---
schema_version: "secwatch.filing_event.v1"
accession: "0000930236-25-000034"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2025-10-29T23:59:59+00:00"
generated_at: "2026-05-17T01:49:42.942136+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Redwood Trust Q3 GAAP net loss $9.5M; record production $6.8B

## Summary
- 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.

## SEC filing metadata
- accession: 0000930236-25-000034
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2025-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000093023625000034/0000930236-25-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000093023625000034/rwt-20251029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930236-25-000034
- JSON: https://secwatch.observer/filing/0000930236-25-000034.json
- Plain text: https://secwatch.observer/filing/0000930236-25-000034.txt

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