For the quarter ending 2026-03-31, PMT had -$58,012K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 24,616 | 52,362 | 58,296 | 17,214 |
| Change in fair value of mortgage servicing rights | -61,299 | -77,612 | -116,379 | -219,718 |
| Mortgage servicing rights hedging results | 11,881 | 44,990 | 27,360 | 100,581 |
| Net gains on loans held for sale | 22,910 | 7,187 | 14,857 | 30,150 |
| Net losses (gains) on investments and financings | -23,063 | 53,033 | 64,087 | 95,993 |
| Accrual of unearned discounts and amortization of purchase premiums on mortgage-backed securities, loans held for investment, and asset-backed financings, net | 3,107 | 4,547 | 11,686 | 15,350 |
| Amortization of debt issuance costs | 4,832 | 4,845 | 7,110 | 8,212 |
| Results of real estate acquired in settlement of loans | -48 | 105 | -27 | -142 |
| Share-based compensation expense | 1,099 | 1,252 | 812 | 1,801 |
| Purchase of loans held for sale from nonaffiliates | 453,220 | 520,064 | 5,360,209 | 53,673,734 |
| Purchase of loans held for sale from pennymac financial services, inc | 4,380,289 | 5,543,699 | 3,983,322 | 1,689,692 |
| Sale to nonaffiliates and repayment of loans held for sale | 2,217,203 | 2,812,416 | 2,496,351 | 4,983,696 |
| Sale of loans held for sale to pennymac financial services, inc | 0 | 39,421 | 5,474,275 | 47,382,225 |
| Repurchase of loans subject to representations and warranties | -3,601 | -4,778 | -8,016 | -13,097 |
| Decrease in servicing advances | -17,604 | 35,278 | -8,845 | -34,464 |
| Decrease in due from pennymac financial services, inc | -2,948 | 929 | 3,277 | -1,121 |
| Repurchase of real estate previously sold as loans acquired for sale | - | 0 | - | - |
| (increase) decrease in other assets | 1,965 | 162,243 | 33,430 | -164,693 |
| Decrease in accounts payable and accrued liabilities | -31,446 | 32,619 | -6,261 | 2,423 |
| Increase (decrease) in due to pennymac financial services, inc | 378 | -23,043 | 9,561 | 398 |
| Increase (decrease) in income taxes payable | 2,201 | -16,356 | -11,494 | -8,535 |
| Net cash used in operating activities | -2,529,366 | -3,305,745 | -1,297,623 | -2,609,863 |
| Purchase of mortgage servicing rights | - | 0 | 0 | 0 |
| Net decrease (increase) in short-term investments | -2,829 | 9,475 | 72,457 | 5,388 |
| Purchase of mortgage-backed securities | 4,000 | 0 | 905,380 | 37,082 |
| Sale and repayment of mortgage-backed securities | 666,313 | 200,794 | 321,370 | 230,814 |
| Repurchase of loans at fair value | - | 0 | - | - |
| Repayment of loans held for investment | 523,915 | 353,119 | 153,624 | 145,907 |
| Net settlement of derivative financial instruments | 1,010 | 1,435 | -2,529 | -2,581 |
| Distribution from credit risk transfer arrangements | 50,581 | 36,308 | 43,963 | 71,269 |
| Transfer of mortgage servicing rights relating to delinquent loans to agency | 295 | 201 | 284 | 391 |
| Sale of real estate acquired in settlement of loans | 117 | 547 | 0 | 686 |
| Decrease (increase) in margin deposits | -27,082 | 26,941 | -20,441 | 95,252 |
| Net cash provided by investing activities | 1,265,532 | 552,716 | -436,194 | 313,144 |
| Sale of assets under agreements to repurchase | 13,713,269 | 12,730,339 | 16,713,866 | 71,996,262 |
| Repurchase of assets sold under agreements to repurchase | 14,432,214 | 12,420,120 | 15,834,015 | 71,672,592 |
| Issuance of mortgage loan participation purchase and sale agreements | 0 | 0 | 56,497 | 608,627 |
| Repayment of mortgage loan participation purchase and sale agreements | 0 | 0 | 65,030 | 611,745 |
| Issuance of notes payable secured by credit risk transfer and mortgage servicing assets | 251,693 | 225,000 | 100,000 | 50,000 |
| Repayment of notes payable secured by credit risk transfer and mortgage servicing assets | 111,939 | 216,416 | 518,958 | 316,594 |
| Issuance of unsecured senior notes | 0 | 150,000 | 0 | 277,500 |
| Repayment of unsecured senior notes | 345,000 | 0 | - | - |
| Issuance of asset-backed financings of variable interest entities | 2,691,462 | 2,679,653 | 1,380,735 | 2,236,766 |
| Repayment of asset-backed financings of variable interest entities | 511,082 | 339,726 | 150,599 | 143,356 |
| Payment of debt issuance costs | 3,927 | 1,921 | 2,794 | 11,225 |
| Payment of dividends to preferred shareholders | 10,455 | 10,455 | 10,454 | 20,910 |
| Payment of dividends to common shareholders | 34,843 | 34,843 | 34,843 | 69,681 |
| Payment of vested share-based compensation tax withholdings | 1,142 | 0 | 0 | 1,127 |
| Repurchase of common shares of beneficial interest | - | 0 | - | - |
| Net cash provided by financing activities | 1,205,822 | 2,761,511 | 1,634,405 | 2,321,925 |
| Net decrease in cash | -58,012 | 8,482 | -99,412 | 25,206 |
| Cash at beginning of quarter | 271,970 | 263,488 | 337,694 | - |
| Cash at end of quarter | 213,958 | 271,970 | 263,488 | - |
PennyMac Mortgage Investment Trust (PMT)
PennyMac Mortgage Investment Trust (PMT)