AGNC Investment Corp (AGNC) financial statements: income statement, balance sheet and cash flow

AGNC Investment Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), AGNC Investment Corp reported net income of $1.7B (+93.5% year on year).

Income statement

AGNC Investment Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Interest Income, Operating	$3.5B	$2.9B	—	—
Interest Expense, Operating	$2.8B	$2.9B	—	—
Net interest income	$675.0M	$18.0M	($246.0M)	$965.0M
Dividends declared per common share	$1.44	$1.44	$1.44	$1.44
Net gain (loss) on sale of investment securities	($529.0M)	($188.0M)	($1.6B)	($2.9B)
Unrealized gain (loss) on investment securities measured at fair value through net income, net	$2.7B	($885.0M)	$1.7B	($3.8B)
(Loss) gain on derivative instruments and other securities, net	($1.1B)	$2.0B	$386.0M	$4.6B
Nonoperating Income (Expense)	$1.1B	$955.0M	$497.0M	($2.1B)
Labor and Related Expense	$87.0M	$74.0M	$62.0M	$41.0M
General and administrative expenses	$40.0M	$36.0M	$34.0M	$33.0M
Total expenses	$127.0M	$110.0M	$96.0M	$74.0M
Net income	$1.7B	$863.0M	$155.0M	($1.2B)
Dividend on preferred stock	$161.0M	$132.0M	$123.0M	$105.0M
Net income available to common stockholders	$1.5B	$731.0M	$32.0M	($1.3B)
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax	$268.0M	($74.0M)	$155.0M	($973.0M)
Comprehensive income	$1.9B	$789.0M	$310.0M	($2.2B)
Comprehensive income available to common stockholders	$1.8B	$657.0M	$187.0M	($2.3B)
Weighted average number of common shares outstanding - basic	1.0B	783.4M	618.4M	537.0M
Weighted average number of common shares outstanding - diluted	1.0B	786.0M	619.6M	537.0M
Earnings Per Share, Basic	$1.48	$0.93	$0.05	-$2.41
Net income per common share - diluted	$1.47	$0.93	$0.05	-$2.41

AGNC Investment Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Interest Income, Operating	$1.0B	$1.1B	$903.0M	$830.0M
Interest Expense, Operating	$709.0M	$731.0M	$755.0M	$668.0M
Net interest income	$305.0M	$319.0M	$148.0M	$162.0M
Dividends declared per common share	$0.36	$0.36	$0.36	$0.36
Net gain (loss) on sale of investment securities	($16.0M)	$74.0M	($81.0M)	($177.0M)
Unrealized gain (loss) on investment securities measured at fair value through net income, net	($90.0M)	($889.0M)	$805.0M	$270.0M
(Loss) gain on derivative instruments and other securities, net	$485.0M	$382.0M	($36.0M)	($367.0M)
Nonoperating Income (Expense)	$379.0M	($433.0M)	$688.0M	($274.0M)
Labor and Related Expense	$19.0M	$23.0M	$20.0M	$18.0M
General and administrative expenses	$11.0M	$11.0M	$10.0M	$10.0M
Total expenses	$30.0M	$34.0M	$30.0M	$28.0M
Net income (loss)	$654.0M	($148.0M)	$806.0M	($140.0M)
Dividend on preferred stock	$44.0M	$44.0M	$42.0M	$38.0M
Net income (loss) available (attributable) to common stockholders	$610.0M	($192.0M)	$764.0M	($178.0M)
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax	($7.0M)	($8.0M)	$61.0M	$48.0M
Comprehensive income (loss)	$647.0M	($156.0M)	$867.0M	($92.0M)
Comprehensive income (loss) available (attributable) to common stockholders	$603.0M	($200.0M)	$825.0M	($130.0M)
Weighted average number of common shares outstanding - basic	1.2B	1.1B	1.1B	1.0B
Weighted average number of common shares outstanding - diluted	1.2B	1.1B	1.1B	1.0B
Earnings Per Share, Basic	$0.53	-$0.17	$0.73	-$0.17
Net income (loss) per common share - diluted	$0.52	-$0.17	$0.72	-$0.17

Balance sheet

AGNC Investment Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Agency securities, at fair value (including pledged securities of $74,149 and $59,952, respectively)	$81.0B	$65.4B	$53.7B	$39.3B
Agency securities transferred to consolidated variable interest entities, at fair value (pledged securities)	$85.0M	$97.0M	$121.0M	$144.0M
Credit risk transfer securities, at fair value (including pledged securities of $558 and $590, respectively)	$606.0M	$633.0M	$723.0M	$757.0M
Non-Agency securities, at fair value, and other mortgage credit investments (including pledged securities of $13 and $206, respectively)	$95.0M	$315.0M	$351.0M	$682.0M
U.S. Treasury securities, at fair value (including pledged securities of $13,056 and $1,565, respectively)	$13.5B	$1.6B	$1.5B	$353.0M
Cash and cash equivalents	$450.0M	$505.0M	$518.0M	$1.0B
Restricted cash	$1.3B	$1.3B	$1.3B	$1.3B
Derivative assets, at fair value	$169.0M	$205.0M	$185.0M	$617.0M
Receivable for investment securities sold (including pledged securities of $149 and $0, respectively)	$152.0M	—	$0	$120.0M
Receivable under reverse repurchase agreements	$16.6B	$17.1B	$11.6B	$6.6B
Goodwill and other intangible assets, net	$526.0M	$526.0M	$526.0M	$526.0M
Other assets	$607.0M	$389.0M	$1.1B	$247.0M
Total assets	$115.1B	$88.0B	$71.6B	$51.7B
Repurchase Agreements	$85.3B	$60.8B	$50.4B	$36.3B
Debt of consolidated variable interest entities, at fair value	$56.0M	$64.0M	$80.0M	$95.0M
Payable for investment securities purchased	$193.0M	$74.0M	$210.0M	$302.0M
Derivative liabilities, at fair value	$6.0M	$94.0M	$362.0M	$99.0M
Dividends payable	$182.0M	$143.0M	$115.0M	$100.0M
Other liabilities	$509.0M	$404.0M	$1.3B	$486.0M
Obligation to Return Securities Borrowed Under Reverse Repurchase Agreements at Fair Value	$16.5B	$16.7B	$10.9B	$6.5B
Total liabilities	$102.7B	$78.3B	$63.3B	$43.9B
Preferred Stock - aggregate liquidation preference of $2,033 and $1,688, respectively	$2.0B	$1.6B	$1.6B	$1.6B
Common stock - $0.01 par value; 2,250 and 1,500 shares authorized, respectively; 1,107.6 and 897.4 shares issued and outstanding, respectively	11.0M	9.0M	7.0M	6.0M
Additional paid-in capital	$19.3B	$17.3B	$15.3B	$14.2B
Retained deficit	($8.5B)	($8.6B)	($8.1B)	($7.3B)
Accumulated other comprehensive loss	($323.0M)	($591.0M)	($517.0M)	($672.0M)
Total stockholders' equity	$12.4B	$9.8B	$8.3B	$7.9B
Total liabilities and stockholders' equity	$115.1B	$88.0B	$71.6B	$51.7B

AGNC Investment Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Agency securities, at fair value (including pledged securities of $80,761 and $74,149, respectively)	$86.8B	$84.4B	$76.2B	$73.2B
Agency securities transferred to consolidated variable interest entities, at fair value (pledged securities)	$0	$0	$88.0M	$91.0M
Credit risk transfer securities, at fair value (including pledged securities of $525 and $558, respectively)	$573.0M	$593.0M	$609.0M	$613.0M
Non-Agency securities, at fair value, and other mortgage credit investments (including pledged securities of $8 and $13, respectively)	$94.0M	$93.0M	$97.0M	$109.0M
U.S. Treasury securities, at fair value (including pledged securities of $11,295 and $13,056, respectively)	$12.3B	$12.6B	$5.9B	$3.6B
Cash and cash equivalents	$457.0M	$493.0M	$450.0M	$656.0M
Restricted cash	$1.3B	$1.9B	$1.5B	$1.2B
Derivative assets, at fair value	$260.0M	$178.0M	$145.0M	$155.0M
Receivable for investment securities sold (including pledged securities of $201 and $149, respectively)	$401.0M	$0	$1.5B	$0
Receivable under reverse repurchase agreements	$18.4B	$17.6B	$21.4B	$21.4B
Goodwill and other intangible assets, net	$526.0M	$526.0M	$526.0M	$526.0M
Other assets	$578.0M	$477.0M	$567.0M	$496.0M
Total assets	$121.8B	$118.9B	$109.0B	$102.0B
Repurchase Agreements	$89.8B	$87.6B	$74.2B	$69.2B
Debt of consolidated variable interest entities, at fair value	$0	$0	$58.0M	$60.0M
Payable for investment securities purchased	$312.0M	$933.0M	$1.2B	$392.0M
Derivative liabilities, at fair value	$137.0M	$440.0M	$87.0M	$106.0M
Dividends payable	$184.0M	$182.0M	$170.0M	$164.0M
Other liabilities	$626.0M	$513.0M	$1.0B	$494.0M
Obligation to Return Securities Borrowed Under Reverse Repurchase Agreements at Fair Value	$18.1B	$17.0B	$20.8B	$21.3B
Total liabilities	$109.2B	$106.7B	$97.5B	$91.7B
Preferred Stock - aggregate liquidation preference of $2,033	$2.0B	$2.0B	$2.0B	$1.6B
Common stock - $0.01 par value; 2,250 shares authorized, 1,164.2 and 1,107.6 shares issued and outstanding, respectively	12.0M	11.0M	11.0M	10.0M
Additional paid-in capital	$19.8B	$19.7B	$18.9B	$18.6B
Retained deficit	($8.9B)	($9.1B)	($9.0B)	($9.4B)
Accumulated other comprehensive loss	($338.0M)	($331.0M)	($389.0M)	($450.0M)
Total stockholders' equity	$12.5B	$12.2B	$11.4B	$10.3B
Total liabilities and stockholders' equity	$121.8B	$118.9B	$109.0B	$102.0B

Cash flow statement

AGNC Investment Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$1.7B	$1.8B	$1.8B	$2.3B
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	$2.8B	$2.9B	$2.2B	$557.0M
Net income (loss)	$1.7B	$863.0M	$155.0M	($1.2B)
Amortization of premiums and discounts on mortgage-backed securities, net	$177.0M	$123.0M	$201.0M	$13.0M
Stock based compensation	$26.0M	$18.0M	$11.0M	$2.0M
Loss on sale of investment securities, net	$529.0M	$188.0M	$1.6B	$2.9B
Unrealized (gain) loss on investment securities measured at fair value through net income, net	($2.7B)	$885.0M	($1.7B)	$3.8B
(Gain) loss on derivative instruments and other securities, net	$1.1B	($2.0B)	($386.0M)	($4.6B)
(Increase) decrease in other assets	($151.0M)	$738.0M	($892.0M)	$38.0M
Increase (decrease) in other liabilities	$53.0M	($701.0M)	$904.0M	$69.0M
Net cash provided by (used in) operating activities	$653.0M	$86.0M	($118.0M)	$1.0B
Purchases of Agency mortgage-backed securities	($45.6B)	($41.8B)	($32.2B)	($26.8B)
Purchases of credit risk transfer and non-Agency securities and other mortgage credit investments	($69.0M)	($251.0M)	($364.0M)	($1.2B)
Proceeds from sale of Agency mortgage-backed securities	$24.8B	$22.8B	$13.6B	$26.0B
Proceeds from sale of credit risk transfer and non-Agency securities	$270.0M	$286.0M	$732.0M	$1.2B
Principal collections on Agency mortgage-backed securities	$7.5B	$5.8B	$4.3B	$6.5B
Principal collections on credit risk transfer and non-Agency securities	$31.0M	$121.0M	$68.0M	$209.0M
Payments on U.S. Treasury securities	($52.4B)	($18.8B)	($30.5B)	($27.5B)
Proceeds from Sale of U.S. Treasury securities	$38.7B	$24.6B	$33.2B	$25.9B
Net proceeds from (payments on) reverse repurchase agreements	$1.4B	($4.8B)	($4.5B)	$4.0B
Net proceeds from (payments on) derivative instruments	($405.0M)	$803.0M	$989.0M	$2.9B
Net cash used in investing activities	($25.9B)	($11.2B)	($14.7B)	$11.2B
Proceeds from repurchase arrangements	$7.2T	$5.6T	$3.3T	$2.4T
Payments on repurchase agreements	($7.2T)	($5.6T)	($3.3T)	($2.4T)
Payments on debt of consolidated variable interest entities	($12.0M)	($15.0M)	($17.0M)	($24.0M)
Net proceeds from preferred stock issuance	($334.0M)	$0	$0	($145.0M)
Net proceeds from common stock issuance	$2.0B	$2.0B	$1.1B	$526.0M
Cash dividends paid	($1.6B)	($1.2B)	($1.0B)	($869.0M)
Net cash provided by financing activities	$25.2B	$11.1B	$14.2B	($11.4B)
Net change in cash and cash equivalents	($29.0M)	$0	($563.0M)	$809.0M
Cash and cash equivalents at end of period	$450.0M	$505.0M	$518.0M	$1.0B
Restricted Cash and Cash Equivalent	$1.3B	$1.3B	$1.3B	—

AGNC Investment Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$1.8B	$2.4B	$1.9B	$1.9B
Net income (loss)	$506.0M	($148.0M)	$716.0M	($90.0M)
Amortization of premiums and discounts on mortgage-backed securities, net	$99.0M	$52.0M	$126.0M	$69.0M
Stock based compensation	$2.0M	($6.0M)	$13.0M	$4.0M
(Gain) loss on sale of investment securities, net	($58.0M)	($74.0M)	$503.0M	$422.0M
Unrealized (gain) loss on investment securities measured at fair value through net income, net	$979.0M	$889.0M	($2.3B)	($1.5B)
(Gain) loss on derivative instruments and other securities, net	($867.0M)	($382.0M)	$1.4B	$1.4B
Increase in other assets	($78.0M)	$23.0M	($82.0M)	($34.0M)
Increase in other liabilities	$22.0M	$33.0M	$85.0M	$68.0M
Net cash provided by operating activities	$605.0M	$387.0M	$525.0M	$372.0M
Purchases of Agency mortgage-backed securities	($34.2B)	($15.3B)	($33.4B)	($22.1B)
Purchases of credit risk transfer and non-Agency securities and other mortgage credit investments	$0	$0	($68.0M)	($66.0M)
Proceeds from sale of Agency mortgage-backed securities	$21.0B	$8.8B	$18.8B	$12.3B
Proceeds from sale of credit risk transfer and non-Agency securities	$15.0M	$6.0M	$270.0M	$270.0M
Principal collections on Agency mortgage-backed securities	$6.4B	$3.2B	$5.2B	$3.3B
Principal collections on credit risk transfer and non-Agency securities	$12.0M	$3.0M	$25.0M	$9.0M
Payments on U.S. Treasury securities	($34.4B)	($29.4B)	($28.6B)	($17.8B)
Proceeds from Sale of U.S. Treasury securities	$37.3B	$30.9B	$27.4B	$19.4B
Net payments on reverse repurchase agreements	($1.5B)	($868.0M)	($3.6B)	($3.8B)
Net proceeds from (payments on) derivative instruments	$777.0M	$660.0M	($707.0M)	($774.0M)
Net cash used in investing activities	($4.7B)	($2.0B)	($14.5B)	($9.2B)
Proceeds from repurchase arrangements	$5.0T	$2.4T	$5.0T	$3.1T
Payments on repurchase agreements	($5.0T)	($2.4T)	($5.0T)	($3.1T)
Payments on debt of consolidated variable interest entities	($57.0M)	($57.0M)	($9.0M)	($6.0M)
Net proceeds from common stock issuance	$568.0M	$401.0M	$1.6B	$1.3B
Cash dividends paid	($909.0M)	($451.0M)	($1.2B)	($757.0M)
Net cash provided by financing activities	$4.1B	$2.2B	$14.1B	$8.9B
Net change in cash and cash equivalents	$44.0M	$615.0M	$140.0M	$101.0M
Cash and cash equivalents at end of period	$457.0M	$493.0M	$450.0M	$656.0M
Restricted Cash and Cash Equivalent	$1.3B	$1.9B	$1.5B	$1.2B

AGNC Investment Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.