For the quarter ending 2026-03-31, PMTU had -$58,012K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 24,616 | 52,362 | 75,510 |
| Change in fair value of mortgage servicing rights | -61,299 | -77,612 | -336,097 |
| Mortgage servicing rights hedging results | 11,881 | 44,990 | 127,941 |
| Net gains on loans held for sale | 22,910 | 7,187 | 45,007 |
| Net losses (gains) on investments and financings | -23,063 | 53,033 | 160,080 |
| 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 | 27,036 |
| Amortization of debt issuance costs | 4,832 | 4,845 | 15,322 |
| Results of real estate acquired in settlement of loans | -48 | 105 | -169 |
| Share-based compensation expense | 1,099 | 1,252 | 2,613 |
| Purchase of loans held for sale from nonaffiliates | 453,220 | 520,064 | 59,033,943 |
| Purchase of loans held for sale from pennymac financial services, inc | 4,380,289 | 5,543,699 | 5,673,014 |
| Sale to nonaffiliates and repayment of loans held for sale | 2,217,203 | 2,812,416 | 7,480,047 |
| Sale of loans held for sale to pennymac financial services, inc | 0 | 39,421 | 52,856,500 |
| Repurchase of loans subject to representations and warranties | -3,601 | -4,778 | -21,113 |
| Decrease in servicing advances | -17,604 | 35,278 | -43,309 |
| Decrease in due from pennymac financial services, inc | -2,948 | 929 | 2,156 |
| Repurchase of real estate previously sold as loans acquired for sale | - | 0 | - |
| (increase) decrease in other assets | 1,965 | 162,243 | -131,263 |
| Decrease in accounts payable and accrued liabilities | -31,446 | 32,619 | -3,838 |
| Increase (decrease) in due to pennymac financial services, inc | 378 | -23,043 | 9,959 |
| Increase (decrease) in income taxes payable | 2,201 | -16,356 | -20,029 |
| Net cash used in operating activities | -2,529,366 | -3,305,745 | -3,907,486 |
| Net decrease (increase) in short-term investments | -2,829 | 9,475 | 77,845 |
| Purchase of mortgage-backed securities | 4,000 | 0 | 942,462 |
| Sale and repayment of mortgage-backed securities | 666,313 | 200,794 | 552,184 |
| Repurchase of loans at fair value | - | 0 | - |
| Repayment of loans held for investment | 523,915 | 353,119 | 299,531 |
| Net settlement of derivative financial instruments | 1,010 | 1,435 | -5,110 |
| Distribution from credit risk transfer arrangements | 50,581 | 36,308 | 115,232 |
| Purchase of mortgage servicing rights | - | 0 | 0 |
| Transfer of mortgage servicing rights relating to delinquent loans to agency | 295 | 201 | 675 |
| Sale of real estate acquired in settlement of loans | 117 | 547 | 686 |
| Decrease (increase) in margin deposits | -27,082 | 26,941 | 74,811 |
| Net cash provided by investing activities | 1,265,532 | 552,716 | -123,050 |
| Sale of assets under agreements to repurchase | 13,713,269 | 12,730,339 | 88,710,128 |
| Repurchase of assets sold under agreements to repurchase | 14,432,214 | 12,420,120 | 87,506,607 |
| Issuance of mortgage loan participation purchase and sale agreements | 0 | 0 | 665,124 |
| Repayment of mortgage loan participation purchase and sale agreements | 0 | 0 | 676,775 |
| Issuance of notes payable secured by credit risk transfer and mortgage servicing assets | 251,693 | 225,000 | 150,000 |
| Repayment of notes payable secured by credit risk transfer and mortgage servicing assets | 111,939 | 216,416 | 835,552 |
| Issuance of unsecured senior notes | 0 | 150,000 | 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 | 3,617,501 |
| Repayment of asset-backed financings of variable interest entities | 511,082 | 339,726 | 293,955 |
| Payment of debt issuance costs | 3,927 | 1,921 | 14,019 |
| Payment of dividends to preferred shareholders | 10,455 | 10,455 | 31,364 |
| Payment of dividends to common shareholders | 34,843 | 34,843 | 104,524 |
| Payment of vested share-based compensation tax withholdings | 1,142 | 0 | 1,127 |
| Repurchase of common shares of beneficial interest | - | 0 | - |
| Net cash provided by financing activities | 1,205,822 | 2,761,511 | 3,956,330 |
| Net decrease in cash | -58,012 | 8,482 | -74,206 |
| 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 (PMTU)
PennyMac Mortgage Investment Trust (PMTU)