REDWOOD TRUST INC (RWTQ)
CIK 930236 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 116.6M shares as of Nov 9, 2026 (10-Q).⊙
Cash runway
~0 months of cash left
critical · burning $2.52B / quarter
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Second Tranche Warrants | 4.6M | not tagged | — | — |
| First Tranche Warrants | 2.0M | not tagged | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed Nov 9, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
Reported exercise price: $7.76 (aggregate figure as tagged; individual tranches vary).
Balance-sheet fair value of warrants: $800,000 as of Oct 31, 2025.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| 7.00 Convertible Senior Notes | $205.0M | — | $4.69 | 7% | ~43.7M sh |
| 7.75 Convertible Senior Notes Two | not tagged | — | $4.69 | — | — |
| 7.75 Convertible Senior Notes | not tagged | — | $10.45 | — | — |
If every note above converted at its tagged price: ~43.7M new shares on 116.6M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.
Notes exactly as the company dimensioned them in its 10-Q filed Nov 9, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 116.6M | Nov 9, 2026 |
| + Second Tranche Warrants (if exercised) | 4.6M | Mar 31, 2024 |
| + First Tranche Warrants (if exercised) | 2.0M | Mar 31, 2024 |
| + 7.00 Convertible Senior Notes (if fully converted) | 43.7M | Sep 30, 2026 |
| Fully diluted estimate | 166.9M | +43.1% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Last 12 months: 6 executed · 0 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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