Revenue: As of FY2026 Q1, the actual value is USD 113.63 M.

EPS: As of FY2026 Q1, the actual value is USD -0.27, missing the estimate of USD 0.2065.

EBIT: As of FY2026 Q1, the actual value is USD -26.02 M.

TPG Mortgage Investment Trust, Inc. reported a net loss of - $3,562 thousand for the three months ended March 31, 2026, a decrease from a net income of $11,477 thousand for the same period in 2025, resulting in a net loss available to common stockholders of - $8,715 thousand in Q1 2026 compared to a net income of $6,173 thousand in Q1 2025 .

Net Interest Income

Total net interest income increased to $20,643 thousand for Q1 2026 from $18,849 thousand in Q1 2025 . Interest income rose to $129,808 thousand in Q1 2026 from $109,130 thousand in Q1 2025, while interest expense also increased to $109,165 thousand from $90,281 thousand over the same periods .

Other Income/(Loss)

Other income/(loss) shifted from a gain of $1,549 thousand in Q1 2025 to a loss of - $16,176 thousand in Q1 2026, primarily driven by net unrealized losses of - $16,460 thousand in Q1 2026, contrasting with net unrealized gains of $802 thousand in Q1 2025 . Net realized gain/(loss) was - $118 thousand in Q1 2026, compared to $10 thousand in Q1 2025 .

Expenses

Total expenses slightly decreased to $9,847 thousand in Q1 2026 from $10,078 thousand in Q1 2025 . Management fees to affiliates remained stable at $2,319 thousand in Q1 2026 versus $2,327 thousand in Q1 2025 . Non-investment related expenses decreased to $2,656 thousand from $3,280 thousand, while investment related expenses increased to $4,298 thousand from $3,410 thousand . Transaction related expenses declined to $574 thousand from $1,061 thousand .

Equity in Earnings from Affiliates

Equity in earnings from affiliates increased to $2,000 thousand in Q1 2026 from $1,185 thousand in Q1 2025 .

Cash Flows from Operating Activities

Net cash provided by operating activities increased to $20,341 thousand in Q1 2026 from $11,997 thousand in Q1 2025 .

Cash Flows from Investing Activities

Net cash provided by investing activities was $326,897 thousand in Q1 2026, a significant change from net cash used in investing activities of - $314,725 thousand in Q1 2025 . This was influenced by lower purchases of residential mortgage loans ($87,017 thousand in Q1 2026 vs. $497,417 thousand in Q1 2025) and higher principal repayments on residential mortgage loans ($386,964 thousand in Q1 2026 vs. $187,762 thousand in Q1 2025) .

Cash Flows from Financing Activities

Net cash used in financing activities was - $355,837 thousand in Q1 2026, compared to net cash provided of $293,377 thousand in Q1 2025 . This change was largely due to principal repayments on securitized debt ($366,991 thousand in Q1 2026 vs. $171,109 thousand in Q1 2025) and the absence of proceeds from issuance of securitized debt in Q1 2026 (compared to $410,678 thousand in Q1 2025) .

Loans and Securities Segment

Residential Mortgage Loans Portfolio (as of March 31, 2026) Securitized Residential Mortgage Loans (at fair value): Total fair value was $7,538,748 thousand (December 31, 2025: $7,999,619 thousand) . Non-Agency Loans: $6,543,261 thousand (December 31, 2025: $6,904,872 thousand), with a weighted average coupon of 5.84% and yield of 5.71% . Home Equity Loans: $864,198 thousand (December 31, 2025: $960,533 thousand), with a weighted average coupon of 9.80% and yield of 7.40% . Re- and Non-Performing Loans: $131,289 thousand (December 31, 2025: $134,214 thousand), with a weighted average coupon of 4.21% and yield of 6.04% . Residential Mortgage Loans (at fair value): Total fair value was $228,524 thousand (December 31, 2025: $199,677 thousand) . Agency-Eligible Loans: $21,487 thousand (December 31, 2025: $21,149 thousand), with a weighted average coupon of 6.84% and yield of 6.41% . Home Equity Loans: $173,207 thousand (December 31, 2025: $142,339 thousand), with a weighted average coupon of 8.79% and yield of 7.71% . Non-Agency Loans: $32,893 thousand (December 31, 2025: $35,108 thousand), with a weighted average coupon of 6.12% and yield of 4.81% .

Residential Mortgage Loan Delinquency Status (as of March 31, 2026) Total Securitized residential mortgage loans: Unpaid principal balance of $7,679,311 thousand, with 96.8% current, 1.3% 30-59 days past due, 0.6% 60-89 days past due, and 1.3% 90+ days past due . Total Residential mortgage loans: Unpaid principal balance of $222,294 thousand, with 91.9% current, 1.1% 30-59 days past due, 0.7% 60-89 days past due, and 5.9% 90+ days past due .

Purchases and Sales of Residential Mortgage Loans (Q1 2026 vs. Q1 2025) Purchases: Total fair value of purchases decreased to $86,869 thousand in Q1 2026 from $495,008 thousand in Q1 2025, including Home Equity Loans ($86,383 thousand in Q1 2026 vs. $128,240 thousand in Q1 2025) and Agency-Eligible Loans ($486 thousand vs. $366,768 thousand) . Sales: The Company sold Home Equity Loans with proceeds of $49,375 thousand in Q1 2026 . In Q1 2025, sales included Non-Agency Loans ($11,336 thousand) and Re- and Non-Performing Loans ($9,092 thousand), totaling $20,428 thousand .

Geographic Concentration of Credit Risk (Residential Portfolio as of March 31, 2026)California: 30%, Florida: 10%, New York: 8%, Texas: 6%, Other U.S. States: 46% .

Legacy WMC Commercial Loans (as of March 31, 2026)Total fair value was $51,504 thousand (December 31, 2025: $55,376 thousand), with a weighted average coupon of 7.60% .

Real Estate Securities Portfolio (as of March 31, 2026)Total fair value was $279,387 thousand (December 31, 2025: $260,304 thousand) . Non-Agency RMBS: $221,477 thousand (December 31, 2025: $201,381 thousand), with a weighted average coupon of 4.25% and yield of 8.33% . Legacy WMC CMBS: $42,250 thousand (December 31, 2025: $42,565 thousand), with a weighted average coupon of 5.92% and yield of 16.66% . Agency RMBS Interest Only: $15,660 thousand (December 31, 2025: $16,358 thousand), with a weighted average coupon of 4.54% and yield of 8.06% .

Financing and Debt Financing Arrangements: Total current face of $850,231 thousand (December 31, 2025: $826,394 thousand), with a weighted average funding cost of 5.17% and life of 0.21 years . Securitized Debt: Total current face of $6,953,996 thousand (December 31, 2025: $7,177,923 thousand), with a weighted average funding cost of 5.37% and life of 5.39 years . Senior Unsecured Notes: Total principal amount of $99,500 thousand (December 31, 2025: $96,458 thousand), with a weighted average rate of 10.61% and life of 3.08 years .

Arc Home Segment

TPG Mortgage Investment Trust, Inc. owned an approximate 66.0% interest in Arc Home, LLC as of March 31, 2026 .

Outlook and Strategy

TPG Mortgage Investment Trust, Inc. expects to either hold its Legacy WMC Commercial Investments until maturity or opportunistically exit these investments . The Company anticipates the sales of underlying hotels collateralizing Loan A to be completed in the second half of 2026, though there are no assurances regarding completion or timing .