Claros Mortgage Trust, Inc.
For the period ended Jun 30, 2026. Filed Jul 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 29, 2026
CMTG$1.72+4.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(unaudited, in thousands, except share and per share data)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |
| Revenue | ||||
| Interest and related income | $46,251 | $108,138 | $105,250 | $226,176 |
| Less: interest and related expense | 46,603 | 81,995 | 97,497 | 171,222 |
| Net interest (expense) income | (352) | 26,143 | 7,753 | 54,954 |
| Revenue from real estate owned | 30,065 | 25,489 | 51,479 | 40,053 |
| Total net revenue | 29,713 | 51,632 | 59,232 | 95,007 |
| Expenses | ||||
| Management fees - affiliate | 7,077 | 8,197 | 14,424 | 16,594 |
| General and administrative expenses | 4,722 | 5,036 | 7,934 | 9,306 |
| Stock-based compensation expense | 1,489 | 4,762 | 3,806 | 9,836 |
| Real estate owned: | ||||
| Operating expenses | 20,550 | 15,696 | 38,604 | 28,611 |
| Interest expense | 8,947 | 8,164 | 18,123 | 14,718 |
| Depreciation and amortization | 6,144 | 845 | 12,543 | 1,283 |
| Total expenses | 48,929 | 42,700 | 95,434 | 80,348 |
| Gain (loss) on sales of real estate owned | 341 | (1,640) | 341 | (1,640) |
| Loss from equity method investment | (43) | (24) | (81) | (61) |
| Loss on extinguishment of debt | - | - | (5,898) | (547) |
| Valuation adjustment for real estate owned held-for-sale | (29,623) | (313) | (29,623) | (362) |
| Provision for current expected credit loss reserve | (208,839) | (189,489) | (240,211) | (230,612) |
| Recovery of principal charge-offs | 1,949 | - | 1,949 | - |
| Valuation adjustment for loan receivable held-for-sale | - | 827 | - | (41,767) |
| Net Loss | $(255,431) | $(181,707) | $(309,725) | $(260,330) |
| Net Loss per share of common stock: | ||||
| Basic and diluted | $(1.81) | $(1.30) | $(2.20) | $(1.86) |
| Weighted average shares of common stock outstanding: | ||||
| Basic and diluted | 141,419,175 | 140,105,546 | 140,940,493 | 139,792,356 |
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