What is TPG Mortgage Inv's earnings per share (EPS)?

TPG Mortgage Inv (MITN) reported diluted earnings per share of $0.90 for fiscal year 2025. This represents a -26.8% 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.

TPG Mortgage Inv Financials

MITN

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows TPG Mortgage Inv (MITN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

Rhea AI MITN FY2025 2026-05-01

Balance-sheet expansion funded externally dominates the picture, with rising leverage doing far more work than internal cash generation.

From FY2023 to FY2025, total assets increased by $2.6B while equity rose only $32M, so nearly the whole balance-sheet build came through liabilities rather than retained earnings. At the same time, interest expense climbed to $403.8M even though operating cash flow was only $59.6M in FY2025, showing that expansion is being financed much faster than internal cash is accumulating.

In FY2025, net income and operating cash flow were close at $48.7M and $59.6M, so reported profit is at least translating into cash. But asset productivity is thin, with return on assets down to 0.6%, meaning the larger balance sheet is producing only modest earnings.

Cash ended FY2025 at $57.8M despite $1.5B of financing inflows, which implies new capital was quickly deployed rather than kept as liquidity. The dividend claim on cash was $24.5M against operating cash flow of $59.6M, so payouts matter but the main cash mechanic is investment funded through financing.

Financial Health Signals

Financial Profile 5/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of TPG Mortgage Inv's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

TPG Mortgage Inv has elevated debt relative to equity (D/E of 14.54), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Returns

TPG Mortgage Inv's ROE of 8.7% shows moderate profitability relative to equity, earning a score of 32/100. This is down from 10.3% the prior year.

Piotroski F-Score Weak

3/9

TPG Mortgage Inv passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Cash-Backed

1.22x

For every $1 of reported earnings, TPG Mortgage Inv generates $1.22 in operating cash flow ($59.6M OCF vs $48.7M 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

$48.7M

YoY-12.7%

10Y CAGR+13.4%

TPG Mortgage Inv reported $48.7M in net income in fiscal year 2025. This represents a decrease of 12.7% from the prior year.

EPS (Diluted)

$0.90

YoY-26.8%

10Y CAGR+56.8%

TPG Mortgage Inv earned $0.90 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 26.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$57.8M

YoY-51.3%

5Y CAGR+3.8%

10Y CAGR+2.3%

TPG Mortgage Inv held $57.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.85

YoY+13.3%

TPG Mortgage Inv paid $0.85 per share in dividends in fiscal year 2025. This represents an increase of 13.3% from the prior year.

Shares Outstanding

32M

YoY+7.1%

5Y CAGR+18.1%

10Y CAGR+1.2%

TPG Mortgage Inv had 32M shares outstanding in fiscal year 2025. This represents an increase of 7.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

8.7%

YoY-1.6pp

5Y CAGR+111.4pp

10Y CAGR+6.6pp

TPG Mortgage Inv's ROE was 8.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

MITN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
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	$43.0M+23.5%	$34.8M-9.9%	$38.7M-10.2%	$43.1M+40.3%	$30.7M-8.3%	$33.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$403.8M+17.9%	$342.6M+61.2%	$212.5M+78.7%	$118.9M+336.4%	$27.3M-26.2%	$36.9M
Income Tax	$888K+692.9%	$112K-55.2%	$250K+53.4%	$163K	$0	N/A
Net Income	$48.7M-12.7%	$55.7M+3.6%	$53.8M+201.3%	-$53.1M-151.0%	$104.2M+124.8%	-$420.9M
EPS (Diluted)	$0.90-26.8%	$1.23-26.8%	$1.68+153.8%	$-3.12-159.0%	$5.29+114.4%	$-36.73

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$6K	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	$9.8M	N/A	$11.2M-1.1%	$11.3M+12.4%	$10.1M	N/A	$8.5M+0.8%	$8.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$109.2M	N/A	$105.2M+13.0%	$93.1M+3.1%	$90.3M	N/A	$92.5M+10.9%	$83.4M
Income Tax	$182K	N/A	$689K+2550.0%	$26K-7.1%	$28K	N/A	$16K-5.9%	$17K
Net Income	-$3.6M	N/A	$20.0M+406.0%	$3.9M-65.6%	$11.5M	N/A	$16.6M+323.9%	$3.9M
EPS (Diluted)	$-0.27	N/A	$0.47+1040.0%	$-0.05-123.8%	$0.21	N/A	$0.40+2100.0%	$-0.02

MITN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.7B+26.0%	$6.9B+12.8%	$6.1B+40.2%	$4.4B+29.9%	$3.4B+140.2%	$1.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$57.8M-51.3%	$118.7M+6.4%	$111.5M+31.8%	$84.6M+24.3%	$68.1M+42.1%	$47.9M
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	$8.2B+28.0%	$6.4B+13.8%	$5.6B+43.3%	$3.9B+39.9%	$2.8B+182.0%	$990.3M
Current Liabilities	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
Total Equity	$560.7M+3.2%	$543.4M+2.8%	$528.4M+14.2%	$462.8M-18.9%	$570.4M+39.2%	$409.7M
Retained Earnings	-$500.5M+0.3%	-$501.7M+2.8%	-$516.1M+3.8%	-$536.5M-20.1%	-$446.8M+13.8%	-$518.1M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$8.3B-4.9%	$8.7B-2.9%	$9.0B+20.3%	$7.5B+1.9%	$7.3B+5.9%	$6.9B-0.7%	$7.0B-2.0%	$7.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$49.3M-14.7%	$57.8M-2.0%	$59.0M-33.5%	$88.7M-23.2%	$115.5M-2.6%	$118.7M+15.7%	$102.5M-15.2%	$120.9M
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	$7.7B-5.0%	$8.2B-3.2%	$8.4B+21.5%	$6.9B+2.2%	$6.8B+6.4%	$6.4B-0.8%	$6.4B-2.2%	$6.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$33.4M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$544.4M-2.9%	$560.7M+0.2%	$559.8M+4.4%	$536.4M-1.4%	$543.9M+0.1%	$543.4M+0.6%	$540.1M+1.2%	$533.5M
Retained Earnings	-$516.8M-3.3%	-$500.5M+0.1%	-$501.2M+1.6%	-$509.1M-1.5%	-$501.5M0.0%	-$501.7M+0.6%	-$504.9M+1.3%	-$511.4M

MITN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$59.6M+6.7%	$55.8M+98.5%	$28.1M+24.9%	$22.5M-14.4%	$26.3M+532.8%	$4.2M
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	-$1.7B-133.8%	-$713.1M-64.5%	-$433.5M+70.9%	-$1.5B+21.5%	-$1.9B-186.6%	$2.2B
Financing Cash Flow	$1.5B+130.6%	$670.3M+55.1%	$432.1M-70.5%	$1.5B-23.3%	$1.9B+184.6%	-$2.3B
Dividends Paid	$24.5M+36.1%	$18.0M+3.1%	$17.4M-10.2%	$19.4M+80.1%	$10.8M-26.8%	$14.7M
Share Buybacks	N/A	$0-100.0%	$6.4M-65.1%	$18.2M+412.4%	$3.6M	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$20.3M+8.9%	$18.7M+7.5%	$17.4M+50.9%	$11.5M-4.0%	$12.0M-23.4%	$15.7M+8.1%	$14.5M+5.4%	$13.7M
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	$326.9M+13.7%	$287.5M+119.6%	-$1.5B-761.8%	-$170.5M+45.8%	-$314.7M-318.3%	-$75.2M-126.5%	$283.6M+142.1%	-$673.3M
Financing Cash Flow	-$355.8M-16.0%	-$306.7M-121.5%	$1.4B+999.4%	$130.0M-55.7%	$293.4M+249.5%	$83.9M+125.3%	-$332.3M-148.1%	$691.4M
Dividends Paid	$7.3M+9.6%	$6.7M+6.9%	$6.2M+5.1%	$5.9M+5.3%	$5.6M+0.5%	$5.6M+0.1%	$5.6M+5.6%	$5.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0	$0	$0

MITN 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	N/A	N/A	N/A	N/A
Return on Equity	8.7%-1.6pp	10.3%+0.1pp	10.2%+21.6pp	-11.5%-29.7pp	18.3%+121.0pp	-102.7%
Return on Assets	0.6%-0.2pp	0.8%-0.1pp	0.9%+2.1pp	-1.2%-4.3pp	3.1%+33.2pp	-30.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	14.54+2.8	11.72+1.1	10.60+2.2	8.44+3.5	4.90+2.5	2.42
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	N/A
Return on Equity	-0.7%	N/A	3.6%+2.8pp	0.7%-1.4pp	2.1%	N/A	3.1%+2.3pp	0.7%
Return on Assets	-0.0%	N/A	0.2%+0.2pp	0.1%-0.1pp	0.2%	N/A	0.2%+0.2pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	14.22-0.3	14.54-0.5	15.03+2.1	12.91+0.4	12.46+0.7	11.72-0.2	11.89-0.4	12.31
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is TPG Mortgage Inv profitable?

Yes, TPG Mortgage Inv (MITN) reported a net income of $48.7M in fiscal year 2025.

Does TPG Mortgage Inv pay dividends?

Yes, TPG Mortgage Inv (MITN) paid $0.85 per share in dividends during fiscal year 2025.

What is TPG Mortgage Inv's return on equity (ROE)?

TPG Mortgage Inv (MITN) has a return on equity of 8.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is TPG Mortgage Inv's operating cash flow?

TPG Mortgage Inv (MITN) generated $59.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are TPG Mortgage Inv's total assets?

TPG Mortgage Inv (MITN) had $8.7B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does TPG Mortgage Inv have outstanding?

TPG Mortgage Inv (MITN) had 32M shares outstanding as of fiscal year 2025.

What is TPG Mortgage Inv's debt-to-equity ratio?

TPG Mortgage Inv (MITN) had a debt-to-equity ratio of 14.54 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TPG Mortgage Inv's return on assets (ROA)?

TPG Mortgage Inv (MITN) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is TPG Mortgage Inv's Piotroski F-Score?

TPG Mortgage Inv (MITN) has a Piotroski F-Score of 3 out of 9, indicating weak 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TPG Mortgage Inv's earnings high quality?

TPG Mortgage Inv (MITN) has an earnings quality ratio of 1.22x, 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.

How financially healthy is TPG Mortgage Inv?

TPG Mortgage Inv (MITN) scores 5 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.