Claros Mortgage Trust, Inc. (CMTG) Revenue History
Annual and quarterly revenue from 2018 to present
CMTG Revenue Over Time (2018–2025)
CMTG Revenue Growth History
5 of 7 years with positive growth- FY2018 revenue growth
- N/A
- FY2019 revenue growth
- +49.3%
- FY2020 revenue growth
- +7.2%
- FY2021 revenue growth
- -19.7%
- FY2022 revenue growth
- +25.7%
- FY2023 revenue growth
- -51.9%
- FY2024 revenue growth
- +31.5%
- FY2025 revenue growth
- +152.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $29.8M | -77.5% |
| Q4 2025 | $75.2M | +218.9% |
| Q3 2025 | $132.8M | +739.2% |
| Q2 2025 | $133.6M | +105.4% |
| Q1 2025 | $132.6M | +207.3% |
| Q4 2024 | $23.6M | -63.5% |
| Q3 2024 | $-20,779,000 | -127.7% |
| Q2 2024 | $65.1M | +93.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2021)
CMTG's revenue distribution by segment and geography for fiscal year 2021
By Product/Segment
CMTG Revenue Analysis (2018–2025)
Current Revenue & Growth
As of June 22, 2026, Claros Mortgage Trust, Inc. (CMTG) generated trailing twelve-month (TTM) revenue of $371.5 million, reflecting significant decline in growth of -77.5% year-over-year. The most recent quarter (Q1 2026) recorded $29.8 million in revenue, down 60.4% sequentially.
Historical Growth Trajectory
CMTG's 5-year compound annual growth rate (CAGR) stands at +10.0%, indicating steady revenue expansion. The 3-year CAGR of +16.8% exceeds the 5-year average, indicating an acceleration in the most recent period. Claros Mortgage Trust, Inc.'s highest annual revenue of $430.5 million was recorded in 2025, an all-time high.
Revenue by Segment
CMTG's revenue is primarily driven by Loan (95%), and All Other Segments (5%). With over half of revenue concentrated in Loan, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Real Estate sector peers — including BXMT (-7.0% YoY), KREF (-20.0% YoY), and TRTX (+307.7% YoY) — CMTG has underperformed the peer group in revenue growth. Compare CMTG vs BXMT →
CMTG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CMTGCurrent | $371M | -77.5% | +10.0% | -113.6% | |
 BXMT | $1.5B | -7.0% | +14.4% | 71.6% | |
 KREF | $458M | -20.0% | +11.2% | 59.3% | |
 TRTX | $333M | +307.7% | +32.7% | 73.0% | |
 GPMT | $145M | +249.6% | +6.7% | 43.6% | |
 BRSP | $332M | -0.3% | -4.8% | 39.5% |
CMTG Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $430.5M | +152.2% | $-374,196,000 | -86.9% | $-489,069,000 | -113.6% |
| 2024 | $170.7M | +31.5% | $-48,806,000 | -28.6% | $-190,364,000 | -111.5% |
| 2023 | $129.8M | -51.9% | $80.3M | 61.9% | $107.5M | 82.8% |
| 2022 | $270.2M | +25.7% | $270.2M | 100.0% | $0 | - |
| 2021 | $215.0M | -19.7% | $215.0M | 100.0% | $0 | - |
| 2020 | $267.7M | +7.2% | $267.7M | 100.0% | $206.3M | 77.1% |
| 2019 | $249.6M | +49.3% | $249.6M | 100.0% | $173.9M | 69.7% |
| 2018 | $167.2M | - | $139.1M | 83.2% | $134.7M | 80.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
8+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
CMTG — Frequently Asked Questions
Quick answers to the most common questions about buying CMTG stock.
Is CMTG's revenue growth accelerating or slowing?
CMTG revenue is declining -77.5% year-over-year. TTM revenue fell to $371M, contrasting with the 5-year CAGR of +10.0%. The reversal reflects either macro headwinds or company-specific challenges.
What is CMTG's revenue history from 2018 to 2026?
Claros Mortgage Trust, Inc. (CMTG) revenue history spans 2018 to 2026. TTM revenue as of 2026 is $371M, growing at -77.5% YoY. The 5-year CAGR is +10.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CMTG's long-term revenue growth rate (CAGR)?
Claros Mortgage Trust, Inc.'s 5-year revenue CAGR of +10.0% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -77.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CMTG.
Why does CMTG's quarterly revenue fluctuate?
CMTG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Claros Mortgage Trust, Inc.'s revenue data from 2018 to 2026 shows full historical quarterly detail on this page.
How is CMTG's revenue distributed by segment?
CMTG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does CMTG's revenue compare to industry peers?
Claros Mortgage Trust, Inc. (CMTG) with TTM revenue of $371M and -77.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.