PennyMac Mortgage Investment Trust (PMTV) Financial Statements (2025 and earlier)

Company Profile

Business Address 3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments409,423364,137226,982184,999194,892134,695
Cash and cash equivalent281,085111,86658,98357,704104,05659,845
Short-term investments128,338252,271167,999127,29590,83674,850
Total current assets:409,423364,137226,982184,999194,892134,695
Noncurrent Assets
Other undisclosed assets12,704,46413,557,42713,545,72611,307,01211,576,4597,678,666
TOTAL ASSETS:13,113,88713,921,56413,772,70811,492,01111,771,3517,813,361
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5,627,8076,618,6396,674,5416,317,9287,005,9865,081,691
Total current liabilities:5,627,8076,618,6396,674,5416,317,9287,005,9865,081,691
Noncurrent Liabilities
Liabilities, other than long-term debt198,333153,59817,21829,4222,078 
Deferred income tax liabilities198,333153,59817,21829,4222,078
Total noncurrent liabilities:198,333153,59817,21829,4222,078 
Other undisclosed liabilities5,330,6575,186,5124,713,4312,847,8022,312,3721,165,538
Total liabilities:11,156,79711,958,74911,405,1909,195,1529,320,4366,247,229
Equity
Equity, attributable to parent, including:1,957,0901,962,8152,367,5182,296,8592,450,9151,566,132
Preferred stock541,482541,482541,482299,707299,707299,707
Common stock8668899499791,002610
Additional paid in capital1,923,4371,947,26650,3002,096,9072,127,8891,285,533
Retained earnings (accumulated deficit)(508,695)(526,822)(256,670)(100,734)22,317(19,718)
Other undisclosed equity, attributable to parent   2,031,457   
Total equity:1,957,0901,962,8152,367,5182,296,8592,450,9151,566,132
TOTAL LIABILITIES AND EQUITY:13,113,88713,921,56413,772,70811,492,01111,771,3517,813,361

Income Statement (P&L) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,356,6821,062,097878,5761,067,090812,582351,067
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset676,446651,251595,346462,517319,489212,725
Gain on disposition of assets for financial service operations39,85725,69287,273379,922170,16459,185
Net investment income639,907383,794195,239222,135317,885222,772
Gross profit:1,356,6821,062,097878,5761,067,090812,582351,067
Operating expenses(184,625)(240,684)(375,636)(389,621)(298,174)(193,079)
Operating income:1,172,057821,413502,940677,469514,408157,988
Nonoperating income (expense)177,913(658,291)3,0755,465(119,642) 
Investment income, nonoperating 178,099(658,787)  263,318 
Gains (losses) on sales of other real estate(186)4963,0755,465771 
Mortgage servicing rights (msr) impairment (recovery)     (383,731) 
Interest and debt expense (735,968)(410,420)(304,737)1,738(297,446)(175,171)
Income (loss) from continuing operations before equity method investments, income taxes:614,002(247,298)201,278684,67297,320(17,183)
Other undisclosed income (loss) from continuing operations before income taxes(369,607)310,385(156,617)(604,942)93,321175,171
Income from continuing operations before income taxes:244,39563,08744,66179,730190,641157,988
Income tax expense (benefit)(44,741)(136,374)12,193(27,357)35,716(5,190)
Income (loss) from continuing operations:199,654(73,287)56,85452,373226,357152,798
Income before gain (loss) on sale of properties:56,85452,373226,357152,798
Net income (loss) attributable to parent:199,654(73,287)56,85452,373226,357152,798
Preferred stock dividends and other adjustments  (41,819)(30,891)(24,938)(24,938)(24,938)
Other undisclosed net loss available to common stockholders, basic(42,273)(408)(318)(287)(566)(750)
Net income (loss) available to common stockholders, basic:157,381(115,514)25,64527,148200,853127,110
Interest on convertible debt 25,055   11,82710,637
Other undisclosed net loss available to common stockholders, diluted (44)     
Net income (loss) available to common stockholders, diluted:182,392(115,514)25,64527,148212,680137,747

Comprehensive Income ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):199,654(73,287)56,85452,373226,357152,798
Comprehensive income (loss), net of tax, attributable to parent:199,654(73,287)56,85452,373226,357152,798

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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