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
Download Data
Historic 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 |