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Friday 6 November 2026
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Redwood Trust, Inc.
Redwood Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 25.2% from fiscal 2024.
- Revenue
- −86.5%
- EPS
- −358.3%
- Free cash flow
- −77.3%
- Total debt
- +36.3%
Quarter to September 2026, against a year earlier
3.21
0.10
+3.22%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
10.15 | 9.12 | 11.77 | 11.18 | 0.00 | 5.57 | 0.00 | 0.00 | 19.79 | 0.00 |
Piotroski F-Score |
5 | 2 | 3 | 3 | 3 | 5 | 3 | 4 | 3 | 2 |
P/S ratio |
4.81 | 4.57 | 3.13 | 2.69 | 1.75 | 2.60 | 1.16 | 1.16 | 0.91 | 0.61 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
5.63 | (1.05) | (4.77) | 46.81 | (3.04) | (0.78) | (84.41) | (0.73) | (1.01) | (0.21) |
P/B ratio |
1.03 | 0.94 | 0.88 | 0.92 | 0.90 | 1.08 | 0.76 | 0.74 | 0.77 | 0.79 |
Price to Tangible BV |
1.15 | 0.99 | 0.93 | 1.00 | 0.95 | 1.11 | 0.80 | 0.76 | 0.79 | 0.81 |
EV/Sales |
20.90 | 26.87 | 30.01 | 27.61 | 16.62 | 24.41 | 17.29 | 20.82 | 19.61 | 20.13 |
EV/EBITDA |
71.80 | 114.13 | 143.77 | 274.33 | 59.55 | 702.92 | 291.04 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(9.44) | (3.89) | (7.05) | (14.74) | (18.80) | (2.46) | (87.97) | (7.48) | (3.16) | (2.36) |
EV/FCF |
(10.25) | (4.07) | (7.39) | (15.73) | (22.01) | (2.50) | (138.41) | (7.66) | (3.20) | (2.40) |
Quick Ratio |
0.27 | 0.09 | 0.10 | 0.11 | 0.78 | 0.22 | 0.15 | 1.70 | 1.00 | 1.13 |
Current Ratio |
4.73 | 2.61 | 3.88 | 6.28 | 13.42 | 5.53 | 5.29 | 60.26 | 52.28 | 55.15 |
Net Debt/EBITDA |
55.29 | 94.71 | 128.76 | 247.62 | 53.28 | 628.11 | 271.55 | (14,330.18) | (1,745.34) | (447.55) |
Debt/Assets |
76.33% | 80.66% | 86.97% | 87.79% | 87.38% | 88.88% | 90.17% | 89.98% | 91.65% | 94.05% |
Debt/Equity |
3.64 | 4.68 | 7.70 | 8.65 | 8.15 | 9.43 | 10.84 | 10.85 | 14.09 | 22.69 |
Asset Turnover |
0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 |
Operating CF/Net income |
(4.28) | (12.53) | (13.91) | (7.09) | 0.87 | (17.82) | 0.85 | 225.03 | (124.76) | 131.03 |
Capex/Depreciation |
(1.71) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11.11% | 11.58% | 9.05% | 10.35% | (39.74%) | 25.60% | (13.24%) | (0.81%) | 4.16% | (7.57%) | |
| 2.18% | 2.18% | 1.22% | 1.10% | (4.12%) | 2.55% | (1.18%) | (0.07%) | 0.29% | (0.37%) | |
ROIC |
1.19% | 0.70% | 0.50% | 0.21% | 0.29% | 0.06% | 0.10% | (0.15%) | (0.12%) | (0.20%) |
Return on Tangible Assets |
3.92% | 4.19% | 1.59% | 1.23% | (6.70%) | 2.91% | (1.72%) | (0.07%) | 0.29% | (0.36%) |
Average Days of Receivables |
27.34 | 39.75 | 45.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 31.10% | 19.88% | 17.47% | 19.85% | 28.74% | 19.91% | 17.71% | 14.43% | 13.01% |
Intangible Assets out of Total Assets |
0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
5.13% | 4.18% | 3.63% | 2.40% | 2.67% | 3.29% | 3.38% | 2.63% | 2.19% | 1.45% |
Graham Net Nets |
(0.17) | (0.47) | (0.67) | (0.15) | 0.18 | 0.05 | (0.30) | (0.28) | (0.77) | (1.00) |
Graham Number |
22.63 | 23.99 | 22.21 | 24.53 | 0.00 | 25.55 | 0.00 | 0.00 | 7.94 | 0.00 |
Earnings Yield |
9.85% | 10.97% | 8.49% | 8.95% | (61.43%) | 17.97% | (20.74%) | (1.66%) | 5.05% | (11.03%) |
Free Cash Flow Yield |
(42.42%) | (144.55%) | (129.65%) | (65.29%) | (43.17%) | (376.36%) | (10.79%) | (233.53%) | (672.30%) | (1,379.51%) |
Revenue per Share |
3.21 | 3.23 | 4.81 | 6.15 | 5.02 | 5.08 | 6.04 | 6.23 | 7.16 | 9.08 |
Operating CF per Share |
(7.11) | (22.31) | (20.47) | (11.53) | (4.44) | (50.29) | (1.19) | (17.34) | (44.40) | (77.50) |
Capex per Share |
0.56 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Free Cash Flow per Share |
(6.55) | (22.31) | (20.47) | (11.53) | (4.44) | (50.29) | (1.19) | (17.34) | (44.40) | (77.50) |
Cash per Share |
2.89 | 1.91 | 2.61 | 2.88 | 4.78 | 4.69 | 2.81 | 3.17 | 2.37 | 3.45 |
Shareholders Equity per Share |
14.98 | 15.79 | 17.13 | 18.07 | 9.75 | 12.24 | 9.25 | 10.34 | 9.00 | 7.54 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
14.98 | 15.79 | 17.13 | 18.07 | 9.75 | 12.24 | 9.25 | 10.34 | 9.00 | 7.54 |
Free Cash Flow |
(502.35) | (1,713.16) | (1,611.73) | (1,165.58) | (505.47) | (5,694.56) | (139.14) | (2,015.82) | (5,862.52) | (10,094.52) |
Working Capital |
3,254.40 | 3,264.18 | 7,271.25 | 13,384.91 | 8,720.13 | 10,965.27 | 9,489.81 | 12,848.21 | 16,088.70 | 21,602.61 |
Capital Expenditures |
43.30 | (0.64) | (25.49) | — | — | — | — | — | — | — |
Net Current Asset Value |
(206.08) | (538.50) | (795.83) | (247.26) | 177.91 | 67.56 | (247.22) | (236.62) | (668.04) | (716.96) |
EV/EBIT |
53.05 | 88.36 | 124.30 | 298.48 | 211.10 | 1,082.02 | 615.69 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
(0.18) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
12.20 | 15.03 | 12.98 | 29.06 | 22.22 | 115.15 | 41.22 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cash ROIC |
(9.04%) | (24.34%) | (13.50%) | (6.51%) | (4.72%) | (37.99%) | (1.06%) | (13.79%) | (32.15%) | (42.55%) |
Accounts Receivable Turnover |
11.80 | 10.91 | 10.22 | 10.53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
20.87 | 22.73 | 37.06 | 59.08 | — | — | — | — | — | — |
Average Assets |
5,851.76 | 6,261.65 | 9,488.62 | 14,966.43 | 14,175.26 | 12,531.01 | 13,868.92 | 13,767.62 | 16,381.34 | 20,979.73 |
Average Common Equity |
1,147.85 | 1,180.86 | 1,280.54 | 1,588.01 | 1,469.07 | 1,248.49 | 1,235.04 | 1,109.87 | 1,128.33 | 1,018.29 |
Columns are period end dates · fundamentals updated 5 Nov 2026