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Redwood Trust, Inc. 9.125% Seni(RWTN)Earnings, Financials & Key Ratios
RWTN•NYSE•REIT / Real Estate
$24.75
Price updated Jul 7, 2026
AboutRedwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. This segment also offers derivative financial instruments to manage risks associated with residential loans. The Business Purpose Mortgage Banking segment operates a platform that originates and acquires business purpose loans, such as single-family rental and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential and business purpose securitization activities, and residential and small-balance multifamily bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.Show more
- Revenue$275M+13.3%
- FFO-$60M-191.0%
- FFO/Share-0.53-206.3%
- FFO Payout0%-100.0%
- FFO per Share-0.53-206.3%
- NOI Margin89.7%-10.3%
- FFO Margin-21.83%-180.3%
- ROE-6.45%-242.9%
- ROA-0.33%-201.3%
RWTN Price & Volume
Redwood Trust, Inc. 9.125% Seni (RWTN) stock price & volume — 10-year historical chart
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Structural Revenue Contraction Strains Capital Structure Stability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Excessive leverage and volatility
Key Thesis Takeaways
- Redwood Trust faces significant operational headwinds as its conduit model struggles with a 68.8% year-over-year revenue decline and persistent FFO volatility.
- The firm's aggressive reliance on leverage, evidenced by a debt-to-equity ratio of 26.42, creates substantial vulnerability to interest rate fluctuations and credit spread widening.
- Investors should remain cautious as the disconnect between GAAP net income and negative operating cash flow suggests potential liquidity risks that may threaten long-term dividend sustainability.
Verdict Logic
the firm's inability to generate positive operating cash flow, combined with a highly elevated debt-to-equity ratio of 26.42, presents an unfavorable risk-reward profile for investors.
RWTN Growth Metrics
Redwood Trust, Inc. 9.125% Seni (RWTN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.52%
5 Years-
3 Years-
TTM75.62%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-329.88%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-832.47%
Return on Capital
10 Years0.75%
5 Years0.54%
3 Years0.26%
Last Year-0.14%
RWTN Recent Earnings
Redwood Trust, Inc. 9.125% Seni (RWTN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/4 qtrs (0%)●Beat Revenue 1/4 qtrs (25%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$0.21-1.7%
$0.21
Rev
$64M-26.6%
$87M
Q1 2026
Feb 11, 2026Metric
Actual
Est
EPS
$0.13-18.3%
$0.16
Rev
$88M+14.7%
$76M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.00-97.8%
$0.17
Rev
$61M-20.5%
$77M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.10-158.5%
$0.17
Rev
$52M-166.4%
$78M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.21vs $0.21-1.7% | $64Mvs $87M-26.6% |
| Q1 2026 | Feb 11, 2026 | $0.13vs $0.16-18.3% | $88Mvs $76M+14.7% |
| Q4 2025 | Oct 29, 2025 | $0.00vs $0.17-97.8% | $61Mvs $77M-20.5% |
| Q3 2025 | Jul 30, 2025 | $0.10vs $0.17-158.5% | $52Mvs $78M-166.4% |
Based on last 4 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Redwood Trust, Inc. 9.125% Seni (RWTN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $24.75 | $3.1B | -39.92 | 13.31% | -25.49% | -6.45% | 3.79% | |
| $4.72 | $591.02M | -7.49 | 356.5% | -7.88% | -9.19% | — | |
| $9.36 | $955.6M | 5.57 | 213.02% | 20.7% | 7.43% | — | |
| $7.71 | $244.68M | 8.57 | 14.4% | 6.82% | 6.11% | — | |
| $7.84 | $561.68M | 5.94 | 3.17% | 22% | 7.84% | — | |
| $13.04 | $1.09B | 4.74 | 218.22% | 2.72% | 0.75% | — |
Compare RWTN vs Peers
Redwood Trust, Inc. 9.125% Seni (RWTN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
RWTN SEC Filings & Documents
Redwood Trust, Inc. 9.125% Seni (RWTN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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RWTN Frequently Asked Questions
Redwood Trust, Inc. 9.125% Seni (RWTN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Redwood Trust, Inc. 9.125% Seni's revenue?
Redwood Trust, Inc. 9.125% Seni (RWTN) reported $785.2M in revenue for fiscal year 2025. This represents a 190% increase from $270.8M in 2013.
How fast is Redwood Trust, Inc. 9.125% Seni growing?
Redwood Trust, Inc. 9.125% Seni (RWTN) grew revenue by 13.3% over the past year. This is steady growth.
Is RWTN profitable?
Redwood Trust, Inc. 9.125% Seni (RWTN) reported a net loss of $91.7M for fiscal year 2025.
Dividend & Returns
Does RWTN pay dividends?
Yes, Redwood Trust, Inc. 9.125% Seni (RWTN) pays a dividend with a yield of 3.79%. This makes it attractive for income-focused investors.
What is RWTN's return on equity?
Redwood Trust, Inc. 9.125% Seni (RWTN) has a return on equity (ROE) of -6.5%. Negative ROE indicates the company is unprofitable.
Industry Metrics
What is Redwood Trust, Inc. 9.125% Seni's FFO?
Redwood Trust, Inc. 9.125% Seni (RWTN) generated Funds From Operations (FFO) of $-82.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is RWTN a good dividend stock?
Redwood Trust, Inc. 9.125% Seni (RWTN) offers a 3.79% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.