Filing Flows › PennyMac Mortgage Investment Trust (PMT) › Q1 2025
PennyMac Mortgage Investment Trust (PMT) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
PennyMac Mortgage Investment Trust (PMT) reported revenue of $44.5M for the first quarter 2025 (Q1 2025), -40% from a year earlier and -59% from the quarter before. Operating margin was -14.2%, net earnings $9.7M (21.8% of revenue).
PennyMac Mortgage Investment Trust, Q1 2025: revenue $44.5M (-40% year over year), operating margin -14.2%, net earnings $9.7M, operating cash flow −$594M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.5M | -59% | -40% |
| Operating profit | −$6.3M | — | — |
| Net earnings | $9.7M | — | — |
| Operating cash flow | −$594M | — | — |
What changed
Revenue was $44.5M in Q1 2025, down 40% year over year and down 59% from the previous quarter.
Operating costs exceeded revenue by $6.3M, an operating margin of -14.2%. Total costs grew 21% against a revenue fall of 40%. Net earnings were $9.7M, down 80% year over year.
Operating cash flow was −$594.3M. Non-cash charges added back $1.0M of share-based compensation. Working capital and other items used $604.9M.
Questions
What was PennyMac Mortgage Investment Trust's revenue in the first quarter 2025?
PennyMac Mortgage Investment Trust (PMT) reported revenue of $44.5M for the first quarter 2025 (Q1 2025), -40% from a year earlier and -59% from the quarter before.
Was PennyMac Mortgage Investment Trust profitable in the first quarter 2025?
Operating loss was $6.3M (-14.2% of revenue) and net earnings $9.7M.
Source: PennyMac Mortgage Investment Trust 10-Q on SEC EDGAR.