TPG Mortgage Investment Trust Inc 9.500% Senior Notes due 2029
Real EstateNYSE:MITN · New York Stock Exchange
+$0.02 today
Vol 0.01M · Avg 0.01M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$399.8M of revenue converted into $33.6M of net income for the selected period. Gross margin is 95.6% and net margin is 12.5%, showing how much revenue survives after costs and taxes. EPS is $0.40, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $472.7M +14.4% | $413.2M +549.1% | $63.7M +29100.0% | $218.0K -99.8% | $103.0M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $35.7M +69.6% | $21.1M | $0 | $0 | $0 | $725.6M | $804.0M | $882.4M |
| Gross Profit | $437.0M +11.4% | $392.1M +516.0% | $63.7M +29100.0% | $218.0K -99.8% | $103.0M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 92.4% -2.5pp | 94.9% -5.1pp | 100.0% +0.0pp | 100.0% +0.0pp | 100.0% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 -100.0% | $7.5M -2.3% | $7.7M -4.8% | $8.1M +18.8% | $6.8M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | -$13.5M -113.8% | -$6.3M -182.2% | $7.7M -4.8% | $8.1M +18.8% | $6.8M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $23.0M | $0 | $0 | $0 | $0 | $374.2M | $1.2B | $631.8M |
| EBITDA | $476.3M +19.6% | $398.4M | $0 | $0 | $0 | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 100.8% +4.4pp | 96.4% | 0.0% | 0.0% | 0.0% | 5.6% | 46.3% | 42.0% |
| Operating Income | $450.5M +13.1% | $398.4M +612.1% | $55.9M +810.1% | -$7.9M -108.2% | $96.2M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 95.3% -1.1pp | 96.4% +8.5pp | 87.9% +3701.6pp | -3613.8% -3707.1pp | 93.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $480.3M +17.6% | $408.5M | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $403.8M +17.9% | $342.6M | $0 | $0 | $0 | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$401.0M -17.0% | -$342.6M -15755.0% | -$2.2M +95.2% | -$45.2M -664.1% | $8.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $49.6M -11.1% | $55.7M +3.6% | $53.8M +201.3% | -$53.1M -151.0% | $104.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 10.5% -3.0pp | 13.5% -71.0pp | 84.5% +24442.3pp | -24357.8% -24459.0pp | 101.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $888.0K | $0 | $0 | $0 | $0 | $1.3B | -$1.6B | $745.2M |
| Net Income | $48.7M -12.7% | $55.7M +3.6% | $53.8M +201.3% | -$53.1M -151.0% | $104.2M | $4.9B | $4.8B | $4.7B |
| Net Margin | 10.3% -3.2pp | 13.5% -71.0pp | 84.5% +24442.3pp | -24357.8% -24459.0pp | 101.2% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -28.5% | $1 -26.8% | $2 +153.8% | -$3 -159.0% | $5 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -28.5% | $1 -26.8% | $2 +153.8% | -$3 -159.0% | $5 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $31.0M +5.3% | $29.5M +39.8% | $21.1M -7.8% | $22.9M +41.0% | $16.2M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $31.1M +5.3% | $29.5M +39.9% | $21.1M -7.8% | $22.9M +41.0% | $16.2M | $1.2B | $924.4M | $678.0M |
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SEC Filings
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How much revenue does MITN generate?
TPG Mortgage Investment Trust Inc 9.500% Senior Notes due 2029 (MITN) reported $472.69M of revenue in fiscal 2025.
Is MITN profitable?
TPG Mortgage Investment Trust Inc 9.500% Senior Notes due 2029 (MITN) reported $48.67M of net income, with a net margin of 10.3%.
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