MITT · XBRL financial data
TPG Mortgage Investment Trust financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (MITT's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Interest expense | 37 | 27 | 119 | 213 | — | — |
| Other income (expense) | 0 | 0 | 0 | — | — | — |
| Income tax expense (benefit) | — | 0 | 0 | 0 | 0 | 1 |
| Net income (loss) | (421) | 104 | (53) | 54 | 56 | 49 |
| Earnings per share, basic‡ USD per share | (36.72) | 5.29 | (3.12) | 1.68 | 1.23 | 0.90 |
| Earnings per share, diluted‡ USD per share | (36.72) | 5.29 | (3.12) | 1.68 | 1.23 | 0.90 |
| Weighted average shares, basic‡ millions of shares | 12 | 16 | 23 | 21 | 29 | 31 |
| Weighted average shares, diluted‡ millions of shares | 12 | 16 | 23 | 21 | 30 | 31 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-3.0003000300030003 stock split (July 2021); filings made before it reported them unadjusted.
Balance sheet
CSVFiscal years (MITT's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 48 | 68 | 85 | 112 | 119 | 58 |
| Total assets | 1,400 | 3,363 | 4,370 | 6,126 | 6,914 | 8,712 |
| Total liabilities | 990 | 2,792 | 3,907 | 5,598 | 6,370 | 8,151 |
| Accumulated deficit | (518) | (447) | (536) | (516) | (502) | (500) |
| Total stockholders' equity | 410 | 570 | 463 | 528 | 543 | 561 |
| Total liabilities and equity | 1,400 | 3,363 | 4,370 | 6,126 | 6,914 | 8,712 |
| Common shares outstanding (cover page)‡ millions of shares | 14 | 24 | 21 | 29 | 30 | 32 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-3.0003000300030003 stock split (July 2021); filings made before it reported them unadjusted.
Cash flows
CSVFiscal years (MITT's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (421) | 104 | (53) | 54 | 56 | 49 |
| Stock-based compensation | 0 | 0 | 0 | 0 | 1 | 1 |
| Net cash from operating activities | 4 | 26 | 23 | 28 | 56 | 60 |
| Net cash from investing activities | 2,193 | (1,900) | (1,490) | (434) | (713) | (1,667) |
| Proceeds from issuing common stock | 7 | 93 | 0 | — | — | — |
| Share repurchases | 0 | 4 | 18 | 6 | 0 | — |
| Dividends paid | 15 | 11 | 19 | 17 | 18 | 24 |
| Net cash from financing activities | (2,261) | 1,911 | 1,466 | 432 | 670 | 1,545 |
| Net change in cash | (63) | 38 | (1) | — | — | — |
Compare with peers
SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| TPG Mortgage Investment Trust | 62 | not reported | 24* | 31.8M | 10-QJun 30, 2026 |
| NewLake Capital Partners | 26 | 12 | 10* | 20.6M | 10-QJun 30, 2026 |
| Chicago Atlantic Real Estate Finance | 13 | not reported | 9.1* | 25.6M | 10-QJun 30, 2026 |
| Alpine Income Property Trust | 12 | 20 | 2* | 17.9M | 10-QSep 30, 2026 |
| FrontView REIT | 6 | 18 | 11* | 24.5M | 10-QJun 30, 2026 |
| Ares Commercial Real Estate | 18 | 14 | 64* | 55.5M | 10-QJun 30, 2026 |
| JOINT | 22 | not reported | 2.2* | 14.1M | 10-QJun 30, 2026 |
| BRT Apartments | 23 | 24 | 6.3* | 18.8M | 10-QJun 30, 2026 |
| Braemar Hotels & Resorts | 94 | 171 | 21* | 68.7M | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.