Income StatementBalance SheetCash FlowSegments
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TPG Mortgage Investment Trust Income Statement

Revenue, expenses, and profitability over time

TPG Mortgage Investment Trust generated $501.0M in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $33.6M with a 6.71% net margin. Diluted EPS is $0.41, which declined 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$501.0MNet Income (TTM)$33.6MEps Diluted (TTM)$0.41
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$247.7M
P/E Ratio7.37
ROE6.18%

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$8.8M$6.2M-$1.4M$14.6M$8.0M-$8.7M
Net earnings to common$8.8M$6.2M-$1.4M$14.6M$8.0M-$8.7M
Net Income Available to Common Shareholders$8.8M$6.2M-$1.4M$14.6M$8.0M-$8.7M
Net income$14.3M$11.5M$3.9M$20.0M$13.3M-$3.6M
Preferred stock dividends$5.5M$5.3M$5.3M$5.3M$5.3M$5.2M
Net income attributable to common stock$8.8M$6.2M-$1.4M$14.6M$8.0M-$8.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reclassifications Net of Tax$8.8M$6.2M-$1.4M$14.6M$8.0M-$8.7M
Interest Income (Expense), Operating$17.4M$18.8M$17.8M$19.5M$20.5M$20.6M
Interest Income Operating$105.7M$109.1M$110.9M$124.7M$135.6M$129.8M
Investment expenses$3.3M$3.4M$3.5M$4.3M$4.4M$4.3M
Management fees$1.9M$2.3M———$2.3M
Noninterest Expense$8.7M$10.1M$11.3M$11.2M$10.4M$9.8M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.29$0.21$-0.05$0.47$0.26$-0.27
Diluted earnings per share$0.30$0.21$-0.05$0.47$0.26$-0.27
Weighted-average shares, basic14K29.7M29.7M31M406K31.7M
Weighted-average shares, diluted14K29.7M29.7M31.1M404K31.7M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$1.0M$1.2M$231.0K$1.6M$0.0$2.0M
Interest expense$88.3M$90.3M$93.1M$105.2M$115.2M$109.2M
Investment And Derivative, Realized Gain (Loss), FVO—$10.0K-$3.5M-$3.6M-$4.0M-$118.0K
Investment, Unrealized Gain (Loss), FVO—$802.0K-$40.0K$13.2M$6.9M-$16.5M
Other income (expense), net$4.6M$1.5M-$2.7M$10.7M$3.7M-$16.2M
Included within Net interest component of interest rate swaps-$1.2M-$737.0K-$821.0K-$1.1M-$781.0K-$402.0K

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$14.3M$11.5M$3.7M$20.7M$13.4M-$3.4M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$54.0K$28.0K$26.0K$689.0K$145.0K$182.0K

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$17.4M$18.8M$17.8M$19.5M$20.5M$20.6M
Total interest income$105.7M$109.1M$110.9M$124.7M$135.6M$129.8M
Total revenue$105.7M$109.1M$110.9M$124.7M$135.6M$129.8M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-investment related expenses$2.1M$3.3M$2.5M$2.6M$2.4M$2.7M
Transaction related expenses$1.0M$1.1M$3.0M$2.0M$1.3M$574.0K
Total operating expenses$8.7M$10.1M$11.3M$11.2M$10.4M$9.8M