Other operating expenses
Redwood Trust Other operating expenses decreased by 13.5% to $7.13M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 82.3%, from $3.91M to $7.13M. Over 4 years (FY 2021 to FY 2025), Other operating expenses shows a downward trend with a -42.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests rising overhead or potential inefficiencies, while a decrease indicates effective cost management.
Detailed definition
Includes miscellaneous administrative, overhead, and operational costs that are not categorized under specific line item...
Peer comparison
Commonly benchmarked against total revenue to determine the operating expense ratio relative to peers.
other_operating_expensesHistorical 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 | $48.33M | $56.34M | $48.02M | $4.09M | $38.91M | $46.79M | $47.10M | $3.68M | $40.32M | $39.87M | $42.04M | $3.36M | $5.18M | $2.23M | $3.32M | $3.91M | $4.04M | $5.68M | $8.24M | $7.13M |
| QoQ Change | — | +16.6% | -14.8% | -91.5% | +852.6% | +20.2% | +0.7% | -92.2% | +994.6% | -1.1% | +5.4% | -92.0% | +54.0% | -57.0% | +49.1% | +17.7% | +3.2% | +40.8% | +45.0% | -13.5% |
| YoY Change | — | — | — | — | -19.5% | -16.9% | -1.9% | -9.8% | +3.6% | -14.8% | -10.8% | -8.8% | -87.2% | -94.4% | -92.1% | +16.3% | -22.1% | +155.0% | +148.0% | +82.3% |
Business Segments — Legacy Investments
| Segment | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|
| Legacy Investments | $0.00 | -$532.00K | -$559.00K | $950.00K |
| Redwood Investments | $394.00K | $392.00K | $394.00K | $898.00K |
| CoreVest | $715.00K | -$928.00K | $1.87M | $589.00K |
| Aspire | — | — | — | $370.00K |
| Sequoia | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $4.04M | $5.68M | $8.24M | $7.13M |
Business Segments — Residential Investor Mortgage Banking
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Residential Investor Mortgage Banking | — | — | — | — | — | $626.00K | $1.17M | $5.43M |
| Investment Portfolio | $3.17M | $2.17M | $4.01M | $2.62M | $1.56M | $4.83M | $5.12M | $426.00K |
| Business Purpose Mortgage Banking | $1.48M | $2.41M | $1.08M | $1.28M | — | — | — | — |
| Residential Consumer Mortgage Banking | $0.00 | $0.00 | $0.00 | $0.00 | — | $0.00 | $0.00 | $0.00 |
| Total | $47.10M | $3.68M | $40.32M | $39.87M | $42.04M | $3.36M | $5.18M | $2.23M |
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 — Redwood Investments
| Segment | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '24 | Q1 '25 |
|---|---|---|---|---|---|
| Redwood Investments | $4.65M | $4.65M | $4.65M | $15.53M | $370.00K |
| CoreVest Mortgage Banking | $877.25K | $877.25K | $877.25K | $10.93M | $0.00 |
| Sequoia Mortgage Banking | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $4.09M | $38.91M | $46.79M | $3.32M | $3.91M |
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.
Other operating expenses at Other Companies
Frequently Asked Questions
- What is Redwood Trust's other operating expenses?
- Redwood Trust (RWT) reported other operating expenses of $7.13M in Q1 2026.
- How has Redwood Trust's other operating expenses changed year-over-year?
- Redwood Trust's other operating expenses increased by 82.3% year-over-year, from $3.91M to $7.13M.
- What is the long-term trend for Redwood Trust's other operating expenses?
- Over 4 years (2021 to 2025), Redwood Trust's other operating expenses has grown at a -42.8% compound annual growth rate (CAGR), from $203.89M to $21.86M.
- What does other operating expenses mean?
- General business expenses not classified in other specific categories.