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PennyMac Mortgage Investment Trust logo

PennyMac Mortgage Investment Trust Income Statement

Revenue, expenses, and profitability over time

PennyMac Mortgage Investment Trust generated $345.1M in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $142.8M with a 41.38% net margin. Diluted EPS is $1.16, which grew 0.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$345.1MNet Income (TTM)$142.8MEps Diluted (TTM)$1.16
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$912.1M
P/E Ratio6.39
ROE7.58%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Expense, Net-$10.6M-$3M-$5.1M-$4.4M-$334K-$3.3M
Stock-Based Compensation Expense$471K$963K$838K$812K$1.3M$1.1M
Share-Based Compensation Expense$471K$963K$838K$812K$1.3M$1.1M
Compensation and benefits$997K$3M$2.8M$2.8M$3.3M$3M
Stock-based compensation expense$471K$963K$838K$812K$1.3M$1.1M
Other operating income (expense), net-$10.6M-$3M-$5.1M-$4.4M-$334K-$3.3M
Mortgage Loan Collection And Liquidation Expenses$2.5M$2M$2.4M$1.5M$2.4M$2.1M
Safekeeping Expense$1.3M$1.1M$1.2M$1.2M$1.1M$855K
Other operating expenses$52.8M$50.8M$53.2M$52.2M$57.5M$55.2M
Professional fees$6M$7M$8.4M$8.6M$13.8M$13.5M
Share-Based Compensation$471K$963K$838K$812K$1.3M$1.1M
Total operating expenses$52.8M$50.8M$53.2M$52.2M$57.5M$55.2M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Income-$10.6M-$3M-$5.1M-$4.4M-$334K-$3.3M
Other operating income (expense), net-$10.6M-$3M-$5.1M-$4.4M-$334K-$3.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Tax Withholding for Share-Based Payments—$1.1M———$1.1M
Income Taxes Paid, Net$272K$109K$1.9M$195K$108K$78K
Interest Paid, Net$147.3M$220.3M$178.1M$217.2M$235M$288.6M
Amortization Of Financing Costs And Discounts$6.4M$3.9M$4.3M$7.1M$4.8M$4.8M
Contractually specified servicing fees, late charges and ancillary fees$164.4M$156.1M$158.2M$155.8M$155.3M$151M
Net gains/(losses) on sales of loans$26.4M$12.3M$17.8M$14.9M$7.2M$22.9M
Gains from sale of other real estate classified as OREO-$282K-$141K$0-$27K—-$48K
Hedging Gains And Losses On Mortgage Servicing Assets Net-$51.2M-$39.9M-$60.6M-$27.4M-$45M-$11.9M
Income Taxes Paid, Net$272K$109K$1.9M$195K$108K$78K
Accounts payable and other current liabilities—-$33.7M$36.1M-$6.3M$32.6M-$31.4M
Due to affiliates—-$1M$1.4M$9.6M-$23M$378K
Income taxes—-$16.1M—-$11.5M-$16.4M$2.2M
Increase (Decrease) in Other Operating Assets$371M-$266.7M——$162.2M$2M
Interest Income (Expense), Operating-$24M-$6M-$8.7M$1.7M-$6.5M-$3.7M
Interest Income Operating$163.1M$176.1M$196.5M$230.1M$248.3M$276.1M
Interest Paid, Excluding Capitalized Interest, Operating Activity$147.3M$220.3M$178.1M$217.2M$235M$288.6M
Loan Originations Fees$4M$3.2M$3.4M$3.1M$2.9M$2.4M
Loan-related expense$914K$686K$666K$794K$132K$213K
Mortgage Loan Other Servicing Fees$4.9M$3.9M$5.1M$4.4M$4M$3.4M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$1.3B$464.3M$1.9B$1.6B$2.8B$1.2B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$282M$40.2M$272.9M-$436.2M$552.7M$1.3B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation-$1.6B-$594.3M-$2B-$1.3B-$3.3B-$2.5B
Membership and other income$55K$53K$51K$97K$41K$33K
Other income, net-$10.6M-$3M-$5.1M-$4.4M-$334K-$3.3M
Payments of Debt Issuance Costs$10.2M$6.6M$4.7M$2.8M$1.9M$3.9M
Payments of Ordinary Dividends, Common Stock$34.9M$34.8M$34.8M$34.8M$34.8M$34.8M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$10.5M$10.5M$10.5M$10.5M$10.5M$10.5M
Payment, Tax Withholding, Share-Based Payment Arrangement—$1.1M———$1.1M
Increase (decrease) in notes payable, net$168.5M$0$50M$100M$225M$251.7M
Residential mortgage loan sales$3.1B$2.6B$2.4B$2.5B$2.8B$2.2B
Receipt Of Mortgage Servicing Rights As Proceeds From Sales Of Loans-$59.5M-$47M-$44M-$45.7M-$53.4M-$40.3M
Repayments of Notes Payable$69.4M$248M$68.6M$519M$216.4M$111.9M
Servicing Asset at Fair Value, Period Increase (Decrease)—-$144.6M-$75.1M-$116.4M-$77.6M-$61.3M
Servicing Income Loss Net Of Valuation Adjustments$207.4M-$27.2M$23.9M$15.4M$36.8M$83.6M
Stock-based compensation$471K$963K$838K$812K$1.3M$1.1M
Cash Dividends, Common Stock$34.9M$34.8M$34.8M$34.8M$34.8M$34.8M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Income Taxes$272K$109K$1.9M$195K$108K$78K
Income Taxes Paid, Net$272K$109K$1.9M$195K$108K$78K
Income tax expense—-$16M$9.5M-$11.3M-$16.2M$2.3M
Income Taxes Paid, Net$272K$109K$1.9M$195K$108K$78K
Income and Other Taxes$272K$109K$1.9M$195K$108K$78K

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Interest$147.3M$220.3M$178.1M$217.2M$235M$288.6M
Gain (loss) on disposal of assets—$62.3M$33.7M$64.1M—-$23.1M
Interest expense$187.1M$182.1M$205.1M$228.4M$254.7M$279.8M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends$34.9M$34.8M$34.8M$34.8M$34.8M$34.8M
Net income$46.5M$9.7M$7.5M$58.3M$52.4M$24.6M
Preferred stock dividends$10.5M$10.5M$10.5M$10.5M$10.5M$10.5M
Common Stock Dividends$34.9M$34.8M$34.8M$34.8M$34.8M$34.8M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.42$-0.01$-0.04$0.55$0.49$0.16
Diluted earnings per share$0.42$-0.01$-0.04$0.55$0.49$0.16
Weighted-average shares, basic86.8M86.9M87M87M87M87.1M
Weighted-average shares, diluted86.8M86.9M87M87M87M87.1M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$55.1M-$6.3M$17M$47M$36.1M$26.9M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on sale of loans$26.4M$12.3M$17.8M$14.9M$7.2M$22.9M
Mortgage servicing fees$159.6M$152.2M$153.1M$151.4M$151.3M$147.6M
Net interest income-$24M-$6M-$8.7M$1.7M-$6.5M-$3.7M
Total interest income$163.1M$176.1M$196.5M$230.1M$248.3M$276.1M
Total revenue$107.9M$44.5M$70.2M$99.2M$93.6M$82.1M
Membership and other income$55K$53K$51K$97K$41K$33K