---
schema_version: "secwatch.filing_event.v1"
accession: "0000930236-24-000028"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:12:04.235444+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Redwood Trust Q2 GAAP EPS $0.10, EAD $0.13; book value $8.73; lock volume up 49% QoQ

## Summary
- GAAP net income $13.8M ($0.10/share); Non-GAAP EAD $18.6M ($0.13/share).
- Book value per share $8.73 vs $8.78 QoQ; economic return 1.3% including $0.16 dividend.
- Residential loan lock volume $2.7B (+49% QoQ); residential investor fundings $459M (+41% QoQ).
- Issued $85M senior unsecured notes due 2029; retired 2024 convertible debt post-Q2; cash ~$275M at July 31.
- Recourse leverage 2.1x; total excess warehouse financing capacity $3.8B.

## SEC filing metadata
- accession: 0000930236-24-000028
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/930236/000093023624000028/0000930236-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000093023624000028/rwt-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930236-24-000028
- JSON: https://secwatch.observer/filing/0000930236-24-000028.json
- Plain text: https://secwatch.observer/filing/0000930236-24-000028.txt

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