Filing Flows › Claros Mortgage Trust (CMTG) › Q1 2025
Claros Mortgage Trust (CMTG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Claros Mortgage Trust (CMTG) reported revenue of $43.4M for the first quarter 2025 (Q1 2025), -26% from a year earlier and -28% from the quarter before. Operating margin was -181.3%, net loss $78.6M (181.3% of revenue).
Claros Mortgage Trust, Q1 2025: revenue $43.4M (-26% year over year), operating margin -181.3%, net loss $78.6M, operating cash flow −$35.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.4M | -28% | -26% |
| Operating profit | −$78.6M | — | — |
| Net earnings | −$78.6M | — | — |
| Operating cash flow | −$35.8M | — | — |
What changed
Revenue was $43.4M in Q1 2025, down 26% year over year and down 28% from the previous quarter.
Operating costs exceeded revenue by $78.6M, an operating margin of -181.3%. Total costs grew 9% against a revenue fall of 26%. The fastest-growing cost line was General & admin (+10%). The quarter ended with a net loss of $78.6M, narrower than the previous quarter's $100.7M loss.
Operating cash flow was −$35.8M. Non-cash charges added back $438K of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items added $37.3M.
Questions
What was Claros Mortgage Trust's revenue in the first quarter 2025?
Claros Mortgage Trust (CMTG) reported revenue of $43.4M for the first quarter 2025 (Q1 2025), -26% from a year earlier and -28% from the quarter before.
Was Claros Mortgage Trust profitable in the first quarter 2025?
Operating loss was $78.6M (-181.3% of revenue) and net loss $78.6M.