Redwood Trust (RWT) Operating Expenses (2009 - 2026)
Redwood Trust (RWT) posted quarterly Operating Expenses of $49.4 million for Q1 2026, up 31.72% year-over-year from $37.5 million in Q1 2025, and up 21.02% quarter-over-quarter from $40.8 million in Q4 2025.
Redwood Trust (RWT) Operating Expenses (2009 - 2026) Analysis & Trends
Redwood Trust (RWT) has reported Operating Expenses for 18 consecutive years, with $49.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 31.72% year-over-year to $49.4 million; the TTM figure through Mar 2026 stood at $165.8 million (up 19.05% YoY), while the FY2025 annual figure was $153.9 million, up 12.87% from the prior year.
- Operating Expenses climbed to $49.4 million in Q1 2026 per RWT's latest filing, from $40.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $49.4 million in Q1 2026 and bottomed at $29.7 million in Q3 2023.
- Historically, Operating Expenses has averaged $35.8 million across 5 years, with a median of $35.6 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses retreated 25.61% — and 2026, when it soared 31.72%.
- Redwood Trust's Operating Expenses stood at $39.2 million in 2022, then dropped by 17.74% to $32.2 million in 2023, then climbed by 0.91% to $32.5 million in 2024, then advanced by 25.37% to $40.8 million in 2025, then climbed by 21.02% to $49.4 million in 2026.
- Business Quant data shows RWT's Operating Expenses at $49.4 million in Q1 2026, $40.8 million in Q4 2025, and $38.7 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 16.21 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 111.00 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 17.16 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 76.02 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 6.76 Mn |
| 10 | Redwood Trust | 590.95 Mn | 399.10 Mn | - | 38.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |