New York Mortgage Trust Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
New York Mortgage Trust has an operating margin of -23.2%, meaning the company retains $-23 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -30.0% the prior year.
New York Mortgage Trust's revenue surged 55.1% year-over-year to $401.3M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
New York Mortgage Trust carries a low D/E ratio of 0.41, meaning only $0.41 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
While New York Mortgage Trust generated $14.1M in operating cash flow, capex of $24.6M consumed most of it, leaving -$10.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
New York Mortgage Trust passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, New York Mortgage Trust generates $-0.23 in operating cash flow ($14.1M OCF vs -$62.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
New York Mortgage Trust earns $-0.3 in operating income for every $1 of interest expense (-$92.9M vs $317.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows New York Mortgage Trust (NYMT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Key Financial Metrics
New York Mortgage Trust generated $401.3M in revenue in fiscal year 2024. This represents an increase of 55.1% from the prior year.
New York Mortgage Trust's EBITDA was -$53.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.0% from the prior year.
New York Mortgage Trust generated -$10.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 48.3% from the prior year.
New York Mortgage Trust reported -$62.0M in net income in fiscal year 2024. This represents a decrease of 27.5% from the prior year.
New York Mortgage Trust earned $-1.14 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 15.2% from the prior year.
New York Mortgage Trust held $167.4M in cash against $573.2M in long-term debt as of fiscal year 2024.
New York Mortgage Trust had 91M shares outstanding in fiscal year 2024. This represents a decrease of 0.1% from the prior year.
New York Mortgage Trust's operating margin was -23.2% in fiscal year 2024, reflecting core business profitability. This is up 6.9 percentage points from the prior year.
New York Mortgage Trust's net profit margin was -15.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.4 percentage points from the prior year.
New York Mortgage Trust spent $3.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 59.5% from the prior year.
New York Mortgage Trust invested $24.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 51.1% from the prior year.
NYMT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $160.6M+14.0% | $140.9M+8.6% | $129.7M+9.7% | $118.3M+30.3% | $90.8M+8.2% | $83.9M+6.5% | $78.8M+20.9% | $65.2M |
| 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 | $23.3M+98.1% | $11.8M-5.1% | $12.4M+3.2% | $12.0M+3.3% | $11.6M-10.8% | $13.1M+11.2% | $11.7M-0.7% | $11.8M |
| Operating Income | $39.5M+822.8% | $4.3M-88.7% | $37.7M+218.6% | -$31.8M-33.9% | -$23.7M+70.4% | -$80.2M-343.9% | $32.9M+135.0% | -$93.9M |
| Interest Expense | $124.0M+18.8% | $104.5M+8.1% | $96.6M+5.6% | $91.5M+27.6% | $71.7M+8.6% | $66.0M+6.5% | $62.0M+28.1% | $48.4M |
| Income Tax | -$298K-85.1% | -$161K-124.8% | $648K+142.6% | -$1.5M-544.4% | $342K+408.1% | -$111K-183.5% | $133K+337.5% | -$56K |
| Net Income | $44.8M+424.5% | $8.5M-79.7% | $42.2M+234.3% | -$31.4M-101.3% | -$15.6M+73.1% | -$57.9M-238.2% | $41.9M+149.6% | -$84.5M |
| EPS (Diluted) | $0.36+1000.0% | $-0.04-112.1% | $0.33+171.7% | $-0.46-58.6% | $-0.29+61.3% | $-0.75-314.3% | $0.35+133.7% | $-1.04 |
NYMT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.4B+17.5% | $10.6B+5.5% | $10.0B+8.5% | $9.2B+12.0% | $8.2B+10.5% | $7.4B+0.6% | $7.4B+6.7% | $6.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $185.3M+15.5% | $160.4M-9.4% | $177.1M+5.8% | $167.4M-28.9% | $235.5M+3.8% | $226.9M+21.3% | $187.1M-18.1% | $228.3M |
| 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 | $22.4M | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Total Liabilities | $11.0B+20.1% | $9.2B+6.6% | $8.6B+10.0% | $7.8B+15.4% | $6.8B+14.1% | $5.9B+2.7% | $5.8B+8.5% | $5.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $766.6M+17.4% | $653.0M-0.2% | $654.4M+14.2% | $573.2M-28.4% | $800.7M-20.0% | $1.0B+7.1% | $934.1M+71.6% | $544.4M |
| Total Equity | $1.4B+0.7% | $1.4B-1.5% | $1.4B+0.5% | $1.4B-2.6% | $1.4B-3.6% | $1.5B-6.0% | $1.6B+0.3% | $1.6B |
| Retained Earnings | -$1.4B+0.8% | -$1.4B-1.6% | -$1.4B+0.8% | -$1.4B-3.3% | -$1.4B-3.3% | -$1.3B-6.9% | -$1.3B+1.0% | -$1.3B |
NYMT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.9M-82.4% | $39.2M+51.9% | $25.8M-11.3% | $29.1M+3032.1% | -$993K+92.4% | -$13.1M-200.4% | $13.1M-53.9% | $28.4M |
| Capital Expenditures | N/A | N/A | N/A | $3.5M-54.4% | $7.6M+26.4% | $6.0M+6.8% | $5.6M-52.6% | $11.8M |
| Free Cash Flow | N/A | N/A | N/A | $25.7M+399.8% | -$8.6M+55.2% | -$19.1M-355.9% | $7.5M-54.8% | $16.5M |
| Investing Cash Flow | -$1.6B-343.1% | -$360.0M+54.7% | -$794.2M-35.9% | -$584.3M-2.1% | -$572.1M-125.3% | -$254.0M+36.1% | -$397.4M+47.6% | -$758.3M |
| Financing Cash Flow | $1.6B+416.3% | $313.5M-56.1% | $713.8M+29.3% | $552.2M+0.3% | $550.5M+68.3% | $327.2M-9.0% | $359.5M-51.4% | $739.9M |
| Dividends Paid | $18.1M-0.5% | $18.2M-1.6% | $18.5M+1.9% | $18.1M-0.7% | $18.2M-10.8% | $20.5M-24.8% | $27.2M-0.6% | $27.4M |
| Share Buybacks | $0 | N/A | N/A | $0-100.0% | $3.5M | $0 | $0-100.0% | $5.0M |
NYMT Financial Ratios
| 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 | 24.6%+21.5pp | 3.0%-26.0pp | 29.1%+56.0pp | -26.9%-0.7pp | -26.2%+69.4pp | -95.6%-137.3pp | 41.7%+185.8pp | -144.1% |
| Net Margin | 27.9%+21.8pp | 6.1%-26.4pp | 32.5%+59.0pp | -26.5%-9.4pp | -17.2%+51.9pp | -69.0%-122.2pp | 53.2%+182.8pp | -129.6% |
| Return on Equity | 3.2%+2.6pp | 0.6%-2.4pp | 3.0%+0.0pp | 3.0% | N/A | N/A | 2.6% | N/A |
| Return on Assets | 0.4%+0.3pp | 0.1%-0.3pp | 0.4%+0.8pp | -0.3%-0.1pp | -0.2%+0.6pp | -0.8%-1.4pp | 0.6%+1.8pp | -1.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.55+0.1 | 0.470.0 | 0.47+0.1 | 0.41-0.1 | 0.56-0.1 | 0.67+0.1 | 0.59+0.2 | 0.35 |
| FCF Margin | N/A | N/A | N/A | 21.7%+31.1pp | -9.4%+13.4pp | -22.8%-32.3pp | 9.5%-15.9pp | 25.4% |
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Frequently Asked Questions
What is New York Mortgage Trust's annual revenue?
New York Mortgage Trust (NYMT) reported $401.3M in total revenue for fiscal year 2024. This represents a 55.1% 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 New York Mortgage Trust's revenue growing?
New York Mortgage Trust (NYMT) revenue grew by 55.1% year-over-year, from $258.7M to $401.3M in fiscal year 2024.
Is New York Mortgage Trust profitable?
No, New York Mortgage Trust (NYMT) reported a net income of -$62.0M in fiscal year 2024, with a net profit margin of -15.5%.
What is New York Mortgage Trust's earnings per share (EPS)?
New York Mortgage Trust (NYMT) reported diluted earnings per share of $-1.14 for fiscal year 2024. This represents a -15.2% 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.
What is New York Mortgage Trust's EBITDA?
New York Mortgage Trust (NYMT) had EBITDA of -$53.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does New York Mortgage Trust have?
As of fiscal year 2024, New York Mortgage Trust (NYMT) had $167.4M in cash and equivalents against $573.2M in long-term debt.
What is New York Mortgage Trust's operating margin?
New York Mortgage Trust (NYMT) had an operating margin of -23.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is New York Mortgage Trust's net profit margin?
New York Mortgage Trust (NYMT) had a net profit margin of -15.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is New York Mortgage Trust's free cash flow?
New York Mortgage Trust (NYMT) generated -$10.6M in free cash flow during fiscal year 2024. This represents a 48.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is New York Mortgage Trust's operating cash flow?
New York Mortgage Trust (NYMT) generated $14.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are New York Mortgage Trust's total assets?
New York Mortgage Trust (NYMT) had $9.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are New York Mortgage Trust's capital expenditures?
New York Mortgage Trust (NYMT) invested $24.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does New York Mortgage Trust buy back shares?
Yes, New York Mortgage Trust (NYMT) spent $3.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does New York Mortgage Trust have outstanding?
New York Mortgage Trust (NYMT) had 91M shares outstanding as of fiscal year 2024.
What is New York Mortgage Trust's debt-to-equity ratio?
New York Mortgage Trust (NYMT) had a debt-to-equity ratio of 0.41 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is New York Mortgage Trust's return on assets (ROA)?
New York Mortgage Trust (NYMT) had a return on assets of -0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is New York Mortgage Trust's Piotroski F-Score?
New York Mortgage Trust (NYMT) 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 New York Mortgage Trust's earnings high quality?
New York Mortgage Trust (NYMT) has an earnings quality ratio of -0.23x, considered mixed 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.
Can New York Mortgage Trust cover its interest payments?
New York Mortgage Trust (NYMT) has an interest coverage ratio of -0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is New York Mortgage Trust?
New York Mortgage Trust (NYMT) scores 49 out of 100 on our Financial Profile, indicating moderate 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.