---
schema_version: "secwatch.filing_event.v1"
accession: "0000930236-23-000026"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T02:00:37.041718+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Redwood Trust Q2 GAAP net income $1M, book value $9.26; EAD $0.14/sh; Oaktree JV

## Summary
- GAAP net income $1M ($0.00 diluted EPS); Non-GAAP EAD $16M ($0.14 basic); book value $9.26, down 1.5% from Q1.
- Jumbo loan lock volume $567M, purchases $184M; Residential Mortgage Banking capital allocation raised to $80M from $15M.
- Formed JV with Oaktree for up to $1B bridge loans; funded $406M business purpose loans, sold $200M.
- Repurchased $31M convertible debt due Aug 2023, reducing balance to $113M, to be fully repaid at maturity.
- 90+ day delinquency on CAFL/bridge loan portfolios rose to 4.2% from 2.0% quarter-over-quarter.

## SEC filing metadata
- accession: 0000930236-23-000026
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000093023623000026/0000930236-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000093023623000026/rwt-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930236-23-000026
- JSON: https://secwatch.observer/filing/0000930236-23-000026.json
- Plain text: https://secwatch.observer/filing/0000930236-23-000026.txt

## Key facts
- Earnings Releases
  REDWOOD TRUST INC reported quarter ended June 30, 2023 results: net income $1 million, EPS $0.00.
  - Period: quarter ended June 30, 2023
  - Net income: $1 million
  - EPS: $0.00
  - Result: reported results
  source text: GAAP net income available to common stockholders of $1 million or $0.00 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/930236/000093023623000026/0000930236-23-000026-index.htm

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