RWDMU · CIK 0001448038
REDWOOD MORTGAGE INVESTORS IX
Annual figures as reported, FY2014–FY2025. Ratios and growth rates derived on-page.
Real Estate
Company profile
Revenue
$5.1M
▼ −18.1% vs FY2024
Net income
$1.8M
▼ −46.1% vs FY2024
Operating cash flow
$1.8M
▼ −45.2% vs FY2024
Total assets
$59.1M
▼ −11.9% vs FY2024
Revenue
Annual, as reported
Net income
Annual, as reported
Recent quarters
momentum · last 12 quartersRevenue — Mar ’26 quarter
$1.4M
▲ +29.1% vs Mar ’25
Net income — Mar ’26 quarter
$655K
▲ +201.8% vs Mar ’25
Revenue — trailing 12 months
$5.4M
▼ −7.3% vs Mar ’25
Quarterly revenue
Discrete quarters; Q4 derived from the annual figure
Quarterly net income
Discrete quarters; Q4 derived from the annual figure
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Mar ’26 | $1.4M | 29.1% | — | $655K | 47.6% | — |
| Dec ’25 | $1.9M | 22.6% | — | $1.0M | 52.7% | — |
| Sep ’25 | $1.1M | −38.7% | — | $334K | 31.6% | — |
| Jun ’25 | $1.1M | −28.4% | — | $271K | 25.8% | — |
| Mar ’25 | $1.1M | −26.6% | — | $217K | 20.4% | — |
| Dec ’24 | $1.6M | −3.5% | — | $789K | 50.8% | — |
| Sep ’24 | $1.7M | 12.8% | — | $1.1M | 64.2% | — |
| Jun ’24 | $1.5M | −7.3% | — | $847K | 57.7% | — |
Profitability & returns
quality of earningsMargins
Share of revenue kept at each line
Returns on capital
Net income vs year-end equity and assets
Cash flow
cash generationOperating cash flow
Net cash from operations
Growth rates
compounding, annualizedRevenue CAGR
−5.9%
3y
−4.4%
5y
+10.7%
10y
Net income CAGR
−23.4%
3y
−17.8%
5y
+0.4%
10y
Key ratios
derived per fiscal year| Fiscal year | Net margin | ROA |
|---|---|---|
| FY2025 | 35.9% | 3.1% |
| FY2024 | 54.7% | 5.0% |
| FY2023 | 62.0% | 5.6% |
| FY2022 | 66.7% | 5.2% |
| FY2021 | 73.4% | 5.9% |
| FY2020 | 76.2% | 5.7% |
| FY2019 | 82.0% | 6.6% |
| FY2018 | 91.3% | 6.5% |
| FY2017 | 95.4% | 6.1% |
| FY2016 | 96.6% | 6.1% |
| FY2015 | 95.3% | 6.0% |
| FY2014 | 79.6% | 5.3% |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | $5.1M | — | — | $1.8M | — | $1.8M | — | $59.1M | $89K | — | $562K | — |
| FY2024 | $6.2M | — | — | $3.4M | — | $3.3M | — | $67.1M | $4.2M | — | $12.1M | — |
| FY2023 | $6.1M | — | — | $3.8M | — | $3.5M | — | $67.8M | $2.4M | — | $1.7M | — |
| FY2022 | $6.1M | — | — | $4.1M | — | $3.8M | — | $77.9M | $10.3M | — | $5.1M | — |
| FY2021 | $6.5M | — | — | $4.8M | — | $5.8M | — | $82.1M | $8.7M | — | $1.0M | — |
| FY2020 | $6.4M | — | — | $4.9M | — | $4.7M | — | $85.4M | $10.1M | — | $2.3M | — |
| FY2019 | $6.1M | — | — | $5.0M | — | $4.8M | — | $75.7M | $37K | — | $4.5M | — |
| FY2018 | $5.2M | — | — | $4.8M | — | $4.7M | — | $73.3M | — | — | $10.7M | — |
| FY2017 | $4.1M | — | — | $3.9M | — | $3.8M | — | $63.7M | — | — | $8.5M | — |
| FY2016 | $2.7M | — | — | $2.6M | — | $2.6M | — | $42.7M | — | — | $2.2M | — |
| FY2015 | $1.8M | — | — | $1.8M | — | $1.8M | — | $29.5M | — | — | $1.8M | — |
| FY2014 | $1.4M | — | — | $1.1M | — | $986K | — | $20.8M | $319 | — | $1.3M | — |
Latest filings
the most recent regulatory filings10-QQuarterly report2026-05-20 ↗NT 10-QSEC filing2026-05-18 ↗8-KCurrent report — material event2026-05-07 ↗8-KCurrent report — material event2026-04-24 ↗10-KAnnual report2026-04-14 ↗NT 10-KSEC filing2026-03-31 ↗8-KCurrent report — material event2026-03-17 ↗10-QQuarterly report2025-11-12 ↗10-QQuarterly report2025-08-19 ↗NT 10-QSEC filing2025-08-14 ↗
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