Filing Flows › Redwood Mortgage Investors IX (RWDMU) › Q4 2024
Redwood Mortgage Investors IX (RWDMU) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 24, 2025
Redwood Mortgage Investors IX (RWDMU) reported revenue of $1.6M for the fourth quarter 2024 (Q4 2024), -4% from a year earlier and -10% from the quarter before. Operating margin was 50.7%, net earnings $788K (50.7% of revenue).
Redwood Mortgage Investors IX, Q4 2024: revenue $1.6M (-4% year over year), operating margin 50.7%, net earnings $788K, operating cash flow $984K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | -10% | -4% |
| Operating profit | $788K | -29% | -17% |
| Net earnings | $788K | -29% | -17% |
| Operating cash flow | $984K | -14% | +3% |
What changed
Revenue was $1.6M in Q4 2024, down 4% year over year and down 10% from the previous quarter.
Operating profit was $788K, a 50.7% margin (down 8.5 points year over year). Total costs grew 17% against a revenue fall of 4%. Net earnings were $788K, down 17% year over year. The effective tax rate was 0.0%.
Operating cash flow was $1.0M (up 3% year over year), 125% of net earnings. Working capital and other items added $196K.
Questions
What was Redwood Mortgage Investors IX's revenue in the fourth quarter 2024?
Redwood Mortgage Investors IX (RWDMU) reported revenue of $1.6M for the fourth quarter 2024 (Q4 2024), -4% from a year earlier and -10% from the quarter before.
Was Redwood Mortgage Investors IX profitable in the fourth quarter 2024?
Operating profit was $788K (50.7% of revenue) and net earnings $788K.