Redwood Trust, Inc.

Redwood Trust, Inc.

RWT-PA
Redwood Trust, Inc.US flagNew York Stock Exchange
24.40
USD
-0.23
- -
3.05BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
288
192
189
217
229
206
296
-364
520
-27
144
223
131
116
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
1
1
1
1
1
10
17
17
16
15
12
10
10
Net Income, GAAP
173
101
102
131
140
120
169
-582
320
-164
-2
54
-70
-92
Effective Tax Rate (%)
5.94
0.73
- -
2.75
7.72
8.48
4.21
- -
5.47
- -
- -
25.86
- -
28.57
Profit Margin (%)
60.25
52.27
54.07
60.58
61.23
58.18
57.17
159.77
61.46
606.93
-1.58
24.18
-53.47
-79.27
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2,419
2,740
3,077
3,394
3,740
7,982
13,344
8,404
10,777
9,600
11,493
14,645
18,884
21,800
Total Equity
1,246
1,256
1,146
1,149
1,212
1,349
1,827
1,111
1,386
1,084
1,203
1,188
983
957
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
-13.23
-0.78
4.02
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3,042
3,248
3,251
LT Borrowings
17,973
18,874
21,791
LT Finance Leases
12
11
10
Preferred Equity and Hybrid Capital
67
67
67
Shares Outstanding
127
124
125
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
511
543
497
Accounts Receivable, Net
123
131
143
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
264
274
302
ST Debt
3,042
3,248
3,251
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.87%
-0.92%
-17.28%
Free Cash Flow
260.75%
508.16%
72.19%
Net Income, GAAP
-349.1%
-621.84%
-229.67%
Sales/Revenue/Turnover
-113.71%
-193.64%
-41.35%
Total Cash Common Dividend
2.35%
4.45%
6.54%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
69
59
60
35
223
2025
64
-53
43
77
131
2026
48
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Dashiell I. Robinson
Full Time Employees
283
Sector
Real Estate
Industry
REIT - Mortgage
Address
One Belvedere Place Mill Valley CA United States of America 94941
IPO Date
Jan 11, 2023
Business
Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company and real estate investment trust focused on housing credit, providing liquidity to U.S. residential, business purpose, and multifamily market segments underserved by government programs through securitization platforms, whole-loan sales, and investment portfolio activities. The company operates three primary segments: Sequoia Mortgage Banking, which acquires residential consumer loans from third-party originators for sale, private-label securitization via its SEMT program, or portfolio transfer; CoreVest Mortgage Banking, which originates business purpose loans including single-family rental and bridge loans for securitization, sale, or investment portfolio retention, often through its CAFL private-label program; and Redwood Investments, which holds organic credit-sensitive assets such as retained securities from securitizations, alongside RWT Horizons venture investments in early-stage lending, real estate, and fintech companies aligned with its platforms. Redwood Trust serves diverse investors including private wealth managers, pension funds, and retirement plans; maintains headquarters in Mill Valley, California, where it was founded in 1994; and conducts all operations within the United States. Recent developments include a March 2024 US$750 million strategic capital partnership with CPP Investments featuring a US$500 million asset joint venture (80% CPP, 20% Redwood) targeting over US$4 billion in residential investor bridge and term loan acquisitions, with Redwood earning administration and performance fees, plus a US$250 million revolving corporate financing facility and warrants for Redwood common stock; an upsized common stock repurchase authorization to $150 million announced in July 2025; a $100 million senior notes offering priced in November 2025; and a reopening of $50 million 7.75% convertible senior notes due 2027 in August 2025, alongside record production volumes and accelerated transition to its core operating model as reported in third quarter 2025 results.