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Redwood Trust RWT Redwood Investments — Investment fair value changes, net

Other segment segments

Legacy Investments
-$12.31M+83.7%
CoreVest
-$38K
Aspire
$0
Sequoia
$0

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CSVPreneed Funeral Trust Investments — Unrealized gains (losses), net
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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$574.02M-22.8%
Enterprise value$5.35B+27.5%
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:UnrealizedGainLossOnInvestments.

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)SequoiaAspireCore VestRedwood InvestmentsLegacy InvestmentsCorporate/OtherTotal
Risk management derivatives (losses) gains, net (1)(45,753)15,238(18)(30,533)
Total Mortgage banking activities, net12,9449,1999,92832,071
Investment fair value changes, net, excluding risk management derivatives(38)26,153(12,314)13,801
Risk management derivatives (losses) gains, net (1)(36,324)(36,324)
Total Investment fair value changes, net(38)(10,171)(12,314)(22,523)
HEI income, net4932,3052,798
Servicing income, net302,6182,648
Fee income, net2,496453112,960

Item 1. Financial Statements

FAQ

What is Redwood Trust's redwood investments — investment fair value changes, net?
Redwood Trust (RWT) reported redwood investments — investment fair value changes, net of -$36.32M in Q2 2026.
How has Redwood Trust's redwood investments — investment fair value changes, net changed year-over-year?
Redwood Trust's redwood investments — investment fair value changes, net decreased by 34.7% year-over-year, from -$26.96M to -$36.32M.
What is the long-term trend for Redwood Trust's redwood investments — investment fair value changes, net?
Over 3 years (2022 to 2025), Redwood Trust's redwood investments — investment fair value changes, net has grown at a -23.5% compound annual growth rate (CAGR), from -$221.32M to $98.95M.
What does redwood investments — investment fair value changes, net mean?
The net unrealized gains or losses resulting from the periodic revaluation of the investment portfolio to fair market value. This reflects market-driven changes in the value of assets held on the balance sheet, such as mortgage-backed securities or whole loans. It is a key indicator of market sentiment and asset quality performance.

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