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

REDWOOD TRUST INC is the larger business by last-quarter revenue ($25.9M vs $18.6M, roughly 1.4× SCYNEXIS INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 65.7%, a 11.5% gap on every dollar of revenue. On growth, SCYNEXIS INC posted the faster year-over-year revenue change (1808.5% vs -6.1%). Over the past eight quarters, SCYNEXIS INC's revenue compounded faster (268.5% CAGR vs -41.0%).

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.

SCYNEXIS Inc. is a biotechnology company focused on developing innovative antifungal therapies to address unmet medical needs for difficult-to-treat fungal infections. It targets hospital and specialty care markets, with key product candidates serving immunocompromised patients and other high-risk groups.

RWT vs SCYX — Head-to-Head

Bigger by revenue
RWT
RWT
1.4× larger
RWT
$25.9M
$18.6M
SCYX
Growing faster (revenue YoY)
SCYX
SCYX
+1814.6% gap
SCYX
1808.5%
-6.1%
RWT
Higher net margin
RWT
RWT
11.5% more per $
RWT
77.2%
65.7%
SCYX
Faster 2-yr revenue CAGR
SCYX
SCYX
Annualised
SCYX
268.5%
-41.0%
RWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RWT
RWT
SCYX
SCYX
Revenue
$25.9M
$18.6M
Net Profit
$20.0M
$12.3M
Gross Margin
Operating Margin
56.3%
Net Margin
77.2%
65.7%
Revenue YoY
-6.1%
1808.5%
Net Profit YoY
402.6%
376.5%
EPS (diluted)
$0.11
$0.25

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
RWT
RWT
SCYX
SCYX
Q4 25
$25.9M
$18.6M
Q3 25
$15.0M
$334.0K
Q2 25
$13.8M
$1.4M
Q1 25
$27.9M
$257.0K
Q4 24
$27.6M
$977.0K
Q3 24
$25.5M
$660.0K
Q2 24
$67.4M
$736.0K
Q1 24
$74.5M
$1.4M
Net Profit
RWT
RWT
SCYX
SCYX
Q4 25
$20.0M
$12.3M
Q3 25
$-7.7M
$-8.6M
Q2 25
$-98.5M
$-6.9M
Q1 25
$16.1M
$-5.4M
Q4 24
$-6.6M
Q3 24
$14.8M
$-2.8M
Q2 24
$15.5M
$-14.5M
Q1 24
$30.3M
$411.0K
Operating Margin
RWT
RWT
SCYX
SCYX
Q4 25
56.3%
Q3 25
-9.0%
-2516.5%
Q2 25
-679.0%
-701.0%
Q1 25
80.2%
-3350.2%
Q4 24
-1.3%
Q3 24
86.1%
-1563.6%
Q2 24
30.3%
-1255.0%
Q1 24
41.3%
-692.5%
Net Margin
RWT
RWT
SCYX
SCYX
Q4 25
77.2%
65.7%
Q3 25
-51.4%
-2572.2%
Q2 25
-712.0%
-504.8%
Q1 25
57.8%
-2097.7%
Q4 24
-24.0%
Q3 24
58.1%
-425.5%
Q2 24
23.0%
-1964.4%
Q1 24
40.6%
29.9%
EPS (diluted)
RWT
RWT
SCYX
SCYX
Q4 25
$0.11
$0.25
Q3 25
$-0.08
$-0.17
Q2 25
$-0.76
$-0.14
Q1 25
$0.10
$-0.11
Q4 24
$-0.08
Q3 24
$0.09
$-0.06
Q2 24
$0.10
$-0.30
Q1 24
$0.21
$0.01

Balance Sheet & Financial Strength

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

Metric
RWT
RWT
SCYX
SCYX
Cash + ST InvestmentsLiquidity on hand
$255.7M
$40.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$982.6M
$49.4M
Total Assets
$23.7B
$59.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RWT
RWT
SCYX
SCYX
Q4 25
$255.7M
$40.0M
Q3 25
$226.3M
$37.9M
Q2 25
$302.0M
$44.8M
Q1 25
$259.9M
$40.6M
Q4 24
$245.2M
$59.3M
Q3 24
$253.7M
$68.8M
Q2 24
$275.6M
$73.0M
Q1 24
$275.4M
$80.2M
Total Debt
RWT
RWT
SCYX
SCYX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
RWT
RWT
SCYX
SCYX
Q4 25
$982.6M
$49.4M
Q3 25
$999.0M
$36.4M
Q2 25
$1.1B
$44.5M
Q1 25
$1.2B
$50.5M
Q4 24
$1.2B
$55.1M
Q3 24
$1.2B
$58.5M
Q2 24
$1.2B
$60.4M
Q1 24
$1.2B
$74.1M
Total Assets
RWT
RWT
SCYX
SCYX
Q4 25
$23.7B
$59.0M
Q3 25
$22.6B
$51.1M
Q2 25
$21.3B
$60.7M
Q1 25
$19.9B
$67.9M
Q4 24
$18.3B
$90.6M
Q3 24
$18.4B
$99.0M
Q2 24
$16.5B
$107.8M
Q1 24
$15.1B
$118.3M
Debt / Equity
RWT
RWT
SCYX
SCYX
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
RWT
RWT
SCYX
SCYX
Operating Cash FlowLast quarter
$-10.1B
$18.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-504.15×
1.50×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RWT
RWT
SCYX
SCYX
Q4 25
$-10.1B
$18.4M
Q3 25
$-2.7B
$-8.7M
Q2 25
$-2.1B
$-7.5M
Q1 25
$-2.0B
$-7.5M
Q4 24
$-5.9B
$-24.0M
Q3 24
$-2.1B
$765.0K
Q2 24
$-2.0B
$-10.9M
Q1 24
$-954.2M
$-4.0M
Cash Conversion
RWT
RWT
SCYX
SCYX
Q4 25
-504.15×
1.50×
Q3 25
Q2 25
Q1 25
-120.92×
Q4 24
Q3 24
-140.86×
Q2 24
-126.56×
Q1 24
-31.53×
-9.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RWT
RWT

Segment breakdown not available.

SCYX
SCYX

Glaxosmithkline Intellectual Property$17.2M92%
Products$1.4M8%

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