---
schema_version: "secwatch.filing_event.v1"
accession: "0000930236-23-000035"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:34:03.088915+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Redwood Trust Q3 GAAP net loss $33M; book value down 5.3% to $8.77

## Summary
- GAAP net loss attributable to common stockholders of $(33)M ($0.29/diluted share); Non-GAAP EAD of $11M ($0.09/share).
- Book value per common share fell 5.3% to $8.77 from $9.26, economic return (3.6)%.
- Jumbo loan lock volume surged to $1.6B (up ~200% QoQ) as bank sellers contributed 50% of purchases.
- Regular quarterly dividend maintained at $0.16 per share.
- Recourse leverage increased to 2.3x (2.2x prior); unrestricted cash $204M at quarter end.

## SEC filing metadata
- accession: 0000930236-23-000035
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2023-10-30T23:59:59+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/930236/000093023623000035/0000930236-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000093023623000035/rwt-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930236-23-000035
- JSON: https://secwatch.observer/filing/0000930236-23-000035.json
- Plain text: https://secwatch.observer/filing/0000930236-23-000035.txt

## Key facts
- Earnings Releases
  REDWOOD TRUST INC reported the quarter ended September 30, 2023 results: net income $(33) million, EPS $(0.29) per diluted common share.
  - Period: the quarter ended September 30, 2023
  - Net income: $(33) million
  - EPS: $(0.29) per diluted common share
  - Result: reported results
  source text: REDWOOD TRUST REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS MILL VALLEY, CA – 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 quarter ended September 30, 2023. Key Q3 2023 Financial Results and Metrics • GAAP boo k value per common share was $8.77 at September 30, 2023, a 5.3% decrease from $9.26 per share at June 30, 2023 ◦ Economic return on book value of (3.6)% (1) • GAAP net loss related to common stockholders of $(33) million or $(0.29) per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/930236/000093023623000035/0000930236-23-000035-index.htm

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