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

Niagen Bioscience, Inc. is the larger business by last-quarter revenue ($33.8M vs $25.9M, roughly 1.3× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 12.2%, a 65.0% gap on every dollar of revenue. On growth, Niagen Bioscience, Inc. posted the faster year-over-year revenue change (16.2% vs -6.1%). Over the past eight quarters, Niagen Bioscience, Inc.'s revenue compounded faster (23.6% CAGR vs -41.0%).

Niagen Bioscience, formerly ChromaDex, is a bioscience сompany based in Los Angeles, California founded in 1999. The company operates in multiple sectors including reference standards, dietary supplements, and ingredient technology. Niagen Bioscience is publicly traded on the NASDAQ.

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.

NAGE vs RWT — Head-to-Head

Bigger by revenue
NAGE
NAGE
1.3× larger
NAGE
$33.8M
$25.9M
RWT
Growing faster (revenue YoY)
NAGE
NAGE
+22.3% gap
NAGE
16.2%
-6.1%
RWT
Higher net margin
RWT
RWT
65.0% more per $
RWT
77.2%
12.2%
NAGE
Faster 2-yr revenue CAGR
NAGE
NAGE
Annualised
NAGE
23.6%
-41.0%
RWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NAGE
NAGE
RWT
RWT
Revenue
$33.8M
$25.9M
Net Profit
$4.1M
$20.0M
Gross Margin
64.1%
Operating Margin
12.1%
Net Margin
12.2%
77.2%
Revenue YoY
16.2%
-6.1%
Net Profit YoY
-42.4%
402.6%
EPS (diluted)
$0.05
$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
NAGE
NAGE
RWT
RWT
Q4 25
$33.8M
$25.9M
Q3 25
$34.0M
$15.0M
Q2 25
$31.1M
$13.8M
Q1 25
$30.5M
$27.9M
Q4 24
$29.1M
$27.6M
Q3 24
$25.6M
$25.5M
Q2 24
$22.7M
$67.4M
Q1 24
$22.2M
$74.5M
Net Profit
NAGE
NAGE
RWT
RWT
Q4 25
$4.1M
$20.0M
Q3 25
$4.6M
$-7.7M
Q2 25
$3.6M
$-98.5M
Q1 25
$5.1M
$16.1M
Q4 24
$7.2M
$-6.6M
Q3 24
$1.9M
$14.8M
Q2 24
$-15.0K
$15.5M
Q1 24
$-492.0K
$30.3M
Gross Margin
NAGE
NAGE
RWT
RWT
Q4 25
64.1%
Q3 25
64.5%
Q2 25
65.0%
Q1 25
63.4%
Q4 24
62.5%
Q3 24
63.5%
Q2 24
60.2%
Q1 24
60.7%
Operating Margin
NAGE
NAGE
RWT
RWT
Q4 25
12.1%
Q3 25
12.5%
-9.0%
Q2 25
10.2%
-679.0%
Q1 25
15.7%
80.2%
Q4 24
24.4%
-1.3%
Q3 24
6.3%
86.1%
Q2 24
-1.1%
30.3%
Q1 24
-3.3%
41.3%
Net Margin
NAGE
NAGE
RWT
RWT
Q4 25
12.2%
77.2%
Q3 25
13.5%
-51.4%
Q2 25
11.6%
-712.0%
Q1 25
16.6%
57.8%
Q4 24
24.6%
-24.0%
Q3 24
7.3%
58.1%
Q2 24
-0.1%
23.0%
Q1 24
-2.2%
40.6%
EPS (diluted)
NAGE
NAGE
RWT
RWT
Q4 25
$0.05
$0.11
Q3 25
$0.05
$-0.08
Q2 25
$0.04
$-0.76
Q1 25
$0.06
$0.10
Q4 24
$0.10
$-0.08
Q3 24
$0.02
$0.09
Q2 24
$0.00
$0.10
Q1 24
$-0.01
$0.21

Balance Sheet & Financial Strength

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

Metric
NAGE
NAGE
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$76.5M
$982.6M
Total Assets
$106.4M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAGE
NAGE
RWT
RWT
Q4 25
$255.7M
Q3 25
$64.1M
$226.3M
Q2 25
$60.3M
$302.0M
Q1 25
$55.5M
$259.9M
Q4 24
$44.5M
$245.2M
Q3 24
$32.2M
$253.7M
Q2 24
$27.7M
$275.6M
Q1 24
$27.4M
$275.4M
Total Debt
NAGE
NAGE
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
NAGE
NAGE
RWT
RWT
Q4 25
$76.5M
$982.6M
Q3 25
$70.7M
$999.0M
Q2 25
$64.2M
$1.1B
Q1 25
$55.3M
$1.2B
Q4 24
$46.1M
$1.2B
Q3 24
$34.4M
$1.2B
Q2 24
$30.7M
$1.2B
Q1 24
$29.0M
$1.2B
Total Assets
NAGE
NAGE
RWT
RWT
Q4 25
$106.4M
$23.7B
Q3 25
$98.1M
$22.6B
Q2 25
$91.5M
$21.3B
Q1 25
$81.3M
$19.9B
Q4 24
$68.3M
$18.3B
Q3 24
$56.5M
$18.4B
Q2 24
$54.0M
$16.5B
Q1 24
$54.1M
$15.1B
Debt / Equity
NAGE
NAGE
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
NAGE
NAGE
RWT
RWT
Operating Cash FlowLast quarter
$679.0K
$-10.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.16×
-504.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAGE
NAGE
RWT
RWT
Q4 25
$679.0K
$-10.1B
Q3 25
$3.7M
$-2.7B
Q2 25
$1.3M
$-2.1B
Q1 25
$7.9M
$-2.0B
Q4 24
$8.6M
$-5.9B
Q3 24
$3.5M
$-2.1B
Q2 24
$-264.0K
$-2.0B
Q1 24
$295.0K
$-954.2M
Cash Conversion
NAGE
NAGE
RWT
RWT
Q4 25
0.16×
-504.15×
Q3 25
0.81×
Q2 25
0.35×
Q1 25
1.56×
-120.92×
Q4 24
1.20×
Q3 24
1.86×
-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

NAGE
NAGE

TRUNIAGEN Consumer Product$27.5M81%
Ingredients Segment$5.7M17%
Other$694.0K2%

RWT
RWT

Segment breakdown not available.

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