Filing Flows › Redwood Mortgage Investors IX (RWDMU) › Q3 2025
Redwood Mortgage Investors IX (RWDMU) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Redwood Mortgage Investors IX (RWDMU) reported revenue of $1.1M for the third quarter 2025 (Q3 2025), -39% from a year earlier and +0.4% from the quarter before. Operating margin was 31.6%, net earnings $334K (31.6% of revenue).
Redwood Mortgage Investors IX, Q3 2025: revenue $1.1M (-39% year over year), operating margin 31.6%, net earnings $334K, operating cash flow $300K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | +0.4% | -39% |
| Operating profit | $334K | +23% | -70% |
| Net earnings | $334K | +23% | -70% |
| Operating cash flow | $300K | -13% | -74% |
What changed
Revenue was $1.1M in Q3 2025, down 39% year over year and roughly flat from the previous quarter.
Operating profit was $334K, a 31.6% margin (down 32.6 points year over year). Total costs grew 17% against a revenue fall of 39%. Net earnings were $334K, down 70% year over year. The effective tax rate was 0.0%.
Operating cash flow was $300K (down 74% year over year), 90% of net earnings. Working capital and other items used $34K.
Questions
What was Redwood Mortgage Investors IX's revenue in the third quarter 2025?
Redwood Mortgage Investors IX (RWDMU) reported revenue of $1.1M for the third quarter 2025 (Q3 2025), -39% from a year earlier and +0.4% from the quarter before.
Was Redwood Mortgage Investors IX profitable in the third quarter 2025?
Operating profit was $334K (31.6% of revenue) and net earnings $334K.