$RWT Q3 '26 Earnings Results & Recap
• Reported GAAP EPS of -$0.02 down -300.00% YoY
• Reported revenue of $12.9M down -76.27% YoY
• Redwood Trust's transition to a C-corporation in 2027 is expected to result in an initial $0.73$0.77 per-share increase in GAAP book value in Q4 2026, while providing greater flexibility to retain and reinvest earnings.