REDWOOD TRUST INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Operating expenses | — | — | $166.3M | $176.2M | $203.9M |
| Interest expense | — | — | $631.5M | $552.4M | $426.7M |
| Pretax income | -$44.8M | $72.8M | -$639,000 | -$183.4M | $338.1M |
| Income tax expense | $25.2M | $18.8M | $1.6M | -$19.9M | $18.5M |
| Net income | -$70.0M | $54.0M | -$2.3M | -$163.5M | $319.6M |
| Balance Sheet | |||||
| Cash and equivalents | $255.7M | $245.2M | $293.0M | $259.0M | $450.0M |
| Total assets | $23.7B | $18.3B | $14.5B | $13.0B | $14.7B |
| Total liabilities | $22.7B | $17.1B | $13.3B | $11.9B | $13.3B |
| Total debt | — | — | $1.7B | $1.7B | $1.7B |
| Stockholders' equity | $982.6M | $1.2B | $1.2B | $1.1B | $1.4B |
| Cash Flow Statement | |||||
| Cash from operations | -$10.1B | -$5.9B | -$2.0B | -$139.1M | -$5.7B |
| Depreciation and amortization | $10.1M | $11.9M | $14.9M | $15.9M | $16.8M |
| Stock-based compensation | $20.0M | $25.0M | $19.1M | $23.9M | $18.9M |
| Dividends paid | $99.0M | $92.9M | $88.4M | $111.7M | $91.7M |
| Share repurchases | $51.8M | $0 | $0 | $56.5M | $0 |
| Impairments | — | — | $0 | $0 | $0 |
Shares outstanding 125.2M · Free float 96.7%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.