Invesco Mortgage Capital Inc (IVR) financial statements: income statement, balance sheet and cash flow
Invesco Mortgage Capital Inc'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), Invesco Mortgage Capital Inc reported net income of $101.3M (+69.1% year on year).
Income statement
Invesco Mortgage Capital Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Interest income
$295.3M
$286.5M
$277.9M
$194.5M
Interest expense
$219.9M
$249.7M
—
—
Net interest income
$75.4M
$36.8M
$49.7M
$143.0M
Gain (loss) on investments, net
$149.3M
($133.9M)
($107.3M)
($1.1B)
(Increase) decrease in provision for credit losses
$0
($458.0K)
($320.0K)
$0
Equity in earnings (losses) of unconsolidated ventures
$0
($193.0K)
($1.0K)
($407.0K)
Gain (loss) on derivative instruments, net
($104.9M)
$176.6M
$61.8M
$559.0M
Other investment income (loss), net
$0
$2.0K
($66.0K)
$186.0K
Total other income (loss)
$44.4M
$42.1M
($45.8M)
($520.6M)
Management fee — related party
$11.3M
$11.9M
$12.3M
$16.9M
General and administrative
$7.3M
$7.2M
$7.4M
$8.4M
Total expenses
$18.6M
$19.0M
$19.7M
$25.3M
Net income (loss)
$101.3M
$59.9M
($15.9M)
($402.9M)
Dividends to preferred stockholders
($13.1M)
($22.0M)
($23.2M)
($28.2M)
Gain (loss) on repurchase and retirement of preferred stock
$14.0K
—
—
—
Issuance and redemption costs of redeemed preferred stock
$0
($3.5M)
$0
$0
Net income (loss) attributable to common stockholders
$88.2M
$34.8M
($37.5M)
($417.0M)
Basic (in usd per share)
$1.32
$0.65
-$0.85
-$12.21
Diluted (in usd per share)
$1.32
$0.65
-$0.85
-$12.21
Basic (in shares)
66.9M
53.8M
44.1M
34.2M
Diluted (in shares)
66.9M
53.8M
44.1M
34.2M
Invesco Mortgage Capital Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Interest income
$85.4M
$79.6M
$72.9M
$70.6M
Interest expense
$55.3M
$52.6M
$55.3M
$52.9M
Net interest income
$30.1M
$27.0M
$17.6M
$17.7M
Gain (loss) on investments, net
($21.2M)
($54.9M)
$49.5M
($5.3M)
Gain (loss) on derivative instruments, net
$31.6M
$12.9M
($9.2M)
($30.9M)
Total other income (loss)
$10.4M
($42.1M)
$40.3M
($36.2M)
Management fee – related party
$3.3M
$3.0M
$2.7M
$2.8M
General and administrative
$2.1M
$1.9M
$1.8M
$2.0M
Total expenses
$5.5M
$4.9M
$4.5M
$4.9M
Net income (loss)
$35.0M
($19.9M)
$53.5M
($23.3M)
Dividends to preferred stockholders
($3.2M)
($3.2M)
($3.3M)
($3.3M)
Gain (loss) on repurchase and retirement of preferred stock
$3.0K
($27.0K)
($2.0K)
$57.0K
Net income (loss) attributable to common stockholders
$31.8M
($23.1M)
$50.2M
($26.6M)
Unrealized gain (loss) on mortgage-backed securities, net
$0
$0
—
—
Reclassification of unrealized (gain) loss on sale of mortgage-backed securities to gain (loss) on investments, net
$0
$0
—
—
Total other comprehensive income (loss)
$0
$0
—
—
Comprehensive income (loss) attributable to common stockholders
$31.8M
($23.1M)
—
—
Basic (in USD per share)
$0.34
-$0.28
$0.74
-$0.40
Diluted (in USD per share)
$0.34
-$0.28
$0.74
-$0.40
Balance sheet
Invesco Mortgage Capital Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Mortgage-backed securities, at fair value (including pledged securities of $5,879,318 and $5,129,486, respectively, net of allowance for credit losses of $0 and $654, respectively)
$6.3B
$5.4B
$5.0B
$4.8B
Cash and cash equivalents
$56.0M
$73.4M
$77.0M
$175.5M
Restricted cash
$110.4M
$137.5M
$121.7M
$103.2M
Due from counterparties
$0
$580.0K
$0
$1.6M
Investment related receivable
$27.8M
$24.9M
$26.6M
$22.7M
Derivative assets, at fair value
$4.4M
$5.0M
$939.0K
$662.0K
Other assets
$594.0K
$1.2M
$1.5M
$1.7M
Total assets
$6.5B
$5.7B
$5.3B
$5.1B
Repurchase agreements
$5.6B
$4.9B
$4.5B
$4.2B
Derivative liabilities, at fair value
$0
$627.0K
$0
$2.1M
Dividends payable
$25.8M
$24.7M
$19.4M
$25.2M
Accrued interest payable
$28.7M
$32.7M
$15.8M
$20.5M
Accounts payable and accrued expenses
$1.6M
$5.3M
$5.2M
$1.4M
Due to affiliate
$3.0M
—
—
$4.5M
Total liabilities
$5.7B
$5.0B
$4.5B
$4.3B
7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock: 6,854,131 shares and 7,206,659 shares issued and outstanding, respectively ($171,353 and $180,166 aggregate liquidation preference, respectively)
165.8M
174.3M
288.5M
298.7M
Common Stock, par value $0.01 per share; 134,000,000 shares authorized; 71,790,532 and 61,729,693 shares issued and outstanding, respectively
$718000.00
$617000.00
$484000.00
$387000.00
Additional paid in capital
$4.2B
$4.1B
$4.0B
$3.9B
Accumulated other comprehensive income
$0
$173.0K
$698.0K
$10.8M
Retained earnings (distributions in excess of earnings)
($3.6B)
($3.6B)
($3.5B)
($3.4B)
Total stockholders’ equity
$797.5M
$730.7M
$782.7M
$804.1M
Total liabilities and stockholders' equity
$6.5B
$5.7B
$5.3B
$5.1B
Invesco Mortgage Capital Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Mortgage-backed securities, at fair value (including pledged securities of $6,474,978 and $5,879,318, respectively)
$6.9B
$6.0B
—
—
Cash and cash equivalents
$73.4M
$52.6M
$58.5M
$59.4M
Restricted cash
$167.2M
$138.3M
$122.2M
$131.1M
Investment related receivable
$30.6M
$26.8M
$29.0M
$23.5M
Derivative assets, at fair value
$16.5M
$1.1M
$738.0K
$0
Other assets
$1.0M
$399.0K
$1.2M
$731.0K
Total assets
$7.2B
$6.3B
$6.0B
$5.4B
Repurchase agreements
$6.2B
$5.3B
$5.2B
$4.6B
Derivative liabilities, at fair value
$882.0K
$28.7M
$680.0K
$10.8M
Dividends payable
$12.0M
$10.5M
$24.1M
$22.5M
Accrued interest payable
$12.5M
$10.7M
$9.1M
$10.6M
Collateral held payable
$6.7M
$14.0K
$797.0K
$6.2M
Accounts payable and accrued expenses
$2.3M
$1.8M
$1.6M
$1.9M
Due to affiliate
$3.5M
$3.7M
$4.5M
$3.1M
Total liabilities
$6.2B
$5.4B
$5.2B
$4.7B
Preferred Stock, par value $0.01 per share; 50,000,000 shares authorized: 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock: 6,742,221 and 6,854,131 shares issued and outstanding, respectively ($168,556 and $171,353 aggregate liquidation preference, respectively)
$163049000.00
$164191000.00
$167602000.00
$169760000.00
Common Stock, par value $0.01 per share; 134,000,000 shares authorized; 102,386,106 and 71,790,532 shares issued and outstanding, respectively
$1024000.00
$875000.00
$709000.00
$663000.00
Additional paid in capital
$4.5B
$4.3B
$4.2B
$4.2B
Retained earnings (distributions in excess of earnings)
($3.6B)
($3.6B)
($3.6B)
($3.6B)
Total stockholders’ equity
$990.3M
$876.4M
$769.6M
$709.4M
Total liabilities and stockholders' equity
$7.2B
$6.3B
$6.0B
$5.4B
Cash flow statement
Invesco Mortgage Capital Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$101.3M
$59.9M
($15.9M)
($402.9M)
Amortization of premiums and (discounts), net
($5.7M)
—
—
—
Realized and unrealized (gain) loss on derivative instruments, net
$217.2M
($14.9M)
$177.2M
($472.1M)
(Gain) loss on investments, net
($149.3M)
$133.9M
$107.3M
$1.1B
Increase (decrease) in provision for credit losses
$0
$0
$320.0K
$0
(Gain) loss from investments in unconsolidated ventures in excess of distributions received
$0
$193.0K
$1.0K
$45.0K
Other amortization
$688.0K
$587.0K
($9.8M)
($19.1M)
Loss on foreign currency translation
$0
$0
$123.0K
—
(Increase) decrease in operating assets
($2.3M)
($613.0K)
($2.0M)
($5.2M)
Increase (decrease) in operating liabilities
($4.8M)
$16.9M
($5.1M)
$17.2M
Net cash provided by (used in) operating activities
$157.1M
$183.2M
$237.8M
$196.1M
Purchase of mortgage-backed securities
($2.7B)
($2.2B)
($5.9B)
($25.7B)
Purchase of U.S. Treasury securities
$0
$0
($59.5M)
($502.3M)
Distributions from investments in unconsolidated ventures, net
$0
$307.0K
$41.0K
$11.3M
Principal payments from mortgage-backed securities
$531.9M
$389.5M
$348.5M
$403.3M
Proceeds from sale of mortgage-backed securities
$1.5B
$1.3B
$5.2B
$27.3B
Proceeds from sale of U.S. Treasury securities
$0
$10.8M
$49.0M
$468.1M
Settlement (termination) of swaps, TBAs, futures and forwards, net
($217.2M)
$11.4M
—
—
Net change in due from counterparties and collateral held payable on derivative instruments
$580.0K
($580.0K)
$1.6M
$2.6M
Net cash provided by (used in) investing activities
($892.9M)
($497.4M)
($536.8M)
$2.4B
Proceeds from issuance of common stock
$81.6M
$116.5M
$109.1M
$81.9M
Redemption of preferred stock
$0
($106.2M)
$0
$0
Repurchase of preferred stock
($8.5M)
($11.1M)
($8.7M)
($115.1M)
Proceeds from repurchase agreements
$48.4B
$38.5B
$41.1B
$66.9B
Principal repayments of repurchase agreements
($47.6B)
($38.0B)
($40.9B)
($69.6B)
Net change in due from counterparties and collateral held payable on repurchase agreements
$0
($2.5M)
($2.4M)
$8.4M
Payments of deferred costs
($180.0K)
($366.0K)
($329.0K)
($351.0K)
Payments of dividends
($106.9M)
($105.5M)
($102.2M)
($140.3M)
Net cash provided by (used in) financing activities
$691.3M
$326.5M
$218.9M
($2.9B)
Net change in cash, cash equivalents and restricted cash
($44.5M)
$12.2M
($80.1M)
($298.3M)
Cash, cash equivalents and restricted cash, beginning of period
$210.9M
$198.6M
$278.8M
$577.1M
Cash, cash equivalents and restricted cash, end of period
$166.4M
$210.9M
$198.6M
$278.8M
Interest paid
$223.9M
$232.8M
$243.4M
$51.9M
Dividends declared not paid
$25.8M
$24.7M
$19.4M
$25.2M
Unsettled receivables recorded within investment related receivable
$0
$0
—
—
Invesco Mortgage Capital Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$15.1M
($19.9M)
$49.8M
($3.7M)
Amortization of premiums and (discounts), net
($2.1M)
($1.2M)
($4.8M)
($3.4M)
Realized and unrealized (gain) loss on derivative instruments, net
($2.1M)
$8.7M
$202.7M
$164.3M
(Gain) loss on investments, net
$76.2M
$54.9M
($126.4M)
($76.9M)
Other amortization
$283.0K
$157.0K
$519.0K
$349.0K
(Increase) decrease in operating assets
($3.1M)
$1.5M
($2.0M)
$1.8M
Increase (decrease) in operating liabilities
($15.4M)
($17.5M)
($22.5M)
($22.5M)
Net cash provided by (used in) operating activities
$68.9M
$26.7M
$97.3M
$60.0M
Purchase of mortgage-backed securities
($1.4B)
($228.9M)
($2.0B)
($1.1B)
Principal payments from mortgage-backed securities
$420.1M
$214.0M
$364.8M
$234.0M
Proceeds from sale of mortgage-backed securities
$211.5M
$211.5M
$1.5B
$1.2B
Net settlement (termination) of derivative instruments
($9.1M)
—
—
—
Net change in due from counterparties and collateral held payable on derivative instruments
$4.1M
($25.0M)
$580.0K
$580.0K
Net cash provided by (used in) investing activities
($752.5M)
$195.0M
($372.5M)
$191.5M
Net proceeds from issuance of common stock
$251.6M
$133.6M
$74.4M
$38.2M
Repurchase of preferred stock
($2.7M)
($1.6M)
($6.6M)
($4.5M)
Proceeds from repurchase agreements
$29.1B
$14.5B
$38.5B
$24.1B
Principal repayments of repurchase agreements
($28.5B)
($14.8B)
($38.2B)
($24.4B)
Net change in due from counterparties and collateral held payable on repurchase agreements
$2.6M
($766.0K)
$797.0K
$6.2M
Payments of dividends
($85.0M)
($48.6M)
($79.6M)
($53.8M)
Net cash provided by (used in) financing activities
$757.7M
($197.2M)
$245.1M
($271.8M)
Net change in cash, cash equivalents and restricted cash
$74.1M
$24.5M
($30.2M)
($20.3M)
Cash, cash equivalents and restricted cash, beginning of period
$166.4M
$166.4M
$210.9M
$210.9M
Cash, cash equivalents and restricted cash, end of period
$240.5M
$190.9M
$180.7M
$190.5M
Interest paid
$124.1M
$70.5M
$186.8M
$130.1M
Dividends declared not paid
$12.0M
$10.5M
$24.1M
$22.5M
Unsettled receivables recorded within investment related receivable