TPG Mortgage Investment Trust (MITT) Financial Statements & Analysis

TPG Mortgage Investment Trust (MITT) Income Statement

TPG Mortgage Investment Trust reported revenue of $75.67M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 16.6% from $90.69M a year earlier. Net income was $48.67M, up 33.8% year over year, a net margin of 64.3%. Gross margin was 591.8% and operating margin 605.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $19.44M, down 82.0% from the same quarter a year earlier.

TPG Mortgage Investment Trust Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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TPG Mortgage Investment Trust, Inc. income statement - Annual data in millions 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
Revenue & Gross Profit
Revenue	75.67	90.69	274.71	256.77	96.18	-181.26	147.30	127.41	114.75
Cost of Revenue	24.89	21.06	17.52	17.29	13.61	12.67	11.44	9.98	10.07
Gross Profit	447.80	392.14	257.19	239.48	53.91	-193.93	135.85	117.43	104.68
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.14	31.68	7.71	8.10	2.14	0.00	0.00	0.00	0.00
Operating Expenses	-10.03	-6.34	8.63	146.93	-52.95	180.41	26.11	121.60	-8.85
Operating Income	457.84	69.28	248.56	92.55	106.86	-374.34	109.75	-4.18	113.54
Other Income/Expense
Interest Income	480.33	408.50	260.33	180.30	70.66	74.53	171.66	156.48	128.85
Interest Expense	403.80	342.60	212.50	118.92	27.25	36.95	90.11	70.50	43.72
Other Income/Expense	-408.28	-342.63	-194.78	-145.65	-2.68	-47.25	-12.41	7.68	5.02
Income
Income Before Tax	49.56	55.85	53.78	-53.10	72.30	-421.59	97.34	3.50	118.56
Income Tax Expense	0.89	-0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	48.67	36.38	53.78	-53.10	104.19	-420.92	92.92	1.57	118.56
Net Income - Continuous Operations	48.67	55.74	53.78	-53.10	104.19	-420.92	92.92	1.57	118.56
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	476.32	0.00	266.28	71.28	137.52	-384.64	191.56	76.34	172.67
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	22.97	0.00	0.00	5.46	6.08	0.00	4.11	2.34	10.39
Earnings Per Share
Basic EPS	1.00	1.00	2.00	-3.00	5.00	-37.00	7.00	-	11.00
Diluted EPS	1.00	1.00	2.00	-3.00	5.00	-37.00	7.00	-	11.00
Basic Shares Outstanding	30.54	29.49	21.10	17.01	16.23	11.73	10.73	9.46	9.29
Diluted Shares Outstanding	30.56	29.51	21.10	22.89	16.23	11.73	10.73	9.46	9.29

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

Frequently Asked Questions About TPG Mortgage Investment Trust Financial Statements

What was TPG Mortgage Investment Trust's revenue in fiscal 2025?

TPG Mortgage Investment Trust reported revenue of $75.67M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 16.6% from $90.69M a year earlier.

Is TPG Mortgage Investment Trust profitable?

Yes. TPG Mortgage Investment Trust earned net income of $48.67M in fiscal 2025, a net margin of 64.3%. In fiscal 2024 it earned $36.38M.

What is TPG Mortgage Investment Trust's operating margin?

TPG Mortgage Investment Trust's operating income was $457.84M on revenue of $75.67M in fiscal 2025, an operating margin of 605.0%, compared with 76.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition