| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 299.53 | 5.3% | 20.5% |
| Total Income | 299.53 | 5.3% | 20.5% |
| Expenditure | 300.88 | 20.5% | 32.7% |
| PBT | -1.35 | 98.6% | 106.2% |
| Net Profit | -7.70 | 92.2% | 151.9% |
| OPM | — | ||
| NPM | -2.57% | 32.07pp | 8.53pp |
| EPS | -0.08 | 89.5% | 188.9% |
Redwood Trust Reports Q3 2025 Financial Results; Record Production Volumes
04 May 2026 · 4 May, 8:38 am
Summary
Redwood Trust reported financial results for the quarter ended September 30, 2025. The company achieved record mortgage banking production of nearly $7 billion. GAAP net loss was $(9.5) million, primarily driven by one-time expenses. The company transferred approximately $1 billion of Legacy Investments segment holdings, unlocking $150 million of capital for deployment towards mortgage banking platform growth.
Key Highlights
- 1
Redwood Trust achieved record mortgage banking production of nearly $7 billion in Q3 2025.
- 2
GAAP book value per common share was $7.35 at September 30, 2025.
- 3
The company repurchased approximately five million shares of common stock for approximately $29 million.
- 4
Sequoia Mortgage Banking segment GAAP net income was $34.3 million in Q3 2025.
- 5
CoreVest Mortgage Banking funded $521 million of loans, a 2% increase from the second quarter 2025.
- 6
The company transferred approximately $1 billion of Legacy Investments segment holdings, unlocking $150 million of capital.
Management Comments
Christopher Abate
“The third quarter was extremely productive at Redwood,” said Christopher Abate, Chief Executive Officer. “We achieved record mortgage banking production of nearly $7 billion, underscoring the strength of our operating model and ability to significantly grow market share. We meaningfully reduced legacy portfolio holdings as we reposition our balance sheet for increased transaction activity as rates begin to fall. Together, these accomplishments demonstrate strong momentum and our continued focus on delivering returns for shareholders.”
Informational and educational content only. Not investment advice.