2024 Q2 Form 10-Q Financial Statement

#000093023624000023 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $225.4M $214.0M
YoY Change 25.93% 19.88%
Cost Of Revenue $205.0M $185.0M
YoY Change 31.4% 18.9%
Gross Profit $36.27M $29.00M
YoY Change 57.69% 26.49%
Gross Profit Margin 16.09% 13.55%
Selling, General & Admin $30.58M $35.00M
YoY Change 1.94% 4.86%
% of Gross Profit 84.32% 120.69%
Research & Development $3.254M $3.201M
YoY Change 14.02% 2.86%
% of Gross Profit 8.97% 11.04%
Depreciation & Amortization $2.846M $3.469M
YoY Change -22.35% -5.43%
% of Gross Profit 7.85% 11.96%
Operating Expenses $46.99M $18.00M
YoY Change 213.26% -59.13%
Operating Profit -$10.72M $11.00M
YoY Change -234.01% -152.11%
Interest Expense $200.1M $22.00M
YoY Change -5103.1% -85.53%
% of Operating Profit 200.0%
Other Income/Expense, Net $5.177M $3.361M
YoY Change 4.06% -8.77%
Pretax Income $20.46M $31.00M
YoY Change 922.9% 786.47%
Income Tax $4.924M $1.000M
% Of Pretax Income 24.07% 3.23%
Net Earnings $15.53M $30.00M
YoY Change 1453.4% 549.35%
Net Earnings / Revenue 6.89% 14.02%
Basic Earnings Per Share $0.10 $0.21
Diluted Earnings Per Share $0.10 $0.23
COMMON SHARES
Basic Shares Outstanding 132.2M shares 131.6M shares
Diluted Shares Outstanding 132.1M shares 131.6M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $540.0M $275.0M
YoY Change 51.26% -57.52%
Cash & Equivalents $275.6M $275.0M
Short-Term Investments $264.4M $212.3M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $439.7M $275.0M
YoY Change 23.17% -48.24%
LONG-TERM ASSETS
Property, Plant & Equipment $6.650M $7.225M
YoY Change -26.06% -22.24%
Goodwill $23.37M $23.37M
YoY Change 0.0% 0.0%
Intangibles $23.45M $25.66M
YoY Change -32.36% -32.1%
Long-Term Investments $1.188B $1.110B
YoY Change 25.1% 6.54%
Other Assets $103.9M $105.1M
YoY Change -20.96% -17.86%
Total Long-Term Assets $16.05B $14.78B
YoY Change 29.03% 17.42%
TOTAL ASSETS
Total Short-Term Assets $439.7M $275.0M
Total Long-Term Assets $16.05B $14.78B
Total Assets $16.49B $15.06B
YoY Change 28.87% 14.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.698M $4.481M
YoY Change 62.45% 41.71%
Accrued Expenses $200.8M $189.2M
YoY Change 43.52% 34.21%
Deferred Revenue
YoY Change
Short-Term Debt $1.276B $1.251B
YoY Change -12.45% -22.61%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.487B $1.251B
YoY Change 2.03% -29.0%
LONG-TERM LIABILITIES
Long-Term Debt $13.69B $12.34B
YoY Change 37.15% 21.17%
Other Long-Term Liabilities $89.11M $248.0M
YoY Change -61.42% 498.74%
Total Long-Term Liabilities $13.78B $12.58B
YoY Change 34.92% 23.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.487B $1.251B
Total Long-Term Liabilities $13.78B $12.58B
Total Liabilities $15.27B $13.83B
YoY Change 30.82% 15.44%
SHAREHOLDERS EQUITY
Retained Earnings $1.187B $1.173B
YoY Change 2.51% 1.41%
Common Stock $2.499B $2.495B
YoY Change 5.88% 5.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.221B $1.224B
YoY Change
Total Liabilities & Shareholders Equity $16.49B $15.06B
YoY Change 28.87% 14.76%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $15.53M $30.00M
YoY Change 1453.4% 549.35%
Depreciation, Depletion And Amortization $2.846M $3.469M
YoY Change -22.35% -5.43%
Cash From Operating Activities -$1.966B -$954.2M
YoY Change 2406.37% -1035.38%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $551.5M $1.728M
YoY Change 100.16% 210.23%
Cash From Investing Activities $551.5M $350.3M
YoY Change 100.16% 216.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.414B $575.5M
YoY Change -687.18% -1214.93%
NET CHANGE
Cash From Operating Activities -1.966B -$954.2M
Cash From Investing Activities 551.5M $350.3M
Cash From Financing Activities 1.414B $575.5M
Net Change In Cash -1.007M -$28.40M
YoY Change -97.69% -117.63%
FREE CASH FLOW
Cash From Operating Activities -$1.966B -$954.2M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
368633000 usd
CY2024Q1 us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
20674000 usd
CY2023Q1 us-gaap Proceeds From Collection Of Loans Held For Sale
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18705000 usd
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CY2023Q1 rwt Payments For Proceeds From Derivative Instrument Operating Activities
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CY2024Q1 rwt Share Based Payment Arrangement Noncash Expense And Other
ShareBasedPaymentArrangementNoncashExpenseAndOther
6697000 usd
CY2023Q1 rwt Share Based Payment Arrangement Noncash Expense And Other
ShareBasedPaymentArrangementNoncashExpenseAndOther
6342000 usd
CY2024Q1 rwt Market Valuation Adjustments Net
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44020000 usd
CY2023Q1 rwt Market Valuation Adjustments Net
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11270000 usd
CY2024Q1 us-gaap Gain Loss On Sale Of Investments
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409000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Investments
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13750000 usd
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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102009000 usd
CY2024Q1 rwt Payments For Origination Of Loans Held For Investment
PaymentsForOriginationOfLoansHeldForInvestment
120341000 usd
CY2023Q1 rwt Payments For Origination Of Loans Held For Investment
PaymentsForOriginationOfLoansHeldForInvestment
237309000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
30663000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
0 usd
CY2024Q1 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
476656000 usd
CY2023Q1 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
343430000 usd
CY2024Q1 rwt Payments To Acquire Real Estate Securities
PaymentsToAcquireRealEstateSecurities
55219000 usd
CY2023Q1 rwt Payments To Acquire Real Estate Securities
PaymentsToAcquireRealEstateSecurities
0 usd
CY2024Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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0 usd
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
6186000 usd
CY2024Q1 rwt Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
294000 usd
CY2023Q1 rwt Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
255000 usd
CY2024Q1 rwt Repayments Of Servicing Advance Investments
RepaymentsOfServicingAdvanceInvestments
8678000 usd
CY2023Q1 rwt Repayments Of Servicing Advance Investments
RepaymentsOfServicingAdvanceInvestments
7529000 usd
CY2024Q1 rwt Payments To Acquire Home Equity Investment Contracts
PaymentsToAcquireHomeEquityInvestmentContracts
307000 usd
CY2023Q1 rwt Payments To Acquire Home Equity Investment Contracts
PaymentsToAcquireHomeEquityInvestmentContracts
16559000 usd
CY2024Q1 rwt Proceeds From Payments For Home Equity Contracts Net
ProceedsFromPaymentsForHomeEquityContractsNet
11591000 usd
CY2023Q1 rwt Proceeds From Payments For Home Equity Contracts Net
ProceedsFromPaymentsForHomeEquityContractsNet
7754000 usd
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1728000 usd
CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
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557000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
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350287000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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110729000 usd
CY2024Q1 us-gaap Proceeds From Short Term Debt
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933498000 usd
CY2023Q1 us-gaap Proceeds From Short Term Debt
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643085000 usd
CY2024Q1 us-gaap Repayments Of Short Term Debt
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1341949000 usd
CY2023Q1 us-gaap Repayments Of Short Term Debt
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1057380000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Secured Debt
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1190500000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Secured Debt
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594327000 usd
CY2024Q1 us-gaap Repayments Of Secured Debt
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307870000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
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267449000 usd
CY2024Q1 us-gaap Proceeds From Other Debt
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385613000 usd
CY2023Q1 us-gaap Proceeds From Other Debt
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126760000 usd
CY2024Q1 us-gaap Payments Of Debt Issuance Costs
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2778000 usd
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
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308000 usd
CY2024Q1 us-gaap Repayments Of Other Debt
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256986000 usd
CY2023Q1 us-gaap Repayments Of Other Debt
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128970000 usd
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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815000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1207000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
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130000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
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162000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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CY2023Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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66923000 usd
CY2024Q1 us-gaap Payments Of Dividends Common Stock
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22110000 usd
CY2023Q1 us-gaap Payments Of Dividends Common Stock
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27559000 usd
CY2024Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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1750000 usd
CY2023Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
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575483000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-28401000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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161122000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
368788000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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329364000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
340387000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
490486000 usd
CY2024Q1 us-gaap Interest Paid Net
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168578000 usd
CY2023Q1 us-gaap Interest Paid Net
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138617000 usd
CY2024Q1 us-gaap Income Taxes Paid Net
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CY2023Q1 us-gaap Income Taxes Paid Net
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CY2024Q1 rwt Dividends Declared But Not Paid On Preferred Stock
DividendsDeclaredButNotPaidOnPreferredStock
1478000 usd
CY2023Q1 rwt Dividends Declared But Not Paid On Preferred Stock
DividendsDeclaredButNotPaidOnPreferredStock
1419000 usd
CY2024Q1 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
75000 usd
CY2023Q1 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
0 usd
CY2024Q1 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
1284529000 usd
CY2023Q1 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
873093000 usd
CY2024Q1 us-gaap Transfer To Other Real Estate
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1846000 usd
CY2023Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
8014000 usd
CY2024Q1 rwt Long Term Debt Transferred To Short Term Debt
LongTermDebtTransferredToShortTermDebt
101228000 usd
CY2023Q1 rwt Long Term Debt Transferred To Short Term Debt
LongTermDebtTransferredToShortTermDebt
0 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
337000 usd
CY2024Q1 rwt Operating Lease Liability Reduction From Lease Modification
OperatingLeaseLiabilityReductionFromLeaseModification
0 usd
CY2023Q1 rwt Operating Lease Liability Reduction From Lease Modification
OperatingLeaseLiabilityReductionFromLeaseModification
274000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
275000000 usd
CY2024Q1 us-gaap Restricted Cash
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65000000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
404000000 usd
CY2023Q1 us-gaap Restricted Cash
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86000000 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
Organization<div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit, with a mission to help make quality housing, whether rented or owned, accessible to all American households. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors through our best-in-class securitization platforms, whole-loan distribution activities and our publicly-traded securities. Our aggregation, origination and investment activities have evolved to incorporate a diverse mix of residential consumer and residential investor housing credit assets. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our primary sources of income are net interest income from our investments and non-interest income from our mortgage banking activities. Net interest income primarily consists of the interest income we earn on investments less the interest expense we incur on borrowed funds and other liabilities. Income from mortgage banking activities is generated through the origination and acquisition of loans, and their subsequent sale, securitization, or transfer to our investment portfolios. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc. has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), beginning with its taxable year ended December 31, 1994. We generally refer, collectively, to Redwood Trust, Inc. and those of its subsidiaries that are generally not subject to subsidiary-level corporate income tax as “the REIT” or “our REIT.” We generally refer to subsidiaries of Redwood Trust, Inc. that are subject to subsidiary-level corporate income tax as “our taxable REIT subsidiaries” or “TRS.” </span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc. was incorporated in the State of Maryland on April 11, 1994, and commenced operations on August 19, 1994. References herein to “Redwood,” the “company,” “we,” “us,” and “our” include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires. For a full description of our business, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Part I, Item 1—Business </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in our Annual Report on Form 10-K for the year ended December 31, 2023.</span></div>
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, valuation allowances, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.</span></div>
CY2024Q1 us-gaap Amortization Of Intangible Assets
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3000000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
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3000000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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6609000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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8426000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6694000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1571000 usd
CY2024Q1 rwt Finite Lived Intangible Asset Expected Amortization Year Three And Thereafter
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2357000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
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25657000 usd
CY2024Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
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199207000 usd
CY2024Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
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0 usd
CY2024Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
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199207000 usd
CY2024Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
198496000 usd
CY2024Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
706000 usd
CY2024Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
5000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
502314000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
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0 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
502314000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
472852000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
28878000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
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584000 usd
CY2021Q3 rwt Number Of Securitization Transactions Co Sponsored
NumberOfSecuritizationTransactionsCoSponsored
2 transaction
CY2023Q4 rwt Number Of Securitization Transactions Co Sponsored
NumberOfSecuritizationTransactionsCoSponsored
2 transaction
CY2024Q1 rwt Increase Decreasein Fair Value Adjustmentson Assets
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10905000 usd
CY2023Q1 rwt Increase Decreasein Fair Value Adjustmentson Assets
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12107000 usd
CY2024Q1 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
44020000 usd
CY2023Q1 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
11270000 usd
CY2024Q1 us-gaap Servicing Asset At Amortized Value
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504000000 usd
CY2024Q1 us-gaap Trading Securities
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102220000 usd
CY2023Q4 us-gaap Trading Securities
TradingSecurities
40424000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
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110087000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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87373000 usd
CY2024Q1 us-gaap Marketable Securities
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212307000 usd
CY2023Q4 us-gaap Marketable Securities
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127797000 usd
CY2024Q1 us-gaap Trading Securities
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102220000 usd
CY2023Q4 us-gaap Trading Securities
TradingSecurities
40424000 usd
CY2024Q1 us-gaap Investment Owned Balance Principal Amount
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16370000 usd
CY2023Q4 us-gaap Investment Owned Balance Principal Amount
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16567000 usd
CY2024Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
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47526000 usd
CY2023Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
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1700000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
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0 usd
CY2023Q1 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
3509000 usd
CY2024Q1 us-gaap Increase Decrease In Trading Securities
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14475000 usd
CY2023Q1 us-gaap Increase Decrease In Trading Securities
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1961000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
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110087000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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87373000 usd
CY2024Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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14056000 usd
CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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0 usd
CY2024Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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0 usd
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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2678000 usd
CY2024Q1 rwt Debt Securities Available For Sale Principal Balance Of Securities Called
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0 usd
CY2023Q1 rwt Debt Securities Available For Sale Principal Balance Of Securities Called
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0 usd
CY2024Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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8656000 usd
CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
5007000 usd
CY2024Q1 rwt Debt Securities Available For Sale Principal Balance
DebtSecuritiesAvailableForSalePrincipalBalance
166302000 usd
CY2023Q4 rwt Debt Securities Available For Sale Principal Balance
DebtSecuritiesAvailableForSalePrincipalBalance
149956000 usd
CY2024Q1 rwt Debt Securities Available For Sale Credit Reserve
DebtSecuritiesAvailableForSaleCreditReserve
19717000 usd
CY2023Q4 rwt Debt Securities Available For Sale Credit Reserve
DebtSecuritiesAvailableForSaleCreditReserve
23436000 usd
CY2024Q1 rwt Debt Securities Available For Sale Unamortized Discounts Premiums
DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
52891000 usd
CY2023Q4 rwt Debt Securities Available For Sale Unamortized Discounts Premiums
DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
46885000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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93694000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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79635000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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23126000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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16973000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4880000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6753000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
1853000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
2482000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
110087000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
87373000 usd
CY2024Q1 rwt Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
69
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
13
CY2024Q1 rwt Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months
NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths
12 investment
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
5000000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
2000000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
2482000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
-629000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
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0 usd
CY2024Q1 rwt Number Of Securitization Transactions Co Sponsored
NumberOfSecuritizationTransactionsCoSponsored
2 transaction
CY2024Q1 rwt Home Equity Investments
HomeEquityInvestments
560745000 usd
CY2023Q4 rwt Home Equity Investments
HomeEquityInvestments
550436000 usd
CY2024Q1 rwt Net Market Valuation Recorded Gain Losses Income Net
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9031000 usd
CY2023Q1 rwt Net Market Valuation Recorded Gain Losses Income Net
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4265000 usd
CY2024Q1 us-gaap Other Investments
OtherInvestments
337345000 usd
CY2023Q4 us-gaap Other Investments
OtherInvestments
343930000 usd
CY2024Q1 rwt Number Of Partnerships Consolidated
NumberOfPartnershipsConsolidated
2 partnership
CY2024Q1 rwt Servicing Asset Receivable
ServicingAssetReceivable
175909000 usd
CY2023Q4 rwt Servicing Asset Receivable
ServicingAssetReceivable
184587000 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Net
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-2694000 usd
CY2024Q1 us-gaap Derivative Notional Amount
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2235635000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-19616000 usd
CY2023Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2628677000 usd
CY2024Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
91313000 usd
CY2023Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
93599000 usd
CY2024Q1 us-gaap Interest Receivable
InterestReceivable
79491000 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
69072000 usd
CY2024Q1 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
50917000 usd
CY2023Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
67302000 usd
CY2024Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
40116000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
40115000 usd
CY2024Q1 us-gaap Margin Deposit Assets
MarginDepositAssets
19409000 usd
CY2023Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
33414000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11539000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12532000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7225000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7829000 usd
CY2024Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
1134000 usd
CY2023Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
2082000 usd
CY2024Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
32487000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
25164000 usd
CY2024Q1 us-gaap Other Assets
OtherAssets
333631000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
351109000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18000000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10000000 usd
CY2024Q1 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
86860000 usd
CY2023Q4 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
81177000 usd
CY2024Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
60925000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
52755000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
18529000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
28140000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
13659000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
14725000 usd
CY2024Q1 rwt Unsettled Trade Liabilities Current
UnsettledTradeLiabilitiesCurrent
13404000 usd
CY2023Q4 rwt Unsettled Trade Liabilities Current
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0 usd
CY2024Q1 rwt Accrued Operating Expenses
AccruedOperatingExpenses
9265000 usd
CY2023Q4 rwt Accrued Operating Expenses
AccruedOperatingExpenses
5527000 usd
CY2024Q1 us-gaap Guaranty Liabilities
GuarantyLiabilities
5650000 usd
CY2023Q4 us-gaap Guaranty Liabilities
GuarantyLiabilities
5781000 usd
CY2024Q1 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
4878000 usd
CY2023Q4 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
4700000 usd
CY2024Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
4481000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4992000 usd
CY2024Q1 rwt Bridge Loan Holdback
BridgeLoanHoldback
2185000 usd
CY2023Q4 rwt Bridge Loan Holdback
BridgeLoanHoldback
2059000 usd
CY2024Q1 rwt Dividends Payable Preferred Stock
DividendsPayablePreferredStock
1478000 usd
CY2023Q4 rwt Dividends Payable Preferred Stock
DividendsPayablePreferredStock
1478000 usd
CY2024Q1 rwt Margin Payable
MarginPayable
0 usd
CY2023Q4 rwt Margin Payable
MarginPayable
350000 usd
CY2024Q1 rwt Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
19877000 usd
CY2023Q4 rwt Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
15119000 usd
CY2024Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
241191000 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
216803000 usd
CY2023Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
93599000 usd
CY2024Q1 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
1846000 usd
CY2024Q1 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
1512000 usd
CY2024Q1 us-gaap Principal Investment Gains Losses
PrincipalInvestmentGainsLosses
-2620000 usd
CY2024Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
91313000 usd
CY2024Q1 rwt Realized Gain Loss From Liquidation
RealizedGainLossFromLiquidation
-3000000 usd
CY2024Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
42 asset
CY2023Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
45 asset
CY2018 rwt Number Of Partnerships Consolidated
NumberOfPartnershipsConsolidated
2 partnership
CY2024Q1 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
1000000 usd
CY2021 rwt Number Of Securitization Transactions Co Sponsored
NumberOfSecuritizationTransactionsCoSponsored
2 transaction
CY2023 rwt Number Of Securitization Transactions Co Sponsored
NumberOfSecuritizationTransactionsCoSponsored
2 transaction
CY2024Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
1251444000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1558222000 usd
CY2024Q1 rwt Shortterm Debt Pledgedas Collateral
ShorttermDebtPledgedasCollateral
1531035000 usd
CY2023Q4 rwt Shortterm Debt Pledgedas Collateral
ShorttermDebtPledgedasCollateral
1855214000 usd
CY2024Q1 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
951000000 usd
CY2024Q1 us-gaap Interest Payable Current
InterestPayableCurrent
4000000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
6000000 usd
CY2023 rwt Employee Stock Purchase Plan Number Of Shares Purchased By Employee
EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee
763369 shares
CY2024Q1 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
14556000 usd
CY2023Q1 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
16671000 usd
CY2024Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
1251444000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1716875000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9737000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
1707138000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1689670000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
8769000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1680901000 usd
CY2024Q1 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
1550658000 usd
CY2023Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
1565514000 usd
CY2024Q1 rwt Interest Payable Noncurrent
InterestPayableNoncurrent
17504000 usd
CY2023Q4 rwt Interest Payable Noncurrent
InterestPayableNoncurrent
10248000 usd
CY2024Q1 rwt Lessee Number Of Leases
LesseeNumberOfLeases
9 lease
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15000000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1000000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1000000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3402000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3687000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3520000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2588000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1122000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
869000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15188000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1529000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
13659000 usd
CY2024Q1 rwt Lessee Number Of Office Leases
LesseeNumberOfOfficeLeases
0 lease
CY2024Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P1Y
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
14000000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12000000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.053
CY2018 rwt Commitment To Fund Partnership Number Of Partnerships
CommitmentToFundPartnershipNumberOfPartnerships
2 partnership
CY2024Q1 rwt Fee Income Risk Sharing Agreement
FeeIncomeRiskSharingAgreement
200000 usd
CY2024Q1 us-gaap Guaranty Liabilities
GuarantyLiabilities
6000000 usd
CY2024Q1 rwt Guarantee Obligation Credit Reserve
GuaranteeObligationCreditReserve
5000000 usd
CY2024Q1 rwt Special Purpose Entities Assets
SpecialPurposeEntitiesAssets
28000000 usd
CY2023Q4 rwt Special Purpose Entities Assets
SpecialPurposeEntitiesAssets
28000000 usd
CY2024Q1 rwt Special Purpose Entities Liabilities
SpecialPurposeEntitiesLiabilities
6000000 usd
CY2023Q4 rwt Special Purpose Entities Liabilities
SpecialPurposeEntitiesLiabilities
6000000 usd
CY2024Q1 rwt Mortgage Loans On Real Estate Repurchase Provision
MortgageLoansOnRealEstateRepurchaseProvision
200000 usd
CY2023Q1 rwt Mortgage Loans On Real Estate Repurchase Provision
MortgageLoansOnRealEstateRepurchaseProvision
0 usd
CY2024Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.625
CY2024Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1000000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28512000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3201000 usd
CY2024Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1356000 usd
CY2023Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1404000 usd
CY2024Q1 us-gaap Undistributed Earnings
UndistributedEarnings
27156000 usd
CY2023Q1 us-gaap Undistributed Earnings
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1797000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
131570347 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113678911 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28512000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3201000 usd
CY2024Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1356000 usd
CY2023Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1404000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
27156000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1797000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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131570347 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113678911 shares
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
455645 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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131570347 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114134556 shares
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2024Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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7.76
CY2024Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
800000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
41000000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
37605000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
10703000 usd
CY2024Q1 rwt Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Valuation Adjustment
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsValuationAdjustment
0 usd
CY2024Q1 rwt Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost Forfeitures
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures
1515000 usd
CY2024Q1 rwt Allocated Sharebased Compensation Expense Including Restructuring
AllocatedSharebasedCompensationExpenseIncludingRestructuring
5735000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
41058000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y
CY2024Q1 rwt Employee Stock Purchase Plan Number Of Shares Authorized
EmployeeStockPurchasePlanNumberOfSharesAuthorized
850000 shares
CY2024Q1 rwt Employee Stock Purchase Plan Number Of Shares Purchased By Employee
EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee
785530 shares
CY2024Q1 rwt Mortgage Servicing Rights Income Loss Net
MortgageServicingRightsIncomeLossNet
4225000 usd
CY2023Q1 rwt Mortgage Servicing Rights Income Loss Net
MortgageServicingRightsIncomeLossNet
1077000 usd
CY2024Q1 rwt Fee Income Risk Sharing Agreement
FeeIncomeRiskSharingAgreement
169000 usd
CY2023Q1 rwt Fee Income Risk Sharing Agreement
FeeIncomeRiskSharingAgreement
159000 usd
CY2024Q1 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
1000000 usd
CY2023Q1 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
1592000 usd
CY2024Q1 rwt Equity Method Loss Earnings Allocation
EquityMethodLossEarningsAllocation
-943000 usd
CY2023Q1 rwt Equity Method Loss Earnings Allocation
EquityMethodLossEarningsAllocation
-20000 usd
CY2024Q1 us-gaap Payments For Legal Settlements
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0 usd
CY2023Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
891000 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
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55000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
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857000 usd
CY2024Q1 us-gaap Other Income
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4506000 usd
CY2023Q1 us-gaap Other Income
OtherIncome
4556000 usd
CY2024Q1 rwt Fixed Compensation Expense
FixedCompensationExpense
16257000 usd
CY2023Q1 rwt Fixed Compensation Expense
FixedCompensationExpense
15359000 usd
CY2024Q1 rwt Variable Compensation Expense
VariableCompensationExpense
2917000 usd
CY2023Q1 rwt Variable Compensation Expense
VariableCompensationExpense
4005000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6487000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7942000 usd
CY2024Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
3201000 usd
CY2023Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
3112000 usd
CY2024Q1 rwt Office Costs
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2082000 usd
CY2023Q1 rwt Office Costs
OfficeCosts
2040000 usd
CY2024Q1 us-gaap Professional Fees
ProfessionalFees
1217000 usd
CY2023Q1 us-gaap Professional Fees
ProfessionalFees
919000 usd
CY2024Q1 us-gaap Other General Expense
OtherGeneralExpense
872000 usd
CY2023Q1 us-gaap Other General Expense
OtherGeneralExpense
929000 usd
CY2024Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1536000 usd
CY2024Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
24210000 usd
CY2024Q1 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
14556000 usd
CY2024Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
21837000 usd
CY2024Q1 rwt Hei Fair Value Changes Net
HEIFairValueChangesNet
9031000 usd
CY2024Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
4506000 usd
CY2024Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
409000 usd
CY2024Q1 us-gaap Noninterest Income
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50339000 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34569000 usd
CY2024Q1 rwt Portfolio Management Costs
PortfolioManagementCosts
3597000 usd
CY2023Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1249000 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34569000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
35555000 usd
CY2024Q1 rwt Portfolio Management Costs
PortfolioManagementCosts
3597000 usd
CY2023Q1 rwt Portfolio Management Costs
PortfolioManagementCosts
3510000 usd
CY2024Q1 rwt Commissions On Loan Acquisitions
CommissionsOnLoanAcquisitions
881000 usd
CY2023Q1 rwt Commissions On Loan Acquisitions
CommissionsOnLoanAcquisitions
828000 usd
CY2024Q1 rwt Underwriting Costs Associated With Loan Acquisitions
UnderwritingCostsAssociatedWithLoanAcquisitions
682000 usd
CY2023Q1 rwt Underwriting Costs Associated With Loan Acquisitions
UnderwritingCostsAssociatedWithLoanAcquisitions
242000 usd
CY2024Q1 rwt Transfer And Hold Costs Associated With Loan Acquisitions
TransferAndHoldCostsAssociatedWithLoanAcquisitions
674000 usd
CY2023Q1 rwt Transfer And Hold Costs Associated With Loan Acquisitions
TransferAndHoldCostsAssociatedWithLoanAcquisitions
219000 usd
CY2024Q1 rwt Loan Acquisition Costs
LoanAcquisitionCosts
2237000 usd
CY2023Q1 rwt Loan Acquisition Costs
LoanAcquisitionCosts
1289000 usd
CY2024Q1 rwt Amortizationof Purchase Related Intangible Assets
AmortizationofPurchaseRelatedIntangibleAssets
2805000 usd
CY2023Q1 rwt Amortizationof Purchase Related Intangible Assets
AmortizationofPurchaseRelatedIntangibleAssets
3107000 usd
CY2024Q1 us-gaap Other Cost And Expense Operating
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CY2024Q1 us-gaap Operating Costs And Expenses
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CY2024Q1 us-gaap Net Income Loss
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CY2024Q1 us-gaap Adjustment For Amortization
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CY2023Q1 us-gaap Interest And Dividend Income Operating
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CY2023Q1 us-gaap Unrealized Gain Loss On Investments
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CY2023Q1 rwt Hei Fair Value Changes Net
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CY2023Q1 us-gaap Other Operating Income Expense Net
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CY2023Q1 us-gaap Realized Investment Gains Losses
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CY2023Q1 us-gaap Noninterest Income
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CY2023Q1 us-gaap General And Administrative Expense
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CY2023Q1 rwt Loan Acquisition Costs
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CY2023Q1 us-gaap Other Expenses
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CY2023Q1 us-gaap Income Tax Expense Benefit
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CY2023Q1 us-gaap Adjustment For Amortization
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CY2024Q1 us-gaap Marketable Securities
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CY2024Q1 rwt Home Equity Investments
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CY2024Q1 us-gaap Other Investments
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CY2024Q1 us-gaap Goodwill
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CY2024Q1 us-gaap Intangible Assets Net Including Goodwill
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CY2024Q1 us-gaap Assets
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CY2023Q4 us-gaap Marketable Securities
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CY2023Q4 rwt Home Equity Investments
HomeEquityInvestments
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CY2023Q4 us-gaap Other Investments
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343930000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
23373000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
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28462000 usd
CY2023Q4 us-gaap Assets
Assets
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CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
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CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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