Blackstone Mtg Tr Inc Financials

BXMT

Source SEC Filings (10-K/10-Q) Updated Feb 11, 2026 Currency USD FYE February

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 ($276K OCF vs $110K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

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).

Export CSV

Key Financial Metrics

Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$110K

YoY+100.1%

5Y CAGR-76.0%

10Y CAGR-52.7%

Blackstone Mtg Tr Inc reported $110K in net income in fiscal year 2025. This represents an increase of 100.1% 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 & Debt

$453K

YoY-99.9%

5Y CAGR-72.5%

10Y CAGR-41.5%

Blackstone Mtg Tr Inc held $453K in cash against $10.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.48

YoY+13.8%

5Y CAGR+0.0%

10Y CAGR+0.8%

Blackstone Mtg Tr Inc paid $2.48 per share in dividends in fiscal year 2025. This represents an increase 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.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

3.1%

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.

R&D Spending

N/A

Share Buybacks

$110K

YoY-99.6%

Blackstone Mtg Tr Inc spent $110K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.6% from the prior year.

Capital Expenditures

N/A

BXMT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	$2.0B+52.2%	$1.3B+56.7%	$854.7M+9.6%	$779.6M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$52K-99.9%	$53.9M+5.4%	$51.1M-2.0%	$52.2M+20.9%	$43.2M-5.9%	$45.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$140-100.0%	$1.3B-5.6%	$1.4B+92.3%	$710.9M+109.0%	$340.2M-2.1%	$347.5M
Income Tax	$4K-99.8%	$2.4M-55.7%	$5.4M+78.6%	$3.0M+609.9%	$423K+31.0%	$323K
Net Income	$110K+100.1%	-$204.1M-182.8%	$246.6M-0.8%	$248.6M-40.7%	$419.2M+204.5%	$137.7M
EPS (Diluted)	$0.64+154.7%	$-1.17-181.8%	$1.43-2.1%	$1.46-47.3%	$2.77+185.6%	$0.97

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	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$20.0M-99.9%	$19.8B-17.6%	$24.0B-5.2%	$25.4B+11.7%	$22.7B+33.9%	$17.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$453K-99.9%	$323.5M-7.6%	$350.0M+20.1%	$291.3M-47.1%	$551.2M+90.1%	$290.0M
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$16.5M-99.9%	$16.0B-18.5%	$19.6B-5.6%	$20.8B+15.1%	$18.1B+38.5%	$13.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$10.1M	N/A	$16.5B-6.1%	$17.6B+16.6%	$15.1B+51.0%	$10.0B
Total Equity	$3.5M-99.9%	$3.8B-13.3%	$4.4B-3.3%	$4.5B-1.5%	$4.6B+18.1%	$3.9B
Retained Earnings	$1.9M+100.1%	-$1.7B-50.6%	-$1.2B-18.8%	-$968.7M-21.9%	-$794.8M+4.2%	-$829.3M

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	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$276K-99.9%	$366.5M-20.1%	$458.8M+15.6%	$396.8M+3.7%	$382.5M+13.6%	$336.6M
Capital Expenditures	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
Investing Cash Flow	$359K-100.0%	$3.5B+142.2%	$1.4B+144.4%	-$3.3B+42.2%	-$5.6B-6276.7%	-$88.3M
Financing Cash Flow	$514K+100.0%	-$3.9B-110.1%	-$1.8B-170.9%	$2.6B-52.7%	$5.5B+5072.7%	-$110.8M
Dividends Paid	$323K-99.9%	$404.0M-5.4%	$426.9M+1.3%	$421.4M+13.7%	$370.7M+6.2%	$348.9M
Share Buybacks	$110K-99.6%	$29.2M	$0	$0	N/A	N/A

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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	N/A	N/A	12.1%-6.5pp	18.6%-30.5pp	49.0%+31.4pp	17.7%
Return on Equity	3.1%	N/A	5.6%+0.1pp	5.5%-3.6pp	9.1%+5.6pp	3.5%
Return on Assets	0.5%+1.6pp	-1.0%-2.1pp	1.0%+0.1pp	1.0%-0.9pp	1.8%+1.0pp	0.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.89-1.3	4.23+0.4	3.78-0.1	3.89+0.6	3.29+0.7	2.57
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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%	N/A	N/A	N/A	N/A	N/A
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

Similar Companies

Arbor Realty Trust Inc ABR

$1.5B

$5.9B

$6.7B

$1.5B

$8.9B

Frequently Asked Questions

Is Blackstone Mtg Tr Inc profitable?

Yes, Blackstone Mtg Tr Inc (BXMT) reported a net income of $110K in fiscal year 2025.

What is Blackstone Mtg Tr Inc's earnings per share (EPS)?

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.

How much debt does Blackstone Mtg Tr Inc have?

As of fiscal year 2025, Blackstone Mtg Tr Inc (BXMT) had $453K in cash and equivalents against $10.1M in long-term debt.

Does Blackstone Mtg Tr Inc pay dividends?

Yes, Blackstone Mtg Tr Inc (BXMT) paid $2.48 per share in dividends during fiscal year 2025.

What is Blackstone Mtg Tr Inc's return on equity (ROE)?

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.

What is Blackstone Mtg Tr Inc's operating cash flow?

Blackstone Mtg Tr Inc (BXMT) generated $276K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Blackstone Mtg Tr Inc's total assets?

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

Does Blackstone Mtg Tr Inc buy back shares?

Yes, Blackstone Mtg Tr Inc (BXMT) spent $110K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Blackstone Mtg Tr Inc have outstanding?

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

What is Blackstone Mtg Tr Inc's debt-to-equity ratio?

Blackstone Mtg Tr Inc (BXMT) had a debt-to-equity ratio of 2.89 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Blackstone Mtg Tr Inc's return on assets (ROA)?

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.

What is Blackstone Mtg Tr Inc's Piotroski F-Score?

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.

Are Blackstone Mtg Tr Inc's earnings high quality?

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.