← REDWOOD TRUST INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | — | — | $175.8m | $197.0m | $461.3m | $450.5m | $258.9m | $293.1m | $245.2m | $255.7m | |
| Restricted Cash and Cash Equivalents | — | — | $29.3m | $93.9m | $83.2m | $81.0m | $70.5m | — | — | — | |
| Cash and cash equivalents | $212.8m | $144.7m | $175.8m | $197.0m | $461.3m | $450.5m | $258.9m | $293.1m | $245.2m | $255.7m | |
| Property, Plant and Equipment, Net | — | — | $5.1m | $4.9m | $4.2m | $9.0m | $12.6m | $7.8m | $4.7m | $6.4m | |
| Goodwill | — | — | $0 | $88.7m | — | $0 | $23.4m | $23.4m | $23.4m | $23.4m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | $0 | $72.8m | — | — | $40.9m | $28.5m | $19.0m | $10.6m | |
| Operating Lease, Right-of-Use Asset | — | — | $0 | $11.9m | $15.0m | $18.8m | $16.2m | $12.5m | $9.2m | $8.9m | |
| Other assets | $179.2m | $195.0m | $217.8m | $348.3m | $130.6m | $231.1m | $211.2m | $351.1m | $415.7m | $413.5m | |
| Additional Financial Items | |||||||||||
| Fair value of loans | — | — | — | — | $14.4b | $19.2b | $12.2b | $13.6b | $17.1b | $28.9b | |
| Home equity investments | — | — | — | — | — | $192.7m | $403.5m | $550.4m | $589.8m | $329.9m | |
| Real estate securities | $1.0b | $1.5b | $1.5b | $1.1b | $344.1m | $377.4m | $240.5m | $127.8m | $405.2m | $423.0m | |
| Servicing investments | $118.5m | $63.6m | — | — | — | — | — | — | $297.7m | $302.2m | |
| Strategic investments | — | $63.6m | $438.5m | $358.1m | $348.2m | $642.0m | $390.9m | $343.9m | $375.8m | $102.0m | |
| Derivative assets | $36.6m | $15.7m | $35.8m | $35.7m | $53.2m | $26.5m | $20.8m | $14.2m | $46.0m | $105.6m | |
| Restricted cash | $8.6m | $2.1m | $29.3m | $93.9m | $83.2m | $81.0m | $70.5m | $75.7m | $67.8m | $193.4m | |
| Asset-backed securities issued (includes $17,433,600 and $12,879,530 at fair value), net | $773.5m | $1.2b | $5.4b | $10.5b | $7.1b | $9.3b | $8.0b | $9.8b | $13.3b | $17.5b | |
| Debt obligations, net | — | — | $2.6b | $3.0b | $1.4b | $1.6b | $1.7b | $1.7b | $3.5b | $4.8b | |
| Derivative liabilities | $66.3m | $63.1m | $84.9m | $163.4m | $16.1m | $3.3m | $16.9m | $33.8m | $23.7m | $28.1m | |
| Cumulative earnings | $1.1b | $1.3b | $1.4b | $1.6b | $997.3m | $1.3b | $1.2b | $1.1b | $1.2b | $1.1b | |
| Cumulative distributions to stockholders | ($1.7b) | ($1.8b) | ($1.9b) | ($2.1b) | ($2.1b) | ($2.2b) | ($2.4b) | ($2.4b) | ($2.5b) | ($2.6b) | |
| Total Equity | $1.1b | $1.2b | $1.3b | $1.8b | $1.1b | $1.4b | $1.1b | $1.2b | $1.2b | $982.6m | |
| Assets | — | — | $11.9b | $18.0b | $10.4b | $14.7b | $13.0b | $14.5b | $18.3b | $23.7b | |
| Total Assets | $5.5b | $7.0b | $11.9b | $18.0b | $10.4b | $14.7b | $13.0b | $14.5b | $18.3b | $23.7b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Accounts Payable, Current | — | — | $423k | $5.3m | $6.5m | $0 | $4.2m | $5.0m | $6.8m | $9.7m | |
| Dividends Payable | — | — | — | — | — | — | — | $1 | $1 | $1 | |
| Accrued expenses and other liabilities | $72.4m | $67.7m | $78.7m | $146.2m | $179.3m | $245.8m | $180.2m | $216.8m | $313.7m | $398.9m | |
| Deferred Income Tax Liabilities, Net | — | — | $9.0m | $5.2m | — | — | — | — | — | — | |
| Long-term Debt | — | — | — | — | — | $1.6b | $1.7b | $1.7b | — | — | |
| Deferred Tax Liabilities, Net | — | — | $9.0m | $5.2m | — | — | — | — | — | — | |
| Liabilities: | |||||||||||
| Liabilities | — | — | $10.6b | $16.2b | $9.2b | $13.3b | $11.9b | $13.3b | $17.1b | $22.7b | |
| Total liabilities | $4.3b | $5.8b | $10.6b | $16.2b | $9.2b | $13.3b | $11.9b | $13.3b | $17.1b | $22.7b | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | — | — | — | — | — | — | — | $66.9m | $66.9m | $66.9m | |
| Common Stock, Value, Issued | — | — | $849k | $1.1m | $1.1m | $1.1m | $1.1m | $1.3m | $1.3m | $1.2m | |
| Retained Earnings (Accumulated Deficit) | — | — | $1.4b | $1.6b | $997.3m | $1.3b | $1.2b | $1.1b | $1.2b | $1.1b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | $61.3m | $41.5m | ($4.2m) | ($8.9m) | ($68.9m) | ($58.0m) | ($43.1m) | ($31.7m) | |
| Additional Paid in Capital, Common Stock | — | — | $1.8b | $2.3b | $2.3b | $2.3b | $2.3b | $2.5b | $2.5b | $2.5b | |
| Additional paid-in capital | $1.7b | $1.7b | $1.8b | $2.3b | $2.3b | $2.3b | $2.3b | $2.5b | $2.5b | $2.5b | |
| Accumulated other comprehensive loss | $71.9m | $85.2m | $61.3m | $41.5m | ($4.2m) | ($8.9m) | ($68.9m) | ($58.0m) | ($43.1m) | ($31.7m) | |
| Stockholders' Equity Attributable to Parent | — | — | $1.3b | $1.8b | $1.1b | $1.4b | $1.1b | $1.2b | $1.2b | $982.6m | |
| Liabilities and Equity | — | — | $11.9b | $18.0b | $10.4b | $14.7b | $13.0b | $14.5b | $18.3b | $23.7b | |
| Total Liabilities and Equity | $5.5b | $7.0b | $11.9b | $18.0b | $10.4b | $14.7b | $13.0b | $14.5b | $18.3b | $23.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.