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

Blackstone Mortgage Trust's (BXMT) quarterly EBITDA came in at $215.6 million in Q1 2026, down 12.3% year-on-year from $245.8 million in Q1 2025, and up 138.72% on a QoQ basis from -$556.7 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.

  • On a quarterly basis, EBITDA fell 12.3% year-over-year to $215.6 million in Q1 2026; TTM through Mar 2026 was $243.4 million, a 78.17% decrease from a year earlier, with the FY2025 full-year figure at $1.1 billion, up 1.08% from the prior year.
  • EBITDA for Q1 2026 stood at $215.6 million, up from -$556.7 million in the prior quarter.
  • Over the last five years, EBITDA for BXMT reached as high as $448.2 million in Q2 2023 and fell as low as -$556.7 million in Q4 2025.
  • Historically, EBITDA has averaged $245.2 million across 5 years, with a median of $272.6 million in 2025.
  • Across the five-year window, EBITDA jumped 118.09% in 2023 and tumbled 272.88% in 2025, its largest moves.
  • Year by year, EBITDA stood at $225.1 million in 2022, then surged by 55.55% to $350.2 million in 2023, then decreased by 8.05% to $322.0 million in 2024, then tumbled by 272.88% to -$556.7 million in 2025, then soared by 138.72% to $215.6 million in 2026.
  • Per Business Quant data, the three most recent EBITDA figures were $215.6 million in Q1 2026, -$556.7 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 16.30 Bn 14.44 Bn - 1.56 Bn
2 AGNC Investment 11.85 Bn 11.36 Bn - -
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 382.38 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - 598.90 Mn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 215.55 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 188.28 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - -
8 Armour Residential REIT 1.42 Bn 1.34 Bn - -
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 167.51 Mn
10 Ladder Capital 1.20 Bn 1.17 Bn - 54.37 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 215.55 Mn
Dec 31, 2025 -556.74 Mn
Sep 30, 2025 311.98 Mn
Jun 30, 2025 272.61 Mn
Mar 31, 2025 245.80 Mn
Dec 31, 2024 322.04 Mn
Sep 30, 2024 266.51 Mn
Jun 30, 2024 280.40 Mn
Mar 31, 2024 221.56 Mn
Dec 31, 2023 350.22 Mn
Sep 30, 2023 386.10 Mn
Jun 30, 2023 448.25 Mn
Mar 31, 2023 438.63 Mn
Dec 31, 2022 225.15 Mn
Sep 30, 2022 307.47 Mn
Jun 30, 2022 231.23 Mn
Mar 31, 2022 201.12 Mn
Dec 31, 2021 257.87 Mn
Sep 30, 2021 167.16 Mn
Jun 30, 2021 215.00 Mn