--- title: "Pennymac Mortgage Investment Trust | 10-Q: FY2026 Q1 Revenue: USD 82.13 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285265453.md" datetime: "2026-05-05T20:47:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285265453.md) - [en](https://longbridge.com/en/news/285265453.md) - [zh-HK](https://longbridge.com/zh-HK/news/285265453.md) --- # Pennymac Mortgage Investment Trust | 10-Q: FY2026 Q1 Revenue: USD 82.13 M Revenue: As of FY2026 Q1, the actual value is USD 82.13 M. EPS: As of FY2026 Q1, the actual value is USD 0.16, missing the estimate of USD 0.3689. EBIT: As of FY2026 Q1, the actual value is USD 30.55 M. ### Overall Cash Flow - **Net cash used in operating activities** for PennyMac Mortgage Investment Trust was - $2,529,366 thousand for the quarter ended March 31, 2026, compared to - $594,267 thousand for the same period in 2025. - **Net cash provided by investing activities** was $1,265,532 thousand for the quarter ended March 31, 2026, significantly up from $40,228 thousand for the prior year quarter. - **Net cash provided by financing activities** increased to $1,205,822 thousand for the quarter ended March 31, 2026, from $464,286 thousand for the quarter ended March 31, 2025. - The **net decrease in cash** was - $58,012 thousand for the quarter ended March 31, 2026, an improvement from - $89,753 thousand in the prior year quarter. ### Credit Sensitive Strategies Segment - **Net (losses) gains on investments and financings from Credit Risk Transfer (CRT) derivatives** totaled $132 thousand for Q1 2026, down from $1,980 thousand for Q1 2025. - Realized gains were $2,548 thousand in Q1 2026, compared to $2,803 thousand in Q1 2025. - Valuation changes were - $2,416 thousand in Q1 2026, compared to - $823 thousand in Q1 2025. - **Net (losses) gains on investments and financings from CRT strips** totaled $10,361 thousand for Q1 2026, a significant increase from - $2,048 thousand for Q1 2025. - Realized gains were $8,555 thousand in Q1 2026, compared to $9,777 thousand in Q1 2025. - Valuation changes were $1,806 thousand in Q1 2026, compared to - $11,825 thousand in Q1 2025. - **Interest-only security payable at fair value — valuation changes** were $3,418 thousand for Q1 2026, compared to - $1,732 thousand for Q1 2025. - **Interest income — Deposits securing CRT arrangements** decreased to $8,892 thousand for Q1 2026 from $11,675 thousand for Q1 2025. - **Net payments made to settle losses on CRT arrangements** were $1,368 thousand for Q1 2026, compared to $1,243 thousand for Q1 2025. - **Net (losses) gains on investments and financings from Loans held for investment at fair value (consolidated VIEs)** were - $65,803 thousand for Q1 2026, compared to $28,712 thousand for Q1 2025. - **Net (losses) gains on investments and financings from Asset-backed financings of variable interest entities at fair value** were $62,236 thousand for Q1 2026, compared to - $29,423 thousand for Q1 2025. - **Interest income from consolidated VIEs** significantly increased to $133,754 thousand for Q1 2026 from $33,673 thousand for Q1 2025. - **Interest expense from consolidated VIEs** also increased to $120,540 thousand for Q1 2026 from $28,715 thousand for Q1 2025. ### Interest Rate Sensitive Strategies Segment - **Total Net loan servicing fees** were $83,586 thousand for Q1 2026, a substantial increase from - $27,210 thousand for Q1 2025. - **Net loan servicing fees (from nonaffiliates)** included $147,592 thousand in contractually specified fees (Q1 2026 vs. $152,199 thousand in Q1 2025), - $61,299 thousand in change in fair value of mortgage servicing rights (Q1 2026 vs. - $144,590 thousand in Q1 2025), and - $11,881 thousand in mortgage servicing rights hedging results (Q1 2026 vs. - $39,944 thousand in Q1 2025). - **Net loan servicing fees (from PennyMac Financial Services, Inc.)** were $5,807 thousand for Q1 2026, up from $1,208 thousand for Q1 2025. - **Loan servicing fees earned by PLS** were $19,723 thousand for Q1 2026, compared to $21,729 thousand for Q1 2025. - **Mortgage servicing rights recapture fees** were $5,807 thousand for Q1 2026, compared to $1,208 thousand for Q1 2025. - **Mortgage-backed securities (MBS) at fair value** decreased to $3,765,539 thousand as of March 31, 2026, from $4,452,859 thousand as of December 31, 2025. - Sales of MBS were - $477,360 thousand for Q1 2026. - Repayments of MBS were - $188,953 thousand for Q1 2026, compared to - $102,769 thousand for Q1 2025. ### Aggregation and Securitization Segment - **Total Net gains on loans held for sale at fair value** were $22,910 thousand for Q1 2026, an increase from $12,344 thousand for Q1 2025. - Net gains from nonaffiliates were $22,910 thousand for Q1 2026, compared to $10,329 thousand for Q1 2025. - Net gains from PennyMac Financial Services, Inc. were $0 for Q1 2026, compared to $2,015 thousand for Q1 2025. - **Loan origination fees** were $2,375 thousand for Q1 2026, compared to $3,152 thousand for Q1 2025. - **Loan fulfillment fees earned by PLS** were $5,737 thousand for Q1 2026, compared to $5,290 thousand for Q1 2025. - **Unpaid principal balance of loans fulfilled by PLS** was $2,796,544 thousand for Q1 2026, slightly up from $2,781,722 thousand for Q1 2025. - **Sourcing fees received from PLS included in Net gains on loans held for sale** were $0 for Q1 2026, compared to $2,015 thousand for Q1 2025. - **Purchases of loans held for sale from PLS** significantly increased to $4,380,289 thousand for Q1 2026 from $654,808 thousand for Q1 2025. ### Outlook and Strategy No explicit future outlook or guidance content was found within the provided Management’s Discussion and Analysis section. The ‘SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS’ primarily outlines risks and uncertainties rather than specific strategic plans or measurable goals for future operations. ### Related Stocks - [PMT.US](https://longbridge.com/en/quote/PMT.US.md) ## Related News & Research - [Wall Street's Most Accurate Analysts Give Their Take On 3 Financial Stocks With Over 15% Dividend Yields](https://longbridge.com/en/news/286766752.md) - [PennyMac Mortgage Investment Trust (PMT) Reports Earnings Tomorrow: What To Expect](https://longbridge.com/en/news/285021355.md) - [A Look At PennyMac Mortgage Investment Trust’s Valuation As KBRA Weighs In On New RMBS Deal](https://longbridge.com/en/news/272160434.md) - [PennyMac Mortgage Investment Trust (NYSE:PMT) Announces $0.40 Quarterly Dividend](https://longbridge.com/en/news/278788276.md) - [Earnings Breakdown: PennyMac Mortgage IT Q4](https://longbridge.com/en/news/274204868.md)