Claros Mortgage Trust Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Claros Mortgage Trust Inc reported revenue of $187.8M (-24.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Interest and related income | $389.5M | $601.4M | $697.9M | $470.7M |
| Less: interest and related expense | $305.0M | $440.3M | $470.5M | $246.9M |
| Net interest income | $84.5M | $161.1M | $227.4M | $223.7M |
| Revenue from real estate owned | $103.3M | $87.3M | $79.2M | $63.5M |
| Total net revenue | $187.8M | $248.4M | $306.6M | $287.2M |
| Management fees - affiliate | $32.1M | $36.2M | $38.2M | $39.5M |
| Incentive fees - affiliate | $0 | — | $1.6M | — |
| General and administrative expenses | $20.0M | $15.7M | $16.6M | $18.7M |
| Stock-based compensation expense | $14.1M | $18.1M | $16.6M | $7.5M |
| Operating expenses | $68.5M | $57.8M | $49.5M | $42.0M |
| Interest expense | $33.2M | $26.6M | $23.6M | $14.2M |
| Depreciation and amortization | $10.8M | $10.5M | $9.3M | — |
| Total expenses | $178.6M | $165.0M | $155.3M | $129.8M |
| Proceeds from interest rate cap | $0 | $1.3M | $6.1M | $495.0K |
| Unrealized loss on interest rate cap | ($71.0K) | — | — | — |
| Loss on partial sales of real estate owned, net | ($1.0M) | — | — | — |
| (Loss) income from equity method investment | ($124.0K) | ($154.0K) | $594.0K | $2.5M |
| (Loss) gain on extinguishment of debt | ($1.4M) | ($4.1M) | $2.2M | — |
| Valuation adjustment for real estate owned held-for-sale | $12.6M | — | — | — |
| Provision for current expected credit loss reserve | ($466.5M) | ($212.6M) | ($153.7M) | ($84.4M) |
| Valuation adjustment for loans receivable held-for-sale | ($41.8M) | ($7.2M) | — | — |
| Gain on sale of loan | $0 | — | $575.0K | $30.1M |
| Net (loss) income | ($489.1M) | ($221.3M) | $6.0M | $112.2M |
| Basic | -$3.49 | -$1.60 | $0.02 | $0.79 |
| Diluted | -$3.49 | -$1.60 | $0.02 | $0.79 |
| Basic | 140.1M | 139.2M | 138.6M | 139.3M |
| Diluted | 140.1M | 139.2M | 138.6M | 139.3M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Interest and related income | $46.3M | $59.0M | $88.9M | $108.1M |
| Less: interest and related expense | $46.6M | $50.9M | $71.8M | $82.0M |
| Net interest (expense) income | ($352.0K) | $8.1M | $17.1M | $26.1M |
| Revenue from real estate owned | $30.1M | $21.4M | $29.0M | $25.5M |
| Total net revenue | $29.7M | $29.5M | $46.1M | $51.6M |
| Management fees - affiliate | $7.1M | $7.3M | $7.7M | $8.2M |
| General and administrative expenses | $4.7M | $3.2M | $4.8M | $5.0M |
| Stock-based compensation expense | $1.5M | $2.3M | $2.1M | $4.8M |
| Operating expenses | $20.6M | $18.1M | $18.5M | $15.7M |
| Interest expense | $8.9M | $9.2M | $9.4M | $8.2M |
| Depreciation and amortization | $6.1M | $6.4M | $3.7M | $845.0K |
| Total expenses | $48.9M | $46.5M | $46.3M | $42.7M |
| Gain (loss) on sales of real estate owned | $341.0K | — | — | — |
| Loss from equity method investment | ($43.0K) | ($38.0K) | ($32.0K) | ($24.0K) |
| Loss on extinguishment of debt | $0 | ($5.9M) | $0 | $0 |
| Valuation adjustment for real estate owned held-for-sale | ($29.6M) | — | $13.0M | — |
| Provision for current expected credit loss reserve | ($208.8M) | ($31.4M) | ($24.2M) | ($189.5M) |
| Recovery of principal charge-offs | $1.9M | — | — | — |
| Valuation adjustment for loan receivable held-for-sale | $0 | $0 | — | $827.0K |
| Net Loss | ($255.4M) | ($54.3M) | ($9.5M) | ($181.7M) |
| Basic | -$1.81 | -$0.39 | -$0.07 | -$1.30 |
| Diluted | -$1.81 | -$0.39 | -$0.07 | -$1.30 |
| Basic | 141.4M | 140.5M | 140.6M | 140.1M |
| Diluted | 141.4M | 140.5M | 140.6M | 140.1M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $173.2M | $99.1M | $187.3M | $306.5M |
| Restricted cash | $17.6M | $34.4M | $27.6M | $41.7M |
| Loans receivable held-for-investment | $4.1B | $6.2B | $7.0B | $7.5B |
| Less: current expected credit loss reserve | ($438.8M) | ($243.0M) | ($143.0M) | ($128.6M) |
| Loans receivable held-for-investment, net | $3.6B | $5.9B | $6.9B | $7.4B |
| Loans receivable held-for-sale | $0 | $277.1M | $261.7M | — |
| Equity method investment | $42.2M | $42.3M | $42.5M | $41.9M |
| Real estate owned held-for-investment, net | $730.0M | $127.1M | $523.0M | $401.2M |
| Other assets | $143.4M | $132.7M | $138.9M | $89.9M |
| Total assets | $4.7B | $7.0B | $8.1B | $8.2B |
| Repurchase agreements | $1.9B | $3.2B | $3.8B | $4.0B |
| Term participation facility | $329.5M | $477.6M | $465.4M | $257.5M |
| Notes payable, net | $177.5M | $236.8M | $283.3M | $149.5M |
| Secured term loan, net | $549.4M | $709.8M | $712.6M | $736.9M |
| Debt related to real estate owned hotel portfolio, net | $231.0M | — | — | — |
| Other liabilities | $37.1M | $42.7M | $47.4M | $59.2M |
| Management fee payable - affiliate | $7.8M | $27.0M | $9.3M | $9.9M |
| Total liabilities | $3.2B | $5.0B | $5.8B | $5.8B |
| Common stock, $0.01 par value, 500,000,000 shares authorized, 140,218,764 and 139,362,657 shares issued and 140,218,764 and 139,362,657 shares outstanding at December 31, 2025 and 2024, respectively | 1.4M | 1.4M | 1.4M | 1.4M |
| Additional paid-in capital | $2.8B | $2.7B | $2.7B | $2.7B |
| Accumulated deficit | ($1.2B) | ($733.3M) | ($426.7M) | ($257.2M) |
| Total equity | $1.5B | $2.0B | $2.3B | $2.5B |
| Total liabilities and equity | $4.7B | $7.0B | $8.1B | $8.2B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $90.3M | $116.8M | $339.5M | $209.2M |
| Restricted cash | $11.9M | $13.7M | $16.7M | $18.7M |
| Loans receivable held-for-investment | $3.4B | $3.5B | $4.5B | $5.2B |
| Less: current expected credit loss reserve | ($565.6M) | ($396.4M) | ($302.0M) | ($326.1M) |
| Loans receivable held-for-investment, net | $2.8B | $3.1B | $4.2B | $4.9B |
| Loan receivable held-for-sale | $69.9M | — | $28.1M | $0 |
| Equity method investment | $42.1M | $42.2M | $42.2M | $42.3M |
| Real estate owned held-for-investment, net | $647.3M | $764.8M | $661.6M | $218.5M |
| Real Estate Owned Held-For-Sale | $75.3M | — | — | $307.0M |
| Other assets | $108.2M | $119.5M | $140.2M | $146.0M |
| Total assets | $3.8B | $4.2B | $5.4B | $5.8B |
| Repurchase agreements | $1.5B | $1.6B | $2.2B | $2.4B |
| Term participation facility | $329.1M | $339.2M | $347.3M | $472.5M |
| Notes payable, net | $0 | $0 | $175.8M | $169.0M |
| Secured term loan, net | $467.7M | $465.6M | $707.7M | $708.4M |
| Debt related to real estate owned hotel portfolio, net | $232.4M | $231.7M | $230.3M | $229.6M |
| Other liabilities | $24.2M | $34.7M | $39.1M | $38.4M |
| Management fee payable - affiliate | $7.1M | $7.3M | $7.7M | $8.2M |
| Total liabilities | $2.6B | $2.7B | $3.7B | $4.1B |
| Common stock, $0.01 par value, 500,000,000 shares authorized, 141,084,206 and 140,218,764 shares issued and 141,084,206 and 140,218,764 shares outstanding at June 30, 2026 and December 31, 2025, respectively | 1.4M | 1.4M | 1.4M | 1.4M |
| Additional paid-in capital | $2.8B | $2.8B | $2.8B | $2.7B |
| Accumulated deficit | ($1.5B) | ($1.3B) | ($1.0B) | ($993.7M) |
| Total equity | $1.2B | $1.5B | $1.7B | $1.8B |
| Total liabilities and equity | $3.8B | $4.2B | $5.4B | $5.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net (loss) income | ($489.1M) | ($221.3M) | $6.0M | $112.2M |
| Accretion of fees and discounts on loans receivable | ($10.6M) | ($19.8M) | — | — |
| Amortization of deferred financing costs on secured financings | $23.6M | — | — | — |
| Amortization of deferred financing costs on debt related to real estate owned hotel portfolio | $2.3M | — | — | — |
| Non-cash stock-based compensation expense | $14.3M | $18.3M | $16.8M | $7.6M |
| Depreciation and amortization on real estate owned, in-place lease values, and deferred leasing costs | $10.8M | $10.5M | $9.3M | — |
| Amortization of above and below market lease values, net | $1.2M | $1.4M | $708.0K | — |
| Straight-line rent adjustment | ($560.0K) | — | — | — |
| Unrealized loss on interest rate cap | $71.0K | — | — | — |
| Loss on partial sales of real estate owned, net | $1.0M | — | — | — |
| Loss (income) from equity method investment | $124.0K | $154.0K | ($594.0K) | ($2.5M) |
| Loss on extinguishment of debt | $1.4M | $4.1M | ($2.2M) | — |
| Valuation adjustment for real estate owned held-for-sale | ($12.6M) | — | — | — |
| Gain on sale of loan | $0 | — | ($575.0K) | ($30.1M) |
| Non-cash advances on loans receivable in lieu of interest | ($48.0M) | ($41.3M) | ($63.6M) | ($78.5M) |
| Non-cash advances on secured financings in lieu of interest | $7.7M | $8.5M | $3.9M | $529.0K |
| Non-cash advances on debt related to real estate owned hotel portfolio | $1.1M | — | — | — |
| Repayment of non-cash advances on loans receivable in lieu of interest | $36.4M | $23.1M | $23.9M | $21.6M |
| Repayment of non-cash advances on interests in loans receivable in lieu of interest | ($1.1M) | — | — | $13.2M |
| Provision for current expected credit loss reserve | $466.5M | $212.6M | $153.7M | — |
| Valuation adjustment for loans receivable held-for-sale | $41.8M | $7.2M | — | — |
| Other assets | ($46.8M) | ($42.2M) | ($36.1M) | ($25.8M) |
| Other liabilities | ($10.8M) | ($279.0K) | ($564.0K) | $12.6M |
| Management fee payable - affiliate | ($19.2M) | $17.7M | ($552.0K) | ($51.0K) |
| Net cash (used in) provided by operating activities | ($30.5M) | $84.5M | $111.1M | $111.0M |
| Loan originations, acquisitions and advances, net of fees | ($121.0M) | ($504.7M) | ($769.7M) | ($2.6B) |
| Advances on loans receivable held-for-sale | ($12.1M) | ($3.0M) | — | — |
| Repayments of loans receivable | $1.6B | $647.2M | $550.1M | $1.5B |
| Proceeds from sales of loans receivable | $332.1M | $636.8M | $186.7M | $132.2M |
| Extension and exit fees received from loans receivable | $4.3M | $5.0M | $2.5M | $6.6M |
| Reserves and deposits held for loans receivable | $0 | ($5.0K) | ($1.0K) | ($2.1M) |
| Proceeds from partial sales of real estate owned | $60.5M | — | — | — |
| Capital expenditures on real estate owned | ($2.4M) | ($1.3M) | ($2.1M) | ($2.3M) |
| Capital expenditures on real estate owned held-for-sale | ($362.0K) | — | — | — |
| Payment of deferred leasing costs | ($725.0K) | — | — | — |
| Cash and restricted cash acquired from foreclosures on real estate owned | $4.1M | — | — | — |
| Payment of transaction costs from foreclosures on real estate owned | ($1.6M) | — | — | — |
| Net cash provided by (used in) investing activities | $1.9B | $779.9M | ($39.3M) | ($773.3M) |
| Dividends paid | $0 | ($120.7M) | ($192.2M) | — |
| Payments for withholding taxes upon delivery of stock-based awards | ($1.5M) | ($3.5M) | — | — |
| Proceeds from secured financings | $696.2M | $1.5B | $1.0B | $2.2B |
| Proceeds from debt related to real estate owned hotel portfolio | $235.0M | — | — | — |
| Payment of deferred financing costs | ($26.2M) | ($16.5M) | ($13.5M) | — |
| Payment of exit fees on secured financings | ($1.0M) | — | ($13.0K) | — |
| Purchase of interest rate cap | ($71.0K) | ($521.0K) | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net Loss | ($309.7M) | ($54.3M) | ($269.9M) | ($260.3M) |
| Accretion of fees and discounts on loans receivable | ($2.7M) | ($1.7M) | ($8.5M) | ($5.7M) |
| Amortization of deferred financing costs on secured financings | $11.8M | $6.5M | $16.9M | $10.8M |
| Amortization of deferred financing costs on debt related to real estate owned hotel portfolio | $1.4M | $707.0K | $1.6M | $882.0K |
| Amortization of discount on secured term loan | $1.4M | $569.0K | — | — |
| Non-cash stock-based compensation expense | $3.9M | $2.4M | $12.1M | $9.9M |
| Depreciation and amortization on real estate owned, in-place lease values, and deferred leasing costs | $12.5M | $6.4M | $5.0M | $1.3M |
| Amortization of above and below market lease values, net | $515.0K | $258.0K | $946.0K | $688.0K |
| Straight-line rent adjustment | ($401.0K) | ($201.0K) | ($434.0K) | ($182.0K) |
| (Gain) loss on sales of real estate owned | ($341.0K) | — | ($366.0K) | $1.6M |
| Loss from equity method investment | $81.0K | $38.0K | $93.0K | $61.0K |
| Loss on extinguishment of debt | $5.9M | $5.9M | $547.0K | $547.0K |
| Valuation adjustment for real estate owned held-for-sale | $29.6M | — | ($12.6M) | — |
| Non-cash advances on loans receivable in lieu of interest | ($964.0K) | ($964.0K) | ($39.0M) | ($27.4M) |
| Repayment of non-cash advances on loans receivable in lieu of interest | $20.1M | $20.0M | $28.0M | $17.6M |
| Provision for current expected credit loss reserve | $240.2M | $31.4M | $254.8M | $230.6M |
| Other assets | ($21.1M) | ($12.0M) | ($44.2M) | ($43.3M) |
| Other liabilities | ($10.2M) | ($11.0M) | ($6.6M) | ($6.1M) |
| Management fee payable - affiliate | ($697.0K) | ($427.0K) | ($19.3M) | ($18.8M) |
| Net cash used in operating activities | ($18.6M) | ($6.5M) | ($32.9M) | ($41.6M) |
| Loan originations, acquisitions and advances, net of fees | ($29.7M) | ($21.2M) | ($84.7M) | ($62.8M) |
| Repayments of loans receivable | $245.5M | $224.7M | $1.3B | $767.7M |
| Proceeds from sales of loans receivable | $190.5M | $197.5M | $304.0M | $302.5M |
| Extension and exit fees received from loans receivable | $341.0K | $168.0K | $2.3M | $2.1M |
| Proceeds from sales of real estate owned | $47.0M | — | — | — |
| Capital expenditures on real estate owned | ($4.7M) | ($2.3M) | ($1.1M) | ($206.0K) |
| Cash and restricted cash acquired from foreclosures on real estate owned | $3.4M | $1.9M | $4.1M | $1.2M |
| Payment of transaction costs from foreclosures on real estate owned | ($422.0K) | ($269.0K) | ($1.4M) | ($561.0K) |
| Net cash provided by investing activities | $451.9M | $400.5M | $1.5B | $1.0B |
| Payments for withholding taxes upon delivery of stock-based awards | ($996.0K) | — | ($1.5M) | ($662.0K) |
| Proceeds from secured financings | $11.7M | $10.7M | $690.5M | $675.9M |
| Proceeds from secured term loan and issuance of warrants | $500.0M | $500.0M | — | — |
| Payment of deferred financing costs | ($18.7M) | ($18.5M) | ($20.8M) | ($13.9M) |
| Payment of equity issuance costs | ($500.0K) | ($493.0K) | — | — |
| Payment of fees on secured financing | ($2.6M) | ($2.6M) | — | — |
| Repayments of secured financings | ($454.5M) | ($387.3M) | ($1.9B) | ($1.5B) |
| Repayments of secured term loan | ($556.2M) | ($556.2M) | ($5.7M) | ($3.8M) |
| Net cash used in financing activities | ($521.9M) | ($454.4M) | ($1.3B) | ($887.9M) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | ($88.5M) | ($60.3M) | $222.8M | $94.4M |
| Cash, cash equivalents and restricted cash, beginning of period | $190.8M | $190.8M | $133.5M | $133.5M |
| Cash and cash equivalents, end of period | $90.3M | $116.8M | $339.5M | $209.2M |
| Restricted cash, end of period | $11.9M | $13.7M | $16.7M | $18.7M |
| Cash, cash equivalents and restricted cash, end of period | $102.2M | $130.4M | $356.3M | $227.9M |
| Cash paid for interest | $103.3M | $54.2M | $250.1M | $177.3M |
| Accrued deferred financing costs | $244.0K | $333.0K | — | $706.0K |
Claros Mortgage Trust Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.