Filing Flows › Claros Mortgage Trust (CMTG) › Q1 2026
Claros Mortgage Trust (CMTG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Claros Mortgage Trust (CMTG) reported revenue of $29.5M for the first quarter 2026 (Q1 2026), -32% from a year earlier and -37% from the quarter before. Operating margin was -183.9%, net loss $54.3M (183.9% of revenue).
Claros Mortgage Trust, Q1 2026: revenue $29.5M (-32% year over year), operating margin -183.9%, net loss $54.3M, operating cash flow −$6.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.5M | -37% | -32% |
| Operating profit | −$54.3M | — | — |
| Net earnings | −$54.3M | — | — |
| Operating cash flow | −$6.5M | -370% | — |
What changed
Revenue was $29.5M in Q1 2026, down 32% year over year and down 37% from the previous quarter.
Operating costs exceeded revenue by $54.3M, an operating margin of -183.9%. Total costs fell 31% while revenue fell 32%. The quarter ended with a net loss of $54.3M, narrower than the previous quarter's $219.2M loss.
Operating cash flow was −$6.5M. Non-cash charges added back $6.4M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $39.0M.
Questions
What was Claros Mortgage Trust's revenue in the first quarter 2026?
Claros Mortgage Trust (CMTG) reported revenue of $29.5M for the first quarter 2026 (Q1 2026), -32% from a year earlier and -37% from the quarter before.
Was Claros Mortgage Trust profitable in the first quarter 2026?
Operating loss was $54.3M (-183.9% of revenue) and net loss $54.3M.