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PennyMac Mortgage Investment Trust logo

PennyMac Mortgage Investment Trust Cash Flow Statement

Operating, investing, and financing cash movements

PennyMac Mortgage Investment Trust generated -$9.1B in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)-$9.1BNet Cash From Investing (TTM)$1.7BNet Cash From Financing (TTM)$7.5BNet Change In Cash (TTM)$10.3M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$912.1M
P/E Ratio6.39
ROE7.58%

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from convertible debt$54.1M$172.5M$105M$0$150M$0
Proceeds from issuance of debt$54.1M$172.5M$105M$0$150M$0
Repayments of debt$69.4M$248M$68.6M$519M$216.4M$111.9M
Dividends paid$34.9M$34.8M$34.8M$34.8M$34.8M$34.8M
Dividends paid on preferred stock$10.5M$10.5M$10.5M$10.5M$10.5M$10.5M
Changes in money pool with Exelon—-$1M$1.4M$9.6M-$23M$378K
Payments Of Debt Issuance Costs$10.2M$6.6M$4.7M$2.8M$1.9M$3.9M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$10.5M$10.5M$10.5M$10.5M$10.5M$10.5M
Proceeds From Issuance Of Mortgage Loan Participation Purchase And Sale Agreements$475M$295.9M$312.7M$56.5M$0$0
Proceeds From Sale Of Assets Under Agreements To Repurchase$30B$34.8B$37.2B$16.7B$12.7B$13.7B
Repayment Of Mortgage Loan Participation Purchase And Sale Agreements$492.3M$302.9M$308.8M$65M$0$0
Repayments Of Assets Sold Under Agreements To Repurchase$29.2B$35.1B$36.6B$15.8B$12.4B$14.4B
Repayments Of Notes Payable$69.4M$248M$68.6M$519M$216.4M$111.9M
Repayments of Unsecured Debt$52.5M$0———$345M
Proceeds from Secured Long-Term Debt$783.4M$940.5M$1.3B$1.4B$2.7B$2.7B
Repayments of Secured Debt$25.9M$41.3M$102.1M$150.6M$339.7M$511.1M
Proceeds from Notes Payable$168.5M$0$50M$100M$225M$251.7M
Net cash from financing activities$1.3B$464.3M$1.9B$1.6B$2.8B$1.2B
Payment of debt issuance costs$10.2M$6.6M$4.7M$2.8M$1.9M$3.9M
Repurchases of common stock$0$0$0$0$0—
Taxes paid for net share settlement—$1.1M———$1.1M
Proceeds from Issuance of Secured Debt$783.4M$940.5M$1.3B$1.4B$2.7B$2.7B

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of debt issuance costs$6.4M$3.9M$4.3M$7.1M$4.8M$4.8M
Amortization of Investment Discount and Premium—$10.8M$4.6M$11.7M$4.5M$3.1M
Accretion (amortization) of discounts and premiums on investments—$10.8M$4.6M$11.7M$4.5M$3.1M
Change in accounts payable—-$33.7M$36.1M-$6.3M$32.6M-$31.4M
Change in income taxes payable/receivable—-$16.1M—-$11.5M-$16.4M$2.2M
Change in other assets$371M-$266.7M——$162.2M$2M
Accretion (Amortization) of Investment Discounts and Premiums—$10.8M$4.6M$11.7M$4.5M$3.1M
Net cash from operating activities-$1.6B-$594.3M-$2B-$1.3B-$3.3B-$2.5B
Net income$46.5M$9.7M$7.5M$58.3M$52.4M$24.6M
Accretion (Amortization) of Discounts and Premiums, Investments—$10.8M$4.6M$11.7M$4.5M$3.1M
Non-cash interest expense$6.4M$3.9M$4.3M$7.1M$4.8M$4.8M
Change In Fair Value Of Mortgage Servicing Rights—-$144.6M-$75.1M-$116.4M-$77.6M-$61.3M
Gain Loss On Investments And Financings—$62.3M$33.7M$64.1M$53M-$23.1M
Gain (Loss) on Sales of Loans, Net$26.4M$12.3M$17.8M$14.9M$7.2M$22.9M
Gains (Losses) on Sales of Other Real Estate-$282K-$141K$0-$27K—-$48K
Hedging Gains And Losses On Mortgage Servicing Asset Net$51.2M$39.9M$60.6M$27.4M$45M$11.9M
Increase (Decrease) in Other Operating Assets$371M-$266.7M——$162.2M$2M
Increase Decrease In Servicing Advances—-$20.2M-$14.2M-$8.8M—-$17.6M
Payments To Purchase Mortgage Loans Held For Sale Nonaffiliates$28.4B$23.3B$30.3B$5.4B$520.1M$453.2M
Proceeds From Repurchase Of Mortgage Loans Subject To Representation And Warranties-$10.1M-$4.8M-$8.3M-$8M-$4.8M-$3.6M
Accretion (Amortization) of Investment Discounts and Premiums—$10.8M$4.6M$11.7M$4.5M$3.1M
Stock-based compensation$471K$963K$838K$812K$1.3M$1.1M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from Derivative Instrument Investing Activities$9.7M-$2.8M—-$2.5M—$1M
Payments for (Proceeds from) Derivative Instruments, Investing$9.7M-$2.8M—-$2.5M—$1M
Distribution From Credit Risk Transfer Arrangements$39.2M$35.3M$35.9M$44M$36.3M$50.6M
Increase Decrease In Margin Deposits Outstanding Investing Activities-$141.6M$41.8M$53.4M—$26.9M-$27.1M
Payments for (Proceeds from) Derivative Instrument, Investing Activities$9.7M-$2.8M—-$2.5M—$1M
Payments to Acquire Mortgage-Backed Securities (MBS), Available-for-Sale$158.2M$0$37.1M$905.4M$0$4M
Proceeds From Sale And Repayments Of Mortgage Backed Securities$243.8M$102.8M———$666.3M
Proceeds From Sale Of Mortgage Loans Held For Sale$3.1B$2.6B$2.4B$2.5B$2.8B$2.2B
Proceeds From Sale Of Real Estate Acquired In Settlement Of Loans$743K$46K$640K$0$547K$117K
Transfer Of Mortgage Servicing Rights Relating To Delinquent Loans To Agency$220K$221K$170K$284K$201K$295K
Net cash from investing activities$282M$40.2M$272.9M-$436.2M$552.7M$1.3B
Payments for (Proceeds from) Short-Term Investments—$101M—$72.5M$9.5M-$2.8M
Investing Cash Flows from Derivatives$9.7M-$2.8M—-$2.5M—$1M
Proceeds from Principal Repayments on Loans and Leases$26.5M$42.3M$103.6M$153.6M$353.1M$523.9M
Payments for (Proceeds from) Derivative Instruments, Investing$9.7M-$2.8M—-$2.5M—$1M
Payments for (Proceeds from) Derivative Instruments, Investing$9.7M-$2.8M—-$2.5M—$1M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$272K$109K$1.9M$195K$108K$78K

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—-$89.8M$115M-$99.4M—-$58M
Recognition Of Loans Held For Investment Resulting From Initial Consolidation Of Variable Interest Entities$847.7M$1B$1.4B$1.5B$2.9B$2.9B