Granite Point Mortgage Trust Inc. - Understand $gpmt stock

$GPMT Market Cap: $163.9 Million

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Financial Snapshot

Revenue

$209.5M

TTM

Gross Margin

24.93%

TTM

Net Earnings

-$185.3M

TTM

Current Assets

$122.6M

Q3 2024

Current Liabilities

$732.2M

Q3 2024

Current Ratio

16.75%

Q3 2024

Total Assets

$2.301B

Q3 2024

Total Liabilities

$1.633B

Q3 2024

Book Value

$667.9M

Q3 2024

Cash

$113.5M

Q3 2024

P/E

-0.8844

Nov 29, 2024 EST

Free Cash Flow

$4.122M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$266.5M	$210.9M	$198.3M	$237.7M	$246.3M	$183.9M	$117.8M	$60.83M	$9.139M
YoY Change	26.39%	6.34%	-16.59%	-3.47%	33.92%	56.05%	93.72%	565.59%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$266.5M	$210.9M	$198.3M	$237.7M	$246.3M	$183.9M	$117.8M	$60.83M	$9.139M
Cost Of Revenue	$181.7M	$126.1M	$105.6M	$128.7M	$152.1M	$104.0M	$52.20M	$18.20M	$1.700M
Gross Profit	$84.76M	$83.98M	$92.71M	$93.20M	$95.40M	$81.30M	$65.60M	$42.80M	$7.700M
Gross Profit Margin	31.8%	39.83%	46.75%	39.21%	38.74%	44.21%	55.67%	70.36%	84.25%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$37.31M	$36.70M	$35.27M	$33.10M	$25.20M	$18.20M	$12.30M	$7.500M	$7.500M
YoY Change	1.68%	4.04%	6.56%	31.35%	38.46%	47.97%	64.0%	0.0%
% of Gross Profit	44.02%	43.7%	38.05%	35.52%	26.42%	22.39%	18.75%	17.52%	97.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.492M	$0.00	$0.00		$266.0K	$19.00K	$0.00	$0.00
YoY Change					1300.0%
% of Gross Profit	4.12%	0.0%	0.0%		0.28%	0.02%	0.0%	0.0%
Operating Expenses	$148.1M	$106.0M	$15.24M	$86.80M	$25.20M	$18.30M	$12.30M	$7.500M	$7.400M
YoY Change	39.76%	595.11%	-82.44%	244.44%	37.7%	48.78%	64.0%	1.35%
Operating Profit	-$63.34M	-$21.98M	$77.46M	$6.400M	$70.20M	$63.00M	$53.30M	$35.30M	$300.0K
YoY Change	188.11%	-128.38%	1110.38%	-90.88%	11.43%	18.2%	50.99%	11666.67%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	$181.7M	$126.1M	$105.6M	$112.9M	$137.0M	$91.52M	$42.46M	$11.03M	$477.0K
YoY Change	44.09%	19.46%	-6.51%	-17.55%	49.67%	115.54%	285.01%	2212.16%
% of Operating Profit			136.3%	1764.61%	195.13%	145.27%	79.67%	31.24%	159.0%
Other Income/Expense, Net	-$101.8M	-$88.84M	$11.11M	-$69.51M	$1.210M	$1.446M	$0.00	$203.0K	$195.0K
YoY Change	14.61%	-899.75%	-115.98%	-5844.3%	-16.32%		-100.0%	4.1%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	-$63.10M	-$40.81M	$68.55M	-$39.85M	$70.21M	$63.07M	$53.30M	$35.35M	$208.0K
YoY Change	54.63%	-159.53%	-272.02%	-156.75%	11.32%	18.33%	50.8%	16893.27%
Income Tax	$95.00K	$17.00K	$192.0K	$593.0K	-$4.000K	-$2.000K	-$4.000K	-$11.00K	$70.00K
% Of Pretax Income			0.28%		-0.01%	0.0%	-0.01%	-0.03%	33.65%
Net Earnings	-$77.65M	-$40.83M	$68.35M	-$40.44M	$70.21M	$63.08M	$53.31M	$35.36M	$138.0K
YoY Change	90.2%	-159.73%	-269.03%	-157.59%	11.32%	18.33%	50.76%	25521.01%
Net Earnings / Revenue	-29.14%	-19.36%	34.47%	-17.01%	28.51%	34.3%	45.24%	58.13%	1.51%
Basic Earnings Per Share	-$1.50	-$1.04	$1.24	-$0.73	$1.32	$1.45	$0.60	$0.00
Diluted Earnings Per Share	-$1.50	-$1.04	$1.23	-$0.73	$1.32	$1.42	$0.60	$0.00	$2.315K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$188.4M	$133.1M	$191.9M	$261.4M	$80.30M	$91.70M	$107.8M	$56.00M	$56.10M
YoY Change	41.49%	-30.64%	-26.58%	225.53%	-12.43%	-14.94%	92.5%	-0.18%
Cash & Equivalents	$188.4M	$133.1M	$191.9M	$261.4M	$80.30M	$91.70M	$107.8M	$56.00M	$56.10M
Short-Term Investments
Other Short-Term Assets					$900.0K	$1.100M	$400.0K
YoY Change					-18.18%	175.0%
Inventory
Prepaid Expenses
Receivables	$12.38M	$13.41M	$10.72M	$12.40M	$11.30M	$10.30M	$7.100M	$11.50M	$3.900M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$200.0K	$0.00
Total Short-Term Assets	$200.8M	$146.5M	$202.6M	$273.8M	$92.50M	$103.1M	$115.3M	$67.70M	$60.00M
YoY Change	36.99%	-27.68%	-25.99%	196.0%	-10.28%	-10.58%	70.31%	12.83%
Property, Plant & Equipment	$16.94M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.718B	$3.350B	$3.782B	$3.915B	$4.257B	$3.207B	$2.359B	$1.425B	$661.0M
YoY Change	-18.85%	-11.42%	-3.38%	-8.05%	32.74%	35.94%	65.53%	115.61%
Other Assets	$10.85M	$7.033M	$12.36M	$67.80M	$85.70M	$35.60M	$11.80M	$2.600M	$1.800M
YoY Change	54.22%	-43.11%	-81.77%	-20.89%	140.73%	201.69%	353.85%	44.44%
Total Long-Term Assets	$2.646B	$3.308B	$3.786B	$3.946B	$4.368B	$3.259B	$2.384B	$1.428B	$662.7M
YoY Change	-20.0%	-12.63%	-4.05%	-9.67%	34.05%	36.71%	66.94%	115.47%
Total Assets	$2.847B	$3.454B	$3.989B	$4.220B	$4.461B	$3.362B	$2.499B	$1.496B	$722.7M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$22.63M	$24.97M	$21.44M	$23.00M	$24.30M	$16.60M	$9.900M	$1.200M	$700.0K
YoY Change	-9.35%	16.47%	-6.8%	-5.35%	46.39%	67.68%	725.0%	71.43%
Deferred Revenue
YoY Change
Short-Term Debt	$875.4M	$1.016B	$677.3M	$1.709B	$424.3M	$842.1M	$56.50M	$593.6M	$226.6M
YoY Change	-13.8%	49.95%	-60.37%	302.76%	-49.61%	1390.44%	-90.48%	161.96%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$912.2M	$1.055B	$713.1M	$1.757B	$471.7M	$877.0M	$82.90M	$616.3M	$235.7M
YoY Change	-13.52%	47.92%	-59.41%	272.46%	-46.21%	957.9%	-86.55%	161.48%
Long-Term Debt	$1.076B	$1.415B	$2.261B	$1.528B	$2.969B	$1.656B	$1.586B	$451.2M	$0.00
YoY Change	-23.96%	-37.44%	47.99%	-48.54%	79.29%	4.38%	251.6%
Other Long-Term Liabilities					$200.0K	$500.0K	$200.0K	$100.0K	$200.0K
YoY Change					-60.0%	150.0%	100.0%	-50.0%
Total Long-Term Liabilities	$1.076B	$1.415B	$2.261B	$1.528B	$2.969B	$1.656B	$1.587B	$451.3M	$200.0K
YoY Change	-23.96%	-37.44%	47.99%	-48.54%	79.25%	4.4%	251.56%	225550.0%
Total Liabilities	$1.988B	$2.470B	$2.974B	$3.285B	$3.441B	$2.533B	$1.670B	$1.068B	$235.8M
YoY Change	-19.5%	-16.97%	-9.45%	-4.53%	35.81%	51.75%	56.38%	352.76%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Basic Shares Outstanding	51.64M shares	53.01M shares	54.59M shares	55.16M shares	53.09M shares	43.45M shares	43.23M shares	0.000 shares	0.000 shares
Diluted Shares Outstanding	51.64M shares	53.01M shares	54.93M shares	55.16M shares	53.09M shares	52.04M shares	43.23M shares	0.000 shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $163.86 Million

About Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust, Inc. operates as a real estate investment trust, which focuses on originating, investing in, and managing senior floating-rate commercial mortgage loans, other debt and debt-like commercial real estate investments. The company is headquartered in New York City, New York and currently employs 35 full-time employees. The company went IPO on 2017-06-23. The firm focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Its investment objective is to preserve its stockholder's capital while generating attractive risk-adjusted returns over the long term, primarily through dividends derived from current income produced by its investment portfolio. The firm provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancings and a range of business plans. The company may also directly originate and invest in mezzanine loans, subordinated mortgage interests and other real estate securities, and may also invest in preferred equity investments and other investments. The firm's loan portfolio consisted of approximately 73 commercial real estate loan investments.

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