RWT
Redwood Trust Inc
NYSE: RWT · REAL ESTATE · REIT - MORTGAGE
$5.56
-0.89% today
Updated 2026-04-30
Market cap
$718.72M
P/E ratio
—
P/S ratio
4.05x
EPS (TTM)
$-0.63
Dividend yield
12.50%
52W range
$5 – $7
Volume
1.6M
Redwood Trust Inc (RWT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $901.60M | $216.56M | $161.00M | $131.41M | $189.33M | $89.07M | $178.71M | $270.81M | $213.22M | $214.26M | $259.55M | $239.18M | $216.17M | $327.17M | $-318.03M | $539.60M | $-22.10M | $158.60M | $242.50M | $1.11B |
| Revenue growth (YoY) | — | -76.0% | -25.7% | -18.4% | +44.1% | -53.0% | +100.6% | +51.5% | -21.3% | +0.5% | +21.1% | -7.8% | -9.6% | +51.3% | -197.2% | +269.7% | -104.1% | +817.5% | +52.9% | +356.5% |
| Cost of revenue | $1.16M | $54.84M | $1.17M | $96.57M | $73.85M | $63.83M | $9.78M | $10.08M | $9.75M | $11.92M | $14.84M | $4.04M | $7.48M | $9.94M | $12.73M | $21.98M | $19.72M | $21.74M | $33.59M | $48.38M |
| Gross profit | $206.01M | $216.56M | $161.00M | $131.41M | $189.33M | $89.07M | $168.92M | $260.73M | $203.47M | $202.34M | $244.71M | $239.18M | $208.69M | $317.24M | $-330.76M | $517.62M | $-41.82M | $136.86M | $208.91M | $1.06B |
| Gross margin | 22.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 94.5% | 96.3% | 95.4% | 94.4% | 94.3% | 100.0% | 96.5% | 97.0% | 104.0% | 95.9% | 189.2% | 86.3% | 86.1% | 95.6% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $0.00 | $0.00 | — | — | — |
| SG&A | — | — | — | — | $49.85M | $43.56M | $16.92M | $27.61M | $32.35M | $32.69M | $19.35M | $67.02M | $62.91M | $92.33M | $96.21M | $141.47M | $110.81M | $101.44M | $109.37M | $43.19M |
| Operating income | $137.50M | $-451.68M | $-82.29M | $83.19M | $120.82M | $34.71M | $111.28M | $200.19M | $127.20M | $121.94M | $184.45M | $162.02M | $133.39M | $211.51M | $-439.41M | $356.22M | $-175.73M | $10.57M | $74.51M | $-22.98M |
| Operating margin | 15.3% | -208.6% | -51.1% | 63.3% | 63.8% | 39.0% | 62.3% | 73.9% | 59.7% | 56.9% | 71.1% | 67.7% | 61.7% | 64.6% | 138.2% | 66.0% | 795.0% | 6.7% | 30.7% | -2.1% |
| EBITDA | $778.71M | $-1.10B | $-25.56M | $84.47M | $121.71M | $127.14M | $137.05M | $261.22M | $187.91M | $188.60M | $235.32M | $263.15M | $371.12M | $675.08M | $-30.75M | $800.74M | $398.85M | $12.43M | $927.31M | $1.07B |
| EBITDA margin | 86.4% | -508.0% | -15.9% | 64.3% | 64.3% | 142.7% | 76.7% | 96.5% | 88.1% | 88.0% | 90.7% | 110.0% | 171.7% | 206.3% | 9.7% | 148.4% | -1804.4% | 7.8% | 382.4% | 96.2% |
| EBIT | $839.21M | $-1.10B | $-26.73M | $83.19M | $120.82M | $125.42M | $135.18M | $260.83M | $187.40M | $187.78M | $234.19M | $261.94M | $369.82M | $577.98M | $-48.12M | $768.65M | $382.93M | $-14.85M | $915.40M | $1.06B |
| Interest expense | $701.70M | $658.17M | $416.00M | $132.00M | $84.66M | $99.04M | $120.79M | $81.00M | $87.00M | $95.88M | $88.53M | $109.00M | $239.00M | $480.00M | $448.00M | $427.00M | $552.00M | $631.52M | $842.56M | $18.10M |
| Income tax | $9.97M | $5.19M | $-3.21M | $-4.27M | $280000.00 | $42000.00 | $1.29M | $10.95M | $744000.00 | $-10.35M | $3.71M | $11.75M | $11.09M | $7.44M | $-4.61M | $18.48M | $-19.92M | $1.64M | $18.84M | $25.18M |
| Effective tax rate | 7.3% | -0.5% | 0.7% | -12.2% | 0.3% | 0.2% | 1.0% | 6.1% | 0.7% | -11.3% | 2.7% | 7.7% | 8.5% | 4.2% | 0.8% | 5.5% | 10.9% | -255.9% | 25.9% | -56.2% |
| Net income | $127.53M | $-1.11B | $-444.39M | $39.20M | $110.05M | $26.34M | $127.88M | $168.35M | $100.57M | $102.09M | $131.25M | $140.41M | $119.60M | $169.18M | $-581.85M | $319.61M | $-163.52M | $-2.27M | $54.00M | $-70.03M |
| Net income growth (YoY) | — | -969.3% | +59.9% | +108.8% | +180.8% | -76.1% | +385.5% | +31.6% | -40.3% | +1.5% | +28.6% | +7.0% | -14.8% | +41.5% | -443.9% | +154.9% | -151.2% | +98.6% | +2474.8% | -229.7% |
| Profit margin | 14.1% | -511.9% | -276.0% | 29.8% | 58.1% | 29.6% | 71.6% | 62.2% | 47.2% | 47.6% | 50.6% | 58.7% | 55.3% | 51.7% | 183.0% | 59.2% | 739.8% | -1.4% | 22.3% | -6.3% |