Non-Current Liabilities
Secured Debt
Redwood Trust Secured Debt increased by 16.7% to $20.42B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 41.2%, from $14.46B to $20.42B. Over 5 years (FY 2020 to FY 2025), Secured Debt shows an upward trend with a 19.8% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026May 7, 2026
How to read this metric
Higher levels indicate reliance on asset-backed financing, which is common in mortgage banking, while lower levels may indicate a shift toward unsecured funding or deleveraging.
Detailed definition
Debt obligations backed by specific collateral, such as mortgage loans, securities, or other financial assets. In the ev...
Peer comparison
Standard for REITs and mortgage companies that utilize warehouse lines and securitization structures.
Metric ID:
secured_debtHistorical Data
20 periods
| 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 | $7.54B | $8.18B | $9.25B | $8.87B | $8.58B | $8.14B | $7.99B | $8.45B | $8.18B | $8.39B | $9.81B | $10.63B | $11.56B | $13.02B | $13.27B | $14.46B | $15.99B | $16.83B | $17.49B | $20.42B |
| QoQ Change | — | +8.6% | +13.1% | -4.1% | -3.2% | -5.2% | -1.9% | +5.8% | -3.1% | +2.6% | +16.9% | +8.3% | +8.7% | +12.7% | +1.9% | +9.0% | +10.6% | +5.3% | +4.0% | +16.7% |
| YoY Change | — | — | — | — | +13.9% | -0.5% | -13.7% | -4.8% | -4.7% | +3.1% | +22.9% | +25.8% | +41.2% | +55.1% | +35.2% | +36.0% | +38.3% | +29.2% | +31.8% | +41.2% |
Range$7.54B – $20.42B
CAGR+23.3%
Avg YoY Growth+21.9%
Median YoY Growth+27.5%
Current Streak11 quarters growth
Secured Debt at Other Companies
Frequently Asked Questions
- What is Redwood Trust's secured debt?
- Redwood Trust (RWT) reported secured debt of $20.42B in Q1 2026.
- How has Redwood Trust's secured debt changed year-over-year?
- Redwood Trust's secured debt increased by 41.2% year-over-year, from $14.46B to $20.42B.
- What is the long-term trend for Redwood Trust's secured debt?
- Over 5 years (2020 to 2025), Redwood Trust's secured debt has grown at a 19.8% compound annual growth rate (CAGR), from $7.10B to $17.49B.
- What does secured debt mean?
- Debt that is backed by specific assets pledged as collateral.