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Granite Point Mortgage Trust logo

Granite Point Mortgage Trust Income Statement

Revenue, expenses, and profitability over time

Granite Point Mortgage Trust generated $12.4M in trailing twelve-month revenue, up 0.4% year-over-year. Net income was -$36.6M with a -294.84% net margin. Diluted EPS is $-1.06, which grew 0.7% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$12.4MNet Income (TTM)-$36.6MEps Diluted (TTM)$-1.06
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$70.0M
ROE-6.37%

Other

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Change in Other Liabilities$3.2M-$1.2M-$3.8M———
Share-Based Payment Tax Withholding Decrease——$912K———
Tax Withholding for Share-Based Payments—$374K$912K———
Common Stock Dividends Per Share$0.1$0.1$0.1———
Dividends per share declared$0.1$0.1$0.1———
Reclassifications Net of Tax-$565K-$27.4M-$6M———
Net Change in Cash and Restricted Cash-$22M—-$35.9M———
Number of Operating Segments——1.00———
ROU Asset Obtained - Operating Lease——$835K———
Number of reportable segments——1.00———
Dividends per share declared$0.1$0.1$0.1———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Interest Paid, Net$22.9M$20.7M$18M———
(Benefit from) provision for credit losses-$1.6M$14.4M-$216K———
Acquisition of working capital related to real estate owned——$0———
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation——$912K———
Amortization of Above Market Lease$74K$64K$57K———
Amortization Of Below Market Lease$14K$14K$14K———
Amortization Of Deferred Loan Origination Fees Net$962K$592K$1.7M———
Amortization Of Financing Costs And Discounts$723K$872K$778K———
Amortization of capitalized software and acquired intangible assets$922K$856K$778K———
Lease commissions$73K$98K$105K———
Stock options excluded as their inclusion would be anti-dilutive (in shares)——$0———
Dividends declared (in dollars per share)$0.1$0.1$0.1———
Comprehensive Income (Loss), Net of Tax, Attributable to Parent——-$6M———
Dividends, Common Stock, Cash$2.5M$2.6M$2.6M———
Effective tax rates-$0-$0————
Limitation on executive compensation$111.5K$111.5K————
Limitation on executive compensation-0.3%-0.3%————
Other$0$0————
Share-based compensation-0.3%-0.3%————
State income taxes – net of federal income tax benefit-$0-$0————
Gross charge-offs$19.8M$0————
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss And Off-Balance-Sheet, Credit Loss, Liability, Writeoff$19.8M$0————
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, And Off-Balance-Sheet, Credit Loss, Liability, Recovery$89.5K$89.5K$300K———
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery)$19.8M$0$0———
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery$89.5K$89.5K$300K———
Increase (decrease) in allowance for credit losses-$21.4M—$100K———
Financing Receivable, Excluding Accrued Interest And Off-Balance-Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal)-$1.6M$14.4M-$216K———
Loan assumed—$6.5M$1.4M———
Provision for credit losses-$1.3M$14.6M$1.1M———
Financing Receivable, Excluding Accrued Interest, Increase (Decrease) From Net Deferred Origination Fees-$949K-$460K-$128K———
Financing Receivable, Excluding Accrued Interest, Originated, More than Six Years before Current Fiscal Year, Writeoff$19.8M$0$0———
Purchases$12.7M$14M$14.3M———
Financing Receivable, Excluding Accrued Interest, Reclassification to Real Estate Owned$0$0————
Sales$103M$44.8M$176.5M———
Transfer of other investments to loans held-for-investment$182.5K$182.5K————
Financing Receivable, Excluding Accrued Interest, Transfers To Loans Held-for-sale, Net Of Discount At Time of Transfer$0$0$12.9M———
Transfers in of other investments from other assets$182.5K$182.5K————
Transfer of other receivables to loans held-for-investment$245K$245K————
Term loan by year, year 4$0$0$0———
Term loan by year, year 1$0$0$0———
Term loan by year, year 2$0$0$0———
Term loan by year, year 3$0$0$0———
Term loan by year, year 5——$0———
Financing Receivable, Held for Investment, Nonaccrual, Removal$35.5M$75M$150K———
Addition of nonaccrual loan amortized cost$20.2M$88.1M$65.9M———
Number of loans modified0.750.751.001.001.001.00
Impairment Of Real Estate$1.7M$1.7M————
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount-$2.2M-$2.2M————
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount-$19.8K-$19.8K————
Share-based compensation$137.8K$137.8K————
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount$18K$18K————
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount-$1.9M-$1.9M————
Increase Decrease In Accrued Interest Receivable Net$75K$0-$616K———
Increase (Decrease) in Other Operating Assets$2.5M—-$1.8M———
Other liabilities$3.2M-$1.2M-$3.8M———
Interest and Dividend Income, Operating$33.7M$29.1M$26M———
Loans held-for-investment$33M$28.4M$25.6M———
Beneficial interest issued by consolidated VIEs$12.2M$10.7M$9.1M———
Mortgage loan payable——$327K———
Secured credit facility$2.4M$2.1M$1.8M———
Deposits at banks$714K$633K$422K———
Interest Paid, Excluding Capitalized Interest, Operating Activity$22.9M$20.7M$18M———
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$116.8M-$29.9M-$207.1M———
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$90.3M$33M$173.6M———
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation—$3.1M-$2.4M———
Number of operating segments——$1———
Number of reportable segments——$1———
Lease income — operating leases$3.4M$2.7M$2.9M———
Other Depreciation and Amortization$2.2M$2.1M$2M———
Payment For Acquisition Costs, Real Estate, Held-for-Investment——$0———
Payments for Repurchase of Common Stock——$306K———
Payments of Ordinary Dividends, Common Stock$2.6M$2.6M$2.6M———
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$3.6M$3.6M$3.6M———
Payment, Tax Withholding, Share-Based Payment Arrangement—$374K$912K———
Payments to Acquire Loans and Leases Held-for-investment$11.3M$13.2M$13.8M———
Payments to Acquire Other Investments$657K-$3.2M$0———
Payment for Acquisition, Real Estate, Held-for-Investment$769K$1.4M$2.3M———
Preferred Stock Dividends Per Share Declared$0.44$0.44$0.44———
Principal Payments on Assets Sold under Agreements to Repurchase$36.3M$24.1M$91.7M———
Principal repayments of loans held-for-investment held by servicer——$0———
Proceeds From Issuance Of Secured Debt$4.5M$4.5M————
Repayments and sales of loans$103M$44.3M$176.9M———
Proceeds from Sale, Loan, Held-for-Investment——$12.9M———
Real estate income-$2.2M-$2.5M-$2.5M———
Expenses from real estate owned operations$5.8M$5.6M$5.8M———
Real Estate Owned, Property Operating Revenue$3.6M$3.1M$3.2M———
Transfers from loan held-for investment and receivables to real estate owned——$0———
Gross realized gains (losses)——-$18K———
Repayments of Accounts Receivable Securitization$66.7M$33.8M$108M———
Repurchase facilities$8.9M$8.5M$6.8M———
Servicing expenses$862K$894K$743K———
Stock-based compensation$896K$1M$910K———
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value$0.00—$1.53———
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value$0.00—$4.04———
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value$3.39—$5.04———
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture$896K$1M$910K———
Purchase price——$306K———
Straight Line Rent——$57K———
Loans reclassified to held for sale——$12.9M———
Cash Dividends, Common Stock$2.6M$2.6M$2.6M———
Other Comprehensive Income (Loss)——-$6M———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Stock Repurchased During Period, Value——$306K———

Earnings Per Share

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Common Stock Dividends Per Share (Declared)$0.1$0.1$0.1———
Undistributed Earnings Allocated to Participating Securities (Basic)-$194K-$193K-$163K———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Basic earnings per share$-0.01$-0.57$-0.13———
Diluted earnings per share$-0.01$-0.57$-0.13———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Dividends Per Share Declared$0.1$0.1$0.1———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Common stock dividends per share declared$0.1$0.1$0.1———
Dividends Per Share Declared$0.1$0.1$0.1———
Dividends per share declared$0.1$0.1$0.1———
Antidilutive Securities Excluded from EPS——0———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Dividends per share declared$0.1$0.1$0.1———
Dividends per share declared$0.1$0.1$0.1———
Dividends per Share Declared$0.1$0.1$0.1———
Dividends per share declared$0.05$0.05$0.05———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Common stock dividends per share declared$0.1$0.1$0.1———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Common Stock Dividends Per Share Declared$0.1$0.1$0.1———
Common stock dividends per share declared$0.1$0.1$0.1———
Weighted-average shares, basic47.4M—47.7M———
Weighted-average shares, diluted47.4M—47.7M———

Operating Expenses

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Stock-Based Compensation Expense$896K$1M$910K———
Amortization of Finite-Lived Intangible Assets$922K$856K$778K———
Share-Based Compensation Expense$896K$1M$910K———
Amortization expense$922K$856K$778K———
Stock-based compensation expense$896K$1M$910K———
Compensation and benefits$4.1M$4.3M$4.4M———
Depreciation and amortization$2.2M$2.2M$2M———
Other Costs and Expenses$1.8M$2.4M$2.9M———
Other operating charges$1.8M$2.4M$2.9M———
Stock-based compensation expense$896K$1M$910K———
Other operating expenses$1.8M—$2.9M———
Share-Based Compensation Expense$896K$1M$910K———
Provision for credit losses-$1.3M$14.6M$1.1M———
Other Operating Income$231K$350K$314K———
Share-Based Compensation$896K$1M$910K———
Total operating expenses$12.5M$19.9M$13.9M———

Operating Income

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Other operating income$231K$350K$314K———
Other Operating Income$231K$350K$314K———

Tax

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Effective Tax Rate (Continuing Operations)-$0-$0————
Effective Tax Rate-$0-$0————
Effective Tax Rate, Continuing Operations-$0-$0————
State and Local Income Taxes, Net$18K$18K————
Effective Income Tax Rate, Continuing Operations-$0-$0————
Tax Reconciliation, State and Local Taxes-$0-$0————
Effective Tax Rate (Continuing Operations)-$0-$0————
Income tax expense$62K$18K-$1K———
Effective Tax Rate (Continuing Operations)-$0-$0————
Tax Reconciliation - Tax Exempt Income4.8%4.8%————
Effective Tax Rate (Continuing Operations)-$0-$0————
Effective Income Tax Rate-$0-$0————
Effective Tax Rate, Continuing Operations-$0-$0————
Effective Tax Rate Continuing Operations-$0-$0————
Tax Reconciliation State and Local Taxes-$0-$0————

Net Income

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Net income applicable to common shareholders-$565K-$27.4M-$6M———
Common Dividends Declared (Per Share)$0.1$0.1$0.1———
Net Income Allocated to Common (Diluted)-$565K-$27.4M-$6M———
Common Stock Dividends$2.6M$2.6M$2.6M———
Cash Dividends, Common Stock$2.5M$2.6M$2.6M———
Income from Continuing Operations Available to Common Stockholders-$759K-$27.6M-$6.2M———
Net earnings to common-$565K-$27.4M-$6M———
Net Income Available to Common Stockholders (Diluted)-$565K-$27.4M-$6M———
Net Income Available to Common Shareholders-$565K-$27.4M-$6M———
Net income$3M-$23.8M-$2.4M———
Income from continuing operations-$759K-$27.6M-$6.2M———
Preferred stock dividends$3.6M$3.6M$3.6M———
Net income attributable to common stock-$565K-$27.4M-$6M———
Common Stock Dividends$2.6M$2.6M$2.6M———

Other Income & Expense

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Cash Paid for Interest$22.9M$20.7M$18M———
Net Interest Excluding Financing Segment$10.3M$7.5M$8M———
Interest expense$23.4M$21.6M$18M———
Net investment gains (losses)——-$18K———
Accretion (Amortization) of Investment Discounts and Premiums$1.4M$988K$2M———
Realized Investment Gains (Losses)——-$18K———
Interest expense, VIE beneficial interests$12.2M$10.7M$9.1M———
Other income (expense), net$5.3M-$11.3M$3.4M———
Interest income (expense), operating and non-operating$10.3M$7.5M$8M———

Income Before Tax

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Income before income taxes$3.1M-$23.8M-$2.4M———

Revenue

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Rental income-$2.2M-$2.5M-$2.5M———
Total interest income$33.7M$29.1M$26M———
Total revenue$3.4M$2.7M$2.9M———
Operating Lease Payment Income$2.2M$2M$2.1M———
Operating Lease Variable Income$1.2M$776K$792K———