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Side-by-side financial comparison of Intellia Therapeutics, Inc. (NTLA) 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 $23.0M, roughly 1.1× Intellia Therapeutics, Inc.). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -416.2%, a 493.4% gap on every dollar of revenue. On growth, Intellia Therapeutics, Inc. posted the faster year-over-year revenue change (78.8% vs -6.1%). Over the past eight quarters, Intellia Therapeutics, Inc.'s revenue compounded faster (-10.8% CAGR vs -41.0%).

Intellia Therapeutics, Inc. is an American clinical-stage biotechnology company focused on developing novel, potentially curative therapeutics leveraging CRISPR-based technologies. The company's in vivo programs use intravenously administered CRISPR as the therapy, in which the company's proprietary delivery technology enables highly precise editing of disease-causing genes directly within specific target tissues. Intellia's ex vivo programs use CRISPR to create the therapy by using engineere...

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.

NTLA vs RWT — Head-to-Head

Bigger by revenue
RWT
RWT
1.1× larger
RWT
$25.9M
$23.0M
NTLA
Growing faster (revenue YoY)
NTLA
NTLA
+84.9% gap
NTLA
78.8%
-6.1%
RWT
Higher net margin
RWT
RWT
493.4% more per $
RWT
77.2%
-416.2%
NTLA
Faster 2-yr revenue CAGR
NTLA
NTLA
Annualised
NTLA
-10.8%
-41.0%
RWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NTLA
NTLA
RWT
RWT
Revenue
$23.0M
$25.9M
Net Profit
$-95.8M
$20.0M
Gross Margin
Operating Margin
-428.9%
Net Margin
-416.2%
77.2%
Revenue YoY
78.8%
-6.1%
Net Profit YoY
25.7%
402.6%
EPS (diluted)
$-0.81
$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
NTLA
NTLA
RWT
RWT
Q4 25
$23.0M
$25.9M
Q3 25
$13.8M
$15.0M
Q2 25
$14.2M
$13.8M
Q1 25
$16.6M
$27.9M
Q4 24
$12.9M
$27.6M
Q3 24
$9.1M
$25.5M
Q2 24
$7.0M
$67.4M
Q1 24
$28.9M
$74.5M
Net Profit
NTLA
NTLA
RWT
RWT
Q4 25
$-95.8M
$20.0M
Q3 25
$-101.3M
$-7.7M
Q2 25
$-101.3M
$-98.5M
Q1 25
$-114.3M
$16.1M
Q4 24
$-128.9M
$-6.6M
Q3 24
$-135.7M
$14.8M
Q2 24
$-147.0M
$15.5M
Q1 24
$-107.4M
$30.3M
Operating Margin
NTLA
NTLA
RWT
RWT
Q4 25
-428.9%
Q3 25
-808.9%
-9.0%
Q2 25
-772.2%
-679.0%
Q1 25
-726.6%
80.2%
Q4 24
-1059.9%
-1.3%
Q3 24
-1589.0%
86.1%
Q2 24
-1998.6%
30.3%
Q1 24
-394.0%
41.3%
Net Margin
NTLA
NTLA
RWT
RWT
Q4 25
-416.2%
77.2%
Q3 25
-735.2%
-51.4%
Q2 25
-710.8%
-712.0%
Q1 25
-687.6%
57.8%
Q4 24
-1001.2%
-24.0%
Q3 24
-1489.5%
58.1%
Q2 24
-2112.6%
23.0%
Q1 24
-371.3%
40.6%
EPS (diluted)
NTLA
NTLA
RWT
RWT
Q4 25
$-0.81
$0.11
Q3 25
$-0.92
$-0.08
Q2 25
$-0.98
$-0.76
Q1 25
$-1.10
$0.10
Q4 24
$-1.27
$-0.08
Q3 24
$-1.34
$0.09
Q2 24
$-1.52
$0.10
Q1 24
$-1.12
$0.21

Balance Sheet & Financial Strength

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

Metric
NTLA
NTLA
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$449.9M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$671.4M
$982.6M
Total Assets
$842.1M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTLA
NTLA
RWT
RWT
Q4 25
$449.9M
$255.7M
Q3 25
$511.0M
$226.3M
Q2 25
$459.7M
$302.0M
Q1 25
$503.7M
$259.9M
Q4 24
$601.5M
$245.2M
Q3 24
$658.1M
$253.7M
Q2 24
$691.1M
$275.6M
Q1 24
$791.3M
$275.4M
Total Debt
NTLA
NTLA
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
NTLA
NTLA
RWT
RWT
Q4 25
$671.4M
$982.6M
Q3 25
$748.4M
$999.0M
Q2 25
$715.3M
$1.1B
Q1 25
$779.9M
$1.2B
Q4 24
$872.0M
$1.2B
Q3 24
$962.6M
$1.2B
Q2 24
$971.1M
$1.2B
Q1 24
$1.0B
$1.2B
Total Assets
NTLA
NTLA
RWT
RWT
Q4 25
$842.1M
$23.7B
Q3 25
$925.3M
$22.6B
Q2 25
$898.9M
$21.3B
Q1 25
$986.2M
$19.9B
Q4 24
$1.2B
$18.3B
Q3 24
$1.2B
$18.4B
Q2 24
$1.2B
$16.5B
Q1 24
$1.3B
$15.1B
Debt / Equity
NTLA
NTLA
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
NTLA
NTLA
RWT
RWT
Operating Cash FlowLast quarter
$-69.3M
$-10.1B
Free Cash FlowOCF − Capex
$-69.4M
FCF MarginFCF / Revenue
-301.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters
$-395.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NTLA
NTLA
RWT
RWT
Q4 25
$-69.3M
$-10.1B
Q3 25
$-76.9M
$-2.7B
Q2 25
$-99.6M
$-2.1B
Q1 25
$-148.9M
$-2.0B
Q4 24
$-85.2M
$-5.9B
Q3 24
$-84.8M
$-2.1B
Q2 24
$-58.2M
$-2.0B
Q1 24
$-120.7M
$-954.2M
Free Cash Flow
NTLA
NTLA
RWT
RWT
Q4 25
$-69.4M
Q3 25
$-76.9M
Q2 25
$-99.9M
Q1 25
$-149.7M
Q4 24
$-86.2M
Q3 24
$-86.1M
Q2 24
$-59.2M
Q1 24
$-123.2M
FCF Margin
NTLA
NTLA
RWT
RWT
Q4 25
-301.6%
Q3 25
-558.2%
Q2 25
-701.0%
Q1 25
-900.1%
Q4 24
-669.4%
Q3 24
-945.2%
Q2 24
-850.9%
Q1 24
-425.7%
Capex Intensity
NTLA
NTLA
RWT
RWT
Q4 25
0.5%
Q3 25
0.2%
Q2 25
1.7%
Q1 25
4.4%
Q4 24
7.6%
Q3 24
14.0%
Q2 24
14.5%
Q1 24
8.7%
Cash Conversion
NTLA
NTLA
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

NTLA
NTLA

Avencell Therapeutics Inc$21.0M91%
Other$1.0M4%
Avencell$1.0M4%

RWT
RWT

Segment breakdown not available.

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