Blackstone Mortgage Trust, Inc. (BXMT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 380.15M | 389.03M | 372.96M | 393.31M | 365.66M | 397.49M | 426.07M | 461.34M | 482.14M | 500.6M | 514.6M | 514.77M | 482.96M | 454M | 351.96M | 280.46M | 232.69M | 268.75M | 198.54M | 194.7M |
| Revenue Growth % | 3.96% | -2.13% | -12.46% | -14.75% | -24.16% | -20.6% | -17.2% | -10.38% | -0.17% | 10.26% | 46.21% | 83.55% | 107.56% | 68.93% | 77.28% | 44.04% | 25.27% | 43.66% | 3.21% | 1.69% |
| Property Operating Expenses | 302.71M | 115.69M | 74.99M | 81.54M | 79.82M | 55.54M | 22.99M | 19.1M | 18.93M | 26.34M | 28.88M | 32.81M | 31.05M | 33.83M | 25.91M | 27.07M | 23.49M | 28.37M | 19.34M | 21.55M |
| Net Operating Income (NOI) | 77.44M | 273.34M | 297.98M | 311.77M | 285.85M | 341.95M | 403.08M | 442.25M | 463.21M | 474.26M | 485.72M | 481.95M | 451.91M | 420.17M | 326.05M | 253.39M | 209.2M | 240.37M | 179.2M | 173.16M |
| NOI Margin % | 20.37% | 70.26% | 79.89% | 79.27% | 78.17% | 86.03% | 94.6% | 95.86% | 96.07% | 94.74% | 94.39% | 93.63% | 93.57% | 92.55% | 92.64% | 90.35% | 89.91% | 89.44% | 90.26% | 88.93% |
| Operating Expenses | 28.79M | 5.79M | -9.44M | 39.7M | 42.94M | 16.05M | 138.57M | 161.43M | 244.18M | 123.69M | 103.78M | 33.67M | 14.24M | 195M | 18.57M | 22.11M | 8.07M | 18.4M | 12.03M | -44.04M |
| G&A Expenses | 28.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | 48.65M | 288.43M | 322.45M | 288.78M | 259.19M | 334.08M | 265.72M | 281M | 221.99M | 350.65M | 386.48M | 448.28M | 437.67M | 225.17M | 307.48M | 231.28M | 201.13M | 221.97M | 167.16M | 217.19M |
| EBITDA Margin % | 12.8% | 74.14% | 86.46% | 73.42% | 70.88% | 84.05% | 62.37% | 60.91% | 46.04% | 70.05% | 75.1% | 87.08% | 90.62% | 49.6% | 87.36% | 82.47% | 86.44% | 82.6% | 84.2% | 111.55% |
| Depreciation & Amortization | 0 | 20.88M | 15.04M | 16.71M | 16.28M | 8.19M | 1.21M | 185K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A / Revenue % | 0% | 5.37% | 4.03% | 4.25% | 4.45% | 2.06% | 0.28% | 0.04% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Operating Income | 48.65M | 267.55M | 307.42M | 272.07M | 242.91M | 325.89M | 264.51M | 280.81M | 219.03M | 350.57M | 381.94M | 448.28M | 437.67M | 225.17M | 307.48M | 231.28M | 201.13M | 221.97M | 167.16M | 217.19M |
| Operating Margin % | 12.8% | 68.77% | 82.43% | 69.18% | 66.43% | 81.99% | 62.08% | 60.87% | 45.43% | 70.03% | 74.22% | 87.08% | 90.62% | 49.6% | 87.36% | 82.47% | 86.44% | 82.6% | 84.2% | 111.55% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 0.22x | 1.17x | 1.26x | 1.02x | 1.00x | 1.13x | 0.83x | 0.83x | 0.65x | 1.00x | 1.09x | 1.30x | 1.38x | 0.83x | 1.52x | 1.69x | 2.00x | 2.29x | 2.02x | 2.64x |
| Non-Operating Income | 0 | -7.27M | -3.92M | 2.02M | 874K | 3.96M | -2.39M | 0 | -2.96M | -75K | -4.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | -5.18M | 40.16M | 64.92M | 7.89M | 367K | 36.92M | -55.23M | -58.98M | -122.17M | -1.02M | 32.13M | 103.7M | 120.45M | -46.05M | 105.09M | 94.61M | 100.41M | 124.94M | 84.47M | 132.64M |
| Pretax Margin % | -1.36% | 10.32% | 17.41% | 2.01% | 0.1% | 9.29% | -12.96% | -12.79% | -25.34% | -0.2% | 6.24% | 20.14% | 24.94% | -10.14% | 29.86% | 33.73% | 43.15% | 46.49% | 42.55% | 68.13% |
| Income Tax | 1.16M | 535K | 1.51M | 903K | 718K | -458K | 613K | 1.22M | 1M | 699K | 1.57M | 1.2M | 1.89M | 939K | 1.17M | 746K | 146K | 77K | 70K | 175K |
| Effective Tax Rate % | -22.35% | 1.33% | 2.33% | 11.45% | 195.64% | -1.24% | -1.11% | -2.06% | -0.82% | -68.73% | 4.88% | 1.16% | 1.57% | -2.04% | 1.12% | 0.79% | 0.15% | 0.06% | 0.08% | 0.13% |
| Net Income | -6.3M | 39.56M | 63.4M | 6.97M | -357K | 37.19M | -56.38M | -61.06M | -123.84M | -2.38M | 29.52M | 101.65M | 117.76M | -47.54M | 103.25M | 93.25M | 99.69M | 123.94M | 83.76M | 131.59M |
| Net Margin % | -1.66% | 10.17% | 17% | 1.77% | -0.1% | 9.36% | -13.23% | -13.23% | -25.69% | -0.47% | 5.74% | 19.75% | 24.38% | -10.47% | 29.33% | 33.25% | 42.84% | 46.12% | 42.19% | 67.59% |
| Net Income Growth % | -1663.87% | 6.37% | 212.44% | 111.41% | 99.71% | 1664.62% | -290.98% | -160.07% | -205.16% | 95% | -71.4% | 9.01% | 18.13% | -138.36% | 23.27% | -29.14% | 24.76% | 48.22% | -6.79% | 650.09% |
| Funds From Operations (FFO) | -6.3M | 60.44M | 78.44M | 23.68M | 15.92M | 45.38M | -55.17M | -60.87M | -123.84M | -2.38M | 29.52M | 101.65M | 117.76M | -47.54M | 103.25M | 93.25M | 99.69M | 55.03M | 83.76M | 131.59M |
| FFO Margin % | -1.66% | 15.54% | 21.03% | 6.02% | 4.35% | 11.42% | -12.95% | -13.19% | -25.69% | -0.47% | 5.74% | 19.75% | 24.38% | -10.47% | 29.33% | 33.25% | 42.84% | 20.48% | 42.19% | 67.59% |
| FFO Growth % | - | 33.17% | 242.17% | 138.89% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| FFO per Share | -0.04 | 0.35 | 0.46 | 0.14 | 0.09 | 0.26 | -0.32 | -0.35 | -0.71 | -0.01 | 0.17 | 0.56 | 0.65 | -0.28 | 0.56 | 0.50 | 0.57 | 0.37 | 0.56 | 0.89 |
| FFO Payout Ratio % | -1255.87% | 132.76% | 102.8% | 340.61% | 510.07% | 179.15% | -195.11% | -176.89% | -86.72% | -4494.03% | 361.85% | 105.08% | 90.4% | -222.87% | 102.26% | 113.22% | 104.6% | 176.89% | 108.82% | 69.27% |
| EPS (Diluted) | -0.04 | 0.23 | 0.37 | 0.04 | -0.00 | 0.21 | -0.32 | -0.35 | -0.71 | -0.01 | 0.17 | 0.58 | 0.67 | -0.27 | 0.56 | 0.54 | 0.57 | 0.84 | 0.56 | 0.89 |
| EPS Growth % | - | 9.52% | 215.63% | 111.57% | 99.7% | 1632.85% | -288.24% | -160.34% | -205.97% | 94.93% | -69.64% | 7.41% | 17.54% | -132.14% | 0% | -39.33% | 5.56% | 47.37% | -8.2% | 584.62% |
| EPS (Basic) | -0.04 | 0.23 | 0.37 | 0.04 | -0.00 | 0.21 | -0.32 | -0.35 | -0.71 | -0.01 | 0.17 | 0.59 | 0.68 | -0.27 | 0.56 | 0.55 | 0.59 | 0.84 | 0.56 | 0.89 |
| Diluted Shares Outstanding | 169.08M | 170.96M | 171.81M | 171.89M | 172M | 172.79M | 173.64M | 173.97M | 174.04M | 173.21M | 172.65M | 180.89M | 180.87M | 171.7M | 185.32M | 185.01M | 175.6M | 149.22M | 149.22M | 147.34M |