Granite Point Mortgage Trust Inc. (GPMT) Income Statement
GPMT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGPMT revenue and net income
Where GPMT's revenue goes
2025Each bar shows an amount and its share of revenue. GPMT kept −28.3% of revenue as net income.
GPMT profit margins
GPMT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | +22.9% | +6.7% | +32.4% |
| Gross profit | — | +15.5% | +9.7% | +29.9% |
| Operating income | — | +49.8% | — | +62.2% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GPMT quarterly EPS vs estimates
Granite Point Mortgage beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 4, 2026 (estimate $-3.10).
GPMT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $145.3M | $0 | $0 | $78.3M | $87.5M | $104.9M | $106.8M | $91.6M | $74.0M | $49.4M |
| Cost of revenue | $24.7M | $5.4M | $5.3M | $31.0M | $30.1M | $29.0M | $3.7M | $16.0M | $11.0M | $18.2M |
| Gross profit | $120.6M | −$170.9M | −$28.0M | $78.3M | $57.4M | $75.9M | $106.8M | $75.6M | $63.0M | $49.4M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 |
| Sales, general & admin | $19.9M | $19.5M | $21.7M | $20.2M | $21.5M | $15.8M | $29.2M | $12.5M | $9.7M | $13.9M |
| Total operating expenses | $57.3M | $19.5M | $21.7M | $78.3M | −$19.0M | −$144.8M | $106.8M | $30.7M | $22.1M | $14.7M |
| Operating income | $63.3M | −$190.3M | −$49.7M | $18.8M | $68.5M | −$39.8M | $70.2M | $154.6M | $95.8M | $46.4M |
| Interest income | $131.7M | $185.6M | $263.7M | $210.9M | $198.3M | $237.7M | $246.3M | $183.9M | $117.8M | $60.8M |
| Interest expense | $97.9M | $149.7M | $181.7M | $126.1M | $105.6M | $112.9M | $137.0M | $91.5M | $42.5M | $11.0M |
| Income before taxes | −$41.0M | $207.1M | −$63.1M | −$40.8M | $68.5M | −$39.8M | $70.2M | $63.1M | $53.3M | $35.3M |
| Income taxes | $149,000 | $10,000 | $95,000 | $17,000 | $192,000 | $593,000 | −$4,000 | −$2,000 | −$4,000 | −$11,000 |
| Net income | −$41.2M | −$207.1M | −$63.2M | −$40.8M | $68.4M | −$40.4M | $70.2M | $63.1M | $53.3M | $35.4M |
| EBITDA | $56.9M | $6.5M | $3.5M | $70.8M | $85.1M | −$33.4M | $70.5M | $154.6M | $95.8M | $46.4M |
| EPS (diluted) | −$1.99 | −$2.88 | −$0.34 | $0.28 | $1.00 | $1.17 | $1.41 | $1.53 | $1.26 | $8.18 |
| Gross margin | 83.0% | — | — | 100.0% | 65.6% | 72.3% | 100.0% | 82.5% | 85.2% | 100.0% |
| Operating margin | 43.6% | — | — | 24.1% | 78.3% | −38.0% | 65.7% | 168.7% | 129.4% | 93.9% |
| Net margin | −28.3% | — | — | −52.2% | 78.1% | −38.5% | 65.7% | 68.9% | 72.0% | 71.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.3M | $29.2M | $32.1M | $36.5M | $37.0M | $10.1M | $9.5M | $10.3M | $7.8M | $12.3M | $17.2M | $19.7M |
| Cost of revenue | $8.8M | $9.3M | $6.4M | $21.8M | $36.7M | $0 | $1.4M | $13.4M | $3.3M | $1.4M | $1.3M | $9.6M |
| Gross profit | $16.5M | $19.9M | $25.7M | $14.7M | $298,000 | $10.1M | $9.5M | $10.3M | $7.8M | $12.3M | $17.2M | $19.7M |
| Sales, general & admin | $4.3M | $4.4M | $4.3M | $4.1M | $5.7M | $5.8M | $3.4M | $5.4M | $4.7M | $6.0M | $4.5M | $5.0M |
| Total operating expenses | $51.7M | $4.3M | $21.1M | $11.6M | $13.7M | $10.1M | $9.5M | $10.3M | $7.8M | $12.3M | $17.2M | $19.7M |
| Operating income | −$35.2M | $15.6M | $4.6M | $3.1M | −$13.4M | — | $5.8M | −$42.3M | $38.8M | $43.0M | −$17.1M | −$24.5M |
| Interest income | $21.8M | $26.0M | $29.1M | $33.7M | $33.8M | $35.1M | $38.7M | $44.3M | $48.5M | $54.1M | $61.5M | $66.7M |
| Interest expense | $17.0M | $18.0M | $21.6M | $23.4M | $25.8M | $27.1M | $31.1M | $36.6M | $40.3M | $41.5M | $44.2M | $46.8M |
| Income before taxes | −$58.3M | −$2.4M | −$23.8M | $3.1M | −$13.4M | −$6.9M | −$38.8M | −$31.0M | −$63.1M | −$74.1M | −$13.5M | −$20.9M |
| Income taxes | $91,000 | −$1,000 | $18,000 | $62,000 | −$1,000 | $70,000 | −$6,000 | −$2,000 | −$1,000 | −$1,000 | $1,000 | $15,000 |
| Net income | −$58.4M | −$2.4M | −$23.8M | $3.0M | −$13.4M | −$7.0M | −$38.8M | −$31.0M | −$63.1M | −$74.1M | −$13.5M | −$20.9M |
| EBITDA | −$38.0M | −$378,000 | −$2.2M | $5.3M | −$11.2M | — | −$74,000 | −$34.6M | $40.0M | $44.3M | $32.1M | −$24.5M |
| EPS (diluted) | −$0.81 | −$0.06 | −$0.06 | −$0.42 | −$0.94 | −$0.57 | −$1.98 | −$0.75 | −$0.18 | $0.03 | −$0.52 | −$0.14 |
| Gross margin | 65.2% | 68.1% | 80.0% | 40.3% | 0.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | −139.3% | 53.4% | 14.2% | 8.5% | −36.1% | — | 60.8% | −412.2% | 494.9% | 349.6% | −99.2% | −124.3% |
| Net margin | −231.2% | −8.3% | −74.1% | 8.3% | −36.1% | −69.4% | −410.0% | −302.6% | −804.0% | −603.2% | −78.3% | −106.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GPMT's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GPMT financial results
In fiscal year 2025 (ended December 31, 2025), Granite Point Mortgage reported revenue of $145.3 million. It had a net loss of $41.2 million, a net profit margin of −28.3%. Diluted earnings per share came to −$1.99. Over five years revenue grew at an average rate of 6.7% a year.
See the GPMT stock overview for the latest quote and news, or the GPMT chart for price history and technical indicators.
GPMT income statement FAQ
What is Granite Point Mortgage's annual revenue?
Granite Point Mortgage reported total revenue of $145.3 million for fiscal year 2025, which ended on December 31, 2025.
Is Granite Point Mortgage profitable?
No. Granite Point Mortgage reported a net loss of $41.2 million in fiscal 2025, a net profit margin of −28.3%; its operating margin was 43.6%.
What is Granite Point Mortgage's gross margin?
Granite Point Mortgage's gross margin was 83.0% in fiscal 2025: for every $100 of revenue, Granite Point Mortgage kept $83 after the direct cost of its products and services.
How fast is Granite Point Mortgage growing?
Revenue grew 6.7% a year on average over the last five fiscal years, from $104.9 million to $145.3 million.
What are Granite Point Mortgage's earnings per share?
Granite Point Mortgage earned $-1.99 per diluted share in fiscal 2025, compared with $-2.88 a year earlier.
When will Granite Point Mortgage report its next earnings?
Granite Point Mortgage is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Granite Point Mortgage's fiscal year end?
Granite Point Mortgage's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.