DX
Dynex Capital Inc
NYSE: DX · REAL ESTATE · REIT - MORTGAGE
$13.37
-0.30% today
Updated 2026-05-11
Market cap
$2.88B
P/E ratio
6.31
P/S ratio
9.46x
EPS (TTM)
$2.12
Dividend yield
15.20%
52W range
$10 – $14
Volume
6.0M
Dynex Capital Inc (DX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.45M | $30.78M | $31.97M | $39.41M | $51.67M | $73.79M | $122.01M | $119.91M | $121.87M | $56.14M | $82.05M | $86.02M | $83.22M | $164.41M | $232.26M | $66.76M | $-2.37M | $-40.24M | $318.03M | $533.52M |
| Revenue growth (YoY) | — | -39.0% | +3.9% | +23.3% | +31.1% | +42.8% | +65.3% | -1.7% | +1.6% | -53.9% | +46.2% | +4.8% | -3.3% | +97.6% | +41.3% | -71.3% | -103.6% | -1596.3% | +890.4% | +67.8% |
| Cost of revenue | $4.51M | $2.71M | $6.62M | $7.50M | $-8.18M | $10.83M | $-824000.00 | $-19.14M | $9.51M | $-499000.00 | $-103000.00 | $-75000.00 | $59.57M | $136.65M | $32.62M | $5.67M | $18.30M | $2.15M | $20.50M | $419.17M |
| Gross profit | $49.91M | $30.20M | $30.38M | $36.94M | $39.31M | $73.79M | $122.01M | $119.91M | $121.87M | $56.14M | $82.05M | $86.02M | $83.22M | $164.41M | $232.26M | $66.76M | $-2.37M | $-42.39M | $318.03M | $533.52M |
| Gross margin | 98.9% | 98.1% | 95.0% | 93.7% | 76.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 105.3% | 100.0% | 100.0% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $60.00 | $0.00 | — | — |
| SG&A | $4.52M | $4.00M | $5.63M | $6.72M | $8.82M | $9.96M | $12.74M | $13.06M | $16.01M | $17.67M | $14.71M | $15.82M | $15.11M | $15.99M | $21.08M | $11.33M | $32.35M | $30.73M | $14.09M | $51.51M |
| Operating income | $6.35M | $7.99M | $13.39M | $17.44M | $27.41M | $49.89M | $73.76M | $67.41M | $34.98M | $15.75M | $42.09M | $34.01M | $7.02M | $-152.67M | $210.15M | $107.93M | $186.77M | $-73.11M | $427.56M | $738.23M |
| Operating margin | 12.6% | 26.0% | 41.9% | 44.2% | 53.1% | 67.6% | 60.5% | 56.2% | 28.7% | 28.1% | 51.3% | 39.5% | 8.4% | -92.9% | 90.5% | 161.7% | -7874.1% | 181.7% | 134.4% | 138.4% |
| EBITDA | $45.04M | $29.55M | $35.81M | $34.73M | $50.01M | $52.29M | $123.64M | $98.30M | $46.93M | $35.65M | $68.08M | $70.07M | $66.60M | $-38.56M | $210.15M | $107.93M | $186.77M | $-73.11M | $427.56M | $738.23M |
| EBITDA margin | 89.3% | 96.0% | 112.0% | 88.1% | 96.8% | 70.9% | 101.3% | 82.0% | 38.5% | 63.5% | 83.0% | 81.5% | 80.0% | -23.5% | 90.5% | 161.7% | -7874.1% | 181.7% | 134.4% | 138.4% |
| EBIT | $45.58M | $30.14M | $37.39M | $32.26M | $43.83M | $19.79M | $197.68M | $185.76M | $34.98M | $39.15M | $42.09M | $71.31M | $67.67M | $-152.67M | $210.15M | $107.93M | $186.77M | $-73.11M | — | — |
| Interest expense | $39.36M | $20.09M | $19.11M | $14.67M | $14.36M | $24.08M | $35.15M | $39.03M | $25.91M | $22.61M | $25.23M | $36.18M | $59.57M | $114.11M | $32.62M | $5.67M | $43.61M | $215.45M | $313.66M | $419.17M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $4.91M | $8.90M | $15.12M | $17.58M | $29.47M | $39.81M | $74.04M | $68.07M | $27.81M | $16.54M | $43.10M | $33.89M | $7.02M | $-152.67M | $177.53M | $102.26M | $143.16M | $-6.13M | $113.90M | $319.07M |
| Net income growth (YoY) | — | +81.3% | +69.9% | +16.3% | +67.6% | +35.1% | +86.0% | -8.1% | -59.2% | -40.5% | +160.5% | -21.4% | -79.3% | -2273.8% | +216.3% | -42.4% | +40.0% | -104.3% | +1958.0% | +180.1% |
| Profit margin | 9.7% | 28.9% | 47.3% | 44.6% | 57.0% | 54.0% | 60.7% | 56.8% | 22.8% | 29.5% | 52.5% | 39.4% | 8.4% | -92.9% | 76.4% | 153.2% | -6035.5% | 15.2% | 35.8% | 59.8% |