Blackstone Mortgage Trust (BXMT) EBITDA (2010 - 2026)
Blackstone Mortgage Trust (BXMT) posted quarterly EBITDA of $148.4 million for Q2 2026, down 45.56% year-over-year from $272.6 million in Q2 2025, and down 31.15% quarter-over-quarter from $215.6 million in Q1 2026.
Blackstone Mortgage Trust (BXMT) EBITDA (2010 - 2026) Analysis & Trends
Blackstone Mortgage Trust (BXMT) has reported EBITDA for 17 consecutive years, with $148.4 million the latest figure, recorded in Q2 2026.
- In Q2 2026, EBITDA fell 45.56% year-over-year to $148.4 million; the TTM figure through Jun 2026 stood at $102.1 million (down 90.78% YoY), while the FY2025 annual figure was $1.1 billion, up 1.08% from the prior year.
- EBITDA eased to $148.4 million in Q2 2026 per BXMT's latest filing, from $215.6 million in the prior quarter.
- Across five years, EBITDA topped out at $448.2 million in Q2 2023 and bottomed at -$573.9 million in Q4 2025.
- Historically, EBITDA has averaged $234.7 million across 5 years, with a median of $269.6 million in 2024.
- Annual changes were most pronounced in 2023 — EBITDA soared 118.09% — and 2025, when it tumbled 278.19%.
- Blackstone Mortgage Trust's EBITDA stood at $225.1 million in 2022, then rose by 22.53% to $275.9 million in 2023, then advanced by 16.74% to $322.0 million in 2024, then sank by 278.19% to -$573.9 million in 2025, then soared by 125.86% to $148.4 million in 2026.
- Business Quant data shows BXMT's EBITDA at $148.4 million in Q2 2026, $215.6 million in Q1 2026, and -$573.9 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 2.16 Bn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 365.81 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 288.38 Mn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 148.42 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 145.66 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 55.05 Mn |
| 10 | Two Harbors Investment | 1.26 Bn | 617.08 Mn | - | 157.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 148.42 Mn |
| Mar 31, 2026 | 215.55 Mn |
| Dec 31, 2025 | -573.85 Mn |
| Sep 30, 2025 | 311.98 Mn |
| Jun 30, 2025 | 272.61 Mn |
| Mar 31, 2025 | 245.80 Mn |
| Dec 31, 2024 | 333.46 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 | 122.50 Mn |
| Sep 30, 2022 | 307.47 Mn |
| Jun 30, 2022 | 231.23 Mn |
| Mar 31, 2022 | 201.12 Mn |
| Dec 31, 2021 | 169.24 Mn |
| Sep 30, 2021 | 167.16 Mn |