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Complete financial analysis of Redwood Trust, Inc. (RWT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Redwood Trust, Inc., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Redwood Trust, Inc. (RWT)
About Redwood Trust, Inc.
Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. This segment also offers derivative financial instruments to manage risks associated with residential loans. The Business Purpose Mortgage Banking segment operates a platform that originates and acquires business purpose loans, such as single-family rental and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential and business purpose securitization activities, and residential and small-balance multifamily bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 158.30M | -27.00M | 526.00M | -363.00M | 308.00M | 214.00M | 229.00M | 215.00M | 188.80M | 191.00M | 285.00M | 201.98M | 89.07M | 189.33M | 131.41M | 161.00M | 216.56M | 206.01M | 262.85M | 282.53M | 183.44M | 76.62M | 48.00M | 31.49M | 28.30M | 23.30M | 35.20M | 16.90M | 4.80M | 500.00K |
| Cost of Revenue | 21.74M | 37.84M | 32.09M | 17.37M | 20.11M | 2.75M | 4.04M | 7.42M | 5.90M | 9.75M | 10.08M | 9.78M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 136.56M | -64.84M | 493.91M | -380.37M | 287.89M | 211.25M | 224.96M | 207.58M | 182.90M | 181.25M | 274.92M | 192.19M | 89.07M | 189.33M | 131.41M | 161.00M | 216.56M | 206.01M | 262.85M | 282.53M | 183.44M | 76.62M | 48.00M | 31.49M | 28.30M | 23.30M | 35.20M | 16.90M | 4.80M | 500.00K |
| Gross Profit Ratio | 86.27% | 240.16% | 93.90% | 104.78% | 93.47% | 98.71% | 98.24% | 96.55% | 96.87% | 94.90% | 96.46% | 95.16% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | -0.25 | 0.50 | -1.45 | 0.23 | 0.31 | 0.46 | 0.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 128.30M | 141.00M | 171.00M | 115.00M | 119.00M | 69.56M | 69.29M | 68.98M | 82.25M | 84.88M | 78.53M | 60.07M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 34.66M | 36.90M | 18.38M | 11.84M | 7.85M | 25.40M | 10.60M | 4.70M | 2.60M | 1.10M | 100.00K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.02M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 128.30M | 141.00M | 171.00M | 115.00M | 119.00M | 69.56M | 69.29M | 68.98M | 82.25M | 84.88M | 78.53M | 60.07M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 34.66M | 36.90M | 18.38M | 11.84M | 7.85M | 25.40M | 10.60M | 4.70M | 2.60M | 1.10M | 100.00K |
| Other Expenses | 0.00 | -16.00M | -17.00M | -109.00M | -13.00M | 217.44M | 103.71M | 80.02M | 74.75M | 2.00M | -12.00M | 70.93M | 176.00M | 85.00M | 116.00M | 469.00M | 710.00M | 761.00M | 806.00M | 0.00 | 0.00 | 0.00 | 71.12M | 118.20M | 67.30M | 128.30M | 151.70M | 43.60M | 8.20M | 600.00K |
| Operating Expenses | 128.30M | 125.00M | 154.00M | 6.00M | 106.00M | 287.00M | 173.00M | 149.00M | 157.00M | 162.00M | 142.00M | 131.00M | 176.00M | 85.00M | 116.00M | 469.00M | 710.00M | 761.00M | 806.00M | -36.90M | -36.90M | -18.38M | 82.95M | 126.05M | 92.70M | 138.90M | 156.40M | 46.20M | 9.30M | 700.00K |
| Cost & Expenses | 147.12M | 125.00M | 154.00M | 6.00M | 106.00M | 287.00M | 173.00M | 149.00M | 157.00M | 162.00M | 142.00M | 131.00M | 176.00M | 85.00M | 116.00M | 469.00M | 710.00M | 761.00M | 806.00M | -36.90M | -36.90M | -18.38M | 82.95M | 126.05M | 92.70M | 138.90M | 156.40M | 46.20M | 9.30M | 700.00K |
| Interest Income | 724.46M | 708.00M | 575.00M | 572.00M | 622.00M | 379.00M | 248.00M | 246.00M | 259.43M | 242.00M | 226.00M | 231.38M | 217.18M | 230.05M | 287.88M | 568.00M | 855.54M | 885.16M | 959.52M | 655.32M | 339.62M | 163.22M | 144.54M | 169.99M | 147.40M | 222.80M | 198.60M | 67.30M | 15.70M | 1.30M |
| Interest Expense | 631.52M | 552.00M | 427.00M | 448.00M | 480.00M | 239.00M | 109.00M | 89.00M | 95.88M | 87.00M | 81.00M | 120.79M | 99.04M | 84.66M | 132.00M | 416.00M | 651.76M | 701.70M | 757.52M | 431.92M | 202.86M | 91.71M | 98.07M | 138.60M | 119.30M | 199.60M | 164.00M | 50.40M | 10.90M | 800.00K |
| Depreciation & Amortization | 14.85M | 360.85M | -97.03M | 451.77M | 97.10M | 51.62M | 66.71M | 99.51M | 824.00K | 513.00K | 388.00K | 1.87M | 1.71M | 885.00K | 1.28M | 1.17M | -60.19M | -60.50M | -74.63M | -87.01M | -12.38M | 9.96M | 11.23M | 4.17M | 6.80M | 32.00M | 27.10M | 6.00M | 100.00K | -100.00K |
| EBITDA | 0.00 | 384.88M | 0.00 | 0.00 | 0.00 | 371.12M | 263.15M | 235.33M | 188.60M | 187.91M | 261.22M | 137.05M | 0.00 | 121.71M | 84.47M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | -1,570.08% | 67.45% | 156.92% | 60.43% | 173.38% | 114.49% | 104.48% | 99.81% | 99.10% | 93.18% | 126.61% | 142.73% | 103.46% | 128.00% | -15.87% | -236.37% | 377.99% | 342.52% | 207.25% | 179.02% | 206.58% | 296.20% | 513.57% | 451.59% | 833.48% | 621.31% | 408.88% | 295.83% | 220.00% |
| Operating Income | 1.06M | 408.00M | 338.00M | -587.00M | 176.00M | 369.73M | 260.97M | 223.49M | 187.63M | 188.78M | 265.17M | 253.85M | 125.42M | 195.00M | 166.93M | -26.73M | -451.68M | 137.50M | 217.39M | 672.55M | 137.90M | 148.32M | 130.96M | 157.54M | 121.00M | 162.20M | 191.60M | 63.10M | 14.10M | 1.20M |
| Operating Income Ratio | 0.67% | -1,511.11% | 64.26% | 161.71% | 57.14% | 172.77% | 113.96% | 103.95% | 99.38% | 98.84% | 93.04% | 125.68% | 140.81% | 102.99% | 127.03% | -16.60% | -208.57% | 66.74% | 82.71% | 238.05% | 75.17% | 193.58% | 272.81% | 500.32% | 427.56% | 696.14% | 544.32% | 373.37% | 293.75% | 240.00% |
| Total Other Income/Expenses | -1.70M | -568.32M | -3.81M | -93.52M | -6.23M | -240.44M | 0.00 | -10.10M | 0.00 | 0.00 | -16.00M | 21.79M | -9.47M | -10.23M | -49.63M | -367.24M | -651.76M | 0.00 | 0.00 | 0.00 | 0.00 | -91.71M | -109.30M | -142.77M | -126.00M | -231.60M | -191.10M | -56.40M | -11.00M | -700.00K |
| Income Before Tax | -639.00K | -184.00M | 338.00M | -587.00M | 176.00M | 131.00M | 152.00M | 135.00M | 91.74M | 102.00M | 184.00M | 133.06M | 25.24M | 111.48M | 34.84M | -447.60M | -1.10B | 137.50M | 217.39M | 240.63M | 137.90M | 56.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | -0.40% | 681.48% | 64.26% | 161.71% | 57.14% | 61.21% | 66.38% | 62.79% | 48.59% | 53.40% | 64.56% | 65.88% | 28.33% | 58.88% | 26.52% | -278.01% | -509.54% | 66.74% | 82.71% | 85.17% | 75.17% | 73.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 1.64M | -20.00M | 18.00M | -5.00M | 7.00M | 11.00M | 12.00M | 4.00M | -10.35M | 1.00M | 11.00M | 1.29M | 42.00K | 280.00K | -4.27M | -3.21M | 5.19M | 9.97M | 17.52M | 8.00M | 5.50M | 0.00 | 98.07M | 138.60M | 119.30M | 199.60M | 164.00M | 50.40M | 10.90M | 800.00K |
| Net Income | -6.27M | -164.00M | 319.61M | -582.00M | 169.00M | 120.00M | 140.00M | 131.00M | 102.09M | 101.00M | 173.00M | 131.77M | 26.34M | 110.05M | 39.20M | -444.00M | -1.11B | 127.53M | 199.87M | 232.64M | 132.39M | 56.62M | 32.89M | 18.93M | 1.70M | -37.40M | 27.60M | 12.70M | 3.20M | 400.00K |
| Net Income Ratio | -3.96% | 607.41% | 60.76% | 160.33% | 54.87% | 56.07% | 61.14% | 60.93% | 54.07% | 52.88% | 60.70% | 65.24% | 29.58% | 58.13% | 29.83% | -275.78% | -511.93% | 61.90% | 76.04% | 82.34% | 72.17% | 73.89% | 68.51% | 60.13% | 6.01% | -160.52% | 78.41% | 75.15% | 66.67% | 80.00% |
| EPS | -0.11 | -1.40 | 2.73 | -5.11 | 1.63 | 1.09 | 1.78 | 1.66 | 1.20 | 1.18 | 2.05 | 1.61 | 0.31 | 1.37 | 0.56 | -13.45 | -39.70 | 4.96 | 8.11 | 10.85 | 7.42 | 3.52 | 2.97 | 1.84 | -0.10 | -2.83 | 1.86 | 1.45 | 0.95 | 0.20 |
| EPS Diluted | -0.11 | -1.40 | 2.37 | -5.11 | 1.46 | 1.09 | 1.60 | 1.54 | 1.18 | 1.15 | 1.94 | 1.59 | 0.31 | 1.36 | 0.55 | -13.45 | -39.70 | 4.85 | 7.96 | 10.47 | 7.04 | 3.41 | 2.88 | 1.82 | -0.10 | -2.83 | 1.81 | 1.32 | 0.85 | 0.20 |
| Weighted Avg Shares Out | 116.28M | 117.23M | 113.23M | 113.94M | 101.12M | 110.03M | 76.79M | 76.75M | 82.95M | 82.84M | 81.99M | 79.53M | 78.23M | 77.84M | 68.46M | 33.02M | 27.93M | 25.71M | 24.64M | 21.44M | 17.75M | 15.18M | 10.16M | 8.79M | 9.77M | 13.20M | 13.33M | 7.95M | 5.52M | 208.00K |
| Weighted Avg Shares Out (Dil) | 116.28M | 117.23M | 142.07M | 113.94M | 136.78M | 110.03M | 101.98M | 97.91M | 84.52M | 85.10M | 93.69M | 80.67M | 78.30M | 78.81M | 68.99M | 33.02M | 27.93M | 26.30M | 25.12M | 22.22M | 18.71M | 15.80M | 10.47M | 8.90M | 9.77M | 13.20M | 13.68M | 8.74M | 5.52M | 208.00K |
Redwood Trust, Inc. (RWT) Q3 2023 Earnings Call Transcript
Call Start: 17:00 January 1, 0000 5:57 PM ET Redwood Trust, Inc. (NYSE:RWT ) Q3 2023 Earnings Conference Call October 30, 2023 05:00 PM ET Company Participants Kaitlyn Mauritz - Senior Vice President, Investor Relations Chris Abate - Chief Executive...
Redwood Trust (RWT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Redwood Trust (RWT) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street...
Redwood Trust (RWT) Q3 Earnings and Revenues Miss Estimates
Redwood Trust (RWT) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.16 per share a year ago.
Redwood Trust Reports Third Quarter 2023 Financial Results
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2023. Key Q3 2023 Financial Results and...
Redwood Trust: Book Value Likely To Decrease, But Not As Much As Agency REITs
Redwood Trust investors will need to watch delinquency trends, which climbed last quarter. RWT's book value will likely decline as a result of rising mortgage rates, but not nearly to the extent of agency REITs. With the stock still trading...
Redwood Trust (RWT) Expected to Beat Earnings Estimates: Should You Buy?
Redwood Trust (RWT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Redwood Trust Announces Date of Third Quarter 2023 Financial Results Webcast and Conference Call
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its third quarter 2023 results on October 30, 2023 after the close of...
Redwood Trust Declares Third Quarter 2023 Common and Preferred Dividends
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust Declares Third Quarter 2023 Common and Preferred Dividends.
Redwood Trust (RWT) Launches Home Equity Investment Platform
Redwood Trust's (RWT) in-house home equity investment origination platform, Aspire, underlines the company's efforts to bring innovative solutions to the non-Agency housing market.
Redwood Trust Announces Launch of Home Equity Investment Platform
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT) (“Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today formally announced the launch of Aspire, its in-house home equity investment (“HEI”) origination platform. HEI provides...
Source: https://incomestatements.info
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