RWT (RWT) financial statements
Net income was -$70M.
The diluted share count rose 33% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from RWT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $217M | $229M | $214M | $308M | -$351M | $542M | -$7M | $166M | — | — |
| Selling, general and admin | $5M | $77M | $75M | $109M | $113M | $165M | $141M | $128M | $136M | $154M |
| Operating income | — | $229M | $213M | $295M | -$460M | $525M | -$23M | $149M | — | — |
| Interest expense | $89M | $109M | $239M | $480M | $448M | $427M | $552M | $632M | — | — |
| Pre-tax income | $135M | $152M | $131M | $177M | -$586M | $338M | -$183M | -$639,000 | $73M | -$45M |
| Income tax | $4M | $12M | $11M | $7M | -$5M | $18M | -$20M | $2M | $19M | $25M |
| Net income | $131M | $140M | $120M | $169M | -$582M | $320M | -$164M | -$2M | $54M | -$70M |
| EPS (diluted) | $1.54 | $1.60 | $1.34 | $1.46 | -$5.12 | $2.37 | -$1.43 | -$0.11 | $0.32 | -$0.63 |
| Diluted shares | 98M | 102M | 110M | 137M | 114M | 142M | 117M | 116M | 132M | 130M |
| Operating margin | — | 100.0% | 99.9% | 95.8% | 131.0% | 96.9% | 315.8% | 90.2% | — | — |
| Net margin | 60.6% | 61.2% | 56.0% | 54.9% | 165.6% | 59.0% | 2263.3% | -1.4% | — | — |
Balance sheet
Fiscal years, from RWT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $213M | $145M | $176M | $197M | $461M | $450M | $259M | $293M | $245M | $256M |
| Property, plant and equipment | $3M | $3M | $5M | $5M | $4M | $9M | $13M | $8M | $5M | $6M |
| Goodwill | — | — | $0 | $89M | $0 | $0 | $23M | $23M | $23M | $23M |
| Total assets | $5.5B | $7.0B | $11.9B | $18.0B | $10.4B | $14.7B | $13.0B | $14.5B | $18.3B | $23.7B |
| Total liabilities | $4.3B | $5.8B | $10.6B | $16.2B | $9.2B | $13.3B | $11.9B | $13.3B | $17.1B | $22.7B |
| Shareholders' equity | $1.1B | $1.2B | $1.3B | $1.8B | $1.1B | $1.4B | $1.1B | $1.2B | $1.2B | $983M |
| Net debt | -$213M | -$145M | -$176M | -$197M | -$461M | -$450M | -$259M | -$293M | -$245M | -$256M |
Cash flow
Fiscal years, from RWT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$546M | -$1.7B | -$1.6B | -$1.2B | -$505M | -$5.7B | -$139M | -$2.0B | -$5.9B | -$10.1B |
| Stock-based compensation | $13M | $10M | $14M | $15M | $15M | $19M | $24M | $19M | $25M | $20M |
| Dividends paid | $88M | $88M | $97M | $129M | $84M | $92M | $112M | $88M | $93M | $99M |
| Share buybacks (net) | -$28M | -$8M | -$16M | $0 | -$22M | $0 | -$56M | $0 | $0 | -$52M |
| Net borrowing | $653M | $245M | $199M | — | — | — | — | — | — | — |
| Dividends per share | $0.90 | $0.87 | $0.88 | $0.95 | $0.74 | $0.65 | $0.95 | $0.76 | $0.70 | $0.76 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for RWT.
Open RWT in InvestinglyFrom RWT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.