Earnings summaries and quarterly performance for REDWOOD TRUST.
Executive leadership at REDWOOD TRUST.
Board of directors at REDWOOD TRUST.
Research analysts who have asked questions during REDWOOD TRUST earnings calls.
Eric Hagen
BTIG
8 questions for RWT
Also covers: AGNC, AOMR, ARR +21 more
Bose George
Keefe, Bruyette & Woods
7 questions for RWT
Also covers: ACT, AGM, AGNC +25 more
Donald Fandetti
Wells Fargo & Company
7 questions for RWT
Also covers: AOMR, AXP, BXMT +7 more
DH
Douglas Harter
UBS
5 questions for RWT
Also covers: ACRE, ACT, AGNC +43 more
SD
Steven Delaney
Citizens JMP Capital
5 questions for RWT
Also covers: ABR, ACRE, ARI +12 more
Crispin Love
Piper Sandler
4 questions for RWT
Also covers: ABL, ABR, AGNC +24 more
RS
Richard Shane
JPMorgan Chase & Co.
4 questions for RWT
Also covers: ABR, ACRE, ACT +21 more
RS
Rick Shane
JPMorgan Chase & Co.
3 questions for RWT
Also covers: ABR, ACRE, ACT +19 more
BC
Bradley Capuzzi
Piper Sandler
2 questions for RWT
Also covers: LC, LFT, MITT +1 more
JW
Jason Weaver
Unaffiliated Analyst
2 questions for RWT
Also covers: AGNC, ARR, BRSP +18 more
MG
Mikhail Goberman
Citizens JMP
2 questions for RWT
Also covers: ARR, BETR, CHMI +6 more
BV
Brian Violino
Wedbush Securities Inc.
1 question for RWT
Also covers: CXW, GEO
Don Fandetti
Wells Fargo
1 question for RWT
Also covers: AXP, BXMT, COF +4 more
DH
Doug Harter
UBS Group AG
1 question for RWT
Also covers: AOMR, ARCC, ARI +20 more
SD
Steve Delaney
Citizens JMP Securities, LLC
1 question for RWT
Also covers: FBRT, LADR, MFA +1 more
Recent press releases and 8-K filings for RWT.
Redwood Trust Reports Q4 2025 Earnings with Strong Mortgage Banking Performance and Strategic Progress
RWT
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Redwood Trust reported GAAP EPS of $0.13 and Non-GAAP Core Segments EAD EPS of $0.33 for Q4 2025, achieving a 7.7% ROE and a 23.8% Non-GAAP Core Segments EAD ROE.
- The Mortgage Banking segment demonstrated strong performance with a 29% Return on Capital (ROC) in Q4 2025 , contributing to a 26% FY'25 Mortgage Banking ROC. Total Mortgage Banking volume for FY'25 was $22.7 billion, representing a 111% year-over-year increase.
- The company continued its strategic shift, reducing Legacy Investments capital by 41% from Q2 2025 to $306 million in Q4 2025 , while Non-GAAP Core Segments EAD increased by 72% to $43 million over the same period.
- Redwood Trust's AI initiatives have led to significant operational efficiencies, with 200+ active AI agents in production eliminating 3,000+ manual hours and achieving 75% faster document review.
Feb 11, 2026, 10:00 PM
Redwood Trust Reports Strong Q4 2025 Earnings and Record Full-Year Mortgage Banking Volume
RWT
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Redwood Trust reported positive GAAP consolidated earnings of $18.3 million, or $0.13 per share, and consolidated earnings available for distribution (EAD) of $0.20 per share for Q4 2025, exceeding its common dividend. The company also achieved a 26% total return on capital for the full year 2025.
- The company saw record mortgage banking activity in 2025, with $23 billion of volume across its Sequoia, CoreVest, and Aspire platforms, the highest in company history. This momentum continued into 2026, with $3.6 billion in volume for January.
- Redwood Trust has strategically shifted its capital allocation, with over 80% now invested in core operating and related activities by year-end 2025, up from 57% in 2024, and is actively winding down its legacy investment portfolio.
- Management anticipates core operating performance to drive consolidated earnings above its common dividend in 2026, supported by improved operating leverage, including a reduction in operating expenses to 0.9% of production volume in 2025 and expected $10 million-$15 million in annualized back-office cost reductions in 2026.
Feb 11, 2026, 10:00 PM
Redwood Trust Reports Strong Q4 2025 Financial Results and Record Full-Year Mortgage Banking Volume
RWT
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Redwood Trust reported GAAP net income of $18.3 million, or $0.13 per share, for Q4 2025, a significant improvement from a GAAP loss in Q3, and non-GAAP consolidated earnings available for distribution (EAD) of $0.20 per share, which exceeded the common dividend.
- The company achieved record full-year 2025 mortgage banking volume of $23 billion across its Sequoia, CoreVest, and Aspire platforms, marking the highest in its history, with Q4 volumes for Sequoia at $5.3 billion and Aspire at a record $1.5 billion.
- A strategic shift has seen over 80% of capital invested in core operating and related activities by year-end 2025, up from 57% in 2024, as the company accelerates the wind-down of its legacy investment portfolio.
- Operating efficiency significantly improved in 2025, with mortgage banking volumes growing approximately 6 times faster than total operating expenses, reducing total operating expense to about 0.9% of production volume from 1.6% in the prior year.
- Management projects that core operating performance will drive consolidated earnings above the common dividend in 2026, supporting organic growth, with January 2026 volume already at $3.6 billion.
Feb 11, 2026, 10:00 PM
Redwood Trust Reports Strong Q4 2025 Earnings and Record Full-Year Volume
RWT
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Redwood Trust reported GAAP net income of $18.3 million, or $0.13 per share, and non-GAAP consolidated earnings available for distribution (EAD) of $0.20 per share for Q4 2025, a significant increase from Q3 2025.
- The company achieved a record $23 billion in volume across its operating platforms for the full year 2025, with a strategic shift resulting in over 80% of capital invested in core operating activities by year-end 2025, up from 57% in 2024.
- Operating leverage improved in 2025, as mortgage banking volumes grew approximately 6 times faster than total operating expenses, and the company expects to reduce annualized back-office run rate costs by $10-$15 million in 2026.
- For 2026, Redwood Trust anticipates consolidated earnings to exceed its common dividend, driven by continued volume acceleration, with January 2026 volume at $3.6 billion, and the upcoming launch of its inaugural Aspire securitization.
Feb 11, 2026, 10:00 PM
Redwood Trust Reports Strong Q4 and Full Year 2025 Financial Results
RWT
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Redwood Trust, Inc. (RWT) reported GAAP net income of $18.3 million, or $0.13 per basic and diluted common share, for Q4 2025, a significant improvement from a net loss of $(9.5) million, or $(0.08) per share, in Q3 2025.
- For the full year 2025, combined Mortgage Banking volume reached a record $23 billion, representing a 111% year-over-year increase, and generated GAAP net income of $146.2 million with a 26% Return on Capital (ROC).
- GAAP book value per common share was $7.36 at December 31, 2025, a slight increase from $7.35 per share at September 30, 2025, after giving effect to a $0.18 per share fourth quarter dividend.
- The company repurchased 9.2 million shares of common stock for $53 million during 2025, contributing $0.13 per share of accretion to book value.
Feb 11, 2026, 9:15 PM
Redwood Trust Reports Strong Fourth Quarter and Full Year 2025 Financial Results
RWT
Earnings
Dividends
Share Buyback
- Redwood Trust reported GAAP net income of $18.3 million or $0.13 per basic and diluted common share for the fourth quarter of 2025, with Non-GAAP Core Segments Earnings Available for Distribution (EAD) of $43.2 million or $0.33 per basic common share.
- For the full year 2025, the company achieved a record $23 billion in combined Mortgage Banking volume, a 111% year-over-year increase, and combined Mortgage Banking GAAP net income of $146.2 million.
- The company's GAAP book value per common share was $7.36 at December 31, 2025, and it declared dividends of $0.18 per common share for the quarter.
- Redwood Trust repurchased 2.7 million shares of common stock for $15 million in Q4 2025, and a total of 9.2 million shares for $53 million for the full year 2025.
Feb 11, 2026, 9:15 PM
Redwood Trust Completes Public Offering of Senior Notes
RWT
Debt Issuance
New Projects/Investments
- Redwood Trust, Inc. completed a public offering of $100,000,000 aggregate principal amount of its 9.500% Senior Notes due 2030 on November 19, 2025.
- The offering included an over-allotment option for underwriters to purchase up to an additional $15,000,000 aggregate principal amount of notes.
- The resulting net proceeds are approximately $96.4 million (or approximately $110.9 million if the over-allotment option is fully exercised).
- The company intends to use these net proceeds for general corporate purposes, including funding its operating businesses and investment activities, and pursuing strategic acquisitions.
Nov 19, 2025, 9:05 PM
Redwood Trust Reports Record Q3 2025 Loan Originations and Strategic Progress
RWT
Earnings
Share Buyback
New Projects/Investments
- Redwood Trust achieved record loan locks and originations of nearly $7 billion in Q3 2025, with Sequoia contributing $5.1 billion and Aspire $1.2 billion.
- The company reported core segment earnings available for distribution (EAD) of $0.20 per share for Q3 2025, and its combined GAAP return on equity for mortgage banking segments reached 28%.
- Redwood Trust significantly reduced its legacy asset exposure from 33% of total capital at July 30th to 25% by September 30th, while also repurchasing 5 million shares during the quarter.
- The corporate-secured borrowing facility with CPP Investments was expanded to $400 million from $250 million, enhancing liquidity and supporting growth in core platforms.
- A GAAP net loss of $9.5 million or $0.08 per share was reported, primarily due to transaction-related expenses from legacy asset resolution, which contributed to a GAAP book value decline to $7.34 per share at September 30th.
Oct 29, 2025, 9:00 PM
Redwood Trust Reports Q3 2025 Results with Record Loan Volumes and Strategic Capital Reallocation
RWT
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Redwood Trust reported a GAAP net loss of $9.5 million, or $0.08 per share, for Q3 2025, while achieving core segment earnings available for distribution (EAD) of $0.20 per share, representing a 17% return on equity.
- The company locked or originated a record nearly $7 billion of loans in Q3 2025, including $5.1 billion at Sequoia and $1.2 billion at Aspire.
- Capital allocated to legacy investments was significantly reduced to 25% of total capital at September 30, down from 33% at July 30, with a target of 20% by year-end.
- Redwood Trust expanded its relationship with CPP Investments, extending their joint venture and increasing its corporate-secured borrowing facility to $400 million from $250 million.
- The company paid a $0.18 per share dividend and repurchased 5 million shares during the quarter, totaling 6.5 million shares since June.
Oct 29, 2025, 9:00 PM
Redwood Trust Reports Q3 2025 Financial Results and Record Loan Originations
RWT
Earnings
Share Buyback
New Projects/Investments
- Redwood Trust (RWT) reported a Q3 2025 GAAP net loss of $9.5 million or $0.08 per share, while core segment earnings available for distribution (EAD) reached $0.20 per share.
- The company achieved a record $7 billion in loan locks and originations during Q3 2025, driven by $5.1 billion from Sequoia and $1.2 billion from Aspire, with mortgage banking segments maintaining return on equities (ROEs) above 20% for five consecutive quarters.
- RWT significantly reduced its legacy investment exposure to 25% of total capital from 33% at June 30, 2025, and expanded its corporate-secured borrowing facility with CPP Investments to $400 million.
- Book value per common share stood at $7.35 at September 30, 2025, and the company repurchased 5 million shares during the quarter, alongside paying a $0.18 per share dividend.
Oct 29, 2025, 9:00 PM
Quarterly earnings call transcripts for REDWOOD TRUST.
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