10x Insights
Loading account…
Companies / Financials / Redwood Trust, Inc.
RWT

Redwood Trust, Inc.

Ticker RWTMILL VALLEY, CAFiscal year ends DecemberBook value per share $7.47Diluted shares 125.1M

Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on U.S. housing credit, acquiring, originating, securitizing, selling and investing in residential mortgage loans and related assets. Its customers and counterparties include third-party loan originators, residential property investors, whole-loan… From the company’s description.

In fiscal 2025, Redwood Trust, Inc. reported revenue of $177.37M, down 31.0% from fiscal 2024, and a net loss of $70.03M. Operations used $10.09B in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$177.37MFY2025
−31.0% year over year
0.00%FY2025
$-70.03MFY2025
−229.7% year over year
Last 12 mo $5.72M
-7.13%FY2025
−11.7 percentage points
Last 12 mo 0.61%
Cash & financing
$-10.09BFY2025
−72.2% year over year
Last 12 mo $-14.28B
$-10.09BFY2025
−72.2% year over year
Last 12 mo $-14.28B
22.69FY2025
Was 14.09× a year earlier
Last 12 mo 29.42
130.3MFY2025
−1.4% year over year
Last 12 mo 125.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Redwood Trust, Inc. does

In the company’s own words

Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on U.S. housing credit, acquiring, originating, securitizing, selling and investing in residential mortgage loans and related assets. Its customers and counterparties include third-party loan originators, residential property investors, whole-loan buyers and institutional investors. Sequoia Mortgage Banking acquires residential consumer mortgages for whole-loan sale, private-label securitization or transfer to the investment portfolio, including expanded-underwriting loans through Aspire. CoreVest Mortgage Banking originates term and bridge loans for investors in single-family rental and multifamily properties. Redwood Investments holds retained interests from the company’s securitizations and other housing-credit investments, while Legacy Investments comprises non-core assets being sold, run off or otherwise disposed of. The company sponsors the SEMT (Sequoia) program for residential mortgage loans and the CAFL program for residential investor loans. Redwood acquired CoreVest in 2019; it launched Aspire in 2025. At December 31, 2025, it employed 351 full-time employees. Its website is www.redwoodtrust.com.

Company details
Sector
Financials
Industry (SIC)
REITs
Headquarters
MILL VALLEY, CA
Fiscal year end
December
CIK
930236
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-694.23M$-357.08M$-19.93M$317.22M$654.36M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Redwood Trust, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

163
funds hold it
0 of 35
superinvestors hold it
$209.74M
held by funds, at market
33.4%
of shares held by funds
4
bond issues held by funds

Largest fund holders · Redwood Trust, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.03%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
Invesco KBW High Dividend Yield Financial ETF
KBWD · Invesco Exchange-Traded Fund Trust II
—of fund net assets
Global X SuperDividend ETF
SDIV · GLOBAL X FUNDS
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Redwood Trust, Inc.’s bonds, as funds hold them

Funds report holding 4 issues of Redwood Trust, Inc.’s debt, $42.04M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 7.84%, maturing 2027 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Redwood Trust, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Redwood Trust, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Redwood Trust, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.