AG Mortgage Investment Trust, Inc. (MITT) Income Statement
MITT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMITT revenue and net income
Where MITT's revenue goes
2025Each bar shows an amount and its share of revenue. MITT kept 10.3% of revenue as net income.
MITT profit margins
MITT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.4% | +22.6% | — | +30.0% |
| Gross profit | +14.2% | +23.2% | — | +35.1% |
| Operating income | +14.9% | +70.4% | — | +26.1% |
| Net income | −12.7% | — | — | +13.4% |
| EPS (diluted) | +11.7% | +33.7% | −30.7% | −18.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MITT quarterly EPS vs estimates
AG Mortgage Investment beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.26).
MITT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $472.7M | $413.2M | $274.7M | $256.8M | $99.8M | $0 | $119.0M | $127.4M | $128.5M | $84.1M |
| Cost of revenue | $24.9M | $21.1M | $17.5M | $17.3M | $13.4M | $404.9M | $18.6M | $10.0M | $11.0M | $10.3M |
| Gross profit | $447.8M | $392.1M | $257.2M | $239.5M | $86.4M | −$795.2M | $100.4M | $117.4M | $117.6M | $73.8M |
| Research & development | — | — | $0 | $0 | $1 | $2 | $1 | $0 | $1 | $0 |
| Sales, general & admin | $2.1M | $7.5M | $7.7M | $8.1M | $6.8M | $9.1M | $10.2M | $9.8M | $10.1M | $10.1M |
| Total operating expenses | −$10.0M | −$6.3M | $8.6M | $146.9M | $4.4M | −$30.6M | −$26.1M | $121.6M | $44.7M | $23.7M |
| Operating income | $457.8M | $398.5M | $248.6M | $92.5M | $104.2M | −$420.9M | $92.9M | −$4.2M | $162.3M | $97.5M |
| Interest income | $480.3M | $408.5M | $240.1M | $180.3M | $70.7M | $74.5M | $171.7M | $156.5M | $128.8M | $123.0M |
| Interest expense | $403.8M | $342.6M | $212.5M | $118.9M | $27.2M | $36.9M | $90.1M | $70.5M | $43.7M | $33.8M |
| Income before taxes | $49.6M | $55.8M | $53.8M | −$53.1M | $72.3M | −$420.0M | $89.7M | $3.5M | $105.9M | $62.2M |
| Income taxes | $888,000 | $112,000 | $1.4M | $10.3M | −$31.9M | $963,000 | −$3.2M | −$15.6M | −$12.6M | −$1.5M |
| Net income | $48.7M | $55.7M | $53.8M | −$53.1M | $104.2M | −$420.9M | $92.9M | $1.6M | $118.6M | $63.7M |
| EBITDA | $476.3M | $398.5M | $266.3M | $71.3M | $136.1M | −$426.1M | $92.9M | $76.3M | $162.3M | $97.5M |
| EPS (diluted) | $0.86 | $0.77 | $0.24 | $0.36 | $2.23 | $5.37 | $5.25 | $6.60 | $5.67 | $5.70 |
| Gross margin | 94.7% | 94.9% | 93.6% | 93.3% | 86.6% | — | 84.3% | 92.2% | 91.5% | 87.8% |
| Operating margin | 96.9% | 96.4% | 90.5% | 36.0% | 104.4% | — | 78.1% | −3.3% | 126.3% | 115.9% |
| Net margin | 10.3% | 13.5% | 19.6% | −20.7% | 104.4% | — | 78.1% | 1.2% | 92.2% | 75.7% |
| 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 | $122.5M | $109.8M | $132.4M | $122.2M | $108.2M | $107.6M | $113.8M | $98.8M | $104.1M | $96.4M | $77.7M | $73.6M |
| Cost of revenue | $2.3M | $109.2M | $6.7M | $6.6M | $5.8M | $90.3M | $5.7M | $5.1M | $5.2M | $5.0M | $4.4M | $4.4M |
| Gross profit | $120.2M | $632,000 | $125.6M | $115.6M | $102.4M | $17.3M | $108.2M | $93.7M | $98.9M | $91.3M | $73.3M | $69.2M |
| Sales, general & admin | $2.3M | $509,000 | $510,000 | $508,000 | $2.3M | $591,000 | $4.1M | $594,000 | $1.2M | $652,000 | $485,000 | $2.1M |
| Total operating expenses | $6.6M | $4.0M | −$4.5M | −$10.6M | $2.6M | $5.8M | $5.6M | −$17.0M | $12.0M | −$6.9M | $522,000 | $11.2M |
| Operating income | $113.5M | −$3.4M | $130.1M | $126.2M | $99.8M | $11.5M | $102.6M | $110.7M | $86.9M | $98.2M | $72.8M | $57.9M |
| Interest income | $124.2M | $129.8M | $135.6M | $124.7M | $110.9M | $109.1M | $105.7M | $107.5M | $99.8M | $95.6M | $77.5M | $64.2M |
| Interest expense | $103.9M | $109.2M | $115.2M | $105.2M | $93.1M | $90.3M | $88.3M | $92.5M | $83.4M | $78.4M | $64.2M | $52.7M |
| Income before taxes | $14.5M | −$3.4M | $13.4M | $20.6M | $3.9M | $11.5M | $14.3M | $16.7M | $3.9M | $20.9M | $35.4M | −$2.2M |
| Income taxes | $188,000 | $182,000 | $145,000 | $689,000 | — | — | $54,000 | $16,000 | −$911,000 | −$2.0M | $2.0M | −$188,000 |
| Net income | $14.3M | −$3.6M | $13.3M | $20.0M | $3.9M | $11.5M | $14.3M | $16.6M | $3.9M | $20.9M | $35.4M | −$2.2M |
| EBITDA | $118.4M | $105.8M | $128.6M | $139.7M | $97.1M | $101.8M | $102.6M | $109.2M | $87.4M | $99.3M | $99.5M | $50.5M |
| EPS (diluted) | $0.24 | $0.26 | $0.25 | $0.23 | $0.18 | $0.20 | $0.18 | $0.17 | $0.21 | $0.21 | $0.03 | $0.10 |
| Gross margin | 98.1% | 0.6% | 94.9% | 94.6% | 94.7% | 16.1% | 95.0% | 94.8% | 95.0% | 94.8% | 94.3% | 94.0% |
| Operating margin | 92.7% | −3.1% | 98.3% | 103.2% | 92.3% | 10.7% | 90.1% | 112.0% | 83.5% | 101.9% | 93.6% | 78.8% |
| Net margin | 11.7% | −3.2% | 10.0% | 16.3% | 3.6% | 10.7% | 12.5% | 16.8% | 3.8% | 21.7% | 45.5% | −2.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MITT's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MITT financial results
In fiscal year 2025 (ended December 31, 2025), AG Mortgage Investment reported revenue of $472.7 million, up 14.4% from the year before. It had net income of $48.7 million (down 12.7%), a net profit margin of 10.3%. Diluted earnings per share came to $0.86.
See the MITT stock overview for the latest quote and news, or the MITT chart for price history and technical indicators.
MITT income statement FAQ
What is AG Mortgage Investment's annual revenue?
AG Mortgage Investment reported total revenue of $472.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 14.4% from $413.2 million the previous year.
Is AG Mortgage Investment profitable?
Yes. AG Mortgage Investment reported net income of $48.7 million in fiscal 2025, a net profit margin of 10.3%; its operating margin was 96.9%.
What is AG Mortgage Investment's gross margin?
AG Mortgage Investment's gross margin was 94.7% in fiscal 2025: for every $100 of revenue, AG Mortgage Investment kept $95 after the direct cost of its products and services.
What are AG Mortgage Investment's earnings per share?
AG Mortgage Investment earned $0.86 per diluted share in fiscal 2025, compared with $0.77 a year earlier.
When will AG Mortgage Investment report its next earnings?
AG Mortgage Investment is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does AG Mortgage Investment's fiscal year end?
AG Mortgage Investment's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.