Redwood Trust RWT
NYSE RWT
$4.42 -0.09 (-2.00%)
As of: Sep 8, 2026 · 3:59 PM EDT

Redwood Trust (RWT) Operating Expenses (2009 - 2026)

Redwood Trust's (RWT) quarterly Operating Expenses came in at $38.2 million in Q2 2026, up 3.29% year-over-year from $37.0 million in Q2 2025, and down 22.61% quarter-over-quarter from $49.4 million in Q1 2026.

Analysis

Redwood Trust (RWT) Operating Expenses (2009 - 2026) Analysis & Trends

Redwood Trust (RWT) has reported Operating Expenses for 18 consecutive years, with $38.2 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 3.29% year-over-year to $38.2 million in Q2 2026; TTM through Jun 2026 was $167.0 million, a 16.82% increase from a year earlier, with the FY2025 full-year figure at $153.9 million, up 12.87% from the prior year.
  • Operating Expenses was $38.2 million for Q2 2026 at Redwood Trust, down from $49.4 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $49.4 million in Q1 2026 and troughed at $29.7 million in Q3 2023.
  • A 5-year average of $35.9 million and a median of $35.8 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses fell 25.61% in 2022 and surged 31.72% in 2026, its largest moves.
  • Over 5 years, Operating Expenses stood at $39.2 million in 2022, then decreased by 17.74% to $32.2 million in 2023, then gained by 0.91% to $32.5 million in 2024, then rose by 25.37% to $40.8 million in 2025, then slipped by 6.34% to $38.2 million in 2026.
  • The last three Operating Expenses figures came in at $38.2 million (Q2 2026), $49.4 million (Q1 2026), and $40.8 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 16.87 Bn 13.96 Bn - 71.74 Mn
2 AGNC Investment 12.43 Bn 11.10 Bn - 30.00 Mn
3 Starwood Property Trust 5.84 Bn 3.67 Bn - 524.77 Mn
4 Rithm Capital 5.57 Bn 5.57 Bn - 1.28 Bn
5 Dynex Capital 2.88 Bn 2.27 Bn - 16.21 Mn
6 Two Harbors Investment 2.65 Bn 2.01 Bn - 51.40 Mn
7 Blackstone Mortgage Trust 2.35 Bn 1.91 Bn - 111.00 Mn
8 Armour Residential REIT 2.11 Bn 2.02 Bn - 17.16 Mn
9 Ellington Financial 1.71 Bn 1.46 Bn - 76.02 Mn
10 Redwood Trust 553.35 Mn 361.50 Mn - 38.20 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 38.20 Mn
Mar 31, 2026 49.36 Mn
Dec 31, 2025 40.79 Mn
Sep 30, 2025 38.71 Mn
Jun 30, 2025 36.98 Mn
Mar 31, 2025 37.47 Mn
Dec 31, 2024 32.53 Mn
Sep 30, 2024 36.01 Mn
Jun 30, 2024 33.28 Mn
Mar 31, 2024 34.57 Mn
Dec 31, 2023 32.24 Mn
Sep 30, 2023 29.70 Mn
Jun 30, 2023 30.81 Mn
Mar 31, 2023 35.56 Mn
Dec 31, 2022 39.19 Mn
Sep 30, 2022 38.24 Mn
Jun 30, 2022 30.20 Mn
Mar 31, 2022 33.28 Mn
Dec 31, 2021 33.38 Mn
Sep 30, 2021 47.69 Mn