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.<h3>Overall Cash Flow</h3><ul><li>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.</li><li>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.</li><li>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.</li><li>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.</li></ul><h3>Credit Sensitive Strategies Segment</h3><ul><li>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.<ul><li>Realized gains were $2,548 thousand in Q1 2026, compared to $2,803 thousand in Q1 2025.</li><li>Valuation changes were - $2,416 thousand in Q1 2026, compared to - $823 thousand in Q1 2025.</li></ul></li><li>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.<ul><li>Realized gains were $8,555 thousand in Q1 2026, compared to $9,777 thousand in Q1 2025.</li><li>Valuation changes were $1,806 thousand in Q1 2026, compared to - $11,825 thousand in Q1 2025.</li></ul></li><li>Interest-only security payable at fair value — valuation changes were $3,418 thousand for Q1 2026, compared to - $1,732 thousand for Q1 2025.</li><li>Interest income — Deposits securing CRT arrangements decreased to $8,892 thousand for Q1 2026 from $11,675 thousand for Q1 2025.</li><li>Net payments made to settle losses on CRT arrangements were $1,368 thousand for Q1 2026, compared to $1,243 thousand for Q1 2025.</li><li>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.</li><li>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.</li><li>Interest income from consolidated VIEs significantly increased to $133,754 thousand for Q1 2026 from $33,673 thousand for Q1 2025.</li><li>Interest expense from consolidated VIEs also increased to $120,540 thousand for Q1 2026 from $28,715 thousand for Q1 2025.</li></ul><h3>Interest Rate Sensitive Strategies Segment</h3><ul><li>Total Net loan servicing fees were $83,586 thousand for Q1 2026, a substantial increase from - $27,210 thousand for Q1 2025.<ul><li>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).</li></ul></li><li>Net loan servicing fees (from PennyMac Financial Services, Inc.) were $5,807 thousand for Q1 2026, up from $1,208 thousand for Q1 2025.</li><li>Loan servicing fees earned by PLS were $19,723 thousand for Q1 2026, compared to $21,729 thousand for Q1 2025.</li><li>Mortgage servicing rights recapture fees were $5,807 thousand for Q1 2026, compared to $1,208 thousand for Q1 2025.</li><li>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.<ul><li>Sales of MBS were - $477,360 thousand for Q1 2026.</li><li>Repayments of MBS were - $188,953 thousand for Q1 2026, compared to - $102,769 thousand for Q1 2025.</li></ul></li></ul><h3>Aggregation and Securitization Segment</h3><ul><li>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.<ul><li>Net gains from nonaffiliates were $22,910 thousand for Q1 2026, compared to $10,329 thousand for Q1 2025.</li><li>Net gains from PennyMac Financial Services, Inc. were $0 for Q1 2026, compared to $2,015 thousand for Q1 2025.</li></ul></li><li>Loan origination fees were $2,375 thousand for Q1 2026, compared to $3,152 thousand for Q1 2025.</li><li>Loan fulfillment fees earned by PLS were $5,737 thousand for Q1 2026, compared to $5,290 thousand for Q1 2025.</li><li>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.</li><li>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.</li><li>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.</li></ul><h3>Outlook and Strategy</h3>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.

Pennymac Mortgage Investment Trust | 10-Q: FY2026 Q1 Revenue: USD 82.13 M