---
schema_version: "secwatch.filing_event.v1"
accession: "0000930236-23-000004"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:18:51.948494+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Redwood Trust Q4 2022 GAAP net loss $0.40/sh, book value down 6.2% to $9.55

## Summary
- GAAP net loss of $0.40 per diluted share; non-GAAP EAD loss of $0.11 per basic share.
- Book value per common share fell 6.2% to $9.55 from $10.18 at Sept 30, 2022.
- Declared quarterly dividend of $0.23 per share, unchanged from prior quarters.
- Reduced workforce by 24% in Q4; raised $70M in preferred stock offering in Jan 2023.
- Recourse leverage ratio at 2.8x; closed new $150M home equity investment financing facility.

## SEC filing metadata
- accession: 0000930236-23-000004
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000093023623000004/0000930236-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000093023623000004/rwt-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930236-23-000004
- JSON: https://secwatch.observer/filing/0000930236-23-000004.json
- Plain text: https://secwatch.observer/filing/0000930236-23-000004.txt

## Key facts
- Earnings Releases
  REDWOOD TRUST INC reported the fourth quarter ended December 31, 2022 results: net income GAAP net loss of $(0.40) per diluted common share, EPS $(0.40) per diluted common share.
  - Period: the fourth quarter ended December 31, 2022
  - Net income: GAAP net loss of $(0.40) per diluted common share
  - EPS: $(0.40) per diluted common share
  - Result: reported results
  source text: Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the fourth quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/930236/000093023623000004/0000930236-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.