Blackstone Mortgage Trust (BXMT) Balance Sheet: Assets & Liabilities

Blackstone Mortgage Trust (BXMT) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Blackstone Mortgage Trust reported total assets of $20.00B and total liabilities of $16.50B. Shareholders' equity was $3.50B, down 7.8% from $3.79B a year earlier. Total debt stood at $16.16B against $452.53M in cash and short-term investments, a net debt position of $15.71B. That puts debt-to-equity at 4.62, compared with 6.70 a year earlier.

Blackstone Mortgage Trust Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Blackstone Mortgage Trust, Inc. (BXMT) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	0.45	0.32	0.35	0.29	0.55	0.29	0.15	0.11	0.07
Cash & Short-Term Investments	0.45	0.32	0.35	0.29	0.55	0.29	0.15	0.11	0.07
Accounts Receivable	0.13	0.16	0.21	0.19	0.09	16.47	16.23	0.06	10.11
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	0.00
Other Current Assets	0.00	-0.48	-0.56	-0.48	-0.64	0.12	-16.38	0.00	-10.20
Total Current Assets	0.59	0.00	0.00	0.00	0.00	16.88	0.00	14.37	0.07
Non-Current Assets
Property, Plant & Equipment (Net)	0.04	0.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	18.04	0.00	0.00	0.00	0.08	0.08	0.00	0.10	0.00
Intangible Assets	0.12	0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	1.22	0.01	0.00	0.00	-0.08	0.00	0.00	-0.20	-0.07
Total Non-Current Assets	19.42	0.00	0.00	0.00	0.00	0.08	0.00	14.36	10.19
Total Assets	20.00	19.80	24.04	25.35	22.70	16.96	16.55	14.47	10.26
Current Liabilities
Accounts Payable	0.06	0.08	0.10	0.08	0.03	0.00	0.00	0.03	0.01
Short-Term Debt	10.12	9.70	12.68	13.53	12.28	0.06	0.15	8.91	0.00
Accrued Liabilities	0.08	0.10	0.03	0.11	0.06	-	-	-	-
Other Current Liabilities	0.10	0.08	-12.78	0.11	0.10	0.13	-0.15	-0.03	-0.02
Total Current Liabilities	10.27	0.00	0.00	0.00	0.00	0.19	0.00	0.00	0.00
Non-Current Liabilities
Long-Term Debt	6.05	15.72	6.62	20.38	17.85	12.85	12.44	10.96	7.20
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-11.09	-7.34
Other Non-Current Liabilities	0.18	-6.03	-6.62	-6.92	-5.62	0.01	-12.44	-2.05	-7.20
Total Non-Current Liabilities	6.23	0.00	0.00	0.00	0.00	12.86	0.00	0.00	0.00
Total Liabilities	16.50	16.01	19.65	20.81	18.08	13.05	12.77	11.09	7.34
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-1.95	-1.73	-1.15	-0.97	-0.79	-0.83	-0.59	-0.57	-0.57
Accumulated Other Comprehensive Income	0.01	0.01	0.01	0.01	0.01	0.01	-0.02	-0.03	-0.03
Additional Paid-in Capital	5.43	5.51	5.51	5.48	5.37	4.70	4.37	3.97	3.51
Minority Interest	0.01	0.01	0.02	0.03	0.03	0.02	0.02	0.01	0.01
Shares Outstanding	0.17	0.17	0.17	0.17	0.17	-	-	-	-
Total Stockholders' Equity	3.50	3.79	4.37	4.54	4.62	3.89	3.76	3.36	2.91
Total Liabilities & Equity	20.00	19.80	24.04	25.35	22.70	16.96	16.55	14.47	10.26

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Blackstone Mortgage Trust Balance Sheet

How much debt does Blackstone Mortgage Trust have?

Blackstone Mortgage Trust had total debt of $16.16B as of Dec 31, 2025, against $452.53M in cash and short-term investments. Its debt-to-equity ratio was 4.62. Total debt was $25.42B a year earlier.

What are Blackstone Mortgage Trust's total assets?

Blackstone Mortgage Trust reported total assets of $20.00B as of Dec 31, 2025, up 1.0% from $19.80B a year earlier. Total liabilities were $16.50B.

What is Blackstone Mortgage Trust's shareholders' equity?

Blackstone Mortgage Trust's shareholders' equity was $3.50B as of Dec 31, 2025, or about $20.79 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition