Every 10-Q that Redwood Trust, Inc. (RWT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RWT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RWT filings page.
Redwood Trust, Inc. reported a consolidated net loss for Q2 2026 that was lower than in Q2 2025. For the quarter, net loss was 1,100 (in thousands), or 2,858 (in thousands) attributable to common stockholders. Total interest income reached 385,224 (in thousands), producing net interest income of 32,071 (in thousands), while non-interest income was positive 23,939 (in thousands) from mortgage banking, servicing, and HEI activities.
Total assets rose to 28,818,131 (in thousands) at June 30, 2026, led by residential consumer loans of 23,638,696 (in thousands) funded largely through 22,515,907 (in thousands) of asset-backed securities. Equity was 933,839 (in thousands) as cumulative distributions exceeded cumulative earnings. Sequoia and Aspire mortgage banking segments generated solid positive contribution, offset by losses in Legacy Investments and Corporate/Other. Operating cash flow was an outflow of 8,254,974 (in thousands), driven by heavy loan origination and purchase activity, largely offset by securitization and other financing inflows.
Redwood Trust, Inc. reported a small net loss for the quarter ended March 31, 2026. The company generated total interest income of $356.9 million, up from $272.1 million a year earlier, but higher interest expense of $322.2 million and fair value losses on investments reduced profitability.
Non‑interest income was $29.2 million, down from $45.9 million, as investment fair value changes turned negative. After operating expenses, Redwood posted a net loss of $5.5 million, versus net income of $16.1 million in the prior‑year quarter, and a basic and diluted loss per common share of $0.07. Total assets increased to $26.8 billion, while equity declined modestly to $956.7 million, reflecting the loss and common and preferred dividends.
Redwood Trust, Inc. reported a net loss of $7.7 million in the quarter ended September 30, 2025, compared with net income of $14.8 million a year earlier, as higher funding costs and negative fair value marks offset solid mortgage banking revenue.
For the first nine months of 2025, Redwood posted a net loss of $90.0 million versus net income of $60.6 million in 2024. Total interest income rose to $856.0 million, but interest expense climbed to $799.2 million, and investment fair value changes swung to a loss of $96.9 million.
The newly separated Legacy Investments segment was a key drag, with a nine‑month loss of $128.3 million and a third‑quarter loss of $22.2 million, reflecting stress in residential investor bridge loans and related assets. Redwood transferred $484 million of legacy bridge loans and REO into a new Legacy Trust, retaining a $182 million subordinate interest and recording a $6 million valuation loss.
By contrast, the core Sequoia and CoreVest mortgage banking segments remained profitable, generating nine‑month contributions of $82.3 million and $12.6 million, respectively. Total assets increased to $22.6 billion, while stockholders’ equity declined to $999.0 million, pressured by losses, common dividends and share repurchases.
Redwood Trust reported a large quarterly loss of $98.5 million for the three months ended June 30, 2025, compared with net income of $15.5 million a year earlier. The loss was driven primarily by $84.7 million of investment fair value declines and an HEI loss of $12.9 million, while mortgage banking income strengthened to $40.9 million (up from $18.9 million). Net interest income fell to $13.8 million as interest expense on ABS and debt rose sharply.
On the balance sheet, total assets increased to $21.33 billion from $18.26 billion, led by residential consumer loans of $14.20 billion. Asset-backed securities issued rose to $15.99 billion. Equity declined to $1.05 billion. Cash and restricted cash totaled $448.2 million. Management created a new Legacy Investments segment to report non-core assets that are in runoff or intended for disposition.