REDWOOD TRUST INC
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $165.6M | $-7.2M | $542.0M | $-351.4M | $308.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $153.9M | $136.4M | $128.3M | $140.9M | $165.2M | $113.5M | $108.7M |
| Operating Income | — | $-44.8M | $72.8M | $630.9M | $369.0M | $764.8M | $-138.5M | $656.4M |
| Operating Margin | — | — | — | 380.9% | -5,106.7% | 141.1% | 39.4% | 212.9% |
| Interest Expense | — | — | — | $631.5M | $552.4M | $426.7M | $448.0M | $479.8M |
| Pretax Income | — | $-44.8M | $72.8M | $-639.0K | $-183.4M | $338.1M | $-586.5M | $176.6M |
| Income Tax Expense | — | $25.2M | $18.8M | $1.6M | $-19.9M | $18.5M | $-4.6M | $7.4M |
| Net Income | — | $-70.0M | $54.0M | $-2.3M | $-163.5M | $319.6M | $-581.8M | $169.2M |
| Net Margin | — | — | — | -1.4% | 2,263.3% | 59.0% | 165.6% | 54.9% |
| EPS (Basic) | — | $-0.63 | $0.32 | $-0.11 | $-1.43 | $2.73 | $-5.12 | $1.63 |
| EPS (Diluted) | — | $-0.63 | $0.32 | $-0.11 | $-1.43 | $2.37 | $-5.12 | $1.46 |
| Shares Outstanding (Basic) | 125.0M | 130.3M | 132.1M | 116.3M | 117.2M | 113.2M | 113.9M | 101.1M |
| Shares Outstanding (Diluted) | 125.0M | 130.3M | 132.1M | 116.3M | 117.2M | 142.1M | 113.9M | 136.8M |
| Dividends Per Share | — | $0.72 | $0.67 | $0.71 | $0.92 | $0.78 | $0.73 | $1.20 |