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Side-by-side financial comparison of CRISPR Therapeutics AG (CRSP) and REDWOOD TRUST INC (RWT). Click either name above to swap in a different company.

CRISPR Therapeutics AG is the larger business by last-quarter revenue ($35.7M vs $25.9M, roughly 1.4× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -104.5%, a 181.8% gap on every dollar of revenue. On growth, REDWOOD TRUST INC posted the faster year-over-year revenue change (-6.1% vs -82.3%).

CRISPR Therapeutics AG is a Swiss–American biotechnology company headquartered in Zug, Switzerland. The company does business as CRISPR Therapeutics, Inc. in the United States. It was one of the first companies formed to utilize the CRISPR gene editing platform to develop medicines for the treatment of various rare and common diseases. The company has approximately 500 employees and has offices in Zug, Switzerland, Boston, Massachusetts, San Francisco, California and London, United Kingdom. I...

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.

CRSP vs RWT — Head-to-Head

Bigger by revenue
CRSP
CRSP
1.4× larger
CRSP
$35.7M
$25.9M
RWT
Growing faster (revenue YoY)
RWT
RWT
+76.2% gap
RWT
-6.1%
-82.3%
CRSP
Higher net margin
RWT
RWT
181.8% more per $
RWT
77.2%
-104.5%
CRSP

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CRSP
CRSP
RWT
RWT
Revenue
$35.7M
$25.9M
Net Profit
$-37.3M
$20.0M
Gross Margin
Operating Margin
-181.0%
Net Margin
-104.5%
77.2%
Revenue YoY
-82.3%
-6.1%
Net Profit YoY
-141.8%
402.6%
EPS (diluted)
$-0.41
$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
CRSP
CRSP
RWT
RWT
Q4 25
$25.9M
Q3 25
$15.0M
Q2 25
$13.8M
Q1 25
$27.9M
Q4 24
$35.7M
$27.6M
Q3 24
$25.5M
Q2 24
$67.4M
Q1 24
$74.5M
Net Profit
CRSP
CRSP
RWT
RWT
Q4 25
$20.0M
Q3 25
$-7.7M
Q2 25
$-98.5M
Q1 25
$16.1M
Q4 24
$-37.3M
$-6.6M
Q3 24
$14.8M
Q2 24
$15.5M
Q1 24
$30.3M
Operating Margin
CRSP
CRSP
RWT
RWT
Q4 25
Q3 25
-9.0%
Q2 25
-679.0%
Q1 25
80.2%
Q4 24
-181.0%
-1.3%
Q3 24
86.1%
Q2 24
30.3%
Q1 24
41.3%
Net Margin
CRSP
CRSP
RWT
RWT
Q4 25
77.2%
Q3 25
-51.4%
Q2 25
-712.0%
Q1 25
57.8%
Q4 24
-104.5%
-24.0%
Q3 24
58.1%
Q2 24
23.0%
Q1 24
40.6%
EPS (diluted)
CRSP
CRSP
RWT
RWT
Q4 25
$0.11
Q3 25
$-0.08
Q2 25
$-0.76
Q1 25
$0.10
Q4 24
$-0.41
$-0.08
Q3 24
$0.09
Q2 24
$0.10
Q1 24
$0.21

Balance Sheet & Financial Strength

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

Metric
CRSP
CRSP
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$1.9B
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$982.6M
Total Assets
$2.2B
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRSP
CRSP
RWT
RWT
Q4 25
$255.7M
Q3 25
$226.3M
Q2 25
$302.0M
Q1 25
$259.9M
Q4 24
$1.9B
$245.2M
Q3 24
$253.7M
Q2 24
$275.6M
Q1 24
$275.4M
Total Debt
CRSP
CRSP
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
CRSP
CRSP
RWT
RWT
Q4 25
$982.6M
Q3 25
$999.0M
Q2 25
$1.1B
Q1 25
$1.2B
Q4 24
$1.9B
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Total Assets
CRSP
CRSP
RWT
RWT
Q4 25
$23.7B
Q3 25
$22.6B
Q2 25
$21.3B
Q1 25
$19.9B
Q4 24
$2.2B
$18.3B
Q3 24
$18.4B
Q2 24
$16.5B
Q1 24
$15.1B
Debt / Equity
CRSP
CRSP
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
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
CRSP
CRSP
RWT
RWT
Operating Cash FlowLast quarter
$-50.0M
$-10.1B
Free Cash FlowOCF − Capex
$-50.3M
FCF MarginFCF / Revenue
-140.9%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters
$-325.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRSP
CRSP
RWT
RWT
Q4 25
$-10.1B
Q3 25
$-2.7B
Q2 25
$-2.1B
Q1 25
$-2.0B
Q4 24
$-50.0M
$-5.9B
Q3 24
$-2.1B
Q2 24
$-2.0B
Q1 24
$-954.2M
Free Cash Flow
CRSP
CRSP
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-50.3M
Q3 24
Q2 24
Q1 24
FCF Margin
CRSP
CRSP
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-140.9%
Q3 24
Q2 24
Q1 24
Capex Intensity
CRSP
CRSP
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.7%
Q3 24
Q2 24
Q1 24
Cash Conversion
CRSP
CRSP
RWT
RWT
Q4 25
-504.15×
Q3 25
Q2 25
Q1 25
-120.92×
Q4 24
Q3 24
-140.86×
Q2 24
-126.56×
Q1 24
-31.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRSP
CRSP

Collaboration Revenue$35.0M98%
Grant$2.3M6%

RWT
RWT

Segment breakdown not available.

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