Business Segments · Income Tax Expense (Benefit)
Sequoia — Income Tax Expense (Benefit)
Redwood Trust Sequoia — Income Tax Expense (Benefit) decreased by 114.8% to -$1.25M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 117.3%, from $7.19M to -$1.25M. Over 2 years (FY 2023 to FY 2025), Sequoia — Income Tax Expense (Benefit) shows an upward trend with a 327.7% CAGR.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026May 7, 2026
Rolls up toIncome Tax
How to read this metric
Changes in this metric are primarily driven by segment profitability and the effective tax rate, rather than operational performance.
Detailed definition
The portion of the total income tax provision allocated to the Sequoia segment's operations. This reflects the tax impac...
Peer comparison
Standard tax allocation metric for business segments.
Metric ID:
rwt_segment_sequoia_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 | $414.75K | $414.75K | $414.75K | $414.75K | $1.49M | $1.56M | $6.98M | $5.98M | $7.19M | $9.29M | $5.46M | $8.40M | -$1.25M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +260.2% | +4.4% | +347.2% | -14.3% | +20.3% | +29.2% | -41.2% | +53.8% | -114.8% |
| YoY Change | — | — | — | — | +260.2% | +276.1% | >999% | >999% | +381.3% | +495.4% | -21.7% | +40.6% | -117.3% |
Range-$1.25M – $9.29M
CAGR+44.3%
Avg YoY Growth+470.9%
Median YoY Growth+276.1%
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Frequently Asked Questions
- What is Redwood Trust's sequoia — income tax expense (benefit)?
- Redwood Trust (RWT) reported sequoia — income tax expense (benefit) of -$1.25M in Q1 2026.
- How has Redwood Trust's sequoia — income tax expense (benefit) changed year-over-year?
- Redwood Trust's sequoia — income tax expense (benefit) decreased by 117.3% year-over-year, from $7.19M to -$1.25M.
- What is the long-term trend for Redwood Trust's sequoia — income tax expense (benefit)?
- Over 2 years (2023 to 2025), Redwood Trust's sequoia — income tax expense (benefit) has grown at a 327.7% compound annual growth rate (CAGR), from $1.66M to $30.35M.
- What does sequoia — income tax expense (benefit) mean?
- Tax impact attributed to the Sequoia segment.