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

REDWOOD TRUST INC is the larger business by last-quarter revenue ($25.9M vs $15.3M, roughly 1.7× Innoviz Technologies Ltd.). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -100.9%, a 178.2% gap on every dollar of revenue.

Luminar Technologies Inc. was an American technology company that developed vision-based lidar and machine perception technologies, primarily for self-driving cars. The company's headquarters and main research and development facilities were in Orlando, Florida; a second major office was located in Palo Alto, California.

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.

INVZ vs RWT — Head-to-Head

Bigger by revenue
RWT
RWT
1.7× larger
RWT
$25.9M
$15.3M
INVZ
Higher net margin
RWT
RWT
178.2% more per $
RWT
77.2%
-100.9%
INVZ

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
INVZ
INVZ
RWT
RWT
Revenue
$15.3M
$25.9M
Net Profit
$-15.4M
$20.0M
Gross Margin
15.0%
Operating Margin
-103.4%
Net Margin
-100.9%
77.2%
Revenue YoY
-6.1%
Net Profit YoY
402.6%
EPS (diluted)
$-0.08
$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
INVZ
INVZ
RWT
RWT
Q4 25
$25.9M
Q3 25
$15.3M
$15.0M
Q2 25
$13.8M
Q1 25
$27.9M
Q4 24
$27.6M
Q3 24
$25.5M
Q2 24
$67.4M
Q1 24
$74.5M
Net Profit
INVZ
INVZ
RWT
RWT
Q4 25
$20.0M
Q3 25
$-15.4M
$-7.7M
Q2 25
$-98.5M
Q1 25
$16.1M
Q4 24
$-6.6M
Q3 24
$14.8M
Q2 24
$15.5M
Q1 24
$30.3M
Gross Margin
INVZ
INVZ
RWT
RWT
Q4 25
Q3 25
15.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
INVZ
INVZ
RWT
RWT
Q4 25
Q3 25
-103.4%
-9.0%
Q2 25
-679.0%
Q1 25
80.2%
Q4 24
-1.3%
Q3 24
86.1%
Q2 24
30.3%
Q1 24
41.3%
Net Margin
INVZ
INVZ
RWT
RWT
Q4 25
77.2%
Q3 25
-100.9%
-51.4%
Q2 25
-712.0%
Q1 25
57.8%
Q4 24
-24.0%
Q3 24
58.1%
Q2 24
23.0%
Q1 24
40.6%
EPS (diluted)
INVZ
INVZ
RWT
RWT
Q4 25
$0.11
Q3 25
$-0.08
$-0.08
Q2 25
$-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
INVZ
INVZ
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$17.3M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$89.7M
$982.6M
Total Assets
$151.1M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INVZ
INVZ
RWT
RWT
Q4 25
$255.7M
Q3 25
$17.3M
$226.3M
Q2 25
$302.0M
Q1 25
$259.9M
Q4 24
$245.2M
Q3 24
$253.7M
Q2 24
$275.6M
Q1 24
$275.4M
Total Debt
INVZ
INVZ
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
INVZ
INVZ
RWT
RWT
Q4 25
$982.6M
Q3 25
$89.7M
$999.0M
Q2 25
$1.1B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Total Assets
INVZ
INVZ
RWT
RWT
Q4 25
$23.7B
Q3 25
$151.1M
$22.6B
Q2 25
$21.3B
Q1 25
$19.9B
Q4 24
$18.3B
Q3 24
$18.4B
Q2 24
$16.5B
Q1 24
$15.1B
Debt / Equity
INVZ
INVZ
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
INVZ
INVZ
RWT
RWT
Operating Cash FlowLast quarter
$-13.7M
$-10.1B
Free Cash FlowOCF − Capex
$-14.0M
FCF MarginFCF / Revenue
-91.7%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INVZ
INVZ
RWT
RWT
Q4 25
$-10.1B
Q3 25
$-13.7M
$-2.7B
Q2 25
$-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
INVZ
INVZ
RWT
RWT
Q4 25
Q3 25
$-14.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
INVZ
INVZ
RWT
RWT
Q4 25
Q3 25
-91.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
INVZ
INVZ
RWT
RWT
Q4 25
Q3 25
1.9%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
INVZ
INVZ
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.

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