Filing Flows › PennyMac Mortgage Investment Trust (PMT) › Q4 2025
PennyMac Mortgage Investment Trust (PMT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
PennyMac Mortgage Investment Trust (PMT) reported revenue of $93.6M for the fourth quarter 2025 (Q4 2025), -13% from a year earlier and -6% from the quarter before. Operating margin was 38.6%, net earnings $52.4M (56.0% of revenue).
PennyMac Mortgage Investment Trust, Q4 2025: revenue $93.6M (-13% year over year), operating margin 38.6%, net earnings $52.4M, operating cash flow −$3.3B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $93.6M | -6% | -13% |
| Operating profit | $36.1M | -23% | -34% |
| Net earnings | $52.4M | -10% | +13% |
| Operating cash flow | −$3.3B | — | — |
What changed
Revenue was $93.6M in Q4 2025, down 13% year over year and down 6% from the previous quarter.
Operating profit was $36.1M, a 38.6% margin (down 12.5 points year over year). Total costs grew 9% against a revenue fall of 13%. Net earnings were $52.4M, up 13% year over year. The effective tax rate was -45.0%.
Operating cash flow was −$3,305.7M. Non-cash charges added back $1.3M of share-based compensation. Working capital and other items used $3,359.4M.
Questions
What was PennyMac Mortgage Investment Trust's revenue in the fourth quarter 2025?
PennyMac Mortgage Investment Trust (PMT) reported revenue of $93.6M for the fourth quarter 2025 (Q4 2025), -13% from a year earlier and -6% from the quarter before.
Was PennyMac Mortgage Investment Trust profitable in the fourth quarter 2025?
Operating profit was $36.1M (38.6% of revenue) and net earnings $52.4M.
Source: PennyMac Mortgage Investment Trust 10-K on SEC EDGAR.