Redwood Trust Q1 GAAP loss $0.07/sh; record $8.5B mortgage banking production

REDWOOD TRUST INC

2026-Q1 EPS reported -$0.07

GAAP net loss of $(0.07) per share; Non-GAAP EAD $0.21 per share covers $0.18 dividend.
Mortgage banking production record $8.5B (up 16% QoQ) driven by Sequoia locks $6.5B.
GAAP book value per share $7.12, down from $7.36 at Dec 31; economic return (0.8)%.
Sequoia mortgage banking net income $37.8M; CoreVest had $5M severance costs.
New JV with Castlelake L.P. for up to $8B jumbo loan purchases; Aspire inaugural non-QM securitization.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

REDWOOD TRUST INC reported quarter ended March 31, 2026 results: net income $(7.3) million, EPS $(0.07) per basic and diluted common share.

Period: quarter ended March 31, 2026
Net income: $(7.3) million
EPS: $(0.07) per basic and diluted common share
Result: reported results

Exact text from the filing

GAAP net loss of $(7.3) million or $(0.07) per basic and diluted common share

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Source: SEC EDGAR

accession 0000930236-26-000016

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