Granite Point Mortgage Trust Inc. (GPMT) Balance Sheet
GPMT balance sheet, 2025
December 31, 2025 · U.S. dollars$1.76B assets = $1.20B liabilities + $552.8M equity
Both columns are drawn to the same scale: what GPMT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GPMT financial health
Descriptive bands, not a rating. Fiscal 2025.
GPMT balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.50B2016 | $1.76B2025 | +1.8%/yr | |
| Total liabilities | $1.07B2016 | $1.20B2025 | +1.3%/yr | |
| Shareholders’ equity | $428.0M2016 | $552.7M2025 | +2.9%/yr | |
| Cash & short-term investments | $68.7M2016 | $66.0M2025 | −0.5%/yr | |
| Total debt | $1.04B2016 | $1.17B2025 | +1.3%/yr | |
| Net cash (debt) | −$976.1M2016 | −$1.11B2025 | −$130.0M | |
| Working capital | −$999.6M2016 | −$443.6M2025 | +$556.0M | |
| Book value per share | $185.722022 | $115.462025 | −14.7%/yr | |
| Current ratio | 0.062016 | 0.142025 | +0.08 | |
| Debt / equity | 2.442016 | 2.122025 | −0.32 | |
| Shares outstanding | 5.3M2022 | 4.8M2025 | −3.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GPMT assets
GPMT liabilities and equity
GPMT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GPMT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $66.0M | $87.8M | $188.4M | $133.1M | $191.9M | $261.4M | $93.1M | $104.3M | $120.6M | $68.7M |
| Cash & equivalents | $66.0M | $87.8M | $188.4M | $133.1M | $191.9M | $261.4M | $80.3M | $91.7M | $107.8M | $56.0M |
| Short-term investments | — | — | — | $3.35B | $3.78B | $0 | $12.8M | $12.6M | $12.8M | $12.7M |
| Receivables | $7.6M | $1.90B | $2.58B | $3.27B | $10.7M | $12.4M | $11.3M | $10.3M | $7.1M | $11.7M |
| Inventory | $0 | $0 | $16.9M | $1 | $1 | $1 | $1 | $0 | −$22.3M | $0 |
| Other current assets | $0 | $35.4M | $6.3M | $20.4M | $0 | $0 | $0 | $19.1M | $12.8M | $0 |
| Total current assets | $73.6M | $2.02B | $2.80B | $3.42B | $202.6M | $273.8M | $104.4M | $133.7M | $118.2M | $68.0M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $13.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $30.9M | $39.3M | $55.0M | $12.7M |
| Other non-current assets | $1.67B | $94.3M | $51.5M | $32.7M | $3.79B | $3.95B | $4.33B | $3.19B | $2.33B | $1.41B |
| Total assets | $1.76B | $2.12B | $2.85B | $3.45B | $3.99B | $4.22B | $4.46B | $3.36B | $2.50B | $1.50B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $14.3M | $14.4M | $25.0M | $7.3M | $6.4M | $3.1M | $655,000 |
| Short-term debt | $510.9M | $597.9M | $875.4M | $677.2M | $1.53B | $1.76B | $42.0M | $75.0M | $121.3M | $593.6M |
| Total current liabilities | $517.1M | $604.1M | $889.6M | $691.5M | $451.1M | $1.07B | $49.3M | $24.7M | $1.67B | $1.07B |
| Long-term debt | $661.1M | $788.3M | $991.7M | $1.27B | $2.09B | $1.40B | $2.97B | $1.66B | $1.59B | $451.2M |
| Other long-term liabilities | $24.2M | $103.5M | $106.6M | $508.3M | $170.8M | $123.1M | $0 | $0 | $0 | $142.6M |
| Total liabilities | $1.20B | $1.50B | $1.99B | $2.47B | $2.26B | $1.53B | $3.44B | $2.53B | $1.67B | $1.07B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $476,000 | $488,000 | $506,000 | $524,000 | $538,000 | $552,000 | $549,000 | $436,000 | $432,000 | $392.6M |
| Retained earnings (deficit) | −$643.1M | −$577.3M | −$339.7M | −$219.4M | −$112.8M | −$125.0M | −$29.9M | −$9.0M | −$1.5M | $35.5M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | — |
| Accumulated other comprehensive income | — | $0 | $0 | $0 | $0 | $0 | $32,000 | −$192,000 | −$30.0M | −$112,000 |
| Minority interest | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 | — | — | — | $0 | — |
| Total shareholders' equity | $552.7M | $619.1M | $858.9M | $984.5M | $1.73B | $2.69B | $1.02B | $827.5M | $828.6M | $428.0M |
| Key figures | ||||||||||
| Total debt | $1.17B | $1.47B | $1.95B | $2.43B | $3.62B | $3.17B | $3.01B | $1.73B | $1.71B | $1.04B |
| Net cash (debt) | −$1.11B | −$1.39B | −$1.76B | −$2.30B | −$3.43B | −$2.91B | −$2.92B | −$1.63B | −$1.59B | −$976.1M |
| Working capital | −$443.6M | $1.42B | $1.91B | $2.73B | −$248.5M | −$795.0M | $55.1M | $109.0M | −$1.55B | −$999.6M |
| Tangible book value | $539.4M | $619.1M | $858.9M | $984.5M | $1.73B | $2.69B | $1.02B | $827.5M | $828.6M | $428.0M |
| Book value per share | $115.46 | $126.14 | $166.32 | $185.72 | — | — | — | — | — | — |
| Shares outstanding | 4.8M | 4.9M | 5.2M | 5.3M | — | — | — | — | — | — |
| Current ratio | 0.14 | 3.35 | 3.14 | 4.95 | 0.45 | 0.26 | 2.12 | 5.40 | 0.07 | 0.06 |
| Quick ratio | 0.14 | 3.29 | 3.12 | 4.92 | 0.45 | 0.26 | 2.12 | 4.63 | 0.08 | 0.08 |
| Debt / equity | 2.12 | 2.38 | 2.27 | 2.47 | 2.10 | 1.18 | 2.95 | 2.09 | 2.06 | 2.44 |
| Equity / assets | 31.5% | 29.3% | 30.2% | 28.5% | 43.3% | 63.8% | 22.8% | 24.6% | 33.2% | 28.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $58.5M | $43.6M | $66.0M | $62.7M | $85.1M | $85.7M | $87.8M | $113.5M | $85.9M | $155.2M | $188.4M | $257.6M |
| Cash & equivalents | $58.5M | $43.6M | $66.0M | $62.7M | $85.1M | $85.7M | $87.8M | $113.5M | $85.9M | $155.2M | $188.4M | $257.6M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $12.8M | — | — |
| Receivables | $5.5M | $7.0M | $7.6M | $7.6M | $1.67B | $1.76B | $1.90B | $2.08B | $2.35B | $2.49B | $2.58B | $13.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $16.4M | $16.9M | $17.5M |
| Other current assets | $49.0M | $599,000 | $0 | $0 | $18.3M | $22.1M | $35.4M | $20.4M | $23.6M | $7.8M | $6.3M | $0 |
| Total current assets | $112.9M | $51.1M | $73.6M | $70.3M | $1.77B | $1.87B | $2.02B | $2.22B | $2.46B | $2.67B | $2.80B | $270.6M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $5.9M | $12.3M | $13.3M | $0 | $11.0M | $12.0M | $0 | $11.0M | $10.8M | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.34B | $1.48B | $1.67B | $1.74B | $132.3M | $150.0M | $94.3M | $73.0M | $73.7M | $48.3M | $51.5M | $2.86B |
| Total assets | $1.46B | $1.54B | $1.76B | $1.81B | $1.92B | $2.03B | $2.12B | $2.30B | $2.55B | $2.72B | $2.85B | $3.13B |
| Liabilities | ||||||||||||
| Short-term debt | $863.7M | $955.0M | $510.9M | $517.4M | $474.4M | $534.5M | $597.9M | $1.39B | $306.9M | $160.1M | $875.4M | $100.0M |
| Total current liabilities | $319.9M | $955.0M | $517.1M | $523.6M | $480.6M | $540.8M | $604.1M | $1.39B | $313.2M | $171.8M | $889.6M | $100.0M |
| Long-term debt | $567.5M | $553.3M | $661.1M | $677.1M | $743.5M | $773.3M | $788.3M | $816.1M | $938.1M | $990.6M | $991.7M | $1.18B |
| Other long-term liabilities | $94.9M | $0 | $24.2M | $23.1M | $109.6M | $111.4M | $103.5M | $0 | $590.7M | $783.6M | $106.6M | $0 |
| Total liabilities | $982.4M | $998.6M | $1.20B | $1.22B | $1.33B | $1.43B | $1.50B | $1.63B | $1.84B | $1.95B | $1.99B | $2.24B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $482,000 | $479,000 | $476,000 | $474,000 | $474,000 | $484,000 | $488,000 | $500,000 | $507,000 | $510,000 | $506,000 | $516,000 |
| Retained earnings (deficit) | −$716.4M | −$651.8M | −$643.1M | −$613.2M | −$610.1M | −$590.5M | −$577.3M | −$532.2M | −$494.9M | −$425.5M | −$339.7M | −$312.1M |
| Accumulated other comprehensive income | — | — | — | — | $0 | — | $0 | — | $0 | −$510,000 | $0 | $312.1M |
| Minority interest | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $480.3M | $543.7M | $552.7M | $582.0M | $584.2M | $604.7M | $619.1M | $667.8M | $704.6M | $774.1M | $858.9M | $890.6M |
| Key figures | ||||||||||||
| Total debt | $953.0M | $972.6M | $1.17B | $1.19B | $1.30B | $1.39B | $1.47B | $1.61B | $1.81B | $1.92B | $1.95B | $1.28B |
| Net cash (debt) | −$894.6M | −$929.0M | −$1.11B | −$1.13B | −$1.22B | −$1.31B | −$1.39B | −$1.49B | −$1.73B | −$1.76B | −$1.76B | −$1.02B |
| Working capital | −$207.0M | −$903.8M | −$443.6M | −$453.3M | $1.29B | $1.33B | $1.42B | $822.8M | $2.15B | $2.50B | $1.91B | $170.6M |
| Tangible book value | $474.4M | $531.4M | $539.4M | $582.0M | $573.2M | $592.7M | $619.1M | $656.8M | $693.8M | $774.1M | $858.9M | $890.6M |
| Book value per share | $100.06 | $114.06 | $116.58 | $122.80 | $121.63 | $124.24 | $125.09 | $132.17 | $138.32 | $152.55 | $167.90 | $172.68 |
| Shares outstanding | 4.8M | 4.8M | 4.7M | 4.7M | 4.8M | 4.9M | 4.9M | 5.1M | 5.1M | 5.1M | 5.1M | 5.2M |
| Current ratio | 0.35 | 0.05 | 0.14 | 0.13 | 3.69 | 3.45 | 3.35 | 1.59 | 7.86 | 15.55 | 3.14 | 2.71 |
| Quick ratio | 0.20 | 0.05 | 0.14 | 0.13 | 3.65 | 3.41 | 3.29 | 1.58 | 7.79 | 15.41 | 3.12 | 2.71 |
| Debt / equity | 1.98 | 1.79 | 2.12 | 2.05 | 2.23 | 2.31 | 2.38 | 2.41 | 2.58 | 2.48 | 2.27 | 1.43 |
| Equity / assets | 32.8% | 35.3% | 31.5% | 32.2% | 30.5% | 29.8% | 29.3% | 29.0% | 27.7% | 28.5% | 30.2% | 28.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
GPMT financial position
At the end of fiscal 2025 (December 31, 2025), Granite Point Mortgage had total assets of $1.8 billion (down 17.0% from a year earlier), total liabilities of $1.2 billion and shareholders' equity of $552.7 million. It held $66.0 million in cash and short-term investments against $1.2 billion of debt, net debt of $1.1 billion. Its current ratio was 0.14. In the latest quarter (ended June 30, 2026) total assets were $1.5 billion and equity $480.3 million.
Related: GPMT income statement, GPMT cash flow statement, GPMT key metrics. See the GPMT stock overview for the latest quote and news.
GPMT balance sheet FAQ
What are Granite Point Mortgage's total assets?
Granite Point Mortgage reported total assets of $1.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.1 billion a year earlier.
How much debt does Granite Point Mortgage have?
Granite Point Mortgage had $1.2 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 2.12.
How much cash does Granite Point Mortgage have?
Granite Point Mortgage held $66.0 million in cash and short-term investments at the end of fiscal 2025; with $1.2 billion of debt that is net debt of $1.1 billion.
What is Granite Point Mortgage's book value?
Granite Point Mortgage's shareholders' equity (book value) was $552.7 million at the end of fiscal 2025, or $115.46 per share.
What is Granite Point Mortgage's current ratio?
Granite Point Mortgage had current assets of $73.6 million and current liabilities of $517.1 million, a current ratio of 0.14 (current liabilities exceed current assets).
How much goodwill does Granite Point Mortgage have?
Granite Point Mortgage carried $13.3 million of goodwill and intangible assets, 0.8% of total assets, at the end of fiscal 2025.