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Redwood
(NYSE:RWT)
Redwood (RWT) vs. SPDR S&P 500 ETF (SPY)
Redwood Business Overview & Revenue Model
Redwood Earnings Call Summary
Redwood Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 212.73M | 998.79M | 158.60M | -22.10M | 539.60M | -318.03M |
| Gross Profit | 175.97M | 208.91M | 136.86M | -41.82M | 517.62M | -330.76M |
| EBITDA | 974.36M | 927.31M | 0.00 | 398.85M | 800.74M | -30.75M |
| Net Income | -88.47M | 54.00M | -2.27M | -163.52M | 319.61M | -581.85M |
Balance Sheet | ||||||
| Total Assets | 22.60B | 18.26B | 14.50B | 13.03B | 14.71B | 10.36B |
| Cash, Cash Equivalents and Short-Term Investments | 226.32M | 456.64M | 347.74M | 388.05M | 656.79M | 679.46M |
| Total Debt | 0.00 | 16.77B | 12.84B | 11.50B | 13.07B | 8.85B |
| Total Liabilities | 21.60B | 17.07B | 13.30B | 11.95B | 13.32B | 9.24B |
| Stockholders Equity | 999.01M | 1.19B | 1.20B | 1.08B | 1.39B | 1.11B |
Cash Flow | ||||||
| Free Cash Flow | -11.66B | -5.86B | -2.02B | -139.14M | -5.69B | -505.47M |
| Operating Cash Flow | -11.66B | -5.86B | -2.02B | -139.14M | -5.69B | -505.47M |
| Investing Cash Flow | 5.51B | 2.54B | 908.72M | 213.89M | 1.40B | 4.07B |
| Financing Cash Flow | 6.28B | 3.27B | 1.15B | -276.87M | 4.28B | -3.31B |
Redwood Technical Analysis
Redwood Risk Analysis
Redwood Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $698.09M | 13.69 | 5.87% | 10.73% | -10.86% | -5.90% | |
62 Neutral | $947.35M | 10.89 | 6.90% | 15.26% | 5.52% | -47.72% | |
56 Neutral | $801.38M | 12.30 | 5.88% | 14.07% | -0.93% | -1.92% | |
54 Neutral | $527.14M | ― | -0.16% | 12.08% | -24.37% | -19.19% | |
45 Neutral | $669.38M | ― | -9.19% | 13.74% | 34.68% | -251.91% | |
41 Neutral | $483.12M | ― | -14.78% | 21.85% | -43.56% | -166.72% |
Redwood Corporate Events
Redwood Trust, Inc. is a specialty finance company that focuses on providing liquidity to segments of the U.S. housing market through securitization platforms, whole-loan distribution, and joint ventures, operating primarily as a real estate investment trust (REIT).
On October 29, 2025, Redwood Trust, Inc. announced its financial results for the third quarter of 2025, highlighting record production volumes and a strategic transition to a core operating model. The company reported a GAAP net loss of $9.5 million, driven by one-time expenses related to legacy investments, but achieved record mortgage banking production of $6.8 billion. Redwood also executed capital management initiatives, including the transfer of $1 billion in legacy investments and the repurchase of five million shares, while expanding its partnership with CPP Investments to support platform growth.
The most recent analyst rating on (RWT) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Redwood stock, see the RWT Stock Forecast page.
On October 28, 2025, Redwood Trust, Inc. announced an expansion of its strategic partnership with Canada Pension Plan Investment Board. This includes extending the joint venture commitment period to September 2028, increasing the secured revolving financing facility to $400 million, and amending warrants issued in March 2024 to extend their expiration and adjust the exercise price. These moves are expected to enhance Redwood’s operational flexibility and strengthen its market position.
The most recent analyst rating on (RWT) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Redwood stock, see the RWT Stock Forecast page.
On September 11, 2025, Redwood Trust, Inc. announced that its Board of Directors declared dividends for the third quarter of 2025. The common stock dividend remains at $0.18 per share, marking the company’s 105th consecutive quarterly dividend, while the Series A preferred stock dividend is set at $0.625 per share. These dividends reflect Redwood’s strong operating volumes and improved investor sentiment, positioning the company to continue delivering value to shareholders.
The most recent analyst rating on (RWT) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on Redwood stock, see the RWT Stock Forecast page.
On August 25, 2025, Redwood Trust, Inc. issued $50 million in 7.75% Convertible Senior Notes due 2027, expanding its existing series of notes originally issued in 2022 and 2024. This issuance increases the total outstanding notes to $297.17 million, providing the company with additional unsecured obligations that rank equally with its other senior unsecured debts. The notes offer conversion options and redemption rights, allowing the company flexibility in managing its financial obligations and maintaining its REIT status, with implications for stakeholders regarding potential conversions and redemptions based on stock performance and market conditions.
The most recent analyst rating on (RWT) stock is a Hold with a $5.75 price target. To see the full list of analyst forecasts on Redwood stock, see the RWT Stock Forecast page.
On March 3, 2025, Redwood Trust, Inc. filed a Registration Statement with the SEC, updating its U.S. federal income tax considerations related to its REIT status and securities offerings. The filing includes an opinion from Latham & Watkins LLP confirming Redwood’s compliance with REIT tax requirements since 2011, though future compliance depends on meeting specific operational and ownership criteria. The company aims to maintain its REIT status, which allows it to avoid double taxation by distributing taxable income to shareholders, but it faces potential tax liabilities on undistributed income and certain transactions.
The most recent analyst rating on (RWT) stock is a Hold with a $5.75 price target. To see the full list of analyst forecasts on Redwood stock, see the RWT Stock Forecast page.
The recent earnings call of Redwood Trust revealed a strategic shift towards a more focused and scalable business model. While the company showcased strong performance in its core mortgage banking operations and aggressive capital reallocation efforts, it also faced significant financial challenges. The repositioning charges and legacy asset issues led to a notable net loss and a decline in book value, reflecting a mixed sentiment during the call.
Redwood Trust, Inc. is a specialty finance company that focuses on providing liquidity to segments of the U.S. housing market not well served by government programs, operating through platforms like Sequoia, Aspire, and CoreVest. In its second quarter of 2025, Redwood Trust reported a significant shift towards a more scalable operating model, highlighting an increase in share repurchase authorization to $150 million. The company is actively winding down its legacy portfolio holdings, aiming to generate up to $250 million of incremental capital by the end of 2025. Key financial metrics revealed a GAAP net loss of $100.2 million, primarily driven by legacy investments, while the mortgage banking platforms continued to show profitability with a combined GAAP return above 20% for four consecutive quarters. Redwood Trust’s forward-looking strategy focuses on reallocating capital to high-performing platforms and enhancing shareholder value through strategic partnerships and stock repurchases.
On July 30, 2025, Redwood Trust, Inc. announced its financial results for the second quarter of 2025, highlighting an accelerated transition to a scalable operating model and an increased share repurchase authorization to $150 million. The company is reallocating capital from legacy investments to high-performing platforms, aiming to unlock long-term earnings potential and enhance shareholder value, despite reporting a GAAP net loss of $100.2 million for the quarter.
The most recent analyst rating on (RWT) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Redwood stock, see the RWT Stock Forecast page.