Redwood Trust, Inc. 9.125% Seni (RWTN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 26.82B | 23.7B | 22.6B | 21.33B | 19.87B | 18.26B | 18.43B | 16.49B | 15.06B | 14.5B | 13.02B | 12.8B | 13.12B | 13.03B | 13.15B | 13.88B | 14.25B | 14.71B | 13.07B | 12B |
| Asset Growth % | 34.94% | 29.81% | 22.65% | 29.36% | 31.97% | 25.88% | 41.52% | 28.87% | 14.76% | 11.31% | -0.95% | -7.77% | -7.94% | -11.4% | 0.56% | 15.66% | 30.8% | 42.03% | 25.67% | 15.78% |
| Real Estate & Other Assets | 638.58M | -22.76B | 21.06B | 19.67B | -49.63M | -147.27M | 18.34B | 16.12B | 14.69B | 14.11B | 12.71B | 12.33B | 12.61B | 12.65B | 12.73B | 13.42B | 13.76B | 14.17B | 12.44B | 11.5B |
| PP&E (Net) | 16.31M | 15.26M | 15.54M | 15.3M | 15.43M | 13.84M | 15.9M | 17.27M | 18.76M | 20.36M | 21.82M | 23.33M | 24.59M | 28.79M | 29.54M | 28.26M | 28.02M | 27.79M | 23M | 21.57M |
| Investment Securities | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 202M | 256M | 226.32M | 301.98M | 260M | 526.87M | 523.67M | 275.58M | 275.39M | 293.1M | 203.62M | 357.31M | 404.45M | 258.89M | 297.09M | 371.3M | 409.27M | 450.49M | 556.99M | 421.22M |
| Cash & Equivalents | 202M | 256M | 226.32M | 301.98M | 260M | 312.93M | 253.67M | 275.58M | 275.39M | 293.1M | 203.62M | 357.31M | 404.45M | 258.89M | 297.09M | 371.3M | 409.27M | 450.49M | 556.99M | 421.22M |
| Receivables | 0 | 0 | 1000K | 1000K | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | -254.76M | -273.59M | 0 | -526.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 111.76M | 105M | 36.01M | 46.48M | 49.63M | 106.28M | 47.85M | 52.11M | 53.07M | 53.34M | 57.6M | 60.92M | 62.62M | 66.31M | 68.93M | 58.28M | 57.77M | 54M | 57.63M | 57.84M |
| Total Liabilities | 25.86B | 22.72B | 21.6B | 20.28B | 18.69B | 17.07B | 17.2B | 15.27B | 13.83B | 13.3B | 11.92B | 11.67B | 11.98B | 11.95B | 11.99B | 12.62B | 12.81B | 13.32B | 11.7B | 10.7B |
| Total Debt | 25.29B | 22.29B | 21.21B | 19.74B | 15.66B | 16.75B | 16.82B | 14.97B | 12.34B | 11.49B | 10.22B | 9.99B | 10.18B | 9.72B | 9.67B | 10.55B | 10.84B | 10.89B | 9.68B | 9.02B |
| Net Debt | 25.08B | 22.04B | 20.98B | -301.98M | 15.4B | 16.43B | 16.57B | 14.69B | 12.06B | 11.2B | 10.02B | 9.63B | 9.78B | 9.46B | 9.38B | 10.18B | 10.43B | 10.44B | 9.13B | 8.6B |
| Long-Term Debt | 21.93B | 22.29B | 18.58B | 17.32B | 15.66B | 15.19B | 16.82B | 14.97B | 12.34B | 11.49B | 10.22B | 9.99B | 10.18B | 9.72B | 9.67B | 10.55B | 10.84B | 10.89B | 9.68B | 9.02B |
| Short-Term Borrowings | 3.36B | 3.28B | 2.62B | 1.88B | 0 | 1.55B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 9.71M | 0 | 11.6M | 0 | 0 | 7.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 3.36B | 3.28B | 2.94B | 1.6M | 1.84B | 1.55B | 2.04B | 139.61M | 88.72M | 86.42M | 81.16M | 76.11M | 77.17M | 83.28M | 75.38M | 69.06M | 86.22M | 118.31M | 102.97M | 83.29M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 560.12M | 427M | 406.81M | 2.95B | 3.03B | -15.2B | 381.99M | 159.1M | 1.41B | 1.72B | 1.61B | 1.61B | 1.73B | 2.14B | 2.24B | 2B | 1.89B | 2.31B | 1.91B | 1.6B |
| Total Equity | 957M | 983M | 999.01M | 1.05B | 1.18B | 1.19B | 1.22B | 1.22B | 1.23B | 1.2B | 1.11B | 1.12B | 1.14B | 1.08B | 1.15B | 1.26B | 1.45B | 1.39B | 1.38B | 1.3B |
| Equity Growth % | -19.17% | -17.25% | -18.41% | -13.81% | -3.4% | -1.35% | 10.73% | 8.72% | 7.73% | 11.09% | -4.2% | -10.65% | -21.28% | -21.8% | -16.11% | -2.86% | 18.9% | 24.77% | 30.6% | 38.28% |
| Shareholders Equity | 957M | 983M | 999.01M | 1.05B | 1.18B | 1.19B | 1.22B | 1.22B | 1.23B | 1.2B | 1.11B | 1.12B | 1.14B | 1.08B | 1.15B | 1.26B | 1.45B | 1.39B | 1.38B | 1.3B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 1.25M | 1.25M | 1.27M | 1.32M | 1.33M | 1.32M | 1.32M | 1.32M | 1.32M | 1.31M | 1.19M | 1.14M | 1.14M | 1.14M | 1.13M | 1.17M | 1.2M | 1.15M | 1.15M | 1.13M |
| Additional Paid-in Capital | 2.47B | 2.46B | 2.48B | 2.5B | 2.51B | 2.5B | 2.5B | 2.5B | 2.49B | 2.49B | 2.4B | 2.36B | 2.36B | 2.35B | 2.35B | 2.36B | 2.39B | 2.32B | 2.31B | 2.29B |
| Retained Earnings | -1.55B | -1.52B | -1.51B | -1.48B | -1.35B | -1.34B | -1.31B | -1.3B | -1.29B | -1.3B | -1.29B | -1.24B | -1.22B | -1.2B | -1.13B | -1.05B | -920.81M | -922.93M | -939.52M | -1B |
| Preferred Stock | 66.95M | 66.95M | 66.95M | 66.95M | 66.95M | 66.95M | 68.43M | 66.95M | 68.43M | 68.43M | 66.92M | 66.92M | 66.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | -0.02% | 0.09% | -0.04% | -0.48% | 0.08% | -0.04% | 0.08% | 0.1% | 0.2% | 0.15% | -0.24% | 0.02% | 0.04% | -0.34% | -0.37% | -0.71% | 0.21% | 0.32% | 0.7% | 0.79% |
| Return on Equity (ROE) | -0.57% | 2.02% | -0.75% | -8.8% | 1.36% | -0.55% | 1.21% | 1.27% | 2.49% | 1.82% | -2.76% | 0.25% | 0.42% | -3.94% | -4.18% | -7.4% | 2.18% | 3.19% | 6.61% | 7.17% |
| Debt / Assets | 94.29% | 94.05% | 93.83% | 92.55% | 78.8% | 91.72% | 91.28% | 90.78% | 81.92% | 79.24% | 78.5% | 78.03% | 77.59% | 74.59% | 73.59% | 76.03% | 76.02% | 74.08% | 74.07% | 75.2% |
| Debt / Equity | 26.42x | 22.68x | 21.23x | 18.74x | 13.23x | 14.10x | 13.74x | 12.25x | 10.06x | 9.54x | 9.24x | 8.88x | 8.95x | 8.97x | 8.38x | 8.39x | 7.50x | 7.86x | 7.04x | 6.97x |
| Net Debt / EBITDA | 25805.56x | 615.97x | 73.48x | -1.68x | 57.78x | 14517.65x | 453.53x | 374.76x | 249.93x | 391.95x | - | 500.58x | 515.49x | - | - | - | 226.24x | 140.31x | 89.53x | 75.60x |
| Book Value per Share | 7.67 | 7.77 | 7.74 | 7.92 | 8.92 | 8.99 | 9.27 | 9.25 | 9.32 | 9.83 | 9.58 | 9.82 | 9.97 | 9.56 | 9.94 | 10.51 | 10.29 | 9.66 | 9.70 | 9.14 |