Redwood Trust G&A increased by 21.0% to $49.36M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 31.7%, from $37.47M to $49.36M. Over 4 years (FY 2021 to FY 2025), G&A shows relatively stable performance with a -1.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A decrease relative to revenue indicates improved operational efficiency, while an increase may signal rising overhead or scaling costs.
Detailed definition
Covers the essential overhead costs required to run the business, including salaries, office expenses, legal fees, and a...
Peer comparison
Universal metric for all public companies; used to calculate operating margins.
general_and_administrativeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $40.59M | $47.69M | $33.38M | $33.28M | $30.20M | $38.24M | $39.19M | $35.56M | $30.81M | $29.70M | $32.24M | $34.57M | $33.28M | $36.01M | $32.53M | $37.47M | $36.98M | $38.71M | $40.79M | $49.36M |
| QoQ Change | — | +17.5% | -30.0% | -0.3% | -9.2% | +26.6% | +2.5% | -9.3% | -13.4% | -3.6% | +8.6% | +7.2% | -3.7% | +8.2% | -9.7% | +15.2% | -1.3% | +4.7% | +5.4% | +21.0% |
| YoY Change | — | — | — | — | -25.6% | -19.8% | +17.4% | +6.8% | +2.0% | -22.3% | -17.7% | -2.8% | +8.0% | +21.3% | +0.9% | +8.4% | +11.1% | +7.5% | +25.4% | +31.7% |
Business Segments — CoreVest
| Segment | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|
| CoreVest | $10.22M | $9.97M | $9.46M | $12.99M |
| Sequoia | $7.21M | $7.77M | $12.69M | $7.05M |
| Redwood Investments | $1.53M | $1.60M | $1.07M | $3.38M |
| Aspire | — | — | — | $2.47M |
| Legacy Investments | $57.00K | $23.00K | $16.00K | $16.00K |
| Total | $36.98M | $38.71M | $40.79M | $49.36M |
Business Segments — Business Purpose Mortgage Banking
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Residential Investor Mortgage Banking | — | — | — | — | — | $11.43M | $9.68M | $9.31M |
| Residential Consumer Mortgage Banking | $4.65M | $4.81M | $3.74M | $4.52M | — | $4.79M | $4.96M | $5.24M |
| Investment Portfolio | $1.57M | $1.41M | $1.24M | $1.34M | $1.65M | $2.18M | $641.00K | $701.00K |
| Business Purpose Mortgage Banking | $16.48M | $13.68M | $11.64M | $9.40M | — | — | — | — |
| Total | $39.19M | $35.56M | $30.81M | $29.70M | $32.24M | $34.57M | $33.28M | $36.01M |
Business Purpose Mortgage Banking, Investment Portfolio, Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — CoreVest Mortgage Banking
| Segment | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '24 | Q1 '25 |
|---|---|---|---|---|---|
| CoreVest Mortgage Banking | $14.14M | $14.14M | $14.14M | $9.60M | $10.60M |
| Sequoia Mortgage Banking | $5.64M | $5.64M | $5.64M | $5.02M | $6.35M |
| Total | $33.28M | $30.20M | $38.24M | $32.53M | $37.47M |
CoreVest Mortgage Banking, Sequoia Mortgage Banking were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
G&A at Other Companies
Frequently Asked Questions
- What is Redwood Trust's g&a?
- Redwood Trust (RWT) reported g&a of $49.36M in Q1 2026.
- How has Redwood Trust's g&a changed year-over-year?
- Redwood Trust's g&a increased by 31.7% year-over-year, from $37.47M to $49.36M.
- What is the long-term trend for Redwood Trust's g&a?
- Over 4 years (2021 to 2025), Redwood Trust's g&a has grown at a -1.8% compound annual growth rate (CAGR), from $165.22M to $153.95M.
- What does g&a mean?
- The total cost of operating the business excluding direct production costs.