Redwood Trust, Inc. 9.125% Seni
Real EstateNYSE:RWTN · New York Stock Exchange
-$0.12 today
Vol 0.01M · Avg 0.01M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$785.2M of revenue converted into -$91.7M of net income for the selected period. Gross margin is 93.9% and net margin is -4.8%, showing how much revenue survives after costs and taxes. EPS is $-1.50, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $274.8M +13.3% | $242.5M +52.9% | $158.6M +817.5% | -$22.1M -104.1% | $539.6M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $28.3M | $0 | $0 | $0 | $0 | $725.6M | $804.0M | $882.4M |
| Gross Profit | $246.5M +1.6% | $242.5M +52.9% | $158.6M +817.5% | -$22.1M -104.1% | $539.6M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 89.7% -10.3pp | 100.0% +0.0pp | 100.0% +0.0pp | 100.0% +0.0pp | 100.0% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $153.9M +14.5% | $134.4M +6.4% | $126.3M -5.7% | $133.9M -17.0% | $161.4M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $273.1M +103.2% | $134.4M +6.4% | $126.3M -5.7% | $133.9M -17.0% | $161.4M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $374.2M | $1.2B | $631.8M |
| EBITDA | -$26.8M | $0 | $0 | $0 | $0 | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -9.7% | 0.0% | 0.0% | 0.0% | 0.0% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$26.7M -124.7% | $108.1M +234.7% | $32.3M +120.7% | -$156.0M -141.3% | $378.2M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -9.7% -54.3pp | 44.6% +24.2pp | 20.4% -685.4pp | 705.8% +635.7pp | 70.1% | 16.6% | 24.1% | 22.0% |
| Interest Income | $82.7M | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $18.1M -97.9% | $842.6M | $0 | $0 | $0 | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$18.2M +48.4% | -$35.3M -7.0% | -$32.9M -20.1% | -$27.4M +31.6% | -$40.1M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$44.9M -161.6% | $72.8M +11499.2% | -$639.0K +99.7% | -$183.4M -154.3% | $338.1M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -16.3% -46.4pp | 30.0% +30.4pp | -0.4% -830.3pp | 829.9% +767.2pp | 62.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $25.2M +33.7% | $18.8M +1052.1% | $1.6M +108.2% | -$19.9M -207.8% | $18.5M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$70.0M -229.7% | $54.0M +2474.8% | -$2.3M +98.6% | -$163.5M -151.2% | $319.6M | $4.9B | $4.8B | $4.7B |
| Net Margin | -25.5% -47.8pp | 22.3% +23.7pp | -1.4% -741.2pp | 739.8% +680.5pp | 59.2% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$1 -293.7% | $0 +390.9% | -$0 +92.3% | -$1 -160.3% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$1 -293.7% | $0 +390.9% | -$0 +92.3% | -$1 -165.9% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $113.1M -14.4% | $132.1M +13.6% | $116.3M -0.8% | $117.2M -10.0% | $130.2M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $113.1M -14.4% | $132.1M +13.6% | $116.3M -0.8% | $117.2M -17.5% | $142.1M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
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SEC Filings
Recent regulatory filings
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How much revenue does RWTN generate?
Redwood Trust, Inc. 9.125% Seni (RWTN) reported $274.78M of revenue in fiscal 2025.
Is RWTN profitable?
Redwood Trust, Inc. 9.125% Seni (RWTN) reported -$70,049,000.00 of net income, with a net margin of -25.5%.
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