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Redwood Trust(NYSE) RWT

Current Price$4.93
Market Cap$616.06MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1995)+340%
5 Year-27%
1 Year-7%
1 Month+2%
Redwood Trust last closing stock price
MetricPriceDate
Last closeUSD 4.922026-07-24
Redwood Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.91%USD 5.122026-07-17
1 month+2.29%USD 4.812026-06-24
3 month-10.6%USD 5.502026-04-24
Year to date-4.57%USD 5.162025-12-31
1 year-7.09%USD 5.302025-07-24
3 year+0.82%USD 4.882023-07-25
5 year-26.98%USD 6.742021-07-23
Since inception+340.32%USD 1.121995-08-04

Redwood Trust Financials at a Glance

Market Cap

$616.06MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.13B

Net Income (TTM)

-$91.68M

EPS (TTM)

-$0.78

P/E Ratio

-6.28

Dividend

$0.72

Beta (Volatility)

1.04 (Average)

Price

$4.93

Volume

44,579

Open

$4.95

Previous Close

$4.93

Daily Range

$4.93 - $5.03

52-Week Range

$4.19 - $6.97

Estimated Earnings Date

Jul 28, 2026

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About Redwood Trust

Redwood Trust helps people get money for homes. It connects property buyers with real estate investors. The firm serves markets that government programs miss.

Four Ways Redwood Moves Money

  • Sequoia Mortgage Banking: Acquires residential home loans from third-party lenders to sell them or package them into securitizations.
  • CoreVest Mortgage Banking: Originates and acquires loans for investors who buy rental houses or apartment buildings.
  • Redwood Investments: Manages a portfolio of housing credit assets created by the company's own lending and packaging platforms.
  • Legacy Investments: Holds older assets that the company is currently selling or finishing as it simplifies its business.

Growing the Business Footprint

  • Acquired CoreVest in 2019 to expand into the market for residential rental property loans.
  • Launched the Aspire brand in the first quarter of 2025 to offer loans for high-quality borrowers needing alternative underwriting.
  • Formed two joint ventures with institutional managers to invest in loans originated by CoreVest.
  • Reclassified non-core assets in the second quarter of 2025 to focus on its primary mortgage banking businesses.

What Makes Redwood Unique?

The company operates as a specialist lender that provides liquidity to housing sectors not served by government-sponsored entities. It manages the entire value chain by finding loans, packaging them into securities, and selling them to global investors.

The Financial Scorecard

  • Gross profit reached $78.4 million in Q1 2026, up 22.9% from $63.8 million in Q1 2025.
  • Revenue fell to $87.1 million in Q1 2026, down 71.7% from $307.9 million in the prior year.
  • Net income worsened to a loss of $5.5 million in Q1 2026, down from a profit of $16.1 million in Q1 2025.
  • Market capitalization was $700 million in Q1 2026, down 13.1% from $805.9 million the year before.

Future-Focused Evolution

Redwood has evolved from a broad investment firm into a specialized housing finance platform. Its transition to a capital-light model focuses on simplified operations and internally originated real estate investments.

AI Generated • May 4, 2026

Industry

Mortgage Real Estate Investment Trusts (REITs)

Employees

351

CEO

Christopher J. Abate, MBA, CPA

Headquarters

Mill Valley, CA 94941, US

RWT Financials

Key Financial Metrics (TTM)

Gross Margin

21.31%

Operating Margin

20.04%

Net Income Margin

-8.14%

Return on Equity

-9.19%

Return on Capital

4.56%

Return on Assets

-0.34%

Earnings Yield

-15.92%

Dividend Yield

14.63%

Payout Ratio

-1.14%

Stock Overview

Market Cap

$616.06MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

125.22M

Volume

44.58K

Avg. Volume

2.30M

Financials (TTM)

Gross Profit

$240.04M

Operating Income

$225.78M

EBITDA

$235.36M

Operating Cash Flow

-$12.65B

Capital Expenditure

$0.00

Free Cash Flow

-$12.65B

Cash & ST Invst.

$678.80M

Total Debt

$25.29B

Redwood Trust Performance Analysis

Redwood Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 729,810,0008.7%
20232023-12-31USD 772,089,0005.8%
20242024-12-31USD 998,791,00029.4%
20252025-12-31USD 1,107,001,00010.8%
Redwood Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-29.3%
Q32025-09-3050.5%
Q42025-12-31-35.7%
Q12026-03-3175.9%
Redwood Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -1.43N/A
20232023-12-31USD -0.11-92.2%
20242024-12-31USD 0.32N/A
20252025-12-31USD -0.63N/A
Redwood Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-860.0%
Q32025-09-3089.5%
Q42025-12-31262.5%
Q12026-03-31-152.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$370.68M

+20.4%

Gross Profit

$48.48M

-24.0%

Gross Margin

13.08%

N/A

Market Cap

$616.06MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.76M

N/A

Employees

351

N/A

Net Income

-$5.50M

-134.1%

EBITDA

-$5.73M

-122.8%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$678.80M

+46.1%

Total Debt

$25.29B

+41.6%

Accounts Receivable

$302.71M

+57.9%

Inventory

$0.00

N/A

Long Term Debt

$21.94B

+38.6%

Short Term Debt

$3.36B

+66.1%

Return on Assets

-0.34%

N/A

Return on Invested Capital

0.96%

N/A

Free Cash Flow

-$4.51B

-130.9%

Operating Cash Flow

-$4.51B

-130.9%

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Questions About RWT

What is the current price of Redwood Trust?

Redwood Trust is trading at $4.93 per share.

What is the 52-week range for Redwood Trust?

Over the past 52 weeks, Redwood Trust has traded between $4.19 and $6.97.

How much debt does Redwood Trust have?

As of the most recent reporting period, Redwood Trust reported total debt of $25.30B.

How much cash does Redwood Trust have on hand?

Redwood Trust reported $294.70M in cash and cash equivalents in its most recent financial results.

What is Redwood Trust’s dividend yield?

Redwood Trust currently has a dividend yield of 14.63%.

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