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Side-by-side financial comparison of Red Violet, Inc. (RDVT) 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 $23.4M, roughly 1.1× Red Violet, Inc.). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 12.0%, a 65.2% gap on every dollar of revenue. On growth, Red Violet, Inc. posted the faster year-over-year revenue change (19.6% vs -6.1%). Over the past eight quarters, Red Violet, Inc.'s revenue compounded faster (15.6% CAGR vs -41.0%).

Red Violet, Inc. is a technology firm specializing in advanced data analytics, risk mitigation, and identity verification solutions. It serves clients across law enforcement, financial services, insurance, and corporate compliance sectors, delivering actionable insights from curated public and proprietary data sets to support informed decision-making.

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.

RDVT vs RWT — Head-to-Head

Bigger by revenue
RWT
RWT
1.1× larger
RWT
$25.9M
$23.4M
RDVT
Growing faster (revenue YoY)
RDVT
RDVT
+25.6% gap
RDVT
19.6%
-6.1%
RWT
Higher net margin
RWT
RWT
65.2% more per $
RWT
77.2%
12.0%
RDVT
Faster 2-yr revenue CAGR
RDVT
RDVT
Annualised
RDVT
15.6%
-41.0%
RWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RDVT
RDVT
RWT
RWT
Revenue
$23.4M
$25.9M
Net Profit
$2.8M
$20.0M
Gross Margin
Operating Margin
6.8%
Net Margin
12.0%
77.2%
Revenue YoY
19.6%
-6.1%
Net Profit YoY
226.2%
402.6%
EPS (diluted)
$0.20
$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
RDVT
RDVT
RWT
RWT
Q4 25
$23.4M
$25.9M
Q3 25
$23.1M
$15.0M
Q2 25
$21.8M
$13.8M
Q1 25
$22.0M
$27.9M
Q4 24
$19.6M
$27.6M
Q3 24
$19.1M
$25.5M
Q2 24
$19.1M
$67.4M
Q1 24
$17.5M
$74.5M
Net Profit
RDVT
RDVT
RWT
RWT
Q4 25
$2.8M
$20.0M
Q3 25
$4.2M
$-7.7M
Q2 25
$2.7M
$-98.5M
Q1 25
$3.4M
$16.1M
Q4 24
$863.0K
$-6.6M
Q3 24
$1.7M
$14.8M
Q2 24
$2.6M
$15.5M
Q1 24
$1.8M
$30.3M
Operating Margin
RDVT
RDVT
RWT
RWT
Q4 25
6.8%
Q3 25
19.8%
-9.0%
Q2 25
12.6%
-679.0%
Q1 25
19.1%
80.2%
Q4 24
1.9%
-1.3%
Q3 24
13.1%
86.1%
Q2 24
16.1%
30.3%
Q1 24
11.3%
41.3%
Net Margin
RDVT
RDVT
RWT
RWT
Q4 25
12.0%
77.2%
Q3 25
18.3%
-51.4%
Q2 25
12.3%
-712.0%
Q1 25
15.6%
57.8%
Q4 24
4.4%
-24.0%
Q3 24
9.0%
58.1%
Q2 24
13.8%
23.0%
Q1 24
10.2%
40.6%
EPS (diluted)
RDVT
RDVT
RWT
RWT
Q4 25
$0.20
$0.11
Q3 25
$0.29
$-0.08
Q2 25
$0.18
$-0.76
Q1 25
$0.24
$0.10
Q4 24
$0.06
$-0.08
Q3 24
$0.12
$0.09
Q2 24
$0.19
$0.10
Q1 24
$0.13
$0.21

Balance Sheet & Financial Strength

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

Metric
RDVT
RDVT
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$43.6M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$100.9M
$982.6M
Total Assets
$112.0M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RDVT
RDVT
RWT
RWT
Q4 25
$43.6M
$255.7M
Q3 25
$45.4M
$226.3M
Q2 25
$38.8M
$302.0M
Q1 25
$34.6M
$259.9M
Q4 24
$36.5M
$245.2M
Q3 24
$35.7M
$253.7M
Q2 24
$30.9M
$275.6M
Q1 24
$32.1M
$275.4M
Total Debt
RDVT
RDVT
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
RDVT
RDVT
RWT
RWT
Q4 25
$100.9M
$982.6M
Q3 25
$101.7M
$999.0M
Q2 25
$96.2M
$1.1B
Q1 25
$91.8M
$1.2B
Q4 24
$86.6M
$1.2B
Q3 24
$91.7M
$1.2B
Q2 24
$88.0M
$1.2B
Q1 24
$83.8M
$1.2B
Total Assets
RDVT
RDVT
RWT
RWT
Q4 25
$112.0M
$23.7B
Q3 25
$112.1M
$22.6B
Q2 25
$104.8M
$21.3B
Q1 25
$99.1M
$19.9B
Q4 24
$98.5M
$18.3B
Q3 24
$98.0M
$18.4B
Q2 24
$93.5M
$16.5B
Q1 24
$94.0M
$15.1B
Debt / Equity
RDVT
RDVT
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
RDVT
RDVT
RWT
RWT
Operating Cash FlowLast quarter
$6.7M
$-10.1B
Free Cash FlowOCF − Capex
$6.6M
FCF MarginFCF / Revenue
28.1%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
2.38×
-504.15×
TTM Free Cash FlowTrailing 4 quarters
$28.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RDVT
RDVT
RWT
RWT
Q4 25
$6.7M
$-10.1B
Q3 25
$10.2M
$-2.7B
Q2 25
$7.5M
$-2.1B
Q1 25
$5.0M
$-2.0B
Q4 24
$6.7M
$-5.9B
Q3 24
$7.2M
$-2.1B
Q2 24
$5.7M
$-2.0B
Q1 24
$4.3M
$-954.2M
Free Cash Flow
RDVT
RDVT
RWT
RWT
Q4 25
$6.6M
Q3 25
$10.0M
Q2 25
$7.3M
Q1 25
$5.0M
Q4 24
$6.7M
Q3 24
$7.2M
Q2 24
$5.7M
Q1 24
$4.2M
FCF Margin
RDVT
RDVT
RWT
RWT
Q4 25
28.1%
Q3 25
43.3%
Q2 25
33.5%
Q1 25
22.5%
Q4 24
34.1%
Q3 24
37.8%
Q2 24
29.7%
Q1 24
24.2%
Capex Intensity
RDVT
RDVT
RWT
RWT
Q4 25
0.5%
Q3 25
0.8%
Q2 25
0.9%
Q1 25
0.2%
Q4 24
0.1%
Q3 24
0.2%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
RDVT
RDVT
RWT
RWT
Q4 25
2.38×
-504.15×
Q3 25
2.41×
Q2 25
2.79×
Q1 25
1.45×
-120.92×
Q4 24
7.75×
Q3 24
4.22×
-140.86×
Q2 24
2.17×
-126.56×
Q1 24
2.41×
-31.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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