Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 289

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 289
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 and undistributed earnings allocated to participating securities(1,360)(1,088)(4,185)(3,116)Net (loss) income allocated to common stockholders$(10,814)$11,988 $(99,491)$52,249 Basic weighted average common shares outstanding129,018,261 132,218,180 131,583,195 131,969,039 Basic (Loss) Earnings per Common Share$(0.08)$0.09 $(0.76)$0.40 Diluted (Loss) Earnings per Common Share:Net (loss) income (related) available to common stockholders$(9,454)$13,076 $(95,306)$55,365 Less: Dividends and undistributed earnings allocated to participating securities(1,360)(1,088)(4,185)(3,116)Net (loss) income allocated to common stockholders$(10,814)$11,988 $(99,491)$52,249 Weighted average common shares outstanding129,018,261 132,218,180 131,583,195 131,969,039 Net effect of dilutive equity awards— 139,517 — 49,122 Diluted weighted average common shares outstanding129,018,261 132,357,697 131,583,195 132,018,161 Diluted (Loss) Earnings per Common Share$(0.08)$0.09 $(0.76)$0.40 We included participating securities, which are certain equity awards that have non-forfeitable dividend participation rights, in the calculations of basic and diluted earnings per common share as we determined that the two-class method was more dilutive than the alternative treasury stock method for these shares. Dividends and undistributed earnings allocated to participating securities under the basic and diluted earnings per share calculations require specific shares to be included that may differ in certain circumstances.During the three and nine months ended September 30, 2025 and 2024, none of our convertible or exchangeable senior notes were determined to be dilutive and were not included in the calculation of diluted EPS under the "if-converted" method. Under this method, for convertible and exchangeable senior notes due in 2024 and 2025, the periodic interest expense (net of applicable taxes) for dilutive notes is added back to the numerator and the weighted average number of shares that the notes are