Filing Flows › PennyMac Mortgage Investment Trust (PMT) › Q1 2026
PennyMac Mortgage Investment Trust (PMT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
PennyMac Mortgage Investment Trust (PMT) reported revenue of $82.1M for the first quarter 2026 (Q1 2026), +85% from a year earlier and -12% from the quarter before. Operating margin was 32.7%, net earnings $24.6M (30.0% of revenue).
PennyMac Mortgage Investment Trust, Q1 2026: revenue $82.1M (+85% year over year), operating margin 32.7%, net earnings $24.6M, operating cash flow −$2.5B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $82.1M | -12% | +85% |
| Operating profit | $26.9M | -26% | — |
| Net earnings | $24.6M | -53% | +154% |
| Operating cash flow | −$2.5B | — | — |
What changed
Revenue was $82.1M in Q1 2026, up 85% year over year and down 12% from the previous quarter.
Operating profit was $26.9M, a 32.7% margin (up 46.9 points year over year). Total costs grew 9% against revenue growth of 85%. Net earnings were $24.6M, up 154% year over year. The effective tax rate was 8.5%.
Operating cash flow was −$2,529.4M. Non-cash charges added back $1.1M of share-based compensation. Working capital and other items used $2,555.1M.
Questions
What was PennyMac Mortgage Investment Trust's revenue in the first quarter 2026?
PennyMac Mortgage Investment Trust (PMT) reported revenue of $82.1M for the first quarter 2026 (Q1 2026), +85% from a year earlier and -12% from the quarter before.
Was PennyMac Mortgage Investment Trust profitable in the first quarter 2026?
Operating profit was $26.9M (32.7% of revenue) and net earnings $24.6M.
Source: PennyMac Mortgage Investment Trust 10-Q on SEC EDGAR.