The earnings call reflects a strategic focus on repositioning and growth in core platforms, but significant challenges remain with legacy portfolios, resulting in a net loss for the quarter. While there are clear strategic advancements and potential for future growth, the current financial hit from legacy assets is substantial.

Company Guidance

During the Redwood Trust's second quarter 2025 earnings call, the company provided guidance on its strategic transition towards a more simplified and scalable operating model. This transition involves a significant reduction in legacy assets, with an expected capital recovery of $200 million to $250 million by the end of 2025. The company reported a GAAP net loss of $100.2 million, driven primarily by repositioning charges related to the wind-down of legacy investments, resulting in a decline in GAAP book value per share from $8.39 at the end of March to $7.49 at the end of June. Despite these losses, Redwood Trust highlighted strong performance in its core mortgage banking platforms, which delivered returns exceeding 20% for the fourth consecutive quarter. Sequoia, Redwood's jumbo loan platform, locked $3.3 billion in loans, a 15% increase from the previous quarter, while the Aspire platform tripled its lock volume to $330 million. Additionally, the company plans to be aggressive in its share repurchase strategy with an increased authorization of $150 million, reflecting their confidence in the company's intrinsic value and future earnings potential.

Strategic Transition and Capital Repositioning

Redwood Trust is accelerating its strategic transition towards a more scalable and simplified operating model, reallocating over $200 million of capital into mortgage banking platforms which have generated combined GAAP returns over 20% in each of the past four quarters.

Increased Share Repurchase Authorization

The company has repurchased 2.4 million shares since June 2025 and plans to aggressively buy back more shares, with a recent increase in stock repurchase authorization to $150 million.

Sequoia Platform Performance

Sequoia locked $3.3 billion of jumbo loans in the second quarter, a 15% increase from the previous quarter, marking Sequoia's highest quarterly flow volume since 2021.

Aspire Business Growth

Aspire's lock volume tripled sequentially to $330 million, with expectations for meaningful growth across the next few quarters.

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 0.15.

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