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Blackstone Mtg Tr Inc Financials

BXMT
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Blackstone Mtg Tr Inc (BXMT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral
5/9

Blackstone Mtg Tr Inc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass.

Earnings Quality Cash-Backed
2.52x

For every $1 of reported earnings, Blackstone Mtg Tr Inc generates $2.52 in operating cash flow ($275.9M OCF vs $109.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
$109.6M
YoY+153.7%
5Y CAGR-4.5%
10Y CAGR-5.7%

Blackstone Mtg Tr Inc reported $109.6M in net income in fiscal year 2025. This represents an increase of 153.7% from the prior year.

EPS (Diluted)
$0.64
YoY+154.7%
5Y CAGR-8.0%

Blackstone Mtg Tr Inc earned $0.64 per diluted share (EPS) in fiscal year 2025. This represents an increase of 154.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$452.5M
YoY+39.9%
5Y CAGR+9.3%
10Y CAGR+16.7%

Blackstone Mtg Tr Inc held $452.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.88
YoY-13.8%
5Y CAGR-5.4%
10Y CAGR-1.9%

Blackstone Mtg Tr Inc paid $1.88 per share in dividends in fiscal year 2025. This represents a decrease of 13.8% from the prior year.

Shares Outstanding
169M
YoY-1.7%
5Y CAGR+2.8%
10Y CAGR+6.0%

Blackstone Mtg Tr Inc had 169M shares outstanding in fiscal year 2025. This represents a decrease of 1.7% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
3.1%
YoY+8.5pp
5Y CAGR-0.4pp
10Y CAGR-4.8pp

Blackstone Mtg Tr Inc's ROE was 3.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.5 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$109.5M
YoY+274.6%

Blackstone Mtg Tr Inc spent $109.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 274.6% from the prior year.

Capital Expenditures
N/A

BXMT Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue N/A N/A N/A N/A N/A N/A N/A $486.1M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A $12.7M-5.8% $13.5M+6.8% $12.7M N/A $13.4M-1.7% $13.7M-0.5% $13.7M
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A $247.1M-6.7% $264.7M+9.3% $242.2M N/A $321.7M-5.2% $339.4M-1.3% $343.7M
Income Tax N/A $1.5M+67.4% $903K+25.8% $718K N/A $613K-49.6% $1.2M+21.5% $1.0M
Net Income N/A $63.4M+809.7% $7.0M+2052.1% -$357K N/A -$56.4M+7.7% -$61.1M+50.7% -$123.8M
EPS (Diluted) N/A $0.37+825.0% $0.04 $0.00 N/A $-0.32+8.6% $-0.35+50.7% $-0.71

BXMT Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $20.0B+1.5% $19.7B-4.3% $20.6B+3.1% $20.0B+0.8% $19.8B-7.7% $21.4B-5.3% $22.6B-2.7% $23.3B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $452.5M+19.7% $377.9M-2.6% $388.0M-42.0% $668.6M+106.7% $323.5M+0.4% $322.1M-13.8% $373.9M-9.7% $414.0M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $16.5B+2.5% $16.1B-5.1% $17.0B+4.3% $16.3B+1.6% $16.0B-9.0% $17.6B-5.6% $18.6B-2.5% $19.1B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A $16.2B
Total Equity $3.5B-2.6% $3.6B-0.7% $3.6B-1.8% $3.7B-2.8% $3.8B-1.5% $3.8B-3.5% $4.0B-3.9% $4.1B
Retained Earnings -$1.9B-2.1% -$1.9B-0.9% -$1.9B-4.1% -$1.8B-4.7% -$1.7B-2.6% -$1.7B-8.9% -$1.6B-12.2% -$1.4B

BXMT Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $136.3M+849.6% -$18.2M-131.8% $57.2M-43.1% $100.5M+18.9% $84.5M-3.0% $87.1M-13.0% $100.2M+5.9% $94.6M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$242.2M-129.1% $832.7M+269.2% -$492.0M-288.6% $260.9M-80.6% $1.3B+4.7% $1.3B+163.5% $488.1M+29.7% $376.3M
Financing Cash Flow $179.7M+121.8% -$823.4M-658.8% $147.3M+912.2% -$18.1M+98.7% -$1.4B+0.2% -$1.4B-126.9% -$628.4M-55.4% -$404.3M
Dividends Paid $80.2M-0.2% $80.4M-0.5% $80.8M-0.5% $81.2M-0.1% $81.3M-0.3% $81.5M-24.4% $107.9M+0.4% $107.4M
Share Buybacks $61.8M+284.4% $16.1M+41094.9% $39K-99.9% $31.6M+73.6% $18.2M+65.8% $11.0M $0 $0

BXMT Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A -25.5%
Return on Equity N/A 1.8%+1.6pp 0.2%+0.2pp -0.0% N/A -1.5%+0.1pp -1.5%+1.5pp -3.0%
Return on Assets N/A 0.3%+0.3pp 0.0%+0.0pp 0.0% N/A -0.3%+0.0pp -0.3%+0.3pp -0.5%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 4.72+0.2 4.48-0.2 4.69+0.3 4.42+0.2 4.23-0.3 4.57-0.1 4.68+0.8 3.92
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Yes, Blackstone Mtg Tr Inc (BXMT) reported a net income of $109.6M in fiscal year 2025.

Blackstone Mtg Tr Inc (BXMT) reported diluted earnings per share of $0.64 for fiscal year 2025. This represents a 154.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Yes, Blackstone Mtg Tr Inc (BXMT) paid $1.88 per share in dividends during fiscal year 2025.

Blackstone Mtg Tr Inc (BXMT) has a return on equity of 3.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Blackstone Mtg Tr Inc (BXMT) generated $275.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Blackstone Mtg Tr Inc (BXMT) had $20.0B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Blackstone Mtg Tr Inc (BXMT) spent $109.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Blackstone Mtg Tr Inc (BXMT) had 169M shares outstanding as of fiscal year 2025.

Blackstone Mtg Tr Inc (BXMT) had a debt-to-equity ratio of 4.72 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Blackstone Mtg Tr Inc (BXMT) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Blackstone Mtg Tr Inc (BXMT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Blackstone Mtg Tr Inc (BXMT) has an earnings quality ratio of 2.52x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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