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

GYRE THERAPEUTICS, INC. is the larger business by last-quarter revenue ($37.2M vs $25.9M, roughly 1.4× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -3.7%, a 80.9% gap on every dollar of revenue. On growth, GYRE THERAPEUTICS, INC. posted the faster year-over-year revenue change (33.4% vs -6.1%). Over the past eight quarters, GYRE THERAPEUTICS, INC.'s revenue compounded faster (17.0% CAGR vs -41.0%).

GYRE Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel targeted therapies for hard-to-treat hematologic malignancies and solid tumors. It focuses on precision oncology to address unmet patient needs, with operations primarily based in North America.

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.

GYRE vs RWT — Head-to-Head

Bigger by revenue
GYRE
GYRE
1.4× larger
GYRE
$37.2M
$25.9M
RWT
Growing faster (revenue YoY)
GYRE
GYRE
+39.5% gap
GYRE
33.4%
-6.1%
RWT
Higher net margin
RWT
RWT
80.9% more per $
RWT
77.2%
-3.7%
GYRE
Faster 2-yr revenue CAGR
GYRE
GYRE
Annualised
GYRE
17.0%
-41.0%
RWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GYRE
GYRE
RWT
RWT
Revenue
$37.2M
$25.9M
Net Profit
$-1.4M
$20.0M
Gross Margin
95.3%
Operating Margin
0.3%
Net Margin
-3.7%
77.2%
Revenue YoY
33.4%
-6.1%
Net Profit YoY
-340.1%
402.6%
EPS (diluted)
$-0.01
$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
GYRE
GYRE
RWT
RWT
Q4 25
$37.2M
$25.9M
Q3 25
$30.6M
$15.0M
Q2 25
$26.8M
$13.8M
Q1 25
$22.1M
$27.9M
Q4 24
$27.9M
$27.6M
Q3 24
$25.5M
$25.5M
Q2 24
$25.2M
$67.4M
Q1 24
$27.2M
$74.5M
Net Profit
GYRE
GYRE
RWT
RWT
Q4 25
$-1.4M
$20.0M
Q3 25
$5.9M
$-7.7M
Q2 25
$1.6M
$-98.5M
Q1 25
$3.7M
$16.1M
Q4 24
$569.0K
$-6.6M
Q3 24
$2.9M
$14.8M
Q2 24
$4.5M
$15.5M
Q1 24
$9.9M
$30.3M
Gross Margin
GYRE
GYRE
RWT
RWT
Q4 25
95.3%
Q3 25
94.7%
Q2 25
95.7%
Q1 25
95.9%
Q4 24
95.8%
Q3 24
96.2%
Q2 24
96.9%
Q1 24
96.4%
Operating Margin
GYRE
GYRE
RWT
RWT
Q4 25
0.3%
Q3 25
22.7%
-9.0%
Q2 25
8.1%
-679.0%
Q1 25
10.3%
80.2%
Q4 24
2.4%
-1.3%
Q3 24
16.6%
86.1%
Q2 24
12.7%
30.3%
Q1 24
29.7%
41.3%
Net Margin
GYRE
GYRE
RWT
RWT
Q4 25
-3.7%
77.2%
Q3 25
19.4%
-51.4%
Q2 25
5.9%
-712.0%
Q1 25
16.9%
57.8%
Q4 24
2.0%
-24.0%
Q3 24
11.2%
58.1%
Q2 24
18.0%
23.0%
Q1 24
36.6%
40.6%
EPS (diluted)
GYRE
GYRE
RWT
RWT
Q4 25
$-0.01
$0.11
Q3 25
$0.03
$-0.08
Q2 25
$0.00
$-0.76
Q1 25
$0.00
$0.10
Q4 24
$0.00
$-0.08
Q3 24
$0.01
$0.09
Q2 24
$0.01
$0.10
Q1 24
$0.03
$0.21

Balance Sheet & Financial Strength

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

Metric
GYRE
GYRE
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$52.4M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$106.0M
$982.6M
Total Assets
$166.1M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GYRE
GYRE
RWT
RWT
Q4 25
$52.4M
$255.7M
Q3 25
$60.0M
$226.3M
Q2 25
$54.4M
$302.0M
Q1 25
$29.9M
$259.9M
Q4 24
$26.7M
$245.2M
Q3 24
$25.1M
$253.7M
Q2 24
$25.1M
$275.6M
Q1 24
$37.4M
$275.4M
Total Debt
GYRE
GYRE
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
GYRE
GYRE
RWT
RWT
Q4 25
$106.0M
$982.6M
Q3 25
$101.9M
$999.0M
Q2 25
$92.0M
$1.1B
Q1 25
$68.1M
$1.2B
Q4 24
$63.3M
$1.2B
Q3 24
$63.2M
$1.2B
Q2 24
$60.4M
$1.2B
Q1 24
$56.6M
$1.2B
Total Assets
GYRE
GYRE
RWT
RWT
Q4 25
$166.1M
$23.7B
Q3 25
$159.4M
$22.6B
Q2 25
$152.6M
$21.3B
Q1 25
$129.8M
$19.9B
Q4 24
$125.4M
$18.3B
Q3 24
$125.2M
$18.4B
Q2 24
$120.9M
$16.5B
Q1 24
$122.0M
$15.1B
Debt / Equity
GYRE
GYRE
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
GYRE
GYRE
RWT
RWT
Operating Cash FlowLast quarter
$-5.6M
$-10.1B
Free Cash FlowOCF − Capex
$-5.8M
FCF MarginFCF / Revenue
-15.5%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters
$-180.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GYRE
GYRE
RWT
RWT
Q4 25
$-5.6M
$-10.1B
Q3 25
$4.7M
$-2.7B
Q2 25
$2.1M
$-2.1B
Q1 25
$-129.0K
$-2.0B
Q4 24
$-2.8M
$-5.9B
Q3 24
$1.7M
$-2.1B
Q2 24
$-5.5M
$-2.0B
Q1 24
$2.9M
$-954.2M
Free Cash Flow
GYRE
GYRE
RWT
RWT
Q4 25
$-5.8M
Q3 25
$4.0M
Q2 25
$1.8M
Q1 25
$-251.0K
Q4 24
$-2.8M
Q3 24
$1.0M
Q2 24
$-6.9M
Q1 24
$2.7M
FCF Margin
GYRE
GYRE
RWT
RWT
Q4 25
-15.5%
Q3 25
13.1%
Q2 25
6.8%
Q1 25
-1.1%
Q4 24
-10.1%
Q3 24
4.1%
Q2 24
-27.5%
Q1 24
9.8%
Capex Intensity
GYRE
GYRE
RWT
RWT
Q4 25
0.4%
Q3 25
2.2%
Q2 25
1.0%
Q1 25
0.6%
Q4 24
0.2%
Q3 24
2.7%
Q2 24
5.8%
Q1 24
0.9%
Cash Conversion
GYRE
GYRE
RWT
RWT
Q4 25
-504.15×
Q3 25
0.79×
Q2 25
1.32×
Q1 25
-0.03×
-120.92×
Q4 24
-4.85×
Q3 24
0.60×
-140.86×
Q2 24
-1.21×
-126.56×
Q1 24
0.29×
-31.53×

Financial Flow Comparison

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

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