Get started

Financials · DX

Dynex Capital Inc. (DX) financials

For the twelve months ended Sep 30, 2026, Dynex Capital Inc. reported $1.07B of revenue and -$49.75M of net income.

Revenue, TTM
$1.07B
Revenue growth, YoY
+140.4%
Net income, TTM
-$49.75M
Net margin
-4.7%
Cash
$993.01M
P/S
2.61
Market cap
$2.79B
Annual revenue$533.52M
FY2016FY2025
Annual net income$319.07M
FY2016FY2025

DX revenue and earnings growth

DX revenueQ3 2026$332.50M

Quarter YoY
+122.1%
QoQ
+9.8%
FY YoY
+67.0%
5Y CAGR
+40.8%
10Y CAGR
+18.2%

DX revenue was $332.50M in fiscal Q3 2026 (ended Sep 30, 2026), up 122.1% from a year earlier and up 9.8% from the prior quarter. For the full fiscal 2025 it was $533.52M, up 67.0% from fiscal 2024. Compound annual growth was +40.8% over 5 years and +18.2% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

DX net incomeQ3 2026-$335.54M

FY YoY
+180.1%
5Y CAGR
+12.4%
10Y CAGR
+34.4%

DX net income was -$335.54M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $150.39M a year earlier. For the full fiscal 2025 it was $319.07M, up 180.1% from fiscal 2024. Compound annual growth was +12.4% over 5 years and +34.4% over 10 years. Fiscal 2025 is the highest of the 15 fiscal years on file.

DX EPSQ3 2026-$1.34

DX diluted EPS was -$1.34 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was $2.47.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$533.52M$319.53M$207.52M$86.69M$60.05M$96.47M$170.17M$110.05M$94.50M$91.90M
Interest expense--$215.45M$43.61M$5.67M$32.62M$114.11M$59.57M$36.18M$25.23M
Net income$319.07M$113.90M-$6.13M$143.16M$102.26M$177.53M-$152.67M$7.02M$33.89M$43.10M
EPS, basic$2.49$1.50-$0.25$3.19$2.79$6.93-$7.01-$0.25$1.37$2.07
EPS, diluted$2.47$1.49-$0.25$3.17$2.78$6.93-$7.01-$0.25$1.37$2.07
Diluted shares125.1M71.3M54.8M42.7M32.8M23.1M23.6M19.2M16.8M16.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$531.04M$621.54M$237.86M$449.88M$421.31M$309.74M$136.23M$92.42M$87.20M$98.89M
Total assets$17.34B$8.18B$6.37B$3.61B$3.64B$3.09B$5.37B$3.89B$3.31B$3.40B
Total debt---------$6.44M
Total liabilities$14.88B$7.00B$5.50B$2.70B$2.87B$2.46B$4.79B$3.36B$2.75B$2.93B
Shareholders' equity$2.46B$1.18B$870.74M$901.33M$771.28M$633.45M$582.99M$527.15M$557.06M$467.18M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$120.82M$14.39M$62.20M$126.35M$146.97M$173.95M$175.35M$180.56M$204.45M$210.51M
Investing cash flow-$8.07B-$1.03B-$2.96B-$65.44M-$555.38M$2.35B-$1.61B-$869.34M$87.43M$67.97M
Financing cash flow$8.26B$1.40B$2.69B-$32.34M$519.98M-$2.35B$1.47B$690.28M-$303.57M-$264.72M
Dividends paid$246.60M$117.84M$93.04M$72.37M$58.90M$52.44M$68.04M$52.79M$47.53M$51.90M
Share repurchases---$0$0$372.0K$25.03M$0$0$310.0K
Stock-based compensation$12.56M$7.24M$4.83M$4.42M$2.52M$1.82M$1.21M$1.23M$1.95M$2.71M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY67.0%54.0%139.4%44.4%-37.8%-43.3%54.6%16.5%2.8%-8.3%
Net income growth, YoY180.1%--40.0%-42.4%---79.3%-21.4%160.5%
EPS growth, YoY---14.0%-----33.8%392.9%
Net margin59.8%35.6%-3.0%165.1%170.3%184.0%-89.7%6.4%35.9%46.9%
Return on equity13.0%9.6%-0.7%15.9%13.3%28.0%-26.2%1.3%6.1%9.2%
Return on assets1.8%1.4%-0.1%4.0%2.8%5.7%-2.8%0.2%1.0%1.3%
Debt to equity---------0.01

Source: XBRL data Dynex Capital Inc. files with the SEC, latest filing dated Oct 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-3, first reported Aug 6, 2019.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DX$1.07B+140.4%-$49.75M-4.7%$2.79B
WELL$13.79B+39.2%$1.67B12.1%$180.05B
PLD$8.95B+6.7%$3.71B41.5%$122.19B
EQIX$10.06B+11.1%$1.65B16.4%$98.73B
AMT$11.01B+5.3%$3.31B30.1%$89.97B
SPG$6.94B+15.0%$4.62B66.5%$73.30B
DLR$6.34B+12.6%$1.38B21.7%$66.08B
PSA$5.03B+5.2%$1.90B37.8%$63.62B
O$6.21B+10.8%$1.36B21.8%$56.58B

DX FAQ

6 questions
  • What is DX revenue?
    Dynex Capital Inc. (DX) reported $1.07B of revenue for the twelve months ended Sep 30, 2026. That is up 140.4% from the year before. Revenue for fiscal 2025 was $533.52M.
  • Is DX profitable?
    No. Dynex Capital Inc. reported a net loss of $49.75M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does DX have?
    Dynex Capital Inc. reported $993.01M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is DX revenue growing?
    Dynex Capital Inc.'s revenue changed +67.0% in fiscal 2025, to $533.52M. Its compound annual growth rate was +40.8% over 5 years and +18.2% over 10 years.
  • When did DX last report financial results?
    The latest statements here come from Dynex Capital Inc.'s 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.
  • Where does this DX financial data come from?
    Quantisnow builds these statements from the structured XBRL data Dynex Capital Inc. files with the SEC. It is provided for information only and is not investment advice.