Redwood Trust RWT Business Segments
| FY'25 | FY'24 | FY'23 | ||
|---|---|---|---|---|
| Net (Loss) Income by Business | ||||
| CoreVest | $18.45M+704% | $2.29M+118% | -$12.58M— | |
| Legacy Investments | -$153.48M— | —— | -$9.19M— | |
| Redwood Investments | $62.53M-56.7% | $144.35M+19.4% | $120.92M— | |
| Sequoia | $123.16M+100% | $61.5M+512% | $10.05M— | |
| Noninterest Income, Net by Business | ||||
| CoreVest | $65.95M+25.0% | $52.75M+16.7% | $45.22M— | |
| Legacy Investments | -$105.64M— | —— | -$53.7M— | |
| Redwood Investments | $16.17M-74.9% | $64.41M+11.9% | $57.56M+134% | |
| Sequoia | $115.42M+100% | $57.58M+99.5% | $28.86M— | |
| Fee income, net by Business | ||||
| CoreVest | $12.83M+17.4% | $10.93M+95.4% | $5.59M— | |
| Legacy Investments | -$2.9M-166% | -$1.09M-175% | $1.45M— | |
| Redwood Investments | $1.02M-1.2% | $1.04M-0.6% | $1.04M— | |
| Sequoia | $0— | $0— | $0— | |
| Other income, net by Business | ||||
| CoreVest | $1.66M— | $0-100% | $20K— | |
| Legacy Investments | -$1.09M— | $0— | $0— | |
| Redwood Investments | $1.69M-46.0% | $3.12M+336% | $716K— | |
| Sequoia | $0— | $0— | $0— | |
| Realized gains, net by Business | ||||
| CoreVest | $0— | $0— | $0— | |
| Legacy Investments | -$1.77M— | $0+100% | -$644K— | |
| Redwood Investments | $1.21M+114% | $565K-62.4% | $1.5M-52.7% | |
| Sequoia | $0— | $0— | $0— | |
| Interest Income (Expense), Operating by Business | ||||
| CoreVest | $7.78M+46.5% | $5.31M+88.4% | $2.82M— | |
| Legacy Investments | -$31.57M-243% | $22.09M-58.7% | $53.53M— | |
| Redwood Investments | $76.29M-27.8% | $105.64M+23.7% | $85.42M— | |
| Sequoia | $78.69M+79.7% | $43.8M+3,295% | $1.29M— | |
| Total Assets by Business | ||||
| CoreVest | $1.4B— | —— | —— | |
| Legacy Investments | $9.29B— | —— | —— | |
| Redwood Investments | $66.15B— | —— | —— | |
| Sequoia | $9.21B— | —— | —— | |
| Income Tax Expense (Benefit) by Business | ||||
| CoreVest | -$3.23M-45.7% | -$2.22M+2.6% | -$2.28M— | |
| Sequoia | $30.35M+89.6% | $16.01M+865% | $1.66M— | |
| Servicing income, net by Business | ||||
| CoreVest | $0— | $0— | $0— | |
| Legacy Investments | $0— | $0— | $0— | |
| Redwood Investments | $9.99M-30.7% | $14.41M+105% | $7.03M— | |
| Sequoia | $0— | $0— | $0— | |
| Mortgage banking activities, net by Business | ||||
| CoreVest | $51.33M+20.1% | $42.74M+7.9% | $39.6M— | |
| Legacy Investments | $0— | $0— | $0— | |
| Redwood Investments | $0— | $0— | $0— | |
| Sequoia | $115.42M+100% | $57.58M+107% | $27.78M— | |
| Other Expenses by Business | ||||
| CoreVest | $8.43M-10.5% | $9.41M-24.3% | $12.44M— | |
| Legacy Investments | $500K— | $0— | $0— | |
| Redwood Investments | $12.94M+177% | $4.67M-19.4% | $5.8M+242% | |
| Sequoia | $0— | $0— | $0— | |
| General and Administrative Expense by Business | ||||
| CoreVest | $39.6M-1.0% | $40.01M-10.2% | $44.55M— | |
| Legacy Investments | $112K— | —— | $525K— | |
| Redwood Investments | $6.07M-13.5% | $7.02M-3.7% | $7.28M+20.7% | |
| Sequoia | $33.09M+65.4% | $20.01M+16.5% | $17.17M— | |
| Interest Income by Business | ||||
| CoreVest | $18.47M-8.9% | $20.28M+27.6% | $15.9M— | |
| Legacy Investments | $83.73M-48.5% | $162.45M-22.8% | $210.34M— | |
| Redwood Investments | $895.42M+26.7% | $706.62M+51.9% | $465.13M-26.5% | |
| Sequoia | $183.54M+87.6% | $97.86M+285% | $25.4M— | |
| Mortgage banking activities, net, excluding risk management derivatives by Business | ||||
| CoreVest | $53.2M+44.9% | $36.7M-9.4% | $40.52M— | |
| Legacy Investments | $0— | $0— | $0— | |
| Redwood Investments | $0— | $0— | $0— | |
| Sequoia | $49.2M-40.2% | $82.2M+79.9% | $45.69M— | |
| Investment fair value changes, net by Business | ||||
| CoreVest | $0— | $0— | $0— | |
| Legacy Investments | -$99.17M-47.5% | -$67.22M-1.6% | -$66.18M— | |
| Redwood Investments | $98.95M+77.5% | $55.73M+127% | $24.58M+111% | |
| Sequoia | $0— | $0-100% | $1.08M— | |
| Risk management derivatives (losses) gains, net by Business | ||||
| CoreVest | -$1.82M-136% | $5.12M+660% | -$914K— | |
| Legacy Investments | $0— | $0— | $0— | |
| Redwood Investments | $0— | $0— | $0— | |
| Sequoia | $66.22M+369% | -$24.62M-37.5% | -$17.91M— | |
| Interest Expense by Business | ||||
| CoreVest | $10.69M-28.6% | $14.97M+14.5% | $13.08M— | |
| Legacy Investments | $115.3M-17.9% | $140.36M-10.5% | $156.82M— | |
| Redwood Investments | $819.13M+36.3% | $600.97M+58.3% | $379.71M-15.7% | |
| Sequoia | $104.85M+93.9% | $54.07M+124% | $24.11M— | |
| HEI income, net by Business | ||||
| CoreVest | $0— | $0— | $0— | |
| Redwood Investments | $1.42M-84.5% | $9.15M-61.2% | $23.57M+768% | |
| Sequoia | $0— | $0— | $0— | |
| Loan Acquisition Costs by Business | ||||
| CoreVest | $10.48M+22.4% | $8.56M+45.1% | $5.9M— | |
| Legacy Investments | $157K— | —— | $0— | |
| Redwood Investments | $0-100% | $14K— | $0— | |
| Sequoia | $7.51M+94.5% | $3.86M+205% | $1.27M— | |
| Portfolio Management Costs by Business | ||||
| CoreVest | $0— | $0— | $0— | |
| Legacy Investments | $17.28M+15.0% | $15.02M+76.9% | $8.49M— | |
| Redwood Investments | $10.93M+29.9% | $8.42M+39.3% | $6.04M-24.0% | |
| Sequoia | $0— | $0— | $0— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Redwood Trust break its business down?
- Redwood Trust (RWT) reports net (loss) income by business across 5 parts — Aspire, CoreVest, Legacy Investments, Redwood Investments and Sequoia. Each is extracted from the segment footnotes and tracked over time.
- Where does Redwood Trust's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Redwood Trust's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
