Redwood Trust, Inc.

NYSE:RWT Stock Report

Market Cap: US$809.4m

Redwood Trust Past Earnings Performance

Past criteria checks 4/6

Redwood Trust has been growing earnings at an average annual rate of 33.8%, while the Mortgage REITs industry saw earnings growing at 13.1% annually. Revenues have been growing at an average rate of 22.2% per year. Redwood Trust's return on equity is 3.4%, and it has net margins of 11.8%.

Key information

33.79%

Earnings growth rate

34.62%

EPS growth rate

Mortgage REITs Industry Growth4.45%
Revenue growth rate22.17%
Return on equity3.37%
Net Margin11.76%
Next Earnings Update30 Jul 2025

Recent past performance updates

Recent updates

Redwood Trust: Two Baby Bonds Yielding Over 9.5% To Maturity For Income Investors

Jul 14
author-image

CoreVest Partnerships And Aspire Expansion Will Tap Growing Nontraditional Loan Market

Strategic initiatives, including Aspire platform expansion and joint ventures, target nontraditional and residential loan markets to boost revenue and efficiency.

Redwood Trust: Lower Rates May Increase Capital Deployed

Jan 08

Redwood Trust Recently Issued 2 Notes Maturing In 2029

Aug 12

Redwood Trust: Why The 10.3% Yielding Preferreds Should Be Considered

Apr 15

Redwood Trust: Book Value Likely To Decrease, But Not As Much As Agency REITs

Oct 28

Redwood Trust: An Emerging Winner In The Regional Bank Chaos

Aug 17

Redwood Trust EAD of -$0.11

Feb 09

Redwood Trust prices $65M preferred stock offering

Jan 11

Redwood Trust Non-GAAP EPS of $0.16 beats by $0.09

Oct 27

Redwood Trust stock gains 5% after hours on preliminary Q3 results

Oct 13

Redwood Trust declares $0.23 dividend

Sep 13

Redwood Trust downgraded to Neutral at BTIG on interest rate uncertainty

Aug 31

Redwood Trust announces $125M stock buyback program

Jul 28

Redwood Trust closes on $313M securitization backed by single-family rental loans

Jun 29

Redwood Trust: Enjoy The High Yield, But Forget Price Growth

Apr 25

Revenue & Expenses Breakdown

How Redwood Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:RWT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 25242281390
31 Dec 24242431340
30 Sep 24269701340
30 Jun 24210251280
31 Mar 24187121240
31 Dec 23159-131260
30 Sep 2380-761260
30 Jun 2367-941350
31 Mar 23-47-1961350
31 Dec 22-22-1681340
30 Sep 2299-811350
30 Jun 22241571430
31 Mar 224572451510
31 Dec 215403091610
30 Sep 215803201570
30 Jun 216283721370
31 Mar 216844501260
31 Dec 20-318-5841090
30 Sep 20-331-5901160
30 Jun 20-456-6941110
31 Mar 20-594-8281100
31 Dec 193271641060
30 Sep 192261161020
30 Jun 19231122990
31 Mar 19223123860
31 Dec 18216116750
30 Sep 18240147630
30 Jun 18235142620
31 Mar 18248146630
31 Dec 17239137770
30 Sep 17206131620
30 Jun 17216147630
31 Mar 17237152650
31 Dec 16260128600
30 Sep 16304143690
30 Jun 16297111720
31 Mar 1624797760
31 Dec 1521499800
30 Sep 1522485850
30 Jun 15229111850
31 Mar 15234100810
31 Dec 1421398760
30 Sep 1420496690

Quality Earnings: RWT has a high level of non-cash earnings.

Growing Profit Margin: RWT's current net profit margins (11.8%) are higher than last year (6.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RWT has become profitable over the past 5 years, growing earnings by 33.8% per year.

Accelerating Growth: RWT's earnings growth over the past year (129.2%) exceeds its 5-year average (33.8% per year).

Earnings vs Industry: RWT earnings growth over the past year (129.2%) exceeded the Mortgage REITs industry -18.5%.

Return on Equity

High ROE: RWT's Return on Equity (3.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/17 16:03
End of Day Share Price 2025/07/17 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Redwood Trust, Inc. is covered by 20 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kenneth BruceBofA Global Research
Eric HagenBTIG
Michael DianaCantor Fitzgerald & Co.