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Income Statement (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Revenue | 10M | 6.7% |
| Gross Profit | 10M | 6.7% |
| Operating expense | 10M | 6.7% |
| Net Income | -7M | 81.9% |
Balance Sheet (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Total Assets | 2.03B | 4% |
| Total Liabilities | 1.43B | 4.7% |
| Total Equity | 605M | 2.3% |
| Shares Outstanding | 49M | 1.7% |
Cash Flow (USD)
| Q1 '25 | QoQ | |
|---|---|---|
| Cash from operations | -5.7M | 19133.3% |
| Cash from financing | -88M | 39.6% |
EPS
Financial Highlights for Granite Point Mortgage Trust in Q1 '25
Granite Point Mortgage Trust reported a revenue of 10M, which is a 6.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 10M, marking a 6.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Operating Expenses for this period were 10M, showing a 6.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -7M, showing a 81.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Granite Point Mortgage Trust with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
