---
schema_version: "secwatch.filing_event.v1"
accession: "0000930236-26-000024"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2026-07-28T11:00:24+00:00"
generated_at: "2026-07-28T11:05:45.787435+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Redwood Trust Q2 GAAP net loss $0.03/sh; mortgage banking production exceeds $8B

## Summary
- GAAP net loss of $(2.9)M ($0.03/sh); non-GAAP EAD $0.15/sh, Core Segments EAD $0.25/sh.
- Mortgage banking production >$8B for second straight quarter, nearly double YoY; total platforms GAAP net income $40.1M (+9% QoQ).
- Book value per share fell to $6.90 from $7.12; economic return (0.6)%; dividend maintained at $0.18/sh.
- Sequoia locked $5.6B loans, Aspire record $2.1B; completed three securitizations in one week.
- Closed $500M warehouse facility for Castlelake JV; total excess warehouse capacity $3.7B.

## SEC filing metadata
- accession: 0000930236-26-000024
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2026-07-28T11:00:24+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000093023626000024/0000930236-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000093023626000024/rwt-20260728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930236-26-000024
- JSON: https://secwatch.observer/filing/0000930236-26-000024.json
- Plain text: https://secwatch.observer/filing/0000930236-26-000024.txt

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