Filing Flows › Claros Mortgage Trust (CMTG) › Q2 2025
Claros Mortgage Trust (CMTG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Claros Mortgage Trust (CMTG) reported revenue of $51.6M for the second quarter 2025 (Q2 2025), -20% from a year earlier and +19% from the quarter before. Operating margin was -351.9%, net loss $182M (351.9% of revenue).
Claros Mortgage Trust, Q2 2025: revenue $51.6M (-20% year over year), operating margin -351.9%, net loss $182M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.6M | +19% | -20% |
| Operating profit | −$182M | — | — |
| Net earnings | −$182M | — | — |
| Operating cash flow | −$5.8M | — | — |
What changed
Revenue was $51.6M in Q2 2025, down 20% year over year and up 19% from the previous quarter.
Operating costs exceeded revenue by $181.7M, an operating margin of -351.9%. Total costs grew 207% against a revenue fall of 20%. The fastest-growing cost line was Other operating costs (+221%). The quarter ended with a net loss of $181.7M, wider than the previous quarter's $78.6M loss.
Operating cash flow was −$5.8M. Non-cash charges added back $845K of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items added $170.2M.
Questions
What was Claros Mortgage Trust's revenue in the second quarter 2025?
Claros Mortgage Trust (CMTG) reported revenue of $51.6M for the second quarter 2025 (Q2 2025), -20% from a year earlier and +19% from the quarter before.
Was Claros Mortgage Trust profitable in the second quarter 2025?
Operating loss was $182M (-351.9% of revenue) and net loss $182M.