Redwood Mortgage Investors IX financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Redwood Mortgage Investors IX files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
2.7
4.05
5.25
6.07
6.37
6.55
6.09
6.14
6.2
5.08
Operating expenses
0.09
0.19
0.46
1.01
1.52
1.74
2.03
2.33
2.72
2.92
Interest expense
0.3
0.46
0.52
0.67
0.68
0.05
Interest income
5.99
6.56
6.94
6.53
6.78
6.82
5.04
Net income
2.61
3.87
4.79
4.97
4.85
4.81
4.06
3.81
3.39
1.83
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
2.19
8.51
10.7
4.45
2.3
1.03
5.06
1.71
12.1
0.56
Other current assets
0
0.03
0
0
0
0
Total assets
42.7
63.7
73.3
75.7
85.4
82.1
77.9
67.8
67.1
59.1
Accounts payable
0
0
0.01
Total liabilities
0.01
0.04
10.1
8.66
10.3
2.35
4.2
0.09
Total liabilities and equity
42.7
63.7
73.3
75.7
85.4
82.1
77.9
67.8
67.1
59.1
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
2.61
3.87
4.79
4.97
4.85
4.81
4.06
3.81
3.39
1.83
Change in payables
0
0.03
0.06
-0.03
0.03
0
-0
-0.08
Cash from operations
2.55
3.8
4.67
4.81
4.71
5.81
3.8
3.54
3.34
1.83
Cash from investing
-12.8
-14.6
-7.22
-8.46
-11.5
1.14
8.69
6.85
11.2
-3.64
Cash from financing
10.6
17.2
4.72
-2.57
4.67
-8.21
-8.47
-13.7
-4.17
-9.69
Net change in cash
0.39
6.31
2.17
-6.22
-2.15
-1.27
4.02
-3.34
10.3
-11.5
Interest paid
0.23
0.4
0.47
0.67
0.62
0.08
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. No valuation: we have no share price for this company.
Profitability
Metric
Value
How it is calculated
Net margin
46.5%
Net income / revenue.
Operating cash flow margin
41.7%
Cash from operations / revenue.
Return on assets (ROA)
4.4%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-18.1%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-5.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-4.4%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y
-46.1%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
-23.4%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y
-17.8%
Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y
-45.2%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
-21.6%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y
-17.2%
Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-11.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-8.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-7.1%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Liabilities / assets
3.4%
Total liabilities / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.09x
Revenue / average total assets.
What was Redwood Mortgage Investors IX's revenue in fiscal 2025?
Redwood Mortgage Investors IX reported revenue of $5.1M for fiscal 2025, 18.1% lower than the year before.
Was Redwood Mortgage Investors IX profitable in fiscal 2025?
Yes. Net income was $1.8M, a net margin of 35.9%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.