---
schema_version: "secwatch.filing_event.v1"
accession: "0000930236-26-000003"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:28:44.442094+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Redwood Trust Q4 GAAP net income $18.3M; record $7.3B platform production drives Core Segments EAD $0.33/sh

## Summary
- GAAP net income $18.3M ($0.13/sh) vs Q3 loss; Core Segments EAD $43.2M ($0.33/sh).
- Combined Mortgage Banking production $7.3B in Q4; full-year volume $23B (+111% YoY), record GAAP net income $146.2M.
- Sequoia locks $6.8B (+8% QoQ); gain-on-sale margin 127 bps (exceeded 75-100 target).
- GAAP book value $7.36; repurchased 2.7M shares for $15M; raised $100M unsecured bonds.
- Legacy Investments capital allocation down to 19% from 28%; segment loss improved to $(18.6)M from $(22.2)M.

## SEC filing metadata
- accession: 0000930236-26-000003
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2026-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000093023626000003/0000930236-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000093023626000003/rwt-20260211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930236-26-000003
- JSON: https://secwatch.observer/filing/0000930236-26-000003.json
- Plain text: https://secwatch.observer/filing/0000930236-26-000003.txt

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