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Side-by-side financial comparison of Lion Group Holding Ltd (LGHL) 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 $13.3M, roughly 1.9× Lion Group Holding Ltd). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -0.4%, a 77.6% gap on every dollar of revenue.

LION is a Canadian electric vehicle manufacturer headquartered in Saint-Jérôme, Quebec. Founded in 2011 as Lion Bus, the company is primarily known for its production of yellow school buses, of which it was the first to mass produce as a fully electric vehicle.

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.

LGHL vs RWT — Head-to-Head

Bigger by revenue
RWT
RWT
1.9× larger
RWT
$25.9M
$13.3M
LGHL
Higher net margin
RWT
RWT
77.6% more per $
RWT
77.2%
-0.4%
LGHL

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
LGHL
LGHL
RWT
RWT
Revenue
$13.3M
$25.9M
Net Profit
$-53.7K
$20.0M
Gross Margin
Operating Margin
Net Margin
-0.4%
77.2%
Revenue YoY
-6.1%
Net Profit YoY
402.6%
EPS (diluted)
$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
LGHL
LGHL
RWT
RWT
Q4 25
$25.9M
Q3 25
$15.0M
Q2 25
$13.8M
Q1 25
$27.9M
Q4 24
$27.6M
Q3 24
$25.5M
Q2 24
$13.3M
$67.4M
Q1 24
$74.5M
Net Profit
LGHL
LGHL
RWT
RWT
Q4 25
$20.0M
Q3 25
$-7.7M
Q2 25
$-98.5M
Q1 25
$16.1M
Q4 24
$-6.6M
Q3 24
$14.8M
Q2 24
$-53.7K
$15.5M
Q1 24
$30.3M
Operating Margin
LGHL
LGHL
RWT
RWT
Q4 25
Q3 25
-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
LGHL
LGHL
RWT
RWT
Q4 25
77.2%
Q3 25
-51.4%
Q2 25
-712.0%
Q1 25
57.8%
Q4 24
-24.0%
Q3 24
58.1%
Q2 24
-0.4%
23.0%
Q1 24
40.6%
EPS (diluted)
LGHL
LGHL
RWT
RWT
Q4 25
$0.11
Q3 25
$-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
LGHL
LGHL
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$29.0M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.4M
$982.6M
Total Assets
$74.5M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LGHL
LGHL
RWT
RWT
Q4 25
$255.7M
Q3 25
$226.3M
Q2 25
$302.0M
Q1 25
$259.9M
Q4 24
$245.2M
Q3 24
$253.7M
Q2 24
$29.0M
$275.6M
Q1 24
$275.4M
Total Debt
LGHL
LGHL
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
LGHL
LGHL
RWT
RWT
Q4 25
$982.6M
Q3 25
$999.0M
Q2 25
$1.1B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$28.4M
$1.2B
Q1 24
$1.2B
Total Assets
LGHL
LGHL
RWT
RWT
Q4 25
$23.7B
Q3 25
$22.6B
Q2 25
$21.3B
Q1 25
$19.9B
Q4 24
$18.3B
Q3 24
$18.4B
Q2 24
$74.5M
$16.5B
Q1 24
$15.1B
Debt / Equity
LGHL
LGHL
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
LGHL
LGHL
RWT
RWT
Operating Cash FlowLast quarter
$-10.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LGHL
LGHL
RWT
RWT
Q4 25
$-10.1B
Q3 25
$-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
Cash Conversion
LGHL
LGHL
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

LGHL
LGHL

Trading gains$7.8M59%
Other$2.4M18%
Securities brokerage commissions and fees$1.7M13%
Market making commissions and fees$1.0M8%
Other income$380.2K3%

RWT
RWT

Segment breakdown not available.

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