TPG Mortgage Investment Trust Inc Financials

MITT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Weak

3/9

TPG Mortgage Investment Trust Inc 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

1.00x

For every $1 of reported earnings, TPG Mortgage Investment Trust Inc generates $1.00 in operating cash flow ($55.8M OCF vs $55.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows TPG Mortgage Investment Trust Inc (MITT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).

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Key Financial Metrics

Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$55.7M

YoY+3.6%

5Y CAGR-9.7%

10Y CAGR-6.5%

TPG Mortgage Investment Trust Inc reported $55.7M in net income in fiscal year 2024. This represents an increase of 3.6% from the prior year.

EPS (Diluted)

$1.23

YoY-26.8%

5Y CAGR-12.4%

10Y CAGR-9.6%

TPG Mortgage Investment Trust Inc earned $1.23 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 26.8% from the prior year.

Cash & Debt

$118.7M

YoY+6.4%

5Y CAGR+7.8%

10Y CAGR+6.3%

TPG Mortgage Investment Trust Inc held $118.7M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.75

YoY+4.2%

TPG Mortgage Investment Trust Inc paid $0.75 per share in dividends in fiscal year 2024. This represents an increase of 4.2% from the prior year.

Shares Outstanding

30M

YoY+0.7%

5Y CAGR-2.0%

10Y CAGR+0.4%

TPG Mortgage Investment Trust Inc had 30M shares outstanding in fiscal year 2024. This represents an increase of 0.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

10.3%

YoY+0.1pp

5Y CAGR-0.7pp

10Y CAGR-4.7pp

TPG Mortgage Investment Trust Inc's ROE was 10.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

YoY-100.0%

TPG Mortgage Investment Trust Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

N/A

MITT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
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	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$342.6M+61.2%	$212.5M+78.7%	$118.9M+336.4%	$27.3M-26.2%	$36.9M-59.0%	$90.1M
Income Tax	$112K-55.2%	$250K+53.4%	$163K	$0	N/A	N/A
Net Income	$55.7M+3.6%	$53.8M+201.3%	-$53.1M-151.0%	$104.2M+124.8%	-$420.9M-553.0%	$92.9M
EPS (Diluted)	$1.23-26.8%	$1.68+153.8%	$-3.12-159.0%	$5.29+114.4%	$-36.73-1636.8%	$2.39

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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	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	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$105.2M+13.0%	$93.1M+3.1%	$90.3M-2.4%	$92.5M+10.9%	$83.4M+6.4%	$78.4M	N/A	$52.7M
Income Tax	$689K+2550.0%	$26K-7.1%	$28K+75.0%	$16K-5.9%	$17K-32.0%	$25K	N/A	$14K
Net Income	$20.0M+406.0%	$3.9M-65.6%	$11.5M-31.0%	$16.6M+323.9%	$3.9M-81.2%	$20.9M	N/A	-$2.2M
EPS (Diluted)	$0.47+1040.0%	$-0.05-123.8%	$0.21-47.5%	$0.40+2100.0%	$-0.02-103.6%	$0.55	N/A	$-0.33

MITT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$6.9B+12.8%	$6.1B+40.2%	$4.4B+29.9%	$3.4B+140.2%	$1.4B-67.8%	$4.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$118.7M+6.4%	$111.5M+31.8%	$84.6M+24.3%	$68.1M+42.1%	$47.9M-41.3%	$81.7M
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	$6.4B+13.8%	$5.6B+43.3%	$3.9B+39.9%	$2.8B+182.0%	$990.3M-71.7%	$3.5B
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	$543.4M+2.8%	$528.4M+14.2%	$462.8M-18.9%	$570.4M+39.2%	$409.7M-51.7%	$849.0M
Retained Earnings	-$501.7M+2.8%	-$516.1M+3.8%	-$536.5M-20.1%	-$446.8M+13.8%	-$518.1M-502.9%	-$85.9M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$9.0B+20.3%	$7.5B+1.9%	$7.3B+5.9%	$6.9B-2.6%	$7.1B+10.9%	$6.4B+4.5%	$6.1B+25.5%	$4.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$59.0M-33.5%	$88.7M-23.2%	$115.5M-2.6%	$118.7M-1.9%	$120.9M+20.6%	$100.3M-10.1%	$111.5M-6.1%	$118.7M
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	$8.4B+21.5%	$6.9B+2.2%	$6.8B+6.4%	$6.4B-3.0%	$6.6B+12.0%	$5.9B+4.7%	$5.6B+26.3%	$4.4B
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	N/A
Total Equity	$559.8M+4.4%	$536.4M-1.4%	$543.9M+0.1%	$543.4M+1.9%	$533.5M-1.1%	$539.6M+2.1%	$528.4M+17.3%	$450.4M
Retained Earnings	-$501.2M+1.6%	-$509.1M-1.5%	-$501.5M0.0%	-$501.7M+1.9%	-$511.4M-1.2%	-$505.1M+2.1%	-$516.1M+4.9%	-$542.8M

MITT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$55.8M+98.5%	$28.1M+24.9%	$22.5M-14.4%	$26.3M+532.8%	$4.2M-93.6%	$65.2M
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	-$713.1M-64.5%	-$433.5M+70.9%	-$1.5B+21.5%	-$1.9B-186.6%	$2.2B+393.6%	-$747.0M
Financing Cash Flow	$670.3M+55.1%	$432.1M-70.5%	$1.5B-23.3%	$1.9B+184.6%	-$2.3B-412.8%	$722.7M
Dividends Paid	$18.0M+3.1%	$17.4M-10.2%	$19.4M+80.1%	$10.8M-26.8%	$14.7M-76.2%	$61.8M
Share Buybacks	$0-100.0%	$6.4M-65.1%	$18.2M+412.4%	$3.6M	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$17.4M+50.9%	$11.5M-4.0%	$12.0M-23.4%	$15.7M+14.0%	$13.7M+14.7%	$12.0M+19.6%	$10.0M+230.8%	$3.0M
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	-$1.5B-761.8%	-$170.5M+45.8%	-$314.7M-318.3%	-$75.2M+88.8%	-$673.3M-171.2%	-$248.2M-751.8%	$38.1M+112.1%	-$314.8M
Financing Cash Flow	$1.4B+999.4%	$130.0M-55.7%	$293.4M+249.5%	$83.9M-87.9%	$691.4M+204.1%	$227.3M+467.9%	-$61.8M-117.9%	$345.7M
Dividends Paid	$6.2M+5.1%	$5.9M+5.3%	$5.6M+0.5%	$5.6M+5.7%	$5.3M+260.1%	$1.5M-76.5%	$6.3M+72.4%	$3.6M
Share Buybacks	N/A	N/A	N/A	$0	$0	$0	$0	$0

MITT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
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	10.3%+0.1pp	10.2%	N/A	18.3%	N/A	10.9%
Return on Assets	0.8%-0.1pp	0.9%+2.1pp	-1.2%-4.3pp	3.1%+33.2pp	-30.1%-32.2pp	2.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	11.72+1.1	10.60+2.2	8.44+3.5	4.90+2.5	2.42-1.7	4.12
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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	3.6%+2.8pp	0.7%-1.4pp	2.1%-1.0pp	3.1%+2.3pp	0.7%-3.1pp	3.9%	N/A	N/A
Return on Assets	0.2%+0.2pp	0.1%-0.1pp	0.2%-0.1pp	0.2%+0.2pp	0.1%-0.3pp	0.3%	N/A	-0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	15.03+2.1	12.91+0.4	12.46+0.7	11.72-0.6	12.31+1.4	10.86+0.3	10.60+0.8	9.84
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

Is TPG Mortgage Investment Trust Inc profitable?

Yes, TPG Mortgage Investment Trust Inc (MITT) reported a net income of $55.7M in fiscal year 2024.

What is TPG Mortgage Investment Trust Inc's earnings per share (EPS)?

TPG Mortgage Investment Trust Inc (MITT) reported diluted earnings per share of $1.23 for fiscal year 2024. 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.

Does TPG Mortgage Investment Trust Inc pay dividends?

Yes, TPG Mortgage Investment Trust Inc (MITT) paid $0.75 per share in dividends during fiscal year 2024.

What is TPG Mortgage Investment Trust Inc's return on equity (ROE)?

TPG Mortgage Investment Trust Inc (MITT) has a return on equity of 10.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is TPG Mortgage Investment Trust Inc's operating cash flow?

TPG Mortgage Investment Trust Inc (MITT) generated $55.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are TPG Mortgage Investment Trust Inc's total assets?

TPG Mortgage Investment Trust Inc (MITT) had $6.9B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does TPG Mortgage Investment Trust Inc have outstanding?

TPG Mortgage Investment Trust Inc (MITT) had 30M shares outstanding as of fiscal year 2024.

What is TPG Mortgage Investment Trust Inc's debt-to-equity ratio?

TPG Mortgage Investment Trust Inc (MITT) had a debt-to-equity ratio of 11.72 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TPG Mortgage Investment Trust Inc's return on assets (ROA)?

TPG Mortgage Investment Trust Inc (MITT) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is TPG Mortgage Investment Trust Inc's Piotroski F-Score?

TPG Mortgage Investment Trust Inc (MITT) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TPG Mortgage Investment Trust Inc's earnings high quality?

TPG Mortgage Investment Trust Inc (MITT) has an earnings quality ratio of 1.00x, 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.