Filing Flows › Redwood Mortgage Investors IX (RWDMU) › Q1 2026
Redwood Mortgage Investors IX (RWDMU) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
Redwood Mortgage Investors IX (RWDMU) reported revenue of $1.4M for the first quarter 2026 (Q1 2026), +29% from a year earlier and -28% from the quarter before. Operating margin was 47.6%, net earnings $655K (47.6% of revenue).
Redwood Mortgage Investors IX, Q1 2026: revenue $1.4M (+29% year over year), operating margin 47.6%, net earnings $655K, operating cash flow $779K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4M | -28% | +29% |
| Operating profit | $655K | -35% | +202% |
| Net earnings | $655K | -35% | +202% |
| Operating cash flow | $779K | -27% | +533% |
What changed
Revenue was $1.4M in Q1 2026, up 29% year over year and down 28% from the previous quarter.
Operating profit was $655K, a 47.6% margin (up 27.3 points year over year). Of the extra revenue versus Q1 2025, 141% reached operating profit, above the 20% margin then. Total costs fell 15% while revenue rose 29%. Net earnings were $655K, up 202% year over year. The effective tax rate was 0.0%.
Operating cash flow was $779K (up 533% year over year), 119% of net earnings. Working capital and other items added $124K.
Questions
What was Redwood Mortgage Investors IX's revenue in the first quarter 2026?
Redwood Mortgage Investors IX (RWDMU) reported revenue of $1.4M for the first quarter 2026 (Q1 2026), +29% from a year earlier and -28% from the quarter before.
Was Redwood Mortgage Investors IX profitable in the first quarter 2026?
Operating profit was $655K (47.6% of revenue) and net earnings $655K.