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Redwood Trust RWT CoreVest — Income Tax Expense (Benefit)

Other segment segments

Redwood Investments
$1.37M
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-$1.25M
Legacy Investments
-$610K
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$342K

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Other financials

Income statement

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Revenue$356.9M+31.2%
Net income-$5.5M-134%
EPS (diluted)-$0.07-170%

Balance sheet

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Cash & equivalents$202.4M-22.1%
Total debt$4.9B+29.2%
Total assets$26.8B+34.9%

Cash flow

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Operating cash flow-$4.5B-131%

Valuation

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Market cap$637.35M-20.9%
Enterprise value$5.31B+24.7%
P/S0.5×-0.2×

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:IncomeTaxExpenseBenefit.

The official record: Redwood Trust’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 -$648K 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?
The provision for income taxes or the recognition of tax benefits specifically attributable to the CoreVest segment's financial performance. This reflects the tax impact of the segment's profitability or losses.