Filing Flows › PennyMac Mortgage Investment Trust (PMT) › Q3 2025
PennyMac Mortgage Investment Trust (PMT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
PennyMac Mortgage Investment Trust (PMT) reported revenue of $99.2M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +41% from the quarter before. Operating margin was 47.4%, net earnings $58.3M (58.7% of revenue).
PennyMac Mortgage Investment Trust, Q3 2025: revenue $99.2M (+23% year over year), operating margin 47.4%, net earnings $58.3M, operating cash flow −$1.3B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $99.2M | +41% | +23% |
| Operating profit | $47.0M | +176% | +77% |
| Net earnings | $58.3M | +674% | +41% |
| Operating cash flow | −$1.3B | — | — |
What changed
Revenue was $99.2M in Q3 2025, up 23% year over year and up 41% from the previous quarter.
Operating profit was $47.0M, a 47.4% margin (up 14.5 points year over year). Of the extra revenue versus a year earlier, 111% reached operating profit, above the 33% margin then. Total costs fell 4% while revenue rose 23%. Net earnings were $58.3M, up 41% year over year. The effective tax rate was -24.0%.
Operating cash flow was −$1,297.6M. Non-cash charges added back $812K of share-based compensation. Working capital and other items used $1,356.7M.
Questions
What was PennyMac Mortgage Investment Trust's revenue in the third quarter 2025?
PennyMac Mortgage Investment Trust (PMT) reported revenue of $99.2M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +41% from the quarter before.
Was PennyMac Mortgage Investment Trust profitable in the third quarter 2025?
Operating profit was $47.0M (47.4% of revenue) and net earnings $58.3M.
Source: PennyMac Mortgage Investment Trust 10-Q on SEC EDGAR.