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Side-by-side financial comparison of Personalis, Inc. (PSNL) 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 $17.3M, roughly 1.5× Personalis, Inc.). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -137.3%, a 214.5% gap on every dollar of revenue. On growth, Personalis, Inc. posted the faster year-over-year revenue change (3.2% vs -6.1%). Over the past eight quarters, Personalis, Inc.'s revenue compounded faster (-5.7% CAGR vs -41.0%).

Personalis, Inc. is a precision medicine company specializing in advanced oncology genomics solutions. It develops proprietary genomic sequencing and data analytics platforms to support biopharmaceutical partners in immunotherapy development and clinical providers in delivering personalized cancer care, with operations spanning North America, Europe and key Asia-Pacific markets.

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.

PSNL vs RWT — Head-to-Head

Bigger by revenue
RWT
RWT
1.5× larger
RWT
$25.9M
$17.3M
PSNL
Growing faster (revenue YoY)
PSNL
PSNL
+9.3% gap
PSNL
3.2%
-6.1%
RWT
Higher net margin
RWT
RWT
214.5% more per $
RWT
77.2%
-137.3%
PSNL
Faster 2-yr revenue CAGR
PSNL
PSNL
Annualised
PSNL
-5.7%
-41.0%
RWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PSNL
PSNL
RWT
RWT
Revenue
$17.3M
$25.9M
Net Profit
$-23.8M
$20.0M
Gross Margin
11.0%
Operating Margin
-145.7%
Net Margin
-137.3%
77.2%
Revenue YoY
3.2%
-6.1%
Net Profit YoY
-45.0%
402.6%
EPS (diluted)
$-0.26
$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
PSNL
PSNL
RWT
RWT
Q4 25
$17.3M
$25.9M
Q3 25
$14.5M
$15.0M
Q2 25
$17.2M
$13.8M
Q1 25
$20.6M
$27.9M
Q4 24
$16.8M
$27.6M
Q3 24
$25.7M
$25.5M
Q2 24
$22.6M
$67.4M
Q1 24
$19.5M
$74.5M
Net Profit
PSNL
PSNL
RWT
RWT
Q4 25
$-23.8M
$20.0M
Q3 25
$-21.7M
$-7.7M
Q2 25
$-20.1M
$-98.5M
Q1 25
$-15.8M
$16.1M
Q4 24
$-16.4M
$-6.6M
Q3 24
$-39.1M
$14.8M
Q2 24
$-12.8M
$15.5M
Q1 24
$-13.0M
$30.3M
Gross Margin
PSNL
PSNL
RWT
RWT
Q4 25
11.0%
Q3 25
13.2%
Q2 25
27.6%
Q1 25
35.0%
Q4 24
27.1%
Q3 24
34.0%
Q2 24
35.6%
Q1 24
28.1%
Operating Margin
PSNL
PSNL
RWT
RWT
Q4 25
-145.7%
Q3 25
-160.7%
-9.0%
Q2 25
-126.7%
-679.0%
Q1 25
-85.9%
80.2%
Q4 24
-107.8%
-1.3%
Q3 24
-55.9%
86.1%
Q2 24
-74.8%
30.3%
Q1 24
-96.7%
41.3%
Net Margin
PSNL
PSNL
RWT
RWT
Q4 25
-137.3%
77.2%
Q3 25
-149.4%
-51.4%
Q2 25
-116.6%
-712.0%
Q1 25
-76.4%
57.8%
Q4 24
-97.8%
-24.0%
Q3 24
-152.0%
58.1%
Q2 24
-56.7%
23.0%
Q1 24
-66.4%
40.6%
EPS (diluted)
PSNL
PSNL
RWT
RWT
Q4 25
$-0.26
$0.11
Q3 25
$-0.24
$-0.08
Q2 25
$-0.23
$-0.76
Q1 25
$-0.18
$0.10
Q4 24
$-0.23
$-0.08
Q3 24
$-0.64
$0.09
Q2 24
$-0.24
$0.10
Q1 24
$-0.26
$0.21

Balance Sheet & Financial Strength

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

Metric
PSNL
PSNL
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$240.0M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$261.2M
$982.6M
Total Assets
$334.2M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSNL
PSNL
RWT
RWT
Q4 25
$240.0M
$255.7M
Q3 25
$150.5M
$226.3M
Q2 25
$173.2M
$302.0M
Q1 25
$185.7M
$259.9M
Q4 24
$185.0M
$245.2M
Q3 24
$143.7M
$253.7M
Q2 24
$87.0M
$275.6M
Q1 24
$95.4M
$275.4M
Total Debt
PSNL
PSNL
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
PSNL
PSNL
RWT
RWT
Q4 25
$261.2M
$982.6M
Q3 25
$171.4M
$999.0M
Q2 25
$190.8M
$1.1B
Q1 25
$207.3M
$1.2B
Q4 24
$203.0M
$1.2B
Q3 24
$166.8M
$1.2B
Q2 24
$112.3M
$1.2B
Q1 24
$120.7M
$1.2B
Total Assets
PSNL
PSNL
RWT
RWT
Q4 25
$334.2M
$23.7B
Q3 25
$242.8M
$22.6B
Q2 25
$258.7M
$21.3B
Q1 25
$273.3M
$19.9B
Q4 24
$270.3M
$18.3B
Q3 24
$239.9M
$18.4B
Q2 24
$185.5M
$16.5B
Q1 24
$195.3M
$15.1B
Debt / Equity
PSNL
PSNL
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
PSNL
PSNL
RWT
RWT
Operating Cash FlowLast quarter
$-22.2M
$-10.1B
Free Cash FlowOCF − Capex
$-22.3M
FCF MarginFCF / Revenue
-128.7%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters
$-79.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSNL
PSNL
RWT
RWT
Q4 25
$-22.2M
$-10.1B
Q3 25
$-21.8M
$-2.7B
Q2 25
$-12.9M
$-2.1B
Q1 25
$-18.0M
$-2.0B
Q4 24
$-7.8M
$-5.9B
Q3 24
$-6.2M
$-2.1B
Q2 24
$-10.7M
$-2.0B
Q1 24
$-20.4M
$-954.2M
Free Cash Flow
PSNL
PSNL
RWT
RWT
Q4 25
$-22.3M
Q3 25
$-23.4M
Q2 25
$-13.2M
Q1 25
$-20.5M
Q4 24
$-9.0M
Q3 24
$-6.4M
Q2 24
$-10.7M
Q1 24
$-20.5M
FCF Margin
PSNL
PSNL
RWT
RWT
Q4 25
-128.7%
Q3 25
-161.6%
Q2 25
-76.9%
Q1 25
-99.4%
Q4 24
-53.8%
Q3 24
-25.1%
Q2 24
-47.6%
Q1 24
-105.1%
Capex Intensity
PSNL
PSNL
RWT
RWT
Q4 25
0.4%
Q3 25
11.2%
Q2 25
1.7%
Q1 25
12.2%
Q4 24
7.4%
Q3 24
1.0%
Q2 24
0.0%
Q1 24
0.5%
Cash Conversion
PSNL
PSNL
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

PSNL
PSNL

Population Sequencing$11.8M68%
Related Party$5.4M31%

RWT
RWT

Segment breakdown not available.

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