Blackstone Mortgage Trust (BXMT) EBITDA (2010 - 2026)

Blackstone Mortgage Trust (BXMT) reported EBITDA of $215.6 million for Q1 2026, down 11.15% year-over-year from $242.6 million in Q1 2025, and down 21.64% quarter-over-quarter from $275.1 million in Q4 2025.

Blackstone Mortgage Trust (BXMT) EBITDA (2010 - 2026) Analysis & Trends

Blackstone Mortgage Trust (BXMT) has 17 years of EBITDA data on file, last reported at $215.6 million in Q1 2026.

  • EBITDA for Q1 2026 came in at $215.6 million, down 11.15% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.1 billion (down 3.27% YoY), and the FY2025 annual result was $1.1 billion, up 1.08% from the prior year.
  • EBITDA fell to $215.6 million in Q1 2026 per BXMT's latest filing, from $275.1 million in the prior quarter.
  • Over five years, EBITDA peaked at $448.2 million in Q2 2023 and troughed at $201.1 million in Q1 2022.
  • A 5-year average of $293.9 million and a median of $275.1 million in 2025 frame the typical range for EBITDA.
  • The sharpest annual moves came in 2023 and 2024: EBITDA jumped 117.6% in 2023, then tumbled 49.38% in 2024.
  • A 5-year view of EBITDA shows it stood at $225.1 million in 2022, then surged by 55.56% to $350.2 million in 2023, then declined by 8.05% to $322.0 million in 2024, then slipped by 14.58% to $275.1 million in 2025, then slipped by 21.64% to $215.6 million in 2026.
  • Business Quant data shows BXMT's EBITDA at $215.6 million in Q1 2026, $275.1 million in Q4 2025, and $312.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 245.47 Mn
2 AGNC Investment 11.42 Bn 10.75 Bn - -156.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 382.38 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - 154.24 Mn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 215.55 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - -83.17 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - -
8 Ellington Financial 1.67 Bn 1.39 Bn - 179.14 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -11.91 Mn
10 Ladder Capital 1.28 Bn 1.25 Bn - 60.73 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 215.55 Mn
Dec 31, 2025 275.10 Mn
Sep 30, 2025 311.98 Mn
Jun 30, 2025 272.61 Mn
Mar 31, 2025 242.60 Mn
Dec 31, 2024 322.04 Mn
Sep 30, 2024 266.51 Mn
Jun 30, 2024 280.40 Mn
Mar 31, 2024 221.53 Mn
Dec 31, 2023 350.22 Mn
Sep 30, 2023 386.10 Mn
Jun 30, 2023 448.25 Mn
Mar 31, 2023 437.65 Mn
Dec 31, 2022 225.14 Mn
Sep 30, 2022 307.47 Mn
Jun 30, 2022 231.23 Mn
Mar 31, 2022 201.12 Mn
Dec 31, 2021 221.73 Mn
Sep 30, 2021 167.16 Mn
Jun 30, 2021 215.00 Mn