What is Redwood Trust's sequoia — portfolio management costs?

Redwood Trust (RWT) reported sequoia — portfolio management costs of $0 in Q1 2026.

What does sequoia — portfolio management costs mean?

Expenses directly attributable to the active management, monitoring, and servicing of the mortgage loan portfolio within the Sequoia segment. This includes costs for credit analysis, risk monitoring, and asset management activities.

Redwood Trust RWT Sequoia — Portfolio Management Costs

Other segment segments

Legacy Investments

$4.55M+2.6%

Redwood Investments

$4.16M+102%

Aspire

$0—

CoreVest

$0—

Similar metrics at other companies

FOAPortfolio Management — Salaries, benefits, and related expenses

$4.3M+18.3%

FOAPortfolio Management — Loan production and portfolio related expenses

$15.73M+60.5%

EFC

EFCInvestment Portfolio Segment — Servicing expense

$1.75M+12.2%

FOAPortfolio Management — Loan servicing expenses

$7.45M-3.8%

GATXPortfolio Management — Operating Costs and Expenses

$13.7M+12.3%

UWMCServicing costs

$43.07M+41.5%

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$633.59M-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 rwt:PortfolioManagementCosts.

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

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What is Redwood Trust's sequoia — portfolio management costs?: Redwood Trust (RWT) reported sequoia — portfolio management costs of $0 in Q1 2026.
What does sequoia — portfolio management costs mean?: Expenses directly attributable to the active management, monitoring, and servicing of the mortgage loan portfolio within the Sequoia segment. This includes costs for credit analysis, risk monitoring, and asset management activities.