DX
Company Description
Dynex Capital, Inc. operates as a mortgage real estate investment trust (mREIT), primarily engaging in the leveraged acquisition of various mortgage-backed securities (MBS) within the United States. Its investment portfolio includes both agency and non-agency MBS. Agency MBS are distinguished by a principal payment guarantee from a U.S. government entity or a government-sponsored enterprise (GSE), such as Fannie Mae or Freddie Mac. In contrast, non-agency MBS do not possess this governmental backing. Dynex's holdings specifically encompass residential MBS, commercial MBS (CMBS), and certain CMBS interest-only instruments. For federal income tax purposes, the company holds the designation of a real estate investment trust. This status typically exempts Dynex Capital from federal corporate income tax liabilities, provided it distributes a minimum of 90% of its taxable earnings to its shareholders. Established in 1987, the firm maintains its corporate headquarters in Glen Allen, Virginia.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 533.52M | 318.03M | 132.60M | (2.37M) | 66.76M | 232.26M | 164.41M | 83.22M | 86.02M | 82.05M | 56.14M | 121.87M |
| Net Income | 319.07M | 113.90M | (6.13M) | 143.16M | 102.26M | 177.53M | (152.67M) | 7.02M | 33.89M | 43.10M | 16.54M | 27.81M |
| EPS | 2.49 | 1.50 | -0.25 | 3.19 | 2.78 | 6.93 | -7.01 | -0.25 | 1.38 | 2.07 | 0.42 | 1.02 |
| Free Cash Flow | 120.82M | 14.39M | 62.20M | 126.35M | 146.97M | 173.95M | 175.35M | 180.56M | 204.45M | 210.51M | 216.99M | 214.55M |
| FCF / Share | 0.97 | 0.20 | 1.13 | 2.97 | 4.49 | 7.53 | 7.42 | 9.39 | 12.17 | 12.86 | 12.32 | 11.77 |
| Operating CF | 120.82M | 14.39M | 62.20M | 126.35M | 146.97M | 173.95M | 175.35M | 180.56M | 204.45M | 210.51M | 216.99M | 214.55M |
| Total Assets | 17.34B | 8.18B | 6.37B | 3.61B | 3.64B | 3.09B | 5.37B | 3.89B | 3.31B | 3.40B | 3.67B | 3.69B |
| Total Debt | 13.91B | 6.59B | 0 | 0 | 0 | 111,000 | 2.73M | 3.46M | 5.52M | 6.44M | 528.44M | 10.79M |
| Cash & Equiv | 930.39M | 377.10M | 119.64M | 332.04M | 366.02M | 295.60M | 62.58M | 34.60M | 40.87M | 74.12M | 33.94M | 43.94M |
| Book Value | 2.46B | 1.18B | 870.74M | 901.33M | 771.28M | 633.45M | 582.99M | 527.15M | 557.06M | 467.18M | 492.02M | 607.30M |
| Return on Equity | 0.13 | 0.10 | -0.01 | 0.16 | 0.13 | 0.28 | -0.26 | 0.01 | 0.06 | 0.09 | 0.03 | 0.05 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 257.39M | 177.04M | 149.68M | 111.75M | 95.06M | 88.50M | 83.46M | 74.55M | 71.53M | 71.19M | 63.27M | (9.39M) |
| Net Income | (80.36M) | 185.36M | 150.39M | (13.61M) | (3.08M) | 51.09M | 31.00M | (8.30M) | 40.12M | 24.30M | (43.05M) | 54.34M |
| EPS | -0.41 | 1.17 | 1.09 | -0.14 | -0.06 | 0.62 | 0.38 | -0.15 | 0.66 | 0.39 | -0.80 | 0.99 |
| Free Cash Flow | 69.85M | 14.30M | 68.28M | 31.88M | 6.36M | 15.14M | (2.25M) | 18.61M | (17.10M) | 16.57M | 10.40M | 31.49M |
| FCF / Share | 0.35 | 0.09 | 0.50 | 0.28 | 0.07 | 0.19 | -0.03 | 0.28 | -0.29 | 0.29 | 0.19 | 0.58 |
| Operating CF | 69.85M | 14.30M | 68.28M | 31.88M | 6.36M | 15.14M | (2.25M) | 18.61M | (17.10M) | 16.57M | 10.40M | 31.49M |
| Total Assets | 24.34B | 17.34B | 14.16B | 11.31B | 9.04B | 8.18B | 7.82B | 6.68B | 6.30B | 6.37B | 6.04B | 5.53B |
| Total Debt | 21.05B | 13.91B | 11.77B | 0 | 0 | 6.59B | 0 | 0 | 0 | 0 | 5.00B | 4.23B |
| Cash & Equiv | 773.14M | 930.39M | 823.81M | 387.52M | 327.45M | 377.10M | 268.30M | 286.13M | 295.71M | 119.64M | 271.17M | 300.11M |
| Book Value | 2.72B | 2.46B | 1.96B | 1.61B | 1.40B | 1.18B | 1.14B | 1.05B | 958.53M | 870.74M | 804.35M | 880.96M |
| Return on Equity | -0.03 | 0.08 | 0.08 | -0.01 | -0.00 | 0.04 | 0.03 | -0.01 | 0.04 | 0.03 | -0.05 | 0.06 |