Nov 3
RWT · Redwood Trust Inc
$3.11
-0.15 (-4.60%)
At close · Nov 5
Return incl. dividend (before tax)
Market Cap
$391.75M
Shares
125.61M
Volume · Nov 5
4.2M
Avg daily vol (3M)
4.31M
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Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$3.11
Open$3.22
Day$3.05–3.27
52W close$2.92–6.68
Avg vol 30d3.4M
Short int20.4M · 16.2% of shares · 6.6d
Short vol65%
Last earningsNov 3, 2026
DataJan 2020–Nov 2026
Filing10-Q · Aug 5
Up next
Feb 5, 2027
Est · unconfirmed
· in 13 wks
Latest documents
2026
Nov 3
Nov 3
Current report
8-K
Entered into a material agreement, Unregistered sale of equity, Change to shareholders' rights, Charter or bylaw amendment, or fiscal year change, Other events
AI summary on its way
Nov 3
Oct 13
Current report
8-K
Financial results, Regulation FD disclosure
Redwood Trust, Inc. scheduled to release third quarter 2026 results on Tuesday, November 3, 2026, after the New York Stock Exchange close, with a conference call at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time.
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$216.83M
Trailing 12 months
Net income (TTM)
$5.72M
Trailing 12 months
Revenue growth YoY
+55.9%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$27.28B
Latest balance sheet
Dividend yield
22.1%
Trailing 12 months
Shares change YoY
-5.8%
Year over year · fewer shares
Price change (1Y)
-37.9%
Trailing year
Short interest
16.2%
Latest settlement · 6.6 days to cover
AI Brief
Q2 FY26 earnings call · Jul 28, 2026
Q2 FY26
TL;DR. Redwood reported a Q2 GAAP net loss of $3M ($0.03/share) and a 3% sequential decline in book value to $6.90, while core mortgage banking generated $34M of EAD at an 18.5% annualized ROE; Aspire posted record $2.1B lock volume (+32% QoQ) and the company continued executing its legacy investment wind-down, with allocation falling to 12% of capital and pro forma below 10%.
Bullish
- + Aspire executed definitive documentation for a dedicated joint venture with Cray Hill Capital Management, with potential $8B loan purchasing power, providing recurring fee revenue and added performance fees. new
- + Aspire securitized population delinquencies remained under 10 bps at June 30, indicating strong credit performance. new
- + CoreVest completed its first term loan securitization since 2023, a $268M transaction priced accretively to loan sale economics and placed with close to two dozen investors. new
- + Operating platforms delivered a 33% annualized return on average capital and improved capital efficiency, with average capital required per dollar of production falling to ~2.6% in 1H 2026 from ~3% a year ago. new
Bearish
- − Redwood reported a Q2 GAAP net loss of $3M ($0.03/share) and book value per share declined 3% sequentially to $6.90, driven by legacy portfolio mark-to-market changes, carry costs, and the $0.18 dividend. new
- − Sequoia GAAP net income declined to $32M from $38M in Q1 as purchase commitments fell 9%, reflecting cautious posture amid rate volatility and heightened bank competition.
- − CoreVest funded $410M of loans in Q2, down ~5% sequentially, as higher rates and legislative uncertainty weighed on portions of the pipeline.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Weak
Quant / Vol
Very High
Market backdrop
VIX 16.6 · calm
Equity put/call 0.44
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−37%
below
Price vs 50-day avg
−14%
below
RSI (14)
42
neutral
MACD trend
Positive
52-week position
5%
near low
Momentum
relative strength
1-month return
−7%
trailing
6-month return
−40%
trailing
YTD return
−44%
this year
Relative strength
−39%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $4 › 200d $5 — 200d above 50d
Institutional flow
Distributing
83 of 233 funds reported for Sep 30 · net -2.4M sh shares · +7 new
Insider flow
Accumulating
Net +$968.8K over 90 days · 0% sells
Short interest
Falling
16.23% of shares out · ▼ -2.0% MoM · 6.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
233 holders — mid 3-yr range
Squeeze score
75
high risk · 0–100
Fundamentals
EPS growth
−297%
Y/Y
Buyback
$111.0M
remaining
Balance sheet
$2.9B
net debt
Quant / Vol
risk profile
Volatility
45%
annualized · 1-yr
Max drawdown
−56%
past year
ATR
6.1%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Apr 29, 2026
Incremental annual earnings per share from the joint venture
· as it scales
$0.12 – $0.15
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−37%
Bearish
Price vs 50-day avg
−14%
Bearish
RSI (14)
42
Neutral
MACD trend
Positive
Bullish
52-week position
5%
Bearish
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $4 › 200d $5 — 200d above 50d
Institutional flow
Distributing
83 of 233 funds reported for Sep 30 · net -2.4M sh shares · +7 new
Insider flow
Accumulating
Net +$968.8K over 90 days · 0% sells
Short interest
Falling
16.23% of shares out · ▼ -2.0% MoM · 6.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
233 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $3
Now $3 · 5%
Range high $7
vs 200-day avg -37%
vs 50-day avg -14%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Aspire gain on sale margins | 101 | the three months ended June 30, 2026 filing | — |
| Aspire lock volumes | 2.1B | the three months ended June 30, 2026 filing | — |
| Bridge loan fundings | $223.66M | three months ended June 30, 2026 filing | — |
| Bridge loan sales | $51.06M | three months ended June 30, 2026 filing | — |
| Bridge loans as a percentage of CoreVest quarterly fundings | 55% | the second quarter of 2026 filing | — |
| Capital allocated to Legacy Investments | 195M | the three months ended June 30, 2026 filing | — |
| Capital allocated to Legacy Investments declined | $47M | the second quarter of 2026 filing | — |
| CoreVest funding volumes | 410M | the three months ended June 30, 2026 filing | — |
| Distribution activity | 375M | the second quarter of 2026 filing | — |
| Gain on sale margins | 92 | the three months ended June 30, 2026 filing | — |
| Loans distributed | $6.5B | three months ended June 30, 2026 filing | — |
| Loans distributed through securitizations | $5.3B | three months ended June 30, 2026 filing | — |
| Lock volumes | 5.6B | the three months ended June 30, 2026 filing | — |
| LPCs entered into | $1.45B | three months ended June 30, 2026 filing | — |
| LPCs entered into (loan locks, adjusted for expected fallout) | 4.98B | three months ended June 30, 2026 filing | — |
| Mortgage Banking production volumes | $8B | three months ended June 30, 2026 filing | — |
| Net cost to originate | 96 | three months ended June 30, 2026 filing | — |
| Term loan fundings | $186.56M | three months ended June 30, 2026 filing | — |
| Term loan sales | $60.81M | three months ended June 30, 2026 filing | — |
| Term loans as a percentage of CoreVest quarterly fundings | 45% | the second quarter of 2026 filing | — |
| Total Loan distributions | $374.87M | three months ended June 30, 2026 filing | — |
| Total loan fundings | $410.22M | three months ended June 30, 2026 filing | — |
| Transfer to joint ventures | $253.14M | three months ended June 30, 2026 filing | — |
| Transfer to securitizations | $9.87M | three months ended June 30, 2026 filing | — |
| Weighted average contractual interest rate | 6.29% | three months ended June 30, 2026 filing | — |
| Whole loan sales | $1.2B | three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
RWT
this stock
Redwood Trust Inc
|
$391.75M | -43.8% | — | — | 0.0% |
|
NLY
Annaly Capital Management Inc
|
$14.91B | -15.7% | — | 13.3 | 3.3% |
|
AGNC
AGNC Investment Corp.
|
$11.23B | -17.7% | — | — | 0.0% |
|
RITM
Rithm Capital Corp.
|
$5.20B | -13.3% | -6.7% | 14.8 | 5.9% |
|
STWD
Starwood Property Trust, Inc.
|
$4.76B | -28.5% | -5.3% | — | 6.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| RWT | -3.7% | -6.6% | -40.0% | -0.6% | -43.8% |
| SPY | -4.7% | -5.3% | -0.8% | -3.0% | +7.5% |
| vs SPY | +1.0% | -1.3% | -39.1% | +2.4% | -51.3% |
Capital returns
Latest dividend
$0.18
/ share · ex Sep 23, 2026
Paid (TTM)
$0.72
/ share · 4 payouts
Dividend yield (TTM, derived)
23.15%
Buyback program
· as of Jun 30, 2026
Authorized
$150.00M
Spent (derived)
$39.00M
Remaining
$111.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
930236
CUSIP
758075402
13F (30d)
74 filings
59 filers
Visit website
Investor relations