REDWOOD TRUST INC

RWT

REDWOOD TRUST INC

RWT

Insider Sentiment (TTM):

Last Purchase:2024-05-30Last Sale:2024-12-23Shares Purchased (TTM):0Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:85,366,105Shares Outstanding:124,769,331Institutional Ownership Pct.:68.42%

Earnings Market Reaction:

Filing Date:2026-08-05Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Residential Loans Held For Sale	-	-	-	-	-	-	-	-	-	-	911	414
Residential Consumer Loans Held For Sale	-	21,300	17,936	2,581	1,450	12,752	11,078	400	451	512	911	-
Residential Consumer Loans Held For Investment At …	-	-	-	-	-	-	-	1,547	1,143	7,105	-	-
Residential Investor Loans Held For Sale	-	-	-	-	-	-	-	6	-21	281	-	-
Residential Investor Loans Held For Investment	-	-	-	-	-	-	-	-140	-281	4,901	-	-
Business Purpose Residential Loans Heldfor Sale	-	-	3,617	-	-	-	4,587	-	-	-	180	-180
Residential Loans Held For Investment At Fair Valu…	-	-	-	-	-	-	10,064	-	-	-	6,139	-23
Multifamily Loans	-	-	0	-423	-1	424	425	4	-1	423	425	0
Business Purpose Residential Loans Heldfor Investm…	-	-	-	-	-	-	4,350	-	-	-	5,040	203
Business Purpose Residential Loans Held For Sale	-	3,311	-	-482	-101	4,440	-	-	-	-	-	-
Assets
Marketable Securities	481	476	423	419	265	376	405	334	264	212	128	129
Servicing Asset At Fair Value Amount	291	300	302	282	298	298	298	-	-	-	-	-
Other Investments	97	107	102	82	78	85	78	342	350	78	344	340
Derivative Assets	59	155	106	98	220	159	46	79	49	3	14	38
Cash And Cash Equivalents At Carrying Value	192	202	256	226	302	260	245	254	276	275	293	204
Restricted Cash	99	92	193	104	146	87	68	72	64	65	76	56
Goodwill	23	23	23	23	23	23	23	-	-	23	23	23
Intangible Assets Net Excluding Goodwill	-	-	-	-	-	-	-	-	-	26	28	32
Other Assets	471	509	414	398	449	368	416	428	403	334	380	250
Assets	28,818	26,816	23,701	22,601	21,333	19,872	18,258	18,427	16,491	15,058	14,504	13,021
Liabilities And Stockhold…
Liabilities
Short Term Borrowings	-	-	-	-	-	-	-	-	-	1,251	1,558	1,477
Secured Debt	22,516	20,418	17,492	16,825	15,985	14,458	13,270	13,020	11,556	10,628	9,812	8,392
Other Long Term Debt	4,957	4,867	4,799	612	3,745	3,761	3,463	387	3,415	1,707	3,239	28
Derivative Liabilities	11	156	28	57	69	13	24	8	6	6	34	9
Accrued Liabilities Current And Noncurrent	401	418	399	363	481	457	314	375	294	241	217	208
Liabilities	27,884	25,859	22,718	21,602	20,280	18,688	17,070	17,204	15,270	13,834	13,302	11,915
Stockholders Equity Inclu…
Preferred Stock Value	67	67	67	67	67	67	67	67	67	67	67	67
Common Stock Value	1	1	1	1	1	1	1	1	1	1	1	1
Additional Paid In Capital Common Stock	2,472	2,468	2,463	2,478	2,502	2,507	2,504	2,502	2,497	2,494	2,488	2,395
Accumulated Other Comprehensive Income Loss Net Of…	-31	-31	-32	-36	-39	-39	-43	-39	-47	-49	-58	-65
Retained Earnings Accumulated Deficit	1,104	1,107	1,114	1,096	1,106	1,206	1,191	1,200	1,187	1,173	1,144	1,125
Cumulative Dividends	-2,680	-2,655	-2,632	-2,608	-2,583	-2,558	-2,533	-2,508	-2,484	-2,462	-2,440	-2,418
Stockholders Equity	934	957	983	999	1,053	1,183	1,188	1,223	1,221	1,224	1,203	1,106
Liabilities And Stockholders Equity	28,818	26,816	23,701	22,601	21,333	19,872	18,258	18,427	16,491	15,058	14,504	13,021
Variable Interest Entity Primary Beneficiary	-	22,076	18,927	800	17,484	0	14,655	1,468	994	11,850	10,989	146
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	3	3	3	3	3	3	3	3	3	3	3	3
Debt Instrument Fair Value	-	20,418	17,434	16,610	15,714	14,128	12,880	12,564	10,976	9,980	9,151	7,910
Preferred Stock Shares Issued	3	3	3	3	3	3	3	3	3	3	3	3
Preferred Stock Shares Outstanding	3	3	3	3	3	3	3	3	3	3	3	3
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	392	392	392	392	392	392	392	392	392	392	392	395
Common Stock Shares Issued	126	125	124	127	132	133	133	132	132	132	131	119
Shares Outstanding	126	125	124	127	132	133	133	132	132	132	131	119

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-2.87%	-10.57%	-8.52%	-	-	-	-	-	-	-	-	-
2025	-6.52%	3.31%	7.03%	6.62%	3.34%	1.36%	6.37%	10.22%	16.00%	-11.57%	2.54%	-11.48%
2024	1.12%	6.13%	21.01%	8.61%	13.63%	10.25%	-0.28%	-6.00%	-9.43%	-5.11%	-5.11%	-14.11%
2023	-	-	-	5.66%	-6.37%	-11.36%	8.85%	13.50%	6.61%	6.03%	-4.85%	11.90%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	-0.94	-1.24	-1.15	-1.29	-1.21	-0.85	-0.87	-0.84	-0.94	-0.96	-1.00	-1.13
Per Share Metrics
Diluted EPS TTM	0.06	-0.75	-0.54	-0.81	-0.62	0.26	0.36	0.63	0.27	0.18	-0.02	-0.61
Free Cash Flow Per Share TTM	-113.97	-101.38	-77.50	-58.81	-52.69	-51.68	-44.40	-46.57	-37.54	-23.35	-17.34	-7.60
Dividend Per Share TTM	0.78	0.78	0.76	0.58	0.56	0.72	0.70	0.68	0.65	0.63	0.76	0.81
Margin Metrics
Gross Profit Margin TTM	192.13%	192.94%	193.01%	192.48%	191.14%	189.50%	189.14%	224.16%	226.98%	228.54%	229.27%	185.90%
Operating Profit Margin TTM	1.37%	-5.94%	-3.79%	-6.52%	-4.66%	6.37%	7.71%	10.96%	5.54%	3.55%	-0.09%	-10.76%
Net Profit Margin TTM	0.52%	-7.37%	-5.92%	-9.36%	-7.71%	3.42%	4.97%	9.56%	4.48%	3.07%	-0.31%	-9.97%
Growth Metrics
Net Revenue Growth (1Y)	27.74%	25.21%	25.16%	29.20%	34.41%	34.88%	30.46%	22.71%	12.51%	7.71%	2.35%	1.61%
Net Income Growth (1Y)	-108.64%	-369.83%	-249.03%	-226.50%	-331.31%	50.30%	-2,166.36%	-217.78%	-140.38%	-112.05%	-98.61%	-6.46%
EPS Growth (1Y)	-109.17%	-387.12%	-251.09%	-229.64%	-329.76%	48.94%	-1,919.63%	-202.85%	-134.86%	-110.41%	-98.60%	-5.96%
Valuation Metrics
P/E TTM	83.25	-7.22	-9.59	-6.42	-8.33	19.72	15.10	9.86	18.83	27.82	-282.18	-8.51
P/B TTM	0.64	0.71	0.68	0.68	0.65	0.58	0.60	0.67	0.55	0.52	0.53	0.54
P/S TTM	0.43	0.53	0.57	0.60	0.64	0.67	0.75	0.94	0.84	0.85	0.89	0.85
Market Cap	594.08M	674.66M	671.49M	674.53M	688.07M	682.82M	709.74M	818.86M	672.25M	640.89M	641.68M	600.08M
Enterprise Value	402.23M	472.24M	222.38M	448.21M	386.09M	422.91M	396.81M	492.90M	332.87M	1.55B	1.83B	1.87B
Calculated Values
Free Cash Flow TTM	-14.28B	-12.65B	-10.09B	-7.59B	-7.01B	-6.86B	-5.86B	-6.16B	-4.96B	-3.07B	-2.02B	-877.17M
Net Debt	-191.85M	-202.41M	-449.11M	-226.32M	-301.98M	-259.92M	-312.93M	-325.97M	-339.38M	911.06M	1.19B	1.27B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2024-12-23Sale

Owner: Stone, Andrew P

Title: Chief Legal Officer

Shares: 13,844

Price/Share: $6.50

Value: $89,986.00

Shares Owned: 149,671

Relationship: Officer

Ownership: Direct

2024-05-30Purchase

Owner: Carillo, Brooke

Title: Chief Financial Officer

Shares: 15,000

Price/Share: $6.25

Value: $93,750.00

Shares Owned: 56,772

Relationship: Officer

Ownership: Direct

2022-12-20Sale

Owner: Stone, Andrew P

Title: Chief Legal Officer

Shares: 7,000

Price/Share: $6.86

Value: $48,020.00

Shares Owned: 106,821

Relationship: Officer

Ownership: Direct

2022-12-20Sale

Owner: Cochrane, Collin L.

Title: Chief Accounting Officer

Shares: 11,706

Price/Share: $6.86

Value: $80,303.16

Shares Owned: 56,899

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2024-12-23	Stone, Andrew P	Officer	Chief Legal Officer	Direct	Sale	13,844	6.50	$89,986.00	149,671	4
2024-05-30	Carillo, Brooke	Officer	Chief Financial Officer	Direct	Purchase	15,000	6.25	$93,750.00	56,772	4
2022-12-20	Stone, Andrew P	Officer	Chief Legal Officer	Direct	Sale	7,000	6.86	$48,020.00	106,821	4
2022-12-20	Cochrane, Collin L.	Officer	Chief Accounting Officer	Direct	Sale	11,706	6.86	$80,303.16	56,899	4
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Institutional Ownership

No data available for chart

2026-03-31

68.42%

Inst. Shares: 85,366,105

Shares Outstanding: 124,769,331

2025-12-31

70.64%

Inst. Shares: 92,003,165

Shares Outstanding: 130,250,167

2025-09-30

71.06%

Inst. Shares: 91,686,761

Shares Outstanding: 129,018,261

2025-06-30

71.16%

Inst. Shares: 94,645,759

Shares Outstanding: 133,006,312

2025-03-31

71.54%

Inst. Shares: 94,986,861

Shares Outstanding: 132,766,199

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	85,366,105	124,769,331	68.42%
2025-12-31	92,003,165	130,250,167	70.64%
2025-09-30	91,686,761	129,018,261	71.06%
2025-06-30	94,645,759	133,006,312	71.16%
2025-03-31	94,986,861	132,766,199	71.54%
2024-12-31	96,662,672	132,050,825	73.20%
2024-09-30	97,866,849	132,218,180	74.02%
2024-06-30	96,356,281	132,115,854	72.93%
2024-03-31	95,386,121	131,570,347	72.50%
2023-12-31	93,780,766	116,283,328	80.65%
2023-09-30	83,430,265	115,465,977	72.26%
2023-06-30	75,013,816	114,051,017	65.77%
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REDWOOD TRUST INC (RWT) — SEC Financial Statements & Analysis

REDWOOD TRUST INC (RWT) is a real estate investment trusts company, incorporated in MD. REDWOOD TRUST INC trades on NYSE as: RWT, RWTN, RWTO, RWTP, RWT-PA, RWTQ, RWTS. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), REDWOOD TRUST INC reported a 27.74% year-over-year revenue growth, a Gross Profit Margin of 192.13% (TTM), a Price-to-Sales (P/S) ratio of 0.43x (TTM), a Price-to-Book (P/B) ratio of 0.64x (TTM), at a market cap of $594.08M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 27.74%
Gross Profit Margin TTM: 192.13%
P/S TTM: 0.43x
P/B TTM: 0.64x
Market Cap: $594.08M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is REDWOOD TRUST INC in?

REDWOOD TRUST INC (RWT) operates in the Real Estate Investment Trusts industry.

What is RWT's market cap?

REDWOOD TRUST INC (RWT) has a market capitalization of $594.08M as of 2026-06-30.

What is RWT's P/E ratio?

REDWOOD TRUST INC (RWT)'s trailing twelve month P/E ratio is 83.25x as of 2026-06-30.

What exchange does RWT trade on?

REDWOOD TRUST INC (RWT) trades on the NYSE.

Where is REDWOOD TRUST INC incorporated?

REDWOOD TRUST INC is incorporated in MD.