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Financial statements

Claros Mortgage Trust, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Claros Mortgage Trust, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Revenue250274263287307248188
General and administrative3.39912.618.716.615.720
Operating expenses75.761.4108130155165179
Interest expense140172181247471440305
Other non-operating income0.14-6.645.86
Net income to minority interests5.293.26-0.160.09
Net income1631951611126.03-221-489
EPS, basic1.511.521.270.790.02-1.60-3.49
EPS, diluted1.511.521.270.790.02-1.60-3.49
Shares, basic (weighted)111133135139139139140
Shares, diluted (weighted)111133135139139139140
Dividend per share0.60

Balance sheet

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents33542831030618799.1173
Total assets6,5486,9537,4558,2428,0696,9674,722
Total liabilities4,3304,8515,7855,7694,9593,190
Total debt4,7595,6885,6944,9003,156
Paid-in capital2,4922,7262,7122,7252,7402,753
Retained earnings526-161-257-427-733-1,222
Treasury stock-3.6
Shareholders' equity2,4462,5672,456
Minority interests35.337.6
Total equity2,4312,4812,6042,4562,3002,0081,532
Total liabilities and equity6,9537,4558,2428,0696,9674,722
Shares outstanding126140138139139140

Cash flow statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Net income1742061701126.03-221-489
Depreciation and amortization7.18.049.2910.510.8
Stock-based compensation25.55.678.817.5516.818.314.3
Change in payables0.41-0.926.8
Cash from operations13014021411111184.5-30.5
Cash from investing-2,311-209-373-773-39.37801,868
Stock issued53970103
Share buybacks-3.6-21.4
Dividends paid-205-208-192-1210
Cash from financing2,44716162.8676-205-946-1,780
Net change in cash26693-96.814-133-81.457.3
Interest paid119132159228466439313

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.31 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Net margin-354.1%Net income / revenue.
Operating cash flow margin-4.9%Cash from operations / revenue.
Return on assets (ROA)-14.0%Net income / average total assets.
Stock-based pay / revenue5.5%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue14.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-24.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-13.2%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-7.3%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y-136.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-32.2%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-16.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-7.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y0.7%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y0.2%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y1.1%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Debt / assets67.8%Total debt / total assets.
Liabilities / assets67.7%Total liabilities / total assets.
Net debt$2.51BTotal debt - cash - short-term investments. Negative means more cash than debt.

Efficiency

MetricValueHow it is calculated
Asset turnover0.04xRevenue / average total assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$3.81Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$1.08Revenue / diluted weighted shares.
Operating cash flow per share-$0.05Cash from operations / diluted weighted shares.
Cash per share$0.64(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$184.8MShare price x shares outstanding.
Enterprise value$2.70BMarket cap + total debt - cash - short-term investments.
P/S1.22xMarket cap / revenue.
EV/Sales17.7xEnterprise value / revenue.
Earnings yield-291.3%Net income / market cap (the inverse of P/E).
What was Claros Mortgage Trust, Inc.'s revenue in fiscal 2025?

Claros Mortgage Trust, Inc. reported revenue of $187.8M for fiscal 2025, 24.4% lower than the year before.

Was Claros Mortgage Trust, Inc. profitable in fiscal 2025?

No. It reported a net loss of $489.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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