Starwood Property Trust, Inc. (STWD) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	2.0B	1.9B	2.0B	2.1B	1.6B
Cost of Revenue	471.5M	366.5M	281.6M	290.4M	302.9M
Gross Profit	1.6B	1.5B	1.8B	1.8B	1.3B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	56.7M	—	—	—	—
General & Admin Expense	56.7M	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	9.5M	80.9M	115.7M	347.3M	188.0M
Total Operating Expenses	66.2M	80.9M	115.7M	347.3M	188.0M
Cost and Expenses	537.7M	447.4M	397.3M	637.7M	490.9M
Operating Income (EBIT)	1.5B	1.4B	1.6B	1.4B	1.1B
Non-Operating
Interest Income	794.3M	34.5M	1.8B	1.9B	1.3B
Interest Expense	1.3B	1.3B	1.3B	1.4B	797.1M
Net Interest Income	(547.8M)	(1.2B)	416.2M	444.5M	486.5M
Other Non-Op Income/Expense	(1.2B)	(953.0M)	(1.2B)	(996.8M)	(64.7M)
Non-Operating Income (excl Interest)	(156.3M)	(324.0M)	(111.0M)	(439.3M)	(732.5M)
EBT (Pre-Tax Income)	299.3M	479.8M	406.0M	417.5M	997.5M
Income Tax Expense	34.6M	36.7M	25.4M	(682.0K)	(61.5M)
Bottom Line
Net Income	227.9M	411.5M	359.9M	339.2M	871.5M
Earnings from Cont. Ops	264.7M	443.1M	380.6M	418.2M	1.1B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	218.1M	402.4M	352.7M	332.8M	854.4M
Per Share
Basic EPS	$0.67	$1.22	$1.13	$1.07	$3.09
Diluted EPS	$0.68	$1.22	$1.12	$1.07	$3.09
Revenue Per Share	$5.52	$5.58	$6.38	$6.62	$5.50
Shares
Basic Shares Outstanding	366.7M	336.9M	319.9M	309.8M	282.5M
Diluted Shares Outstanding	366.7M	337.1M	320.6M	310.5M	282.5M
Profitability Metrics
EBITDA	1.8B	1.8B	1.8B	1.9B	1.8B
D&A	129.2M	82.1M	43.1M	51.1M	51.0M
EBIT	1.6B	1.8B	1.8B	1.9B	1.8B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026