---
schema_version: "secwatch.filing_event.v1"
accession: "0000930236-26-000016"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T02:37:46.279841+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000930236-26-000016
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000093023626000016/0000930236-26-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000093023626000016/rwt-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930236-26-000016
- JSON: https://secwatch.observer/filing/0000930236-26-000016.json
- Plain text: https://secwatch.observer/filing/0000930236-26-000016.txt

## Key facts
- Earnings Releases
  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
  source text: GAAP net loss of $(7.3) million or $(0.07) per basic and diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/930236/000093023626000016/0000930236-26-000016-index.htm

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