Tax Expense | 25↑33.7% | 19↑1052.1% | 2↑108.2% | -20↓207.8% | 18 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -70↓229.7% | 54↑2474.8% | -2↑98.6% | -164↓151.2% | 320 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -70↓229.7% | 54↑2474.8% | -2↑98.6% | -164↓151.2% | 320 | |
| Bottom-Line Net Income | -76↓277.6% | 43↑428.8% | -13↑92.3% | -168↓154.3% | 309 | |
| EPS (Basic) | -0.63↓296.9% | 0.32↑390.9% | -0.11↑92.3% | -1.43↓152.4% | 2.73 | |
| EPS (Diluted) | -0.63↓296.9% | 0.32↑390.9% | -0.11↑92.3% | -1.43↓160.3% | 2.37 | |
| Weighted Average Shares | 130↓1.4% | 132↑13.6% | 116↓0.8% | 117↑3.5% | 113 | |
| Weighted Average Diluted Shares | 130↓1.4% | 132↑13.6% | 116↓0.8% | 117↓17.5% | 142 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.