earnings
confidence high
sentiment negative
materiality 0.70
Redwood Trust Q3 GAAP net loss $9.5M; record production $6.8B
REDWOOD TRUST INC
2025-Q3 EPS reported
-$0.76
- GAAP net loss of $9.5M ($0.08 per share) vs $100.2M loss in Q2; Core Segments EAD $27.1M ($0.20/share).
- Book value per common share fell to $7.35 from $7.49 in Q2; economic return on book value 0.5%.
- Record cumulative loan production of $6.8B; Sequoia lock volume $6.3B, up 75% QoQ and 183% YoY.
- Legacy Investments segment net loss $22.2M; ~$1B of holdings transferred, unlocking $150M for platform growth.
- Repurchased ~5M shares for $29M; expanded CPP Investments partnership; extended secured financing facility to 2028.