Filing Flows › PennyMac Mortgage Investment Trust (PMT) › Q2 2025
PennyMac Mortgage Investment Trust (PMT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
PennyMac Mortgage Investment Trust (PMT) reported revenue of $70.2M for the second quarter 2025 (Q2 2025), -1% from a year earlier and +58% from the quarter before. Operating margin was 24.2%, net earnings $7.5M (10.7% of revenue).
PennyMac Mortgage Investment Trust, Q2 2025: revenue $70.2M (-1% year over year), operating margin 24.2%, net earnings $7.5M, operating cash flow −$2.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70.2M | +58% | -1% |
| Operating profit | $17.0M | — | -41% |
| Net earnings | $7.5M | -22% | -70% |
| Operating cash flow | −$2.0B | — | — |
What changed
Revenue was $70.2M in Q2 2025, down 1% year over year and up 58% from the previous quarter.
Operating profit was $17.0M, a 24.2% margin (down 16.0 points year over year). Total costs grew 25% against a revenue fall of 1%. Net earnings were $7.5M, down 70% year over year. The effective tax rate was 55.7%.
Operating cash flow was −$2,015.6M. Non-cash charges added back $838K of share-based compensation. Working capital and other items used $2,024.0M.
Questions
What was PennyMac Mortgage Investment Trust's revenue in the second quarter 2025?
PennyMac Mortgage Investment Trust (PMT) reported revenue of $70.2M for the second quarter 2025 (Q2 2025), -1% from a year earlier and +58% from the quarter before.
Was PennyMac Mortgage Investment Trust profitable in the second quarter 2025?
Operating profit was $17.0M (24.2% of revenue) and net earnings $7.5M.
Source: PennyMac Mortgage Investment Trust 10-Q on SEC EDGAR.