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Redwood Trust RWT Beneficial interest issued by consolidated VIEs

Beneficial interest issued by consolidated VIEs at other companies

Granite Point Mortgage Trust logo
Granite Point Mortgage TrustGPMT
$8.17M-35.2%
Voya Financial logo
Voya FinancialVOYA
$35M0.0%
JPMorgan Chase logo
JPMorgan ChaseJPM
$275M-7.4%
JPMorgan Chase logo
JPMorgan ChaseJPM
$27.09B+9.8%
Granite Point Mortgage Trust logo
Granite Point Mortgage TrustGPMT
$521.65M-29.8%
SoFi Technologies, Inc. logo
SoFi Technologies, Inc.SOFI
$517K-10.7%

Other financials

Income statement

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Revenue$385.2M+35.5%
Net income-$1.1M+98.9%
EPS (diluted)-$0.03+96.1%

Balance sheet

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Cash & equivalents$191.8M-36.5%
Total debt$5.0B+32.3%
Total assets$28.8B+35.1%

Cash flow

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Operating cash flow-$3.7B-77.3%

Valuation

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Market cap$572.79M-23.0%
Enterprise value$5.35B+27.4%
P/S0.4×-0.3×

Profitability

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Net margin-9.5%-1.0pp

Where this comes from

Reported directly by Redwood Trust in its filing.

Tagged under the XBRL concept us-gaap:InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities.

The source filing: Redwood Trust’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 5:16 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000930236-26-000027
(In Thousands, except Share Data) / (Unaudited)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Other interest income7,4207,20015,47815,811
Total interest income385,224284,336742,143556,430
Interest Expense
Asset-backed securities issued(270,503)(198,537)(508,721)(377,907)
Debt obligations(82,650)(71,965)(166,634)(136,747)
Total interest expense(353,153)(270,502)(675,355)(514,654)
Net Interest Income32,07113,83466,78841,776
Non-Interest Income

Item 1. Financial Statements

FAQ

What is Redwood Trust's beneficial interest issued by consolidated vies?
Redwood Trust (RWT) reported beneficial interest issued by consolidated vies of $270.5M in Q2 2026.
How has Redwood Trust's beneficial interest issued by consolidated vies changed year-over-year?
Redwood Trust's beneficial interest issued by consolidated vies increased by 36.2% year-over-year, from $198.54M to $270.5M.
What is the long-term trend for Redwood Trust's beneficial interest issued by consolidated vies?
Over 4 years (2021 to 2025), Redwood Trust's beneficial interest issued by consolidated vies has grown at a 27.4% compound annual growth rate (CAGR), from $305.8M to $805.09M.
What does beneficial interest issued by consolidated vies mean?
This represents the interest expense paid to third-party investors who hold beneficial interests in consolidated variable interest entities (VIEs) used for securitization. It reflects the cost of financing the company's securitization programs and is a critical component of the net interest margin calculation. High levels of this expense indicate significant reliance on structured finance vehicles to fund mortgage assets.

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