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Redwood Trust Cash Flow Statement

Operating, investing, and financing cash movements

Redwood Trust generated -$12.6B in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)-$12.6BNet Cash From Investing (TTM)$5.1BNet Cash From Financing (TTM)$7.5BDepreciation And Amortization Cf (TTM)$9.6MNet Change In Cash (TTM)$108.8M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$648.6M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
ROU assets obtained - operating leases$282K$2.9M—$178K—$0
Income taxes paid$3.7M$12K$4.3M$2.3M$2.2M$0
Interest paid$90.2M$230.5M$266.2M$272.3M$307M$298.5M
ROU Asset Obtained for Lease Liability$282K$2.9M—$178K—$0
Income Taxes Paid, Net$3.7M$12K$4.3M$2.3M$2.2M$0

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of Investment Discount and Premium-$2.6M-$2.9M-$2.7M-$3.2M-$4.2M-$2.9M
Accretion (amortization) of discounts and premiums on investments-$2.6M-$2.9M-$2.7M-$3.2M-$4.2M-$2.9M
Change in other assets$11.7M-$37.3M$79.6M-$83.1M-$62.8M$83.3M
Change in other liabilities—$96.5M$18.7M-$130.4M-$2.9M$18.8M
Depreciation and amortization$2.8M$2.8M$2.7M$2.3M$2.3M$2.3M
Gain (loss) on sale of assets—$567K$639K-$47K-$1.8M$0
Accretion (Amortization) of Investment Discounts and Premiums-$2.6M-$2.9M-$2.7M-$3.2M-$4.2M-$2.9M
Loans held for sale activity$478.2M$424.3M$422.1M$555.2M$454.3M$407.7M
Net cash from operating activities-$854M-$2B-$2.1B-$2.7B-$3.4B-$4.5B
Net income—$16.1M-$98.5M-$7.7M—-$5.5M
Accretion (Amortization) of Discounts and Premiums, Investments-$2.6M-$2.9M-$2.7M-$3.2M-$4.2M-$2.9M
Gain (Loss) on Sale of Investments$76.8K$567K$639K-$47K-$1.8M$0
Increase (Decrease) in Other Operating Assets$11.7M-$37.3M$79.6M-$83.1M-$62.8M$83.3M
Gain (loss) on market valuation adjustments$4.5M$33.2M-$66M$24.5M$51.4M$11.7M
Payments For Origination Of Mortgage Loans Held For Sale$478.2M$424.3M$422.1M$555.2M$454.3M$407.7M
Net settlements of derivatives-$2.4M-$73.5M—$118.5M—-$7.3M
Payments to Purchase Loans Held-for-sale$2.2B$2.4B$2.8B$3.9B$5.5B$6.7B
Principal payments received on finance receivables held for sale$48.5M$30.4M$29.1M$92.6M$112.6M$56.3M
Proceeds From Sale Of Loans Held For Sale$1.9B$751.4M$1.2B$1.7B$2.4B$2.6B
Non-cash equity award compensation expense and other$3.8M$5.1M$4.6M$5.1M$2.4M$6.2M
Accretion (Amortization) of Investment Discounts and Premiums-$2.6M-$2.9M-$2.7M-$3.2M-$4.2M-$2.9M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Transfer to Other Real Estate$7.8M$4.6M$11.6M$41.4M$87.2M$26.4M
Net increase (decrease) in cash-$13M$33.5M$101.8M—$118.9M-$154.4M
Consolidation of CAFL bridge ABS$71.2M$142M$142M$142M$142M—
Deconsolidation of securitized reperforming ABS$0$247.1M$247.1M$247.1M$247.1M—
Deconsolidation of securitized reperforming loans$0$309.9M$309.9M$309.9M$309.9M—
Dividends declared but not paid on preferred stock$369.5K$1.5M———$1.5M
Leased assets obtained in exchange for operating lease liabilities$282K$2.9M—$178K—$0
Retention of mortgage servicing rights from loan sales$1.2M$0$0$0$2.4M$1.7M
Transfer from trading securities to investment securities$1.1B$1.8B$2B$2B$3B$4.7B

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collections of finance receivables$1B$683.4M$1B$1.3B$1.6B$1.5B
Proceeds from Collection of Finance Receivables$1B$683.4M$1B$1.3B$1.6B$1.5B
Payments for Origination of Loans Held-for-Investment—$43.4M$215.6M$168.9M$204.8M$218.2M
Payment for (Proceeds from) Other Investing Activity$13.1M$5.6M—$3.9M$24.6M$735K
Payments To Acquire Home equity Investment Contracts$977K$1.8M$4.2M$2.9M$4M$2.6M
Payments To Acquire Real Estate Securities$41.1M$9.2M$12.9M$207.2M$28M$54.8M
Repayments on HEI$12.5M$10.3M$11.4M$5.1M$5.6M$3.9M
Principal payments on real estate securities$3.2M$258K$279K$15.2M$125K$483K
Proceeds from Sale of Finance Receivables—$12.3M$78.9M$9.4M—$0
Repayments from servicer advance investments, net—-$2M-$3.6M$13.6M—$18.2M
Proceeds from sale of finance receivables—$12.3M$78.9M$9.4M—$0
Net cash from investing activities$1B$658.8M$979.1M$1.3B$1.6B$1.2B
Other investing activities$13.1M$5.6M—$3.9M$24.6M$735K
Proceeds from Collection of Finance Receivables$1B$683.4M$1B$1.3B$1.6B$1.5B
Receipts from Customer Financing Assets$1B$683.4M$1B$1.3B$1.6B$1.5B
Proceeds from Collection of Finance Receivables$1B$683.4M$1B$1.3B$1.6B$1.5B

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$2.8B$3.1B$3.7B$4.4B$6.2B$6.9B
Repayments of debt$3.2B$2.8B$3.7B$3.8B$5.7B$6.8B
Dividends paid$25.1M$25.4M$25.3M$24.3M$24M$23.8M
Dividends paid on preferred stock$1.8M$1.8M$1.8M$1.8M$1.8M$1.8M
Payments Of Debt Issuance Costs$1.5M$3.8M$4.7M$2.5M$11.2M$2.6M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$1.8M$1.8M$1.8M$1.8M$1.8M$1.8M
Proceeds from the issuance of debt$2.5B$3.1B———$6.9B
Other, net-$500K$0-$750K——-$2M
Repayments of Unsecured Debt$2.4B$2.8B———$6.8B
Proceeds from Secured Long-Term Debt$1B$1.6B$2.1B$2.1B$3.1B$4.8B
Repayments of Secured Debt$821.9M$564.4M$849.6M$1.4B$1.6B$1.7B
Payment of Deferred Purchase Consideration-$500K$0-$750K——-$2M
Noncontrolling interest transactions and other-$500K$0-$750K——-$2M
Net cash from financing activities$0$1.3B$1.2B$1.3B$1.9B$3.1B
Other financing activities-$500K$0-$750K——-$2M
Payment of debt issuance costs$1.5M$3.8M$4.7M$2.5M$11.2M$2.6M
Noncontrolling Interests Activity and Other-$500K$0-$750K——-$2M
Proceeds from issuance of common stock$110K$110K$128K$155K$41K$97K
Repurchases of common stock$0$0$7.5M$29.6M$14.8M$1.1M
Taxes paid for net share settlement$1.9M$2.4M$514K$190K$2.2M$1.5M
Proceeds from Issuance of Secured Debt$1B$1.6B$2.1B$2.1B$3.1B$4.8B