What does legacy investments — income tax expense (benefit) mean?

The tax provision or benefit allocated to the legacy investment segment based on its taxable income or loss. This reflects the tax impact of the segment's financial performance.

Redwood Trust RWT Legacy Investments — Income Tax Expense (Benefit)

Other segment segments

CoreVest

-$2.06M—

Redwood Investments

$1.37M—

Sequoia

-$1.25M—

Aspire

$342K—

Similar metrics at other companies

SIGIInvestments — Income Tax Expense (Benefit)

$27.57M+9.8%

ADAMInvestment Portfolio — Income Tax Expense (Benefit)

$15K—

BHFLife — Income Tax Expense (Benefit)

-$2M-300%

STWDInvesting and Servicing Segment — Income Tax Expense (Benefit)

$7.75M+132%

AGMInvestments — Income Tax Expense (Benefit), Adjusted

$109K-50.7%

SKYTLegacy SkyWater — Income tax (benefit) expense

-$294K-177%

Other financials

Income statement

See full

Revenue$356.9M+31.2%

Net income-$5.5M-134%

EPS (diluted)-$0.07-170%

Balance sheet

See full

Cash & equivalents$202.4M-22.1%

Total debt$4.9B+29.2%

Total assets$26.8B+34.9%

Cash flow

See full

Operating cash flow-$4.5B-131%

Valuation

See full

Market cap$637.35M-20.9%

Enterprise value$5.31B+24.7%

P/S0.5×-0.2×

Profitability

See full

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 →

Ask your AI about Redwood Trust's legacy investments — income tax expense (benefit).

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Redwood Trust's legacy investments — income tax expense (benefit)?: Redwood Trust (RWT) reported legacy investments — income tax expense (benefit) of -$610K in Q1 2026.
What does legacy investments — income tax expense (benefit) mean?: The tax provision or benefit allocated to the legacy investment segment based on its taxable income or loss. This reflects the tax impact of the segment's financial performance.