REDWOOD TRUST INC (RWT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 0.73% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
120M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

RWT currently has 125M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.73% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 124.8M shares outstanding

120M 0
Nov 07, 2025

10-Q filing | 129.0M shares outstanding

130M 0
Aug 08, 2025

10-Q filing | 133.0M shares outstanding

130M 0
May 09, 2025

10-Q filing | 132.8M shares outstanding

130M 0
Mar 03, 2025

10-K filing | 132.1M shares outstanding

130M 0
Jan 17, 2025

8-K filing: Redwood Trust, Inc. completed a public offering of $90 million aggregate principal amount of 9.125% Senior Notes due 2030, with net proceeds of approximately $86.52 million. ($86.52M proceeds)

130M 0
Nov 07, 2024

10-Q filing | 132.2M shares outstanding

130M 0
Oct 11, 2024

8-K filing: The company sold $39.76 million aggregate principal amount of Notes to Initial Purchasers and repurchased approximately $33.1 million aggregate principal amount of 5.75% exchangeable senior notes due 2025.

130M 0
Aug 07, 2024

10-Q filing | 132.1M shares outstanding

130M 0
May 08, 2024

10-Q filing | 131.6M shares outstanding

130M 0
Mar 19, 2024

8-K filing: Redwood issued warrants to CPP Investments exercisable for 1,974,905 shares (First Tranche) and 4,608,112 shares (Second Tranche) of Redwood's common stock, with an initial strike price of $7.76.

130M 0
Feb 29, 2024

10-K filing | 131.6M shares outstanding

130M 0
Nov 07, 2023

10-Q filing | 115.5M shares outstanding

120M 0
Aug 07, 2023

10-Q filing | 114.1M shares outstanding

110M 0
May 05, 2023

10-Q filing | 114.1M shares outstanding

110M 0
Mar 01, 2023

10-K filing | 117.2M shares outstanding

120M 0
Jan 19, 2023

8-K filing: Redwood Trust, Inc. filed Articles Supplementary classifying 2,990,000 shares of its authorized capital stock as Series A Preferred Stock and issued 2,800,000 shares of Series A Preferred Stock at a price of $25.00. ($67.15M proceeds)

120M 0
Nov 07, 2022

10-Q filing | 116.1M shares outstanding

120M 0
Aug 05, 2022

10-Q filing | 119.7M shares outstanding

120M 0
Jun 21, 2022

8-K filing: The company issued Notes to initial purchasers, which can be converted into a maximum of 23,143,159 shares of common stock, based on the initial maximum conversion rate of 107.6426 shares per $1,000 principal amount of Notes.

120M 0
Jun 09, 2022

8-K filing: Redwood Trust, Inc. issued $200 million of 7.75% Convertible Senior Notes due 2027 and used approximately $25.0 million of the net proceeds to repurchase approximately 2.7 million shares of Common Stock. ($25.0M proceeds)

120M 0
May 06, 2022

10-Q filing | 119.9M shares outstanding

120M 0
Feb 25, 2022

10-K filing | 113.2M shares outstanding

110M 0
Nov 04, 2021

10-Q filing | 113.0M shares outstanding

110M 0
Aug 04, 2021

10-Q filing | 112.9M shares outstanding

110M 0
May 07, 2021

10-Q filing | 112.3M shares outstanding

110M 0
Feb 26, 2021

10-K filing | 113.9M shares outstanding

110M 0
Nov 06, 2020

10-Q filing | 113.4M shares outstanding

110M 0
Aug 07, 2020

10-Q filing | 114.4M shares outstanding

110M 0
May 15, 2020

10-Q filing | 114.1M shares outstanding

110M 0
Mar 02, 2020

10-K filing | 84.9M shares outstanding

85M 0
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