RWT
Redwood Trust, Inc.
NYSEUSDEQUITY
Real Estate
DELAYED
Sell
-48/100
Last price
3.44
■ 0.00 (0.00%)
MARKET · —
Price
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Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
—
Prev close
3.44
Day high
3.53
Day low
3.43
Volume
3.18M
Market cap
$432.11M
P/E (TTM)
—
52W range
3.22 – 6.97
Trailing performance
Returnvs SPY
1W
-10.65%
-12.6%
1M
-23.73%
-24.9%
3M
-27.58%
-32.1%
6M
-39.54%
-57.7%
YTD
-37.79%
-52.0%
1Y
-41.79%
-58.2%
3Y
-51.75%
-134.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on RWT open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
13.48M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 21, 26 | MACOMBER SASHA G Officer |
BUY | 4.89K | $19.97K | Direct |
| Sep 21, 26 | STONE ANDREW P Officer |
BUY | 5.00K | $20.59K | Direct |
| Sep 16, 26 | ROBINSON DASHIELL I. President |
BUY | 63.21K | $251.58K | Direct |
| Sep 15, 26 | KUBICEK GREG H Director |
BUY | 50.00K | $192.56K | Indirect |
| Sep 15, 26 | ABATE CHRISTOPHER J Chief Executive Officer |
BUY | 100.00K | $383.90K | Indirect |
| Sep 15, 26 | CARILLO BROOKE Chief Financial Officer |
BUY | 26.07K | $100.24K | Direct |
| Jun 30, 26 | DAMON DONEENE K. Director |
CONVERSION | 4.97K | $24.23K | Direct |
| Jun 26, 26 | DEBORA HORVATH D Director |
CONVERSION | 7.26K | $34.34K | Indirect |
| May 26, 26 | HANSEN DOUGLAS B Director |
CONVERSION | 20.73K | $109.45K | Indirect |
| May 26, 26 | DEBORA HORVATH D Director |
CONVERSION | 20.73K | $109.45K | Indirect |
| May 26, 26 | SCHWARTZ FAITH A. Director |
CONVERSION | 20.73K | $109.45K | Direct |
| May 26, 26 | FALCON ARMANDO Director |
CONVERSION | 20.73K | $109.45K | Direct |
| May 1, 26 | DEBORA HORVATH D Director |
CONVERSION | 25.07K | $164.43K | Indirect |
| Apr 14, 26 | STONE ANDREW P Officer |
CONVERSION | 8.03K | $47.95K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ABATE CHRISTOPHER J |
Chief Executive Officer | — | Purchase |
CARILLO BROOKE |
Chief Financial Officer | 140.48K | Purchase |
DEBORA HORVATH D |
Director | — | Conversion of Exercise of derivative security |
FALCON ARMANDO |
Director | 52.55K | Conversion of Exercise of derivative security |
HANSEN DOUGLAS B |
Director | — | Conversion of Exercise of derivative security |
KUBICEK GREG H |
Director | — | Purchase |
MACOMBER SASHA G |
Officer | 95.30K | Purchase |
ROBINSON DASHIELL I. |
President | 395.05K | Purchase |
SCHWARTZ FAITH A. |
Director | 52.55K | Conversion of Exercise of derivative security |
STONE ANDREW P |
Officer | 183.63K | Purchase |
Fundamentals
Market cap$432.11M
Enterprise value$27.55B
Revenue (TTM)$261.57M
Gross profit$211.56M
EBITDA—
Net income$-6.83M
EPS (TTM)$-0.05
Free cash flow—
Total cash$444.83M
Total debt$27.50B
Book value / share$6.90
Shares outstanding125.61M
Float111.96M
Short % of float24.24%
Dividend yield20.93%
Beta (5Y)1.51
Valuation & profitability ratios
Trailing P/E—
Forward P/E3.17
PEG ratio1.47
Price / sales—
Price / book0.50
EV / revenue105.34
EV / EBITDA—
Gross margin80.88%
Operating margin0.08%
Profit margin2.19%
Return on equity0.57%
Return on assets0.02%
Debt / equity2,939.84
Current ratio6.52
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $130.97M | $223.32M | $143.89M | -$26.94M | -41.4% |
| Operating revenue | $130.97M | $223.32M | $143.89M | -$26.94M | -41.4% |
| Selling, general & admin | $147.34M | $131.63M | $123.10M | $127.26M | +11.9% |
| Pre-tax income | -$44.84M | $72.84M | -$639.00K | -$183.44M | -161.6% |
| Tax provision | $25.18M | $18.84M | $1.64M | -$19.92M | +33.7% |
| Net income | -$70.03M | $54.00M | -$2.27M | -$163.52M | -229.7% |
| Net income to common | -$82.68M | $42.60M | -$12.96M | -$167.85M | -294.1% |
| Basic EPS | -0.63 | 0.36 | -0.11 | -1.43 | -275.5% |
| Diluted EPS | -0.63 | 0.33 | -0.11 | -1.43 | -290.9% |
| Basic shares | 130.25M | 132.05M | 116.28M | 117.23M | -1.4% |
| Diluted shares | 130.25M | 132.09M | 116.28M | 117.23M | -1.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $255.66M | $245.16M | $293.10M | $258.89M | +4.3% |
| Accounts receivable | $130.96M | $115.83M | $69.07M | $60.89M | +13.1% |
| Property, plant & equipment | $15.90M | $14.17M | $20.36M | $28.79M | +12.2% |
| Goodwill & intangibles | $34.00M | $42.42M | $51.84M | $64.27M | -19.9% |
| Total assets | $23.70B | $18.26B | $14.50B | $13.03B | +29.8% |
| Current debt | $3.25B | $1.75B | $1.35B | $1.90B | +85.6% |
| Long-term debt | $18.87B | $14.63B | $11.48B | $9.58B | +29.0% |
| Total debt | $22.13B | $16.39B | $12.84B | $11.50B | +35.0% |
| Total liabilities | $22.72B | $17.07B | $13.30B | $11.95B | +33.1% |
| Retained earnings | -$1.52B | -$1.34B | $1.14B | $1.15B | -13.1% |
| Shareholder equity | $982.62M | $1.19B | $1.20B | $1.08B | -17.3% |
| Net tangible assets | $948.62M | $1.15B | $1.15B | $1.02B | -17.2% |
| Shares issued | 124.46M | 132.52M | 131.49M | 113.48M | -6.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$70.03M | $54.00M | -$2.27M | -$163.52M | -229.7% |
| Depreciation & amortisation | $10.06M | $11.92M | $14.85M | $15.92M | -15.6% |
| Stock-based compensation | $17.17M | $20.74M | $19.06M | $23.94M | -17.2% |
| Change in working capital | $85.54M | -$16.51M | -$51.49M | -$36.59M | +618.0% |
| Operating cash flow | -$10.09B | -$5.86B | -$2.02B | -$139.14M | -72.2% |
| Investing cash flow | $4.53B | $2.54B | $908.72M | $213.89M | +78.5% |
| Share buybacks | -$51.83M | $0 | $0 | -$56.50M | — |
| Dividends paid | -$105.99M | -$99.91M | -$93.58M | -$111.67M | -6.1% |
| Financing cash flow | $5.70B | $3.27B | $1.15B | -$276.87M | +74.4% |
| Free cash flow | -$10.09B | -$5.86B | -$2.02B | -$139.14M | -72.2% |
| End cash position | $449.11M | $312.93M | $368.79M | $329.36M | +43.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $42.99M | $48.48M | $77.06M | $43.04M | -$52.91M | — | -11.3% |
| Operating revenue | $42.99M | $48.48M | $77.06M | $43.04M | -$52.91M | — | -11.3% |
| Selling, general & admin | $36.68M | $47.42M | $38.33M | $37.67M | $35.47M | — | -22.7% |
| Pre-tax income | $45.00K | -$8.01M | $28.03M | -$1.35M | -$93.93M | — | +100.6% |
| Tax provision | $1.15M | -$2.50M | $8.01M | $6.35M | $4.56M | — | +145.7% |
| Net income | -$1.10M | -$5.50M | $20.02M | -$7.70M | -$98.49M | — | +80.0% |
| Net income to common | -$4.32M | -$7.25M | $12.62M | -$9.45M | -$101.66M | — | +40.5% |
| Basic EPS | -0.03 | -0.07 | — | -0.08 | -0.76 | 0.10 | +57.1% |
| Diluted EPS | -0.03 | -0.07 | — | -0.08 | -0.76 | 0.10 | +57.1% |
| Basic shares | 125.33M | 124.77M | — | 129.02M | 133.01M | 132.77M | +0.5% |
| Diluted shares | 125.33M | 124.77M | — | 129.02M | 133.01M | 132.77M | +0.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $191.85M | $202.41M | $255.66M | $226.32M | $301.98M | -5.2% |
| Accounts receivable | $151.43M | $143.41M | $130.96M | $123.21M | $130.63M | +5.6% |
| Property, plant & equipment | $20.95M | $16.06M | $15.90M | $15.54M | $15.30M | +30.5% |
| Goodwill & intangibles | $112.05M | $111.76M | $34.00M | $66.56M | $69.86M | +0.3% |
| Total assets | $28.82B | $26.82B | $23.70B | $22.60B | $21.33B | +7.5% |
| Current debt | $3.13B | $3.25B | $3.25B | $3.04B | $2.33B | -3.9% |
| Long-term debt | $24.08B | $21.79B | $18.87B | $17.97B | $17.16B | +10.5% |
| Total debt | $27.22B | $25.05B | $22.13B | $21.03B | $19.51B | +8.6% |
| Total liabilities | $27.88B | $25.86B | $22.72B | $21.60B | $20.28B | +7.8% |
| Retained earnings | -$1.58B | -$1.55B | -$1.52B | $1.10B | $1.11B | -1.7% |
| Shareholder equity | $933.84M | $956.71M | $982.62M | $999.01M | $1.05B | -2.4% |
| Net tangible assets | $821.79M | $844.95M | $948.62M | $932.45M | $983.61M | -2.7% |
| Shares issued | 125.61M | 125.02M | 124.46M | 126.75M | 131.68M | +0.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$1.10M | -$5.50M | $20.02M | -$7.70M | -$98.49M | +80.0% |
| Depreciation & amortisation | $2.39M | $2.27M | $2.27M | $2.33M | $2.71M | +5.0% |
| Stock-based compensation | $4.71M | $6.21M | $2.36M | $5.07M | $4.63M | -24.3% |
| Change in working capital | $17.35M | -$64.54M | $59.97M | -$47.33M | -$60.88M | +126.9% |
| Operating cash flow | -$3.75B | -$4.51B | -$3.36B | -$2.67B | -$2.11B | +16.9% |
| Investing cash flow | $1.47B | $1.23B | $1.61B | $1.28B | $979.08M | +19.7% |
| Share buybacks | $0 | -$1.12M | -$14.76M | -$29.56M | -$7.51M | +100.0% |
| Dividends paid | -$25.82M | -$25.50M | -$25.76M | -$26.05M | -$27.08M | -1.2% |
| Financing cash flow | $2.27B | $3.12B | $1.87B | $1.27B | $1.24B | -27.2% |
| Free cash flow | -$3.75B | -$4.51B | -$3.36B | -$2.67B | -$2.11B | +16.9% |
| End cash position | $291.31M | $294.70M | $449.11M | $330.19M | $448.23M | -1.1% |
Options analytics
Put / call volume
2.13
Put-heavy session
Put / call open interest
0.01
Positioning, not flow
Max pain
2.00
-41.9% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
61
Contracts, this expiry
Put volume
130
Contracts, this expiry
Heaviest call OI
8.00
197 contracts
Heaviest put OI
2.00
2 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.23 | 0.25 | +6.9% |
| Mar 2026 | 0.22 | 0.26 | +16.3% |
| Dec 2025 | 0.20 | 0.21 | +3.4% |
| Sep 2025 | 0.17 | 0.00 | -99.1% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.25 | 5 | $39.43M | +162.9% |
| Next quarter | 0.25 | 5 | $40.45M | +56.2% |
| Current year | 1.03 | 5 | $145.64M | +76.3% |
| Next year | 1.09 | 5 | $162.88M | +11.8% |
Analyst targets & ownership
Mean target$5.69
High target$6.50
Low target$4.75
Implied upside65.44%
Analyst count9
ConsensusBUY
Strong buy / Buy3 / 4
Hold2
Sell / Strong sell0 / 0
Held by insiders10.73%
Held by institutions82.01%
Institutions holding297
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
3.66
-6.01% from price
SMA 20
3.79
-9.11% from price
SMA 50
4.30
-20.06% from price
SMA 100
4.69
-26.67% from price
SMA 200
5.22
-34.15% from price
EMA 12
3.70
-6.92% from price
EMA 26
3.93
-12.39% from price
EMA 50
4.21
-18.37% from price
RSI (14)
31.0
Neutral
MACD (12,26,9)
-0.23
Hist -0.02
ATR (14)
0.17
5.02% of price
Realised vol 30D
66.2%
Annualised
Bollinger upper
4.21
20, 2σ
Bollinger lower
3.36
20, 2σ
50 / 200 cross
Death
4.30 vs 5.22
Trend bias
Below 200
-34.15%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.75
Less volatile than market
Correlation to SPY
0.23
Largely independent
Realised vol 30D
66.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-48.5%
Peak to trough
Max drawdown 5Y
-75.5%
Peak to trough
ATR 14
0.17
5.02% of price
Beta (reported)
1.51
5Y monthly, from filing
Short interest
Shares short
21.51M
Prior 6.79M
Change vs prior
+216.9%
Shorts adding
% of float
24.24%
Heavily shorted
% of shares out
17.12%
Against total outstanding
Days to cover
3.9
Liquid
Float
111.96M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 14, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Aug 21, 26 | UBS | MAINTAINED | Buy | Buy |
| Jul 29, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 29, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jul 28, 26 | Jones Trading | MAINTAINED | Buy | Buy |
| Jul 28, 26 | BTIG | MAINTAINED | Buy | Buy |
| Jul 17, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Jul 9, 26 | Keefe, Bruyette & Woods | UPGRADE | Market Perform | Outperform |
| Jul 8, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Jul 2, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jun 17, 26 | BTIG | MAINTAINED | Buy | Buy |
| Apr 30, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
Dividends & splits
Forward rate$0.72 / yr
Forward yield20.93%
5-year avg yield10.54%
Payout ratio328.57%
Ex-dividend dateSep 23, 2026
Next pay dateSep 30, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-15
Corporate Changes & Voting Matters
8-K · 2026-09-10
Offering Registrations
S-8 · 2026-08-06
Periodic Financial Reports
10-Q · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-07-28
Corporate Changes & Voting Matters
8-K · 2026-07-07
Corporate Changes & Voting Matters
8-K · 2026-06-11
Corporate Changes & Voting Matters
8-K · 2026-05-27
Headlines
Redwood Trust Inc's Dividend Analysis
GuruFocus.com · 14d ago
Redwood Trust (RWT) Prices $185M of Convertibles. Does Maturity Relief Justify Higher Interest?
Insider Monkey · 20d ago
Redwood Trust Board Should Weigh Sale, Investor Radoff Says
MT Newswires · 23d ago
Bradley L. Radoff Urges Redwood Trust’s Board of Directors to Explore a Sale
Business Wire · 23d ago
Redwood Trust Prices Upsized $185 Million Private Debt Offering
MT Newswires · 26d ago
Redwood Trust Prices Upsized $185.0 Million Convertible Senior Notes Offering
Business Wire · 26d ago
Redwood Trust Plans to Offer $150 Million Convertible Notes due 2030
MT Newswires · 27d ago
Redwood Trust Announces Third Quarter 2026 Common and Preferred Dividends
Business Wire · 27d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.