Income Tax
Redwood Trust Income Tax decreased by 131.3% to -$2.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 140.0%, from $6.26M to -$2.50M. Over 4 years (FY 2021 to FY 2025), Income Tax shows an upward trend with a 8.0% CAGR.
Analysis
How to read this metric
Changes often reflect fluctuations in pre-tax income or changes in tax legislation rather than operational performance.
Detailed definition
The total provision for income taxes recognized during the reporting period based on taxable income. It reflects the com...
Peer comparison
Varies significantly based on corporate structure, such as REIT status, and geographic footprint.
income_tax_expenseHistorical 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 | $6.69M | -$4.32M | $4.57M | -$2.46M | -$9.44M | $1.42M | -$9.44M | -$1.12M | $69.00K | $1.70M | $993.00K | $523.00K | $4.92M | $7.13M | $6.26M | $6.26M | $4.56M | $6.35M | $8.01M | -$2.50M |
| QoQ Change | — | -164.6% | +205.7% | -153.8% | -284.2% | +115.0% | -765.9% | +88.1% | +106.1% | >999% | -41.5% | -47.3% | +841.5% | +44.8% | -12.1% | +0.0% | -27.1% | +39.3% | +26.1% | -131.3% |
| YoY Change | — | — | — | — | -241.2% | +132.8% | -306.4% | +54.3% | +100.7% | +19.7% | +110.5% | +146.6% | >999% | +320.3% | +530.6% | >999% | -7.4% | -10.9% | +27.9% | -140.0% |
Business Segments — CoreVest
| Segment | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|
| CoreVest | -$278.00K | -$48.00K | -$2.26M | -$2.06M |
| Redwood Investments | -$1.57M | $30.00K | — | $1.37M |
| Sequoia | $9.29M | $5.46M | $8.40M | -$1.25M |
| Legacy Investments | -$2.54M | $571.00K | — | -$610.00K |
| Aspire | — | — | — | $342.00K |
| Total | $4.56M | $6.35M | $8.01M | -$2.50M |
Business Segments — Residential Consumer Mortgage Banking
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Residential Consumer Mortgage Banking | -$4.53M | -$633.00K | $707.00K | $813.00K | — | $1.49M | $1.56M | $6.98M |
| Residential Investor Mortgage Banking | — | — | — | — | — | -$2.14M | $449.00K | $981.00K |
| Investment Portfolio | — | $213.00K | $1.47M | $1.46M | $0.00 | $1.15M | $2.91M | -$606.00K |
| Business Purpose Mortgage Banking | -$4.15M | -$703.00K | -$1.41M | -$318.00K | — | — | — | — |
| Total | -$9.44M | -$1.12M | $69.00K | $1.70M | $993.00K | $523.00K | $4.92M | $7.13M |
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 — Sequoia Mortgage Banking
| Segment | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '24 | Q1 '25 |
|---|---|---|---|---|---|
| Sequoia Mortgage Banking | -$3.20M | -$3.20M | -$3.20M | $5.98M | $7.26M |
| CoreVest Mortgage Banking | -$3.29M | -$3.29M | -$3.29M | -$1.51M | -$648.00K |
| Total | -$2.46M | -$9.44M | $1.42M | $6.26M | $6.26M |
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.
Income Tax at Other Companies
Frequently Asked Questions
- What is Redwood Trust's income tax?
- Redwood Trust (RWT) reported income tax of -$2.50M in Q1 2026.
- How has Redwood Trust's income tax changed year-over-year?
- Redwood Trust's income tax decreased by 140.0% year-over-year, from $6.26M to -$2.50M.
- What is the long-term trend for Redwood Trust's income tax?
- Over 4 years (2021 to 2025), Redwood Trust's income tax has grown at a 8.0% compound annual growth rate (CAGR), from $18.48M to $25.19M.
- What does income tax mean?
- The total amount of tax expense recognized for the period.