REDWOOD MORTGAGE INVESTORS IX
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | — | — | 96.6% |
| FY2017 | — | — | 95.4% |
| FY2018 | — | — | 91.3% |
| FY2019 | — | — | 82.0% |
| FY2020 | — | — | 76.2% |
| FY2021 | — | — | 73.4% |
| FY2022 | — | — | 66.7% |
| FY2023 | — | — | 62.0% |
| FY2024 | — | — | 54.7% |
| FY2025 | — | — | 35.9% |