# PennyMac Mortgage Investment Trust: overview

PMT · NYSE · CIK 1464423 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/pmt.md) · [Financials](/companies/pmt/financials.md) · [Filings](/companies/pmt/filings.md) · [Insiders](/companies/pmt/insiders.md)

Latest reported revenue: [$72.7m](/filings/0001193125-26-333089.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenuesNetOfInterestExpense, accession 0001193125-26-333089).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [80.9](/filings/0001193125-25-256280.md) | [108 d](/filings/0001193125-26-057041.md) | [44.5](/filings/0001193125-26-206572.md) | [70.2](/filings/0001193125-26-333089.md) | [99.2](/filings/0001193125-25-256280.md) | [93.6 d](/filings/0001193125-26-057041.md) | [82.1](/filings/0001193125-26-206572.md) | [72.7](/filings/0001193125-26-333089.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [51.2%](/filings/0001193125-25-256280.md) | [43.1% d](/filings/0001193125-26-057041.md) | [21.8%](/filings/0001193125-26-206572.md) | [10.7%](/filings/0001193125-26-333089.md) | [58.7%](/filings/0001193125-25-256280.md) | [56.0% d](/filings/0001193125-26-057041.md) | [30.0%](/filings/0001193125-26-206572.md) | [42.5%](/filings/0001193125-26-333089.md) |
| Diluted EPS | $ per share | [0.36](/filings/0001193125-25-256280.md) | not reported | [(0.01)](/filings/0001193125-26-206572.md) | [(0.04)](/filings/0001193125-26-333089.md) | [0.55](/filings/0001193125-25-256280.md) | not reported | [0.16](/filings/0001193125-26-206572.md) | [0.23](/filings/0001193125-26-333089.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenuesNetOfInterestExpense. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenuesNetOfInterestExpense. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenuesNetOfInterestExpense. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenuesNetOfInterestExpense. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [420](/filings/0000950170-24-018760.md) | [304](/filings/0000950170-25-024124.md) | [429](/filings/0001193125-26-057041.md) | [334](/filings/0001193125-26-057041.md) | [307](/filings/0001193125-26-057041.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [13.5%](/filings/0000950170-24-018760.md) | [(24.1%)](/filings/0000950170-25-024124.md) | [46.5%](/filings/0001193125-26-057041.md) | [48.2%](/filings/0001193125-26-057041.md) | [41.6%](/filings/0001193125-26-057041.md) |
| Diluted EPS | $ per share | [0.26](/filings/0000950170-24-018760.md) | [(1.26)](/filings/0000950170-25-024124.md) | [1.63](/filings/0001193125-26-057041.md) | [1.37](/filings/0001193125-26-057041.md) | [0.99](/filings/0001193125-26-057041.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenuesNetOfInterestExpense.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenuesNetOfInterestExpense.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenuesNetOfInterestExpense.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenuesNetOfInterestExpense.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/pmt/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $164.3m | 14,569,469 |  | Added +713,037 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $56.8m | 5,035,834 |  | Added +84,214 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $43.3m | 3,840,860 |  | Added +28,532 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $40.0m | 3,547,189 |  | Added +164,917 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $34.5m | 3,062,070 |  | Added +867,573 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $25.9m | 2,298,199 |  | Added +84,851 |
| [MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.](/funds/1705339.md) | 2026-06-30 | $19.3m | 1,709,618 |  | Added +51,493 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $18.9m | 1,672,282 |  | Added +795,047 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $16.5m | 1,464,731 |  | Added +9,913 |
| [Boston Partners](/funds/1386060.md) | 2026-06-30 | $15.3m | 1,384,525 |  | Reduced −50,657 |

## Recent filings

[All 1,261 filings](/companies/pmt/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 16:32 ET | [8-K](/filings/0001193125-26-437878.md) | 2.02 Results of operations; 5.02 Departure or appointment of officers or directors; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-437878 |
| 2026-08-04 | 17:09 ET | [10-Q](/filings/0001193125-26-333089.md) | Quarterly report, period 2026-06-30 | 0001193125-26-333089 |
| 2026-07-29 | 16:43 ET | [8-K](/filings/0001193125-26-324102.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-324102 |
| 2026-06-16 | 17:11 ET | [8-K](/filings/0001193125-26-272861.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-272861 |
| 2026-05-05 | 16:34 ET | [10-Q](/filings/0001193125-26-206572.md) | Quarterly report, period 2026-03-31 | 0001193125-26-206572 |
| 2026-05-05 | 16:31 ET | [8-K](/filings/0001193125-26-206554.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-206554 |
| 2026-04-21 | 16:31 ET | [DEF 14A](/filings/0001193125-26-166976.md) | Proxy statement, period 2026-06-16 | 0001193125-26-166976 |
| 2026-02-18 | 16:10 ET | [10-K](/filings/0001193125-26-057041.md) | Annual report, period 2025-12-31 | 0001193125-26-057041 |
| 2026-01-29 | 16:31 ET | [8-K](/filings/0001193125-26-029474.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-029474 |
| 2025-12-22 | 16:47 ET | [8-K](/filings/0001193125-25-328875.md) | 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-25-328875 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-057041.md), filed Feb 18, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, locked when the 8-K was accepted. It is scored when the 10-Q or 10-K is ingested. [See the target](/leagues/2026q3/targets/766c9e0c-ff42-42c6-aa4a-48cfb6de8ea7)

## About the filer

- CIK: 1464423
- Tickers: PMT, PMT-PA, PMT-PB, PMT-PC, PMTU, PMTV, PMTW
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 13:57 ET. No prices; not investment advice.