Claros Mortgage Trust (CMTG) financial statements
Claros Mortgage Trust reported revenue of $188M in fiscal 2025, down 4.6% a year over 6 years.
Net income was -$489M.
Free cash flow was -$28M.
The diluted share count rose 26% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Claros Mortgage Trust's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $250M | $274M | $263M | $287M | $307M | $248M | $188M |
| Selling, general and admin | $3M | $9M | $13M | $19M | $17M | $16M | $20M |
| Operating income | — | — | $238M | $245M | $257M | $191M | $119M |
| Interest expense | $140M | $172M | $196M | $14M | $471M | $440M | $305M |
| Net income | $169M | $202M | $171M | $112M | $6M | -$221M | -$489M |
| EPS (diluted) | $1.51 | $1.52 | $1.27 | $0.79 | $0.02 | -$1.60 | -$3.49 |
| Diluted shares | 111M | 133M | 135M | 139M | 139M | 139M | 140M |
| Operating margin | — | — | 90.5% | 85.4% | 83.9% | 76.7% | 63.5% |
| Net margin | 67.6% | 73.9% | 64.9% | 39.0% | 2.0% | -89.1% | -260.4% |
Balance sheet
Fiscal years, from Claros Mortgage Trust's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $335M | $428M | $310M | $306M | $187M | $99M | $173M |
| Total assets | $6.5B | $7.0B | $7.5B | $8.2B | $8.1B | $7.0B | $4.7B |
| Total liabilities | — | $4.3B | $4.9B | $5.8B | $5.8B | $5.0B | $3.2B |
| Shareholders' equity | $2.4B | $2.4B | $2.6B | $2.5B | $2.3B | $2.0B | $1.5B |
| Net debt | -$335M | -$428M | -$310M | -$306M | -$187M | -$99M | -$173M |
Cash flow
Fiscal years, from Claros Mortgage Trust's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $130M | $140M | $214M | $111M | $111M | $85M | -$30M |
| Capital spending | — | — | — | -$2M | -$2M | -$1M | -$2M |
| Free cash flow | — | — | — | $113M | $113M | $86M | -$28M |
| Stock-based compensation | $25M | $6M | $9M | $8M | $17M | $18M | $14M |
| Dividends paid | — | — | $205M | $208M | $192M | $121M | $0 |
| Share buybacks (net) | — | — | -$4M | -$21M | — | — | — |
| Free cash flow margin | — | — | — | 39.5% | 36.9% | 34.6% | -15.0% |
| Dividends per share | — | — | $1.52 | $1.49 | $1.39 | $0.87 | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for CMTG.
Open CMTG in InvestinglyQuestions
What was Claros Mortgage Trust's revenue in 2025?
$188M in fiscal 2025, from its 10-K filing.
How much free cash flow does Claros Mortgage Trust generate?
-$28M in fiscal 2025 (operating cash flow minus capital spending).
From Claros Mortgage Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.