BLACKSTONE MORTGAGE TRUST, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Interest expense | — | — | $1.4B | $710.9M | $340.2M |
| Pretax income | $113.3M | -$199.5M | $255.3M | $254.1M | $422.7M |
| Income tax expense | $3.7M | $2.4M | $5.4M | $3.0M | $423,000 |
| Net income | $109.6M | -$204.1M | $246.6M | $248.6M | $419.2M |
| Balance Sheet | |||||
| Cash and equivalents | $452.5M | $323.5M | $350.0M | $291.3M | $551.2M |
| Total assets | $20.0B | $19.8B | $24.0B | $25.4B | $22.7B |
| Total liabilities | $16.5B | $16.0B | $19.6B | $20.8B | $18.1B |
| Total debt | $14.0B | $13.7B | — | — | — |
| Stockholders' equity | $3.5B | $3.8B | $4.4B | $4.5B | $4.6B |
| Cash Flow Statement | |||||
| Cash from operations | $275.9M | $366.5M | $458.8M | $396.8M | $382.5M |
| Depreciation and amortization | $68.8M | $9.4M | $0 | $0 | — |
| Stock-based compensation | $28.3M | $31.8M | $30.7M | $33.4M | $31.6M |
| Dividends paid | $322.7M | $404.0M | $426.9M | $421.4M | $370.7M |
| Share repurchases | $109.5M | $29.2M | $0 | $0 | — |
Shares outstanding 168.7M · Free float 87.9%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.