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Side-by-side financial comparison of Airsculpt Technologies, Inc. (AIRS) and REDWOOD TRUST INC (RWT). Click either name above to swap in a different company.

Airsculpt Technologies, Inc. is the larger business by last-quarter revenue ($33.4M vs $25.9M, roughly 1.3× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 3.8%, a 73.4% gap on every dollar of revenue. On growth, REDWOOD TRUST INC posted the faster year-over-year revenue change (-6.1% vs -14.6%). Over the past eight quarters, Airsculpt Technologies, Inc.'s revenue compounded faster (-16.2% CAGR vs -41.0%).

Airsculpt Technologies, Inc. is a medical technology and aesthetic services provider specializing in its proprietary minimally invasive AirSculpt body contouring treatments. The company operates premium clinics across the United States, catering to consumers seeking precise fat removal and body shaping solutions with significantly shorter recovery times than traditional cosmetic procedures.

Redwood Trust Inc is a specialized U.S.-headquartered real estate investment trust (REIT). It manages investment portfolios covering residential and commercial mortgage loans, mortgage-backed securities, and real estate credit assets. Its core segments include residential mortgage lending, commercial real estate credit, and investment management, serving institutional investors and real estate market stakeholders.

AIRS vs RWT — Head-to-Head

Bigger by revenue
AIRS
AIRS
1.3× larger
AIRS
$33.4M
$25.9M
RWT
Growing faster (revenue YoY)
RWT
RWT
+8.6% gap
RWT
-6.1%
-14.6%
AIRS
Higher net margin
RWT
RWT
73.4% more per $
RWT
77.2%
3.8%
AIRS
Faster 2-yr revenue CAGR
AIRS
AIRS
Annualised
AIRS
-16.2%
-41.0%
RWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AIRS
AIRS
RWT
RWT
Revenue
$33.4M
$25.9M
Net Profit
$1.3M
$20.0M
Gross Margin
Operating Margin
-3.0%
Net Margin
3.8%
77.2%
Revenue YoY
-14.6%
-6.1%
Net Profit YoY
126.7%
402.6%
EPS (diluted)
$0.02
$0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AIRS
AIRS
RWT
RWT
Q4 25
$33.4M
$25.9M
Q3 25
$35.0M
$15.0M
Q2 25
$44.0M
$13.8M
Q1 25
$39.4M
$27.9M
Q4 24
$39.2M
$27.6M
Q3 24
$42.5M
$25.5M
Q2 24
$51.0M
$67.4M
Q1 24
$47.6M
$74.5M
Net Profit
AIRS
AIRS
RWT
RWT
Q4 25
$1.3M
$20.0M
Q3 25
$-9.5M
$-7.7M
Q2 25
$-591.0K
$-98.5M
Q1 25
$-2.8M
$16.1M
Q4 24
$-4.8M
$-6.6M
Q3 24
$-6.0M
$14.8M
Q2 24
$-3.2M
$15.5M
Q1 24
$6.0M
$30.3M
Operating Margin
AIRS
AIRS
RWT
RWT
Q4 25
-3.0%
Q3 25
-27.9%
-9.0%
Q2 25
1.8%
-679.0%
Q1 25
-4.0%
80.2%
Q4 24
-9.9%
-1.3%
Q3 24
-8.7%
86.1%
Q2 24
-9.8%
30.3%
Q1 24
23.1%
41.3%
Net Margin
AIRS
AIRS
RWT
RWT
Q4 25
3.8%
77.2%
Q3 25
-27.2%
-51.4%
Q2 25
-1.3%
-712.0%
Q1 25
-7.2%
57.8%
Q4 24
-12.3%
-24.0%
Q3 24
-14.2%
58.1%
Q2 24
-6.3%
23.0%
Q1 24
12.7%
40.6%
EPS (diluted)
AIRS
AIRS
RWT
RWT
Q4 25
$0.02
$0.11
Q3 25
$-0.15
$-0.08
Q2 25
$-0.01
$-0.76
Q1 25
$-0.05
$0.10
Q4 24
$-0.08
$-0.08
Q3 24
$-0.10
$0.09
Q2 24
$-0.06
$0.10
Q1 24
$0.10
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIRS
AIRS
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$8.4M
$255.7M
Total DebtLower is stronger
$56.0M
Stockholders' EquityBook value
$87.7M
$982.6M
Total Assets
$187.3M
$23.7B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRS
AIRS
RWT
RWT
Q4 25
$8.4M
$255.7M
Q3 25
$5.4M
$226.3M
Q2 25
$8.2M
$302.0M
Q1 25
$5.6M
$259.9M
Q4 24
$8.2M
$245.2M
Q3 24
$6.0M
$253.7M
Q2 24
$9.9M
$275.6M
Q1 24
$11.0M
$275.4M
Total Debt
AIRS
AIRS
RWT
RWT
Q4 25
$56.0M
Q3 25
$56.9M
Q2 25
$57.7M
Q1 25
$68.5M
Q4 24
$69.7M
Q3 24
$70.1M
Q2 24
$70.7M
Q1 24
$71.2M
$1.7B
Stockholders' Equity
AIRS
AIRS
RWT
RWT
Q4 25
$87.7M
$982.6M
Q3 25
$82.1M
$999.0M
Q2 25
$91.2M
$1.1B
Q1 25
$77.3M
$1.2B
Q4 24
$78.2M
$1.2B
Q3 24
$82.5M
$1.2B
Q2 24
$85.0M
$1.2B
Q1 24
$83.5M
$1.2B
Total Assets
AIRS
AIRS
RWT
RWT
Q4 25
$187.3M
$23.7B
Q3 25
$185.9M
$22.6B
Q2 25
$198.4M
$21.3B
Q1 25
$203.3M
$19.9B
Q4 24
$212.8M
$18.3B
Q3 24
$208.2M
$18.4B
Q2 24
$210.1M
$16.5B
Q1 24
$202.7M
$15.1B
Debt / Equity
AIRS
AIRS
RWT
RWT
Q4 25
0.64×
Q3 25
0.69×
Q2 25
0.63×
Q1 25
0.89×
Q4 24
0.89×
Q3 24
0.85×
Q2 24
0.83×
Q1 24
0.85×
1.39×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIRS
AIRS
RWT
RWT
Operating Cash FlowLast quarter
$-2.5M
$-10.1B
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-7.7%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
-1.97×
-504.15×
TTM Free Cash FlowTrailing 4 quarters
$692.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRS
AIRS
RWT
RWT
Q4 25
$-2.5M
$-10.1B
Q3 25
$-225.0K
$-2.7B
Q2 25
$5.0M
$-2.1B
Q1 25
$868.0K
$-2.0B
Q4 24
$2.7M
$-5.9B
Q3 24
$1.8M
$-2.1B
Q2 24
$3.4M
$-2.0B
Q1 24
$3.4M
$-954.2M
Free Cash Flow
AIRS
AIRS
RWT
RWT
Q4 25
$-2.6M
Q3 25
$-405.0K
Q2 25
$4.7M
Q1 25
$-1.0M
Q4 24
$-815.0K
Q3 24
$-3.1M
Q2 24
$-576.0K
Q1 24
$1.8M
FCF Margin
AIRS
AIRS
RWT
RWT
Q4 25
-7.7%
Q3 25
-1.2%
Q2 25
10.7%
Q1 25
-2.6%
Q4 24
-2.1%
Q3 24
-7.2%
Q2 24
-1.1%
Q1 24
3.8%
Capex Intensity
AIRS
AIRS
RWT
RWT
Q4 25
0.2%
Q3 25
0.5%
Q2 25
0.6%
Q1 25
4.8%
Q4 24
9.0%
Q3 24
11.5%
Q2 24
7.9%
Q1 24
3.3%
Cash Conversion
AIRS
AIRS
RWT
RWT
Q4 25
-1.97×
-504.15×
Q3 25
Q2 25
Q1 25
-120.92×
Q4 24
Q3 24
-140.86×
Q2 24
-126.56×
Q1 24
0.56×
-31.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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