Dynex Capital Inc
DX- Exchange
- NYSE
- Industry
- Real Estate Investment Trusts
- SEC CIK
- 0000826675
In the last 90 days, Dynex Capital Inc insiders filed 4 open-market purchases and 0 sales; 291 institutions reported holding it in 13F filings for Q2 2026, worth $1.47B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 28, 2026, 12:33 PM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 26, 2026 | Jan 27, 2025 | Jan 29, 2024 | Jan 30, 2023 | Feb 3, 2022 |
| Revenue | $533.5M | $319.5M | $207.5M | $86.7M | $60.1M |
| Operating expenses | $53.0M | $36.5M | $32.9M | $33.8M | – |
| Interest expense | – | – | $215.4M | $43.6M | $5.67M |
| Net income | $319.1M | $113.9M | -$6.13M | $143.2M | $102.3M |
| EPS, basic | $2.49 | $1.50 | $-0.25 | $3.19 | $2.79 |
| EPS, diluted | $2.47 | $1.49 | $-0.25 | $3.17 | $2.78 |
| Weighted shares, basic | 124.1M | 70.8M | 54.8M | 42.5M | 32.6M |
| Weighted shares, diluted | 125.1M | 71.3M | 54.8M | 42.7M | 32.8M |
| Margins and growth | |||||
| Net margin | 59.8% | 35.6% | -3.0% | 165.1% | 170.3% |
| Revenue growth, year over year | +67.0% | +54.0% | +139.4% | +44.4% | −37.8% |
| Net income growth, year over year | +180.1% | – | −104.3% | +40.0% | −42.4% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 26, 2026 | Jan 27, 2025 | Jan 29, 2024 | Jan 30, 2023 | Feb 3, 2022 |
| Cash and equivalents | $531.0M | $377.1M | $119.6M | $332.0M | $366.0M |
| Total assets | $17.3B | $8.18B | $6.37B | $3.61B | $3.64B |
| Total liabilities | $14.9B | $7.00B | $5.50B | $2.70B | $2.87B |
| Shareholders' equity | $2.46B | $1.18B | $870.7M | $901.3M | $771.3M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 26, 2026 | Jan 27, 2025 | Jan 29, 2024 | Jan 30, 2023 | Feb 3, 2022 |
| Operating cash flow | $120.8M | $14.4M | $62.2M | $126.4M | $147.0M |
| Stock-based compensation | $12.6M | $7.24M | $4.83M | $4.42M | $2.52M |
| Dividends paid | $246.6M | $117.8M | $93.0M | $72.4M | $58.9M |
| Share buybacks | – | – | – | $0 | $0 |
| Investing cash flow | -$8.07B | -$1.03B | -$2.96B | -$65.4M | -$555.4M |
| Financing cash flow | $8.26B | $1.40B | $2.69B | -$32.3M | $520.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.4% | 2.3% | 2.3% | 5.1% | 4.2% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 22, 2026 | 259.6M | +76.8% | SEC |
| Jul 24, 2026 | 247.4M | +90.5% | SEC |
| Apr 24, 2026 | 215.2M | +104.3% | SEC |
| Feb 23, 2026 | 202.0M | +123.3% | SEC |
| Oct 24, 2025 | 146.8M | +85.1% | SEC |
| Jul 23, 2025 | 129.9M | +73.9% | SEC |
| Apr 24, 2025 | 105.3M | +64.2% | SEC |
| Feb 25, 2025 | 90.5M | +54.5% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.