Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 9

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 9
---
899)10,166 (23,065)(2,733)24,969 (27,702)Servicing income1,608 3,407 (1,799)5,015 7,774 (2,759)Fee income2,209 2,351 (142)4,560 2,664 1,896 Other income, net352 1,550 (1,198)1,902 262 1,640 Realized gains, net640 567 73 1,207 409 798 Total non-interest (loss) income, net(51,937)45,906 (97,843)(6,031)92,493 (98,524)General and administrative expenses(36,983)(37,471)488 (74,454)(67,853)(6,601)Portfolio management costs(10,028)(6,491)(3,537)(16,519)(8,461)(8,058)Loan acquisition costs(4,781)(3,568)(1,213)(8,349)(5,901)(2,448)Other expenses(4,035)(3,909)(126)(7,944)(8,538)594 Total Operating expenses(55,827)(51,439)(4,388)(107,266)(90,753)(16,513)Net Loss (Income) Before Income Taxes(93,930)22,409 (116,339)(71,521)51,243 (122,764)Provision for income taxes(4,562)(6,262)1,700 (10,824)(5,447)(5,377)Net Income (Loss)(98,492)16,147 (114,639)(82,345)45,796 (128,141)Dividends on preferred stock(1,757)(1,750)(7)(3,507)(3,507)— Net Income (Loss) Available (Related) to Common Stockholders$(100,249)$14,397 $(114,646)$(85,852)$42,289 $(128,141)

63

Three Months Ended June 30, 2025 Compared to Three Months Ended March 31, 2025 

Net Interest Income 

Net interest income decreased by $14 million during the second quarter of 2025, primarily due to an $11 million