Business Segments · Income Tax Expense (Benefit)
CoreVest — Income Tax Expense (Benefit)
Redwood Trust CoreVest — Income Tax Expense (Benefit) increased by 8.8% to -$2.06M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 218.1%, from -$648.00K to -$2.06M. Over 2 years (FY 2023 to FY 2025), CoreVest — Income Tax Expense (Benefit) shows a downward trend with a 19.1% CAGR.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026May 7, 2026
Rolls up toIncome Tax
How to read this metric
Reflects the tax efficiency of the segment structure and the impact of statutory tax rates on segment net income.
Detailed definition
The provision for income taxes or the recognition of tax benefits specifically attributable to the CoreVest segment's fi...
Peer comparison
Standard 'Income Tax Provision' found in segment-level financial disclosures.
Metric ID:
rwt_segment_corevest_income_tax_expense_benefitHistorical Data
13 periods
| 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 | -$569.75K | -$569.75K | -$569.75K | -$569.75K | -$2.14M | $449.00K | $981.00K | -$1.51M | -$648.00K | -$278.00K | -$48.00K | -$2.26M | -$2.06M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -274.9% | +121.0% | +118.5% | -254.2% | +57.2% | +57.1% | +82.7% | <-999% | +8.8% |
| YoY Change | — | — | — | — | -274.9% | +178.8% | +272.2% | -165.6% | +69.7% | -161.9% | -104.9% | -49.4% | -218.1% |
Range-$2.26M – $981.00K
CAGR+53.5%
Avg YoY Growth-50.4%
Median YoY Growth-104.9%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Redwood Trust's corevest — income tax expense (benefit)?
- Redwood Trust (RWT) reported corevest — income tax expense (benefit) of -$2.06M in Q1 2026.
- How has Redwood Trust's corevest — income tax expense (benefit) changed year-over-year?
- Redwood Trust's corevest — income tax expense (benefit) decreased by 218.1% year-over-year, from -$648.00K to -$2.06M.
- What is the long-term trend for Redwood Trust's corevest — income tax expense (benefit)?
- Over 2 years (2023 to 2025), Redwood Trust's corevest — income tax expense (benefit) has grown at a 19.1% compound annual growth rate (CAGR), from -$2.28M to -$3.23M.
- What does corevest — income tax expense (benefit) mean?
- Tax-related charges or credits allocated to the CoreVest segment.