Granite Point Mortgage Trust Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Granite Point 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

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Interest expense	11	42.5	91.5	137	113	106	126	182	150	97.9
Other non-operating income	0.2	0	1.45	1.21	-69.5	11.1	-88.8	-102	-193	-13.7
Pre-tax income	35.3	53.3	63.1	70.2	-39.8	68.5	-40.8	-63.1	-207	-41
Income tax	-0.01	-0	-0	-0	0.59	0.19	0.02	0.1	-0.01	0.15
Net income	35.4	53.3	63.1	70.2	-40.4	68.4	-40.8	-63.2	-207	-41.2
EPS, basic	0.00	0.60	1.45	1.32	-0.73	1.24	-1.04	-1.50	-4.39	-1.16
EPS, diluted	0.00	0.60	1.42	1.32	-0.73	1.23	-1.04	-1.50	-4.39	-1.16
Shares, basic (weighted)	0	43.2	43.4	53.1	55.2	54.6	53	51.6	50.4	47.9
Shares, diluted (weighted)	0	43.2	52	53.1	55.2	54.9	53	51.6	50.4	47.9
Dividend per share	0.00	0.70	1.62	1.68	0.65	0.95	0.95	0.80	0.30	0.20

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	56	108	91.7	80.3	261	192	133	188	87.8	66
Intangible assets							0	3.6	9.76
Total assets	1,496	2,499	3,362	4,461	4,220	3,989	3,454	2,847	2,115	1,755
Total liabilities	1,068	1,670	2,533	3,441	3,285	2,974	2,469	1,988	1,496	1,202
Paid-in capital	393	830	836	1,048	1,058	1,125	1,202	1,198	1,196	1,195
Other comprehensive income	-0.11	0	-0.19	0.03	0
Shareholders' equity	428	829	828	1,019	934	1,013	984	859	619	553
Minority interests					0	0.13	0.13	0.13	0.13	0.13
Total equity	428	829	828	1,019	934	1,013	984	859	619	553
Total liabilities and equity	1,496	2,499	3,362	4,461	4,220	3,989	3,454	2,847	2,115	1,755
Shares outstanding	0	43.2	43.6	54.9	55.2	53.8	52.4	50.6	48.8	47.6

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	35.4	53.3	63.1	70.2	-40.4	68.4	-40.8	-63.2	-207	-41.2
Depreciation and amortization	0	0	0.02	0.27		0	0	3.49	6.51	8.03
Stock-based compensation	0	1.09	3.5	4.78	5.28	7.59	7.03	6.98	6.57	6.58
Deferred income tax	0	0	-0
Cash from operations	35.5	30.5	62.4	61.9	20.3	60.3	58.9	52.1	8.76	2.67
Sales and maturities of investments	2.2	0	0	0	12.8	0	0
Cash from investing	-757	-926	-835	-1,034	342	140	409	561	435	299
Debt issued		121	0	0	0	349	0	0
Debt repaid				0	0	-220	-129	0	0
Stock issued	0	182	3.09	208	0	0
Share buybacks				0	0	-17.8	-15.7	-10.3	-7.62	-5.66
Dividends paid	0	-13.8	-68.6	-86.3	-34.1	-66.7	-54.3	-42.9	-24	-10.4
Cash from financing	722	950	786	1,009	-192	-325	-532	-554	-529	-336
Net change in cash	-0.06	54.4	12.7	36.3	169	-125	-64.1	59.1	-84.7	-34.4
Interest paid	10.4	40	88.2	136	115	106	123	183	147	94.8
Income taxes paid	0.06	-0	-0.01	0	0	0.6	0.46	0.96	-0.48	0.21

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 $0.92 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	-17.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-5.6%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Operating cash flow growth, 1y	-69.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-64.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-33.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	-33.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	-40.5%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	-21.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-10.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-17.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-10.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-17.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-20.2%	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	-16.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-5.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-3.3%	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, 5y	-2.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	67.2%	Total liabilities / total assets.
Tangible book value	$480.3M	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$1.70	Net 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.
Operating cash flow per share	$0.12	Cash from operations / diluted weighted shares.
Book value per share	$9.96	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$9.96	Tangible book value / shares outstanding.
Cash per share	$1.21	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$44.1M	Share price x shares outstanding.
Enterprise value	-$14.4M	Market cap + total debt - cash - short-term investments.
P/B	0.09x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.09x	Market cap / tangible book value, when positive.
P/OCF	7.68x	Market cap / cash from operations, when positive.
Earnings yield	-185.0%	Net income / market cap (the inverse of P/E).
Dividend yield	23.4%	Dividends paid over the period / market cap.
Shareholder yield	24.1%	(Dividends paid + share buybacks) / market cap.

Was Granite Point Mortgage Trust Inc. profitable in fiscal 2025?

No. It reported a net loss of $41.2M.

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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