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Side-by-side financial comparison of INNEOVA Holdings Ltd (INEO) and REDWOOD TRUST INC (RWT). Click either name above to swap in a different company.

INNEOVA Holdings Ltd is the larger business by last-quarter revenue ($30.8M vs $25.9M, roughly 1.2× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 0.8%, a 76.4% gap on every dollar of revenue.

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.

INEO vs RWT — Head-to-Head

Bigger by revenue
INEO
INEO
1.2× larger
INEO
$30.8M
$25.9M
RWT
Higher net margin
RWT
RWT
76.4% more per $
RWT
77.2%
0.8%
INEO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
INEO
INEO
RWT
RWT
Revenue
$30.8M
$25.9M
Net Profit
$243.0K
$20.0M
Gross Margin
19.3%
Operating Margin
3.6%
Net Margin
0.8%
77.2%
Revenue YoY
-6.1%
Net Profit YoY
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
INEO
INEO
RWT
RWT
Q4 25
$25.9M
Q3 25
$15.0M
Q2 25
$30.8M
$13.8M
Q1 25
$27.9M
Q4 24
$27.6M
Q3 24
$25.5M
Q2 24
$67.4M
Q1 24
$74.5M
Net Profit
INEO
INEO
RWT
RWT
Q4 25
$20.0M
Q3 25
$-7.7M
Q2 25
$243.0K
$-98.5M
Q1 25
$16.1M
Q4 24
$-6.6M
Q3 24
$14.8M
Q2 24
$15.5M
Q1 24
$30.3M
Gross Margin
INEO
INEO
RWT
RWT
Q4 25
Q3 25
Q2 25
19.3%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
INEO
INEO
RWT
RWT
Q4 25
Q3 25
-9.0%
Q2 25
3.6%
-679.0%
Q1 25
80.2%
Q4 24
-1.3%
Q3 24
86.1%
Q2 24
30.3%
Q1 24
41.3%
Net Margin
INEO
INEO
RWT
RWT
Q4 25
77.2%
Q3 25
-51.4%
Q2 25
0.8%
-712.0%
Q1 25
57.8%
Q4 24
-24.0%
Q3 24
58.1%
Q2 24
23.0%
Q1 24
40.6%
EPS (diluted)
INEO
INEO
RWT
RWT
Q4 25
$0.11
Q3 25
$-0.08
Q2 25
$0.02
$-0.76
Q1 25
$0.10
Q4 24
$-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
INEO
INEO
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$2.1M
$255.7M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$11.2M
$982.6M
Total Assets
$52.6M
$23.7B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INEO
INEO
RWT
RWT
Q4 25
$255.7M
Q3 25
$226.3M
Q2 25
$2.1M
$302.0M
Q1 25
$259.9M
Q4 24
$245.2M
Q3 24
$253.7M
Q2 24
$275.6M
Q1 24
$275.4M
Total Debt
INEO
INEO
RWT
RWT
Q4 25
Q3 25
Q2 25
$2.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
INEO
INEO
RWT
RWT
Q4 25
$982.6M
Q3 25
$999.0M
Q2 25
$11.2M
$1.1B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Total Assets
INEO
INEO
RWT
RWT
Q4 25
$23.7B
Q3 25
$22.6B
Q2 25
$52.6M
$21.3B
Q1 25
$19.9B
Q4 24
$18.3B
Q3 24
$18.4B
Q2 24
$16.5B
Q1 24
$15.1B
Debt / Equity
INEO
INEO
RWT
RWT
Q4 25
Q3 25
Q2 25
0.26×
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
INEO
INEO
RWT
RWT
Operating Cash FlowLast quarter
$-301.0K
$-10.1B
Free Cash FlowOCF − Capex
$-1.5M
FCF MarginFCF / Revenue
-4.8%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
-1.24×
-504.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INEO
INEO
RWT
RWT
Q4 25
$-10.1B
Q3 25
$-2.7B
Q2 25
$-301.0K
$-2.1B
Q1 25
$-2.0B
Q4 24
$-5.9B
Q3 24
$-2.1B
Q2 24
$-2.0B
Q1 24
$-954.2M
Free Cash Flow
INEO
INEO
RWT
RWT
Q4 25
Q3 25
Q2 25
$-1.5M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
INEO
INEO
RWT
RWT
Q4 25
Q3 25
Q2 25
-4.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
INEO
INEO
RWT
RWT
Q4 25
Q3 25
Q2 25
3.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
INEO
INEO
RWT
RWT
Q4 25
-504.15×
Q3 25
Q2 25
-1.24×
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.

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