RWT
Redwood Trust, Inc.
NYSE · Real Estate · REIT - Mortgage · US
$4.51
+0.67%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 965.0M | 1.1B | 1.1B | 158.6M | 522.6M |
| Cost of Revenue | 627.8M | 48.4M | 33.6M | 21.7M | 19.7M |
| Gross Profit | 335.9M | 1.1B | 1.0B | 136.9M | 502.9M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 131.1M | 153.9M | 134.4M | 126.3M | 133.9M |
| General & Admin Expense | 131.1M | 43.2M | 109.4M | 101.4M | 110.8M |
| Selling & Marketing Expense | — | 110.8M | 25.0M | 24.9M | 23.1M |
| Other Expenses | (113.9M) | (150.7M) | — | — | — |
| Total Operating Expenses | 17.3M | 3.2M | 134.4M | 126.3M | 133.9M |
| Cost and Expenses | 645.1M | 51.6M | 168.0M | 148.0M | 153.6M |
| Operating Income (EBIT) | 672.9M | 1.1B | 915.4M | 10.6M | 369.0M |
| Non-Operating | |||||
| Interest Income | 1.0B | 1.2B | 945.2M | 724.5M | 708.0M |
| Interest Expense | 913.8M | 1.1B | 842.6M | 631.5M | 552.0M |
| Net Interest Income | 101.7M | 82.7M | 102.6M | 92.9M | 156.0M |
| Other Non-Op Income/Expense | (301.0M) | (1.1B) | (842.6M) | (11.2M) | (552.4M) |
| Non-Operating Income (excl Interest) | — | — | — | 17.6M | — |
| EBT (Pre-Tax Income) | 18.7M | (44.8M) | 72.8M | (639.0K) | (183.4M) |
| Income Tax Expense | 13.0M | 25.2M | 18.8M | 1.6M | (19.9M) |
| Bottom Line | |||||
| Net Income | 5.7M | (70.0M) | 54.0M | (2.3M) | (163.5M) |
| Earnings from Cont. Ops | 5.7M | (70.0M) | 54.0M | (2.3M) | (163.5M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (3.7M) | (75.7M) | 42.6M | (13.0M) | (167.9M) |
| Per Share | |||||
| Basic EPS | ($0.02) | ($0.59) | $0.32 | ($0.11) | ($1.43) |
| Diluted EPS | ($0.04) | ($0.63) | $0.32 | ($0.11) | ($1.43) |
| Revenue Per Share | $7.70 | $8.50 | $8.20 | $1.36 | $4.46 |
| Shares | |||||
| Basic Shares Outstanding | 125.3M | 130.3M | 132.1M | 116.3M | 117.2M |
| Diluted Shares Outstanding | 125.3M | 130.3M | 132.1M | 116.3M | 117.2M |
| Profitability Metrics | |||||
| EBITDA | 682.2M | 1.1B | 927.3M | 20.3M | 398.9M |
| D&A | 9.3M | 10.1M | 11.9M | 27.3M | 29.9M |
| EBIT | 672.9M | 1.1B | 915.4M | (7.0M) | 369.0M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026