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. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to pre-tax income may signal a higher effective tax rate or changes in tax legislation, while a decrease may indicate tax benefits or lower jurisdictional rates.
Detailed definition
Represents the total provision for income taxes recognized by the company during the reporting period, including both cu...
Peer comparison
Highly dependent on the company's geographic footprint and tax planning strategies compared to peers.
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 income tax the company is required to pay on its earnings.