The earnings call reflects a strategic shift towards a more focused and scalable business model, with strong performance in core mortgage banking operations and aggressive capital reallocation efforts. However, the financial impact of repositioning charges and legacy asset challenges resulted in a significant net loss and book value decline.

Company Guidance -

Q3 2025

During the Redwood Trust Second Quarter 2025 Financial Results Conference Call, the company provided key guidance on their strategic transition and financial performance. Redwood Trust reported a GAAP net loss of $100.2 million, primarily attributable to the accelerated wind down of their legacy portfolio, resulting in fair value charges of approximately $0.79 per share. This adjustment led to a decrease in their GAAP book value per share from $8.39 on March 31, 2025, to $7.49 at the end of June 2025. Despite these challenges, Redwood Trust increased capital allocation by over $200 million to their mortgage banking platforms, which have generated GAAP returns exceeding 20% in each of the past four quarters. The company also announced an increase in stock repurchase authorization to $150 million, having already repurchased 2.4 million shares since June 2025. Looking forward, they plan to extract $200 million to $250 million from legacy investments by year-end 2025, aiming for higher quality and more predictable earnings. Their proactive capital redeployment strategy positions them for an estimated consolidated EAD return of 9% to 12% by the end of 2025.

Strategic Transition and Capital Reallocation

Redwood Trust is accelerating its strategic transition towards a more scalable and simplified operating model, with a focus on reducing exposure to non-core legacy assets. The company plans to harvest up to $250 million in capital from legacy investments by year-end 2025 and redeploy it into core operations for higher returns.

Mortgage Banking Performance

Sequoia locked $3.3 billion of jumbo loans in Q2 2025, a 15% increase from Q1, marking the highest quarterly flow volume since 2021. Gain on sale margins exceeded historical averages for the fourth consecutive quarter.

Aspire Platform Growth

Aspire's lock volume tripled sequentially to $330 million, with activity in July alone surpassing Q2 volume, indicating strong growth momentum.

Share Repurchase Program

Redwood Trust repurchased 2.4 million shares since June 2025 and plans to be more aggressive with buybacks, supported by an increased authorization of $150 million.

Redwood (RWT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RWT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.15 / -	0.09	―	―	―
Jul 30, 2025	2025 (Q2)	0.17 / -0.76	0.1	-860.00% (-0.86)
Apr 30, 2025	2025 (Q1)	0.15 / 0.10	0.21	-52.38% (-0.11)
Feb 13, 2025	2024 (Q4)	0.10 / -0.07	0.15	-146.67% (-0.22)
Oct 30, 2024	2024 (Q3)	0.18 / 0.09	-0.29	131.03% (+0.38)
Aug 01, 2024	2024 (Q2)	0.12 / 0.10	0	―
Apr 30, 2024	2024 (Q1)	0.09 / 0.21	0.02	950.00% (+0.19)
Feb 20, 2024	2023 (Q4)	0.18 / 0.15	-0.4	137.50% (+0.55)
Oct 30, 2023	2023 (Q3)	0.15 / -0.29	-0.44	34.09% (+0.15)
Jul 27, 2023	2023 (Q2)	0.10 / 0.00	-0.85	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RWT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$6.07	$5.59	-7.91%
Apr 30, 2025	$6.01	$5.64	-6.16%
Feb 13, 2025	$6.07	$6.00	-1.15%
Oct 30, 2024	$6.99	$6.70	-4.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Redwood Trust (RWT) report earnings?

Redwood Trust (RWT) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Redwood Trust (RWT) earnings time?

Redwood Trust (RWT) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is RWT EPS forecast?

RWT EPS forecast for the fiscal quarter 2025 (Q3) is 0.16.

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