DX - NYSE

Dynex Capital, Inc.

DX·NYSE

$12.79

-1.4%

Real EstateREIT - Mortgage

Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Non-Agency MBS have no such guaranty of payment. The company has qualified as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 1987 and is headquartered in Glen Allen, Virginia.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.94B

EPS2.4900

P/E Ratio5.14

Earnings Date07/20/2026

120.82M

Operating Cash Flow

740%

3Y-4.0%

5Y-31.0%

10Y-43.0%

-8.07B

Investing Cash Flow

687%

3Y+12238.0%

5Y-444.0%

10Y-11979.0%

8.26B

Financing Cash Flow

492%

3Y-25646.0%

5Y-451.0%

10Y-3221.0%

Dynex Capital, Inc. Cash Conversion Engine

DX · NYSE

FCF Components

Net Income319.07M

Depreciation & Amortization2.10M

Stock-Based Compensation12.56M

Change in Working Capital18.88M

Others-231.79M

Capital Expenditures0.00

Free Cash Flow120.82M

Cash Flow Quality Analysis

FCF Conversion Rate

37.9%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

FCF Growth Trend

+739.5%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$18.88M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Dynex Capital, Inc. Cash Flow Statement

DX • NYSE

Dynex Capital, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	319.1M	113.9M	-6.1M	143.2M	102.3M	177.5M	-152.7M	7M	33.9M	43.1M	16.5M	27.8M	68.1M	74M	39.8M	29.5M	17.6M	15.1M	8.9M	4.9M
Depreciation & Amortization	2.1M	1.9M	2.3M	2.4M	2.3M	2M	1.7M	1.2M	1.3M	1.5M	5.3M	8.9M	7.7M	-1.1M	32.5M	6.2M	2.5M	-1.6M	-583K	-538K
Change in Deferred Taxes	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	-2.5M	-1.8M	0.0	0.0	0.0
Stock-Based Compensation	12.6M	7.2M	4.8M	4.4M	2.5M	1.8M	1.2M	1.2M	2M	2.7M	3M	2.7M	2.3M	1.7M	917K	626K	527K	-271K	0.0	0.0
Other Non-Cash Items	-231.8M	-96.8M	40M	-35.8M	44.9M	-9.4M	326.5M	169.8M	166.1M	160.5M	196.2M	175.2M	129.6M	85.2M	2.8M	-294K	2.3M	-2.6M	-291K	3.1M
Change in Working Capital	18.9M	-11.8M	21.2M	12.3M	-5M	2M	-1.3M	1.3M	1.2M	2.7M	-4M	-54K	1M	-10.5M	-5.4M	-3.4M	-1.4M	-3.9M	0.0	0.0
Cash from Operating Activities	120.8M	14.4M	62.2M	126.4M	147M	174M	175.3M	180.6M	204.4M	210.5M	217M	214.6M	208.8M	149.4M	70.6M	30.1M	19.6M	6.8M	8M	7.4M
INVESTING ACTIVITIES
Acquisitions, Net	(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)	-7.2M	(0.0)	(0.0)	(0.0)
Purchase of Investments	-9B	-1.9B	-3.6B	-1.6B	-1.5B	-2.6B	-3.2B	-1.8B	-1.3B	-495.6M	-1.2B	-614.8M	-1.4B	-2.6B	-1.6B	-1.1B	-510.7M	-375.4M	-27.9M	-17.2M
Sale/Maturity of Investments	952.7M	90.3M	667.8M	1.5B	990M	5B	1.6B	922M	1.4B	547.9M	944.2M	1B	1.3B	910.8M	653.1M	372.5M	136.4M	121.6M	82.4M	126.1M
Other Investing Items	8.9M	756.1M	-49.5M	247K	-3.7M	3.5M	2M	-2M	25.2M	15.8M	15.3M	16.8M	-17.4M	37.9M	38M	54.7M	36.3M	3.4M	18.1M	-385K
Cash from Investing Activities	-8.1B	-1B	-3B	-65.4M	-555.4M	(2.3B)	-1.6B	-869.3M	(87.4M)	(68M)	-209.4M	(424.2M)	-165.1M	-1.7B	-915.8M	-685.7M	-345.2M	-250.5M	(72.7M)	(108.5M)
FINANCING ACTIVITIES
Net Issuance of Common Stock	1.2B	332.3M	42.6M	246.9M	237.1M	9.5M	38.9M	41.9M	47.2M	-173K	-41M	252K	502K	122.9M	95.3M	116.9M	12.9M	0.0	37K	-14.3M
Net Issuance of Debt	7.3B	1.2B	0.0	0.0	412.6M	-2.6M	1.5B	700M	-334M	-2M	-2.4M	-570.1M	-17.8M	1.4B	844.3M	-49.6M	331.3M	-24.1M	-98.2M	-85.6M
Cash Paid for Dividends	-246.6M	-117.8M	-93M	-72.4M	-58.9M	-52.4M	-68M	-52.8M	-47.5M	-51.9M	-61M	-64.9M	-69.3M	-59.1M	-40.9M	-18.9M	-15.8M	-9.9M	-4M	-4.4M
Share Repurchases	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-617K	-25M	(0.0)	(0.0)	-310K	-41.2M	(0.0)	-6.9M	-921K	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-14.3M
Other Financing Items	-1.6M	-1.2M	2.7B	-206.9M	-1.2M	-2.3B	-481K	-374K	-582K	-211.2M	95.8M	-29.5M	2.3M	-825K	-23.7M	595.9M	3M	266.6M	0.0	0.0
Cash from Financing Activities	8.3B	1.4B	2.7B	-32.3M	520M	-2.4B	1.5B	690.3M	-303.6M	-264.7M	-8.7M	-664.1M	-30.1M	1.5B	875.1M	644.3M	331.4M	232.7M	-102.2M	-104.3M
CASH FLOW SUMMARY
Net Change in Cash	308.8M	383.7M	-212M	28.6M	111.6M	168.4M	45.5M	1.5M	-11.7M	13.8M	41.2M	-25.4M	13.5M	7M	29.9M	-11.3M	5.8M	-11M	-21.5M	11.6M
Cash at Beginning of Period	621.5M	237.9M	449.9M	421.3M	309.7M	134.2M	88.7M	87.2M	98.9M	85.1M	43.9M	69.3M	55.8M	48.8M	18.8M	30.2M	24.3M	35.4M	56.9M	45.2M
Cash at End of Period	930.4M	621.5M	237.9M	449.9M	421.3M	302.7M	134.2M	88.7M	87.2M	98.9M	85.1M	43.9M	69.3M	55.8M	48.8M	18.8M	30.2M	24.3M	35.4M	56.9M
Free Cash Flow	120.8M	14.4M	62.2M	126.4M	147M	174M	175.3M	180.6M	204.4M	210.5M	217M	214.6M	208.8M	149.4M	70.6M	30.1M	19.6M	6.8M	8M	7.4M

SEC Filings

DX - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 22, 2026	May 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 28, 2026	April 28, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 27, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 16, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 20, 2026	April 20, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 07, 2026	May 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 27, 2026	February 26, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 25, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	January 27, 2026	January 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 26, 2026	January 26, 2026	2026	View Filing

Showing 1 to 10 of 480 filings

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