| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net (loss) income | -90,049 | -82,345 |
| Amortization of premiums, discounts, and debt issuance costs, net | -8,830 | -5,672 |
| Depreciation and amortization of non-financial assets | 7,789 | 5,460 |
| Originations of held-for-sale loans | 1,401,522 | 846,335 |
| Purchases of held-for-sale loans | 9,125,996 | 5,210,370 |
| Proceeds from sales of held-for-sale loans | 3,565,676 | 1,905,228 |
| Principal payments on held-for-sale loans | 152,079 | 59,508 |
| Net settlements of derivatives | 101,693 | -16,853 |
| Non-cash equity award compensation expense and other | 14,804 | 9,733 |
| Market valuation adjustments | -8,406 | -32,865 |
| Realized gains, net | 1,159 | 1,206 |
| Other assets | -40,810 | 42,281 |
| Accrued expenses and other liabilities | -15,246 | 115,176 |
| Net cash used in operating activities | -6,733,885 | -4,065,748 |
| Originations and purchases of loan investments | 427,922 | 258,975 |
| Proceeds from sales of loans | 100,619 | 91,204 |
| Principal payments on loan investments | 3,045,770 | 1,703,903 |
| Purchases of hei | 8,986 | 6,060 |
| Repayments on hei | 26,796 | 21,711 |
| Proceeds from sales of hei | 262,447 | - |
| Purchases of real estate securities | 229,325 | 22,087 |
| Proceeds from sales of real estate securities | 134,217 | 115,281 |
| Principal payments on real estate securities | 15,756 | 537 |
| Repayments from servicer advance investments, net | 8,066 | -5,583 |
| Other investing activities, net | 5,995 | 2,097 |
| Net cash provided by investing activities | 2,921,443 | 1,637,834 |
| Proceeds from issuance of asset-backed securities | 5,908,124 | 3,770,078 |
| Repayments on asset-backed securities issued | 2,838,325 | 1,414,056 |
| Proceeds from borrowings on debt obligations | 11,234,976 | 6,815,713 |
| Repayments on debt obligations | 10,343,347 | 6,534,950 |
| Debt issuance costs paid | 11,004 | 8,490 |
| Taxes paid on equity award distributions | 3,065 | 2,875 |
| Net proceeds from issuance of common stock | 393 | 238 |
| Net payments on repurchase of common stock | 37,070 | 7,513 |
| Dividends paid on common stock | 74,971 | 50,675 |
| Dividends paid on preferred stock | 5,257 | 3,507 |
| Other financing activities, net | -750 | -750 |
| Net cash provided by financing activities | 3,829,704 | 2,563,213 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 17,262 | 135,299 |
| Cash and cash equivalents at beginning of period | 312,927 | - |
| Cash and cash equivalents at end of period | 330,189 | - |
REDWOOD TRUST INC (RWTP)
REDWOOD TRUST INC (RWTP)