Short answer
REDWOOD TRUST INC (RWT) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $300M (up 20.5% year over year) with net income of −$8M.
Q3 2025 key financials · XBRL
- Revenue
- $300M
- +20.5% YoY · +5.3% QoQ
- Net income
- −$8M
- −152.0% YoY · +92.2% QoQ
- EPS (diluted)
- −$0.09
- −200.0% YoY · +88.3% QoQ
Source: XBRL data from the REDWOOD TRUST INC (RWT) Q3 2025 10-Q on SEC EDGAR. USD.
REDWOOD TRUST INC Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Legacy Investments segment loss $22M, including $9M net interest loss and $7M investment fair value losses
- Legacy capital allocation down 12% to 28% by September 30, 2025 from June 30
- Legacy Investments assets down $648.6M to $2.305B, including $494.6M lower bridge loans
- $484M legacy bridge loans and REO transferred to Legacy Trust, with $182M retained subordinate interest
- Capital allocation target approximately 20% by year-end 2025, ultimately 0%–5% for Legacy Investments
Risk Factors
- No risk-factors section provided; submitted text covers equity repurchases, defaults, disclosures, and exhibits
- Capital-allocation risk: $150 million common-stock repurchase authorization, with $126 million remaining at September 30, 2025
- Debt risk: $3 million of senior notes repurchased during the quarter
- Governance-compliance risk: no directors or officers adopted or terminated Rule 10b5-1 arrangements during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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