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Side-by-side financial comparison of NIP Group Inc. (NIPG) and REDWOOD TRUST INC (RWT). Click either name above to swap in a different company.

NIP Group Inc. is the larger business by last-quarter revenue ($39.3M vs $25.9M, roughly 1.5× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -11.9%, a 89.1% 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.

NIPG vs RWT — Head-to-Head

Bigger by revenue
NIPG
NIPG
1.5× larger
NIPG
$39.3M
$25.9M
RWT
Higher net margin
RWT
RWT
89.1% more per $
RWT
77.2%
-11.9%
NIPG

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
NIPG
NIPG
RWT
RWT
Revenue
$39.3M
$25.9M
Net Profit
$-4.7M
$20.0M
Gross Margin
6.0%
Operating Margin
-13.0%
Net Margin
-11.9%
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
NIPG
NIPG
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
$39.3M
$67.4M
Q1 24
$74.5M
Net Profit
NIPG
NIPG
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
$-4.7M
$15.5M
Q1 24
$30.3M
Gross Margin
NIPG
NIPG
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
6.0%
Q1 24
Operating Margin
NIPG
NIPG
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
-13.0%
30.3%
Q1 24
41.3%
Net Margin
NIPG
NIPG
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
-11.9%
23.0%
Q1 24
40.6%
EPS (diluted)
NIPG
NIPG
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
NIPG
NIPG
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$6.8M
$255.7M
Total DebtLower is stronger
$3.8M
Stockholders' EquityBook value
$982.6M
Total Assets
$305.3M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NIPG
NIPG
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
$6.8M
$275.6M
Q1 24
$275.4M
Total Debt
NIPG
NIPG
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$3.8M
Q1 24
$1.7B
Stockholders' Equity
NIPG
NIPG
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
$1.2B
Q1 24
$1.2B
Total Assets
NIPG
NIPG
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
$305.3M
$16.5B
Q1 24
$15.1B
Debt / Equity
NIPG
NIPG
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
NIPG
NIPG
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
NIPG
NIPG
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
NIPG
NIPG
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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