Net Income
Redwood Trust Net Income increased by 28.6% to -$5.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 134.1%, from $16.15M to -$5.50M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates higher profitability, while a decrease suggests declining margins or rising costs.
Detailed definition
The bottom-line profit or loss of the company after all operating expenses, taxes, and interest have been deducted. It s...
Peer comparison
Standard across all public companies; peers in the REIT sector often show high volatility due to fair value adjustments.
net_income_cfHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $90.03M | $88.29M | $44.05M | $30.92M | -$99.97M | -$50.41M | -$44.06M | $4.62M | $2.87M | -$30.81M | $30.26M | $15.53M | $14.83M | $16.15M | -$98.49M | -$7.70M | -$5.50M |
| QoQ Change | — | -1.9% | -50.1% | -29.8% | -423.4% | +49.6% | +12.6% | +110.5% | -37.8% | <-999% | +198.2% | -48.7% | -4.6% | +8.9% | -710.0% | +92.2% | +28.6% |
| YoY Change | — | — | — | — | -211.0% | -157.1% | -200.0% | -85.1% | +102.9% | +38.9% | +555.0% | +440.7% | +148.1% | -46.6% | -734.0% | -152.0% | -134.1% |
Business Segments — Sequoia
| Segment | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|
| Sequoia | $22.15M | $34.32M | $43.82M | $38.38M |
| Legacy Investments | -$103.99M | -$22.23M | -$18.62M | -$12.80M |
| Redwood Investments | $11.89M | $10.34M | $20.89M | -$7.34M |
| CoreVest | $6.14M | $3.49M | $7.47M | -$3.29M |
| Aspire | — | — | — | $2.47M |
| Total | -$98.49M | -$7.70M | — | -$5.50M |
Business Segments — Investment Portfolio
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Investment Portfolio | — | $35.54M | $32.28M | -$5.78M | $51.74M | $57.61M | $41.83M | $25.62M |
| Business Purpose Mortgage Banking | -$17.23M | -$1.03M | -$3.34M | -$1.19M | — | — | — | — |
| Residential Consumer Mortgage Banking | — | — | — | — | $2.51M | — | — | — |
| Residential Investor Mortgage Banking | — | — | — | — | -$7.01M | — | — | — |
| Total | -$44.06M | $4.62M | $2.87M | -$30.81M | — | $30.26M | $15.53M | $14.83M |
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 | -$5.39M | -$5.39M | -$5.39M | $21.80M | $25.82M |
| Redwood Investments | -$2.49M | -$2.49M | -$2.49M | $21.15M | $22.87M |
| CoreVest Mortgage Banking | -$11.07M | -$11.07M | -$11.07M | $1.53M | $1.34M |
| Total | $30.92M | -$99.97M | -$50.41M | — | $16.15M |
CoreVest Mortgage Banking, Redwood Investments, Sequoia Mortgage Banking were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Net Income at Other Companies
Frequently Asked Questions
- What is Redwood Trust's net income?
- Redwood Trust (RWT) reported net income of -$5.50M in Q1 2026.
- How has Redwood Trust's net income changed year-over-year?
- Redwood Trust's net income decreased by 134.1% year-over-year, from $16.15M to -$5.50M.
- What does net income mean?
- The total profit or loss generated by the company during the period.