Claros Mortgage Trust, Inc. (CMTG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CMTG SEC filings page.
Claros Mortgage Trust, Inc. (CMTG) reported $152.1M in revenue over the twelve months to Jun 30, 2026, down 30.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
The trust is shrinking its balance sheet while losses deepen, making financing and accounting effects central to understanding results.
Reported earnings and cash movement diverged sharply in FY2025: the trust recorded a net loss of$489.1M but operating cash flow was only-$30.5M , so the loss was not a one-for-one measure of cash leaving the trust. Investing inflows of$1.9B alongside financing outflows of$1.8B point to portfolio contraction and debt reduction, rather than ordinary expansion.
The balance sheet contracted materially: total assets fell from
Revenue fell from
Financial Health Signals
Claros Mortgage Trust, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Claros Mortgage Trust, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Claros Mortgage Trust, Inc. reported a net loss of $489.1M while operations used $30.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Claros Mortgage Trust, Inc. generated $29.7M in revenue in Q2 2026. This represents a decrease of 42.5% from the same quarter a year earlier. Against the prior quarter it is up 0.7%.
Claros Mortgage Trust, Inc. reported -$255.4M in net income in Q2 2026. This represents a decrease of 40.6% from the same quarter a year earlier. Against the prior quarter it is down 370.5%.
Claros Mortgage Trust, Inc. earned -$1.81 per diluted share (EPS) in Q2 2026. This represents a decrease of 39.2% from the same quarter a year earlier. Against the prior quarter it is down 364.1%.
Not reported for Q2 2026.
Cash & Balance Sheet
Claros Mortgage Trust, Inc. held $90.3M in cash against $2.6B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Claros Mortgage Trust, Inc.'s ROE was -20.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 10.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 17.0 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for Q2 2026.
CMTG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.7M-42.5% | $29.5M-31.9% | $46.7M-22.4% | $46.1M-29.0% | $51.6M-19.9% | $43.4M-26.3% | $60.2M-20.7% | $64.9M-19.5% |
| SG&A Expenses | $4.7M-6.2% | $3.2M-24.8% | $5.9M+75.7% | $4.8M+32.0% | $5.0M+3.9% | $4.3M+10.1% | $3.3M-7.9% | $3.6M+2.2% |
| Interest Expense | $46.6M-43.2% | $50.9M-43.0% | $61.9M-38.1% | $71.8M-35.3% | $82.0M-27.6% | $89.2M-23.0% | $100.1M-17.4% | $111.1M-10.1% |
| Net Income | -$255.4M-40.6% | -$54.3M+30.9% | -$219.2M-117.7% | -$9.5M+83.1% | -$181.7M-1472.7% | -$78.6M-48.9% | -$100.7M-395.8% | -$56.2M+18.5% |
| EPS (Basic) | -$1.81-39.2% | -$0.39+30.4% | -$1.56-116.7% | -$0.07+82.5% | -$1.30-1344.4% | -$0.56-43.6% | -$0.72-400.0% | -$0.40+20.0% |
| EPS (Diluted) | -$1.81-39.2% | -$0.39+30.4% | -$1.56-116.7% | -$0.07+82.5% | -$1.30-1344.4% | -$0.56-43.6% | -$0.72-400.0% | -$0.40+20.0% |
| Diluted Shares (Avg) | 141M+0.9% | 140M+0.7% | N/A | 141M+0.7% | 140M+0.7% | 139M+0.5% | N/A | 140M+0.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.
CMTG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.8B-34.1% | $4.2B-37.4% | $4.7B-32.2% | $5.4B-25.5% | $5.8B-23.2% | $6.7B-14.2% | $7.0B-13.7% | $7.3B-9.2% |
| Cash & Equivalents | $90.3M-56.8% | $116.8M-8.6% | $173.2M+74.8% | $339.5M+198.0% | $209.2M+41.2% | $127.8M-45.0% | $99.1M-47.1% | $113.9M-62.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.6B-36.1% | $2.7B-43.4% | $3.2B-35.7% | $3.7B-29.0% | $4.1B-24.9% | $4.7B-14.8% | $5.0B-14.0% | $5.2B-9.5% |
| Long-Term Debt | $2.6B-35.5% | $2.7B-43.1% | $3.2B-35.6% | $3.7B-28.9% | $4.0B-24.5% | $4.7B-14.3% | $4.9B-14.0% | $5.1B-9.2% |
| Total Equity | $1.2B-29.5% | $1.5B-22.8% | $1.5B-23.7% | $1.7B-16.9% | $1.8B-19.1% | $1.9B-12.7% | $2.0B-12.7% | $2.1B-8.4% |
| Retained Earnings | -$1.5B-54.2% | -$1.3B-57.2% | -$1.2B-66.7% | -$1.0B-58.6% | -$993.7M-76.7% | -$811.9M-57.6% | -$733.3M-71.9% | -$632.6M-48.7% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.
CMTG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$12.1M-106.8% | -$6.5M+81.9% | $2.4M-86.9% | $8.8M-77.6% | -$5.8M-205.8% | -$35.8M-266.5% | $18.3M-32.9% | $39.2M-6.6% |
| Depreciation & Amortization | $6.1M+627.1% | $6.4M+1361.0% | $5.7M+117.2% | $3.7M+42.3% | $845K-67.8% | $438K-83.1% | $2.6M-1.8% | $2.6M+9.5% |
| Stock-Based Compensation | N/A | $2.4M-53.7% | N/A | N/A | N/A | $5.1M+16.4% | N/A | N/A |
| Investing Cash Flow | $51.4M-93.1% | $400.5M+45.8% | $338.6M+45.3% | $505.1M+181.0% | $749.2M+831.4% | $274.8M-4.1% | $233.1M+276.9% | $179.7M-39.4% |
| Financing Cash Flow | -$67.5M+89.8% | -$454.4M-103.2% | -$506.5M-93.1% | -$385.5M-58.1% | -$664.3M-294.6% | -$223.6M+17.5% | -$262.3M-2251.2% | -$243.9M+16.8% |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $14.2M-59.8% | $35.5M-32.2% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
CMTG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -859.7% | -183.9% | -468.9% | -20.7%+66.0pp | -351.9% | -181.3% | -167.2% | -86.7%-1.1pp |
| Return on Equity | -20.6%-10.3pp | -3.6%+0.4pp | -14.3%-9.3pp | -0.5%+2.1pp | -10.3%-9.8pp | -4.1%-1.7pp | -5.0%-6.5pp | -2.7%+0.3pp |
| Return on Assets | -6.7%-3.5pp | -1.3%-0.1pp | -4.6%-3.2pp | -0.2%+0.6pp | -3.1%-3.0pp | -1.2%-0.5pp | -1.5%-1.9pp | -0.8%+0.1pp |
| Debt-to-Equity | 2.10-0.2x | 1.79-0.6x | 2.06-0.4x | 2.09-0.4x | 2.29-0.2x | 2.420.0x | 2.440.0x | 2.440.0x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Claros Mortgage Trust, Inc. CMTG | FY2025 | $187.8M | -$489.1M | N/A | $166.5M | — |
| Invesco Mortgage Capital Inc. IVR | FY2025 | $295.3M | $101.3M | 34.3% | $622.4M | 0/100 |
| KKR Real Estate Finance Trust Inc. KREF | FY2025 | N/A | -$47.1M | N/A | $360.8M | — |
| New York Mortgage Trust, Inc. NYMT | FY2025 | $601.9M | $149.0M | 24.8% | $652.1M | 59/100 |
| TPG RE Finance Trust, Inc. TRTX | FY2025 | $146.1M | $60.3M | 41.3% | $471.4M | 18/100 |
| BrightSpire Capital, Inc. BRSP | FY2025 | $330.6M | -$31.1M | -9.4% | $482.1M | 28/100 |
Where Claros Mortgage Trust, Inc. Ranks
Frequently Asked Questions
What is Claros Mortgage Trust, Inc.'s annual revenue?
Claros Mortgage Trust, Inc. (CMTG) reported $187.8M in total revenue for fiscal year 2025. This represents a -24.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Claros Mortgage Trust, Inc.'s revenue growing?
Claros Mortgage Trust, Inc. (CMTG) revenue declined by 24.4% year-over-year, from $248.4M to $187.8M in fiscal year 2025.
Is Claros Mortgage Trust, Inc. profitable?
No, Claros Mortgage Trust, Inc. (CMTG) reported a net income of -$489.1M in fiscal year 2025.
How much debt does Claros Mortgage Trust, Inc. have?
As of fiscal year 2025, Claros Mortgage Trust, Inc. (CMTG) had $173.2M in cash and equivalents against $3.2B in long-term debt.
What is Claros Mortgage Trust, Inc.'s return on equity (ROE)?
Claros Mortgage Trust, Inc. (CMTG) has a return on equity of -31.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Claros Mortgage Trust, Inc.'s operating cash flow?
Claros Mortgage Trust, Inc. (CMTG) recorded an outflow of $30.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Claros Mortgage Trust, Inc.'s total assets?
Claros Mortgage Trust, Inc. (CMTG) had $4.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Claros Mortgage Trust, Inc.'s debt-to-equity ratio?
Claros Mortgage Trust, Inc. (CMTG) had a debt-to-equity ratio of 2.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Claros Mortgage Trust, Inc.'s return on assets (ROA)?
Claros Mortgage Trust, Inc. (CMTG) had a return on assets of -10.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Claros Mortgage Trust, Inc.'s P/E ratio?
Claros Mortgage Trust, Inc. (CMTG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $166.5M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Claros Mortgage Trust, Inc.'s price-to-sales ratio?
Claros Mortgage Trust, Inc. (CMTG) trades at 1.1x sales, its market capitalization divided by revenue of $152.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $166.5M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Claros Mortgage Trust, Inc.'s Piotroski F-Score?
Claros Mortgage Trust, Inc. (CMTG) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Claros Mortgage Trust, Inc.'s earnings high quality?
Claros Mortgage Trust, Inc. (CMTG) reported a net loss of $489.1M while operations used $30.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.