Annaly Capital Management 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), Annaly Capital Management Inc reported net income of $2.1B (+102.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Interest income | $6.0B | $4.8B | $3.7B | $2.8B |
| Interest expense | $4.8B | $4.6B | $3.8B | $1.3B |
| Net interest income | $1.1B | $247.8M | ($111.4M) | $1.5B |
| Servicing and related income | $579.6M | $485.4M | $364.2M | $246.9M |
| Servicing and related expense | $60.3M | $49.5M | $37.7M | $25.1M |
| Net servicing income | $519.3M | $435.9M | $326.5M | $221.8M |
| Net gains (losses) on investments and other | $1.7B | ($1.8B) | ($2.1B) | ($4.6B) |
| Net gains (losses) on derivatives | ($1.2B) | $2.3B | $400.1M | $4.9B |
| Loan loss (provision) reversal | $0 | $0 | ($219.0K) | $20.7M |
| Other, net | $51.1M | $94.9M | $73.7M | $6.7M |
| Total other income (loss) | $589.6M | $514.7M | ($1.7B) | $243.8M |
| Compensation expense | $151.6M | $130.4M | $119.6M | $112.7M |
| Other general and administrative expenses | $48.1M | $41.0M | $43.0M | $50.0M |
| Total general and administrative expenses | $199.6M | $171.4M | $162.6M | $162.7M |
| Income (loss) before income taxes | $2.0B | $1.0B | ($1.6B) | $1.8B |
| Income taxes | ($6.9M) | $15.3M | $39.4M | $45.6M |
| Net income (loss) attributable to noncontrolling interests | $24.4M | $9.9M | $4.7M | $1.1M |
| Net income (loss) attributable to Annaly | $2.0B | $1.0B | ($1.6B) | $1.7B |
| Dividends on preferred stock | $157.9M | $154.6M | $141.7M | $110.6M |
| Net income (loss) available (related) to common stockholders | $1.9B | $847.4M | ($1.8B) | $1.6B |
| Basic (in dollars per share) | $2.92 | $1.62 | -$3.61 | $3.93 |
| Diluted (in dollars per share) | $2.92 | $1.62 | -$3.61 | $3.92 |
| Basic (in shares) | 639.5M | 521.7M | 494.5M | 411.3M |
| Diluted (in shares) | 641.0M | 522.7M | 494.5M | 411.6M |
| Net income (loss) | $2.1B | $1.0B | ($1.6B) | $1.7B |
| Unrealized gains (losses) on available-for-sale securities | $386.7M | ($244.3M) | $580.7M | ($8.2B) |
| Reclassification adjustment for net (gains) losses included in net income (loss) | $142.4M | $562.0M | $1.8B | $3.5B |
| Other comprehensive income (loss) | $529.1M | $317.7M | $2.4B | ($4.7B) |
| Comprehensive income (loss) | $2.6B | $1.3B | $735.0M | ($2.9B) |
| Comprehensive income (loss) attributable to noncontrolling interests | $24.4M | $9.9M | $4.7M | $1.1M |
| Comprehensive income (loss) attributable to Annaly | $2.6B | $1.3B | $730.3M | ($2.9B) |
| Comprehensive income (loss) attributable to common stockholders | $2.4B | $1.2B | $588.6M | ($3.1B) |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Interest income | $1.8B | $1.7B | $1.5B | $1.4B |
| Interest expense | $1.3B | $1.3B | $1.3B | $1.1B |
| Net interest income | $488.2M | $452.7M | $275.8M | $273.2M |
| Servicing and related income | $175.1M | $159.1M | $141.4M | $141.7M |
| Servicing and related expense | $17.8M | $16.6M | $15.1M | $14.6M |
| Net servicing income | $157.2M | $142.6M | $126.3M | $127.1M |
| Net gains (losses) on investments and other | ($318.5M) | ($672.1M) | $561.9M | $83.5M |
| Net gains (losses) on derivatives | $552.4M | $409.1M | ($92.3M) | ($388.8M) |
| Other, net | $13.5M | $9.3M | $14.0M | $15.8M |
| Total other income (loss) | $247.4M | ($253.7M) | $483.6M | ($289.5M) |
| Compensation expense | $44.6M | $41.4M | $38.4M | $36.6M |
| Other general and administrative expenses | $13.5M | $11.2M | $11.9M | $13.4M |
| Total general and administrative expenses | $58.2M | $52.6M | $50.3M | $50.0M |
| Income (loss) before income taxes | $834.7M | $289.0M | $835.2M | $60.8M |
| Income taxes | $6.9M | ($1.5M) | ($7.8M) | $440.0K |
| Net income (loss) attributable to noncontrolling interests | $5.1M | $7.9M | $10.6M | $3.3M |
| Net income (loss) attributable to Annaly | $822.7M | $282.7M | $832.4M | $57.1M |
| Dividends on preferred stock | $41.0M | $40.7M | $41.1M | $37.3M |
| Net income (loss) available (related) to common stockholders | $781.6M | $242.0M | $791.3M | $19.8M |
| Basic (in dollars per share) | $1.06 | $0.33 | $1.21 | $0.03 |
| Diluted (in dollars per share) | $1.06 | $0.33 | $1.20 | $0.03 |
| Basic (in shares) | 738.9M | 722.7M | 656.3M | 620.2M |
| Diluted (in shares) | 740.3M | 724.4M | 657.9M | 621.1M |
| Net income (loss) | $827.8M | $290.5M | $843.1M | $60.4M |
| Unrealized gains (losses) on available-for-sale securities | ($23.4M) | ($45.0M) | $113.3M | $33.6M |
| Reclassification adjustment for net (gains) losses included in net income (loss) | $0 | $0 | $2.4M | $13.8M |
| Other comprehensive income (loss) | ($23.4M) | ($45.0M) | $115.7M | $47.4M |
| Comprehensive income (loss) | $804.4M | $245.5M | $958.7M | $107.7M |
| Comprehensive income (loss) attributable to noncontrolling interests | $5.1M | $7.9M | $10.6M | $3.3M |
| Comprehensive income (loss) attributable to Annaly | $799.3M | $237.6M | $948.1M | $104.5M |
| Comprehensive income (loss) attributable to common stockholders | $758.2M | $197.0M | $907.0M | $67.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents (includes pledged assets of $1,776,349 and $1,202,880 respectively) | $2.0B | $1.5B | — | — |
| Securities (includes pledged assets of $76,380,480 and $67,692,062, respectively) | $91.3B | $69.8B | $69.6B | — |
| Loans, net (includes pledged assets of $3,954,154 and $2,754,028, respectively) | $5.0B | $3.5B | $2.4B | $1.8B |
| Mortgage servicing rights (includes pledged assets of $3,541,414 and $2,460,252, respectively) | $3.6B | $2.9B | $2.1B | $1.7B |
| Interests in MSR | $28.6M | — | — | $0 |
| Assets transferred or pledged to securitization vehicles | $32.1B | $22.0B | $13.3B | $9.1B |
| Derivative assets | $115.5M | $225.4M | $162.6M | $342.1M |
| Reverse repurchase agreements | $34.4M | — | — | — |
| Receivable for unsettled trades | $1.0M | $2.2B | $2.7B | $575.1M |
| Principal and interest receivable | $926.7M | $1.1B | $1.2B | $637.3M |
| Intangible assets, net | $6.7M | $9.4M | $12.1M | — |
| Other assets | $437.3M | $377.4M | $311.0M | $233.0M |
| Total assets | $135.6B | $103.6B | $93.2B | $81.9B |
| Repurchase agreements | $81.9B | $65.7B | $62.2B | $59.5B |
| Other secured financing | $1.1B | $750.0M | $500.0M | $250.0M |
| Debt issued by securitization vehicles | $28.9B | $19.5B | $11.6B | $7.7B |
| Participations issued | $1.9B | $1.2B | $1.1B | $800.8M |
| U.S. Treasury securities sold, not yet purchased | $2.4B | $2.5B | $2.1B | — |
| Derivative liabilities | $53.8M | $59.6M | $302.3M | $204.2M |
| Payable for unsettled trades | $2.1B | $308.3M | $3.2B | $1.2B |
| Interest payable | $380.7M | $268.3M | $287.9M | $325.3M |
| Dividends payable | $494.9M | $375.9M | $325.1M | $412.1M |
| Other liabilities | $272.4M | $242.3M | $179.0M | $74.3M |
| Total liabilities | $119.4B | $90.9B | $81.9B | $70.5B |
| Preferred stock, par value $0.01 per share, 75,000,000 and 63,500,000 authorized, 74,500,000 and 63,500,000 issued and outstanding, respectively | $1802480000.00 | $1536569000.00 | $1536569000.00 | $1536569000.00 |
| Common stock, par value $0.01 per share, 1,456,750,000 and 1,468,250,000 authorized, 706,972,452 and 578,357,118 issued and outstanding, respectively | $7070000.00 | $5784000.00 | $5001000.00 | $4683000.00 |
| Additional paid-in capital | $27.9B | $25.3B | $23.7B | $23.0B |
| Accumulated other comprehensive income (loss) | ($488.6M) | ($1.0B) | ($1.3B) | ($3.7B) |
| Accumulated deficit | ($13.2B) | ($13.2B) | ($12.6B) | ($9.5B) |
| Total stockholders’ equity | $16.1B | $12.6B | $11.3B | $11.3B |
| Noncontrolling interests | $69.1M | $87.7M | $89.3M | $99.0M |
| Total equity | $16.2B | $12.7B | $11.3B | $11.4B |
| Total liabilities and equity | $135.6B | $103.6B | $93.2B | $81.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents (includes pledged assets of $2,546,553 and $1,683,059, respectively) | $2.9B | $1.9B | $2.1B | $2.1B |
| Securities (includes pledged assets of $83,286,913 and $82,809,634, respectively) | $89.5B | $88.5B | $85.1B | $73.5B |
| Loans, net (includes pledged assets of $6,885,511 and $4,590,517, respectively) | $7.3B | $7.2B | $4.0B | $3.7B |
| Mortgage servicing rights (includes pledged assets of $3,472,452 and $3,541,414, respectively) | $4.1B | $4.1B | $3.5B | $3.3B |
| Interests in MSR | $106.8M | $27.2M | $35.8M | — |
| Assets transferred or pledged to securitization vehicles | $38.3B | $34.2B | $29.5B | $27.0B |
| Derivative assets | $81.8M | $395.1M | $47.9M | $149.7M |
| Reverse repurchase agreements | $33.0M | $33.5M | $35.0M | — |
| Receivable for unsettled trades | $104.7M | $891.3M | $185.9M | $1.1B |
| Principal and interest receivable | $846.5M | $806.5M | $959.4M | $830.5M |
| Intangible assets, net | $5.4M | $6.1M | $7.4M | $8.1M |
| Other assets | $508.2M | $437.2M | $433.9M | $434.0M |
| Total assets | $143.7B | $138.5B | $125.9B | $112.1B |
| Repurchase agreements | $86.9B | $85.1B | $75.1B | $66.5B |
| Other secured financing | $1.1B | $1.1B | $1.0B | $1.0B |
| Debt issued by securitization vehicles | $34.4B | $30.7B | $26.6B | $24.1B |
| Participations issued | $2.6B | $2.5B | $1.8B | $1.6B |
| U.S. Treasury securities sold, not yet purchased | $0 | $0 | $2.4B | $2.5B |
| Derivative liabilities | $248.0M | $207.4M | $199.1M | $426.0M |
| Payable for unsettled trades | $331.6M | $1.5B | $2.6B | $1.5B |
| Interest payable | $420.8M | $347.6M | $285.1M | $256.2M |
| Dividends payable | $562.9M | $511.2M | $476.7M | $449.5M |
| Other liabilities | $258.9M | $226.3M | $279.8M | $238.6M |
| Total liabilities | $126.8B | $122.2B | $110.9B | $98.7B |
| Preferred stock, par value $0.01 per share, 75,000,000 authorized, 74,500,000 issued and outstanding | $1802480000.00 | $1802480000.00 | $1802480000.00 | $1536569000.00 |
| Common stock, par value $0.01 per share, 1,456,750,000 authorized, 750,574,308 and 706,972,452 issued and outstanding, respectively | $7506000.00 | $7303000.00 | $6811000.00 | $6421000.00 |
| Additional paid-in capital | $28.9B | $28.4B | $27.4B | $26.5B |
| Accumulated other comprehensive income (loss) | ($557.0M) | ($533.6M) | ($624.4M) | ($740.0M) |
| Accumulated deficit | ($13.2B) | ($13.4B) | ($13.6B) | ($13.9B) |
| Total stockholders’ equity | $16.9B | $16.3B | $14.9B | $13.4B |
| Noncontrolling interests | $53.0M | $51.7M | $85.7M | $93.1M |
| Total equity | $17.0B | $16.3B | $15.0B | $13.5B |
| Total liabilities and equity | $143.7B | $138.5B | $125.9B | $112.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $2.1B | $1.0B | ($1.6B) | $1.7B |
| Amortization of premiums and discounts of investments, net | $246.6M | $113.0M | $185.7M | $87.2M |
| Amortization of securitized debt premiums and discounts and deferred financing costs | ($35.2M) | $3.6M | $13.8M | ($4.7M) |
| Depreciation, amortization and other noncash expenses | $34.0M | $30.4M | $24.8M | $20.5M |
| Net (gains) losses on investments and derivatives | $178.0M | $783.2M | $3.3B | $109.4M |
| Income (loss) from unconsolidated joint ventures | $13.0M | ($5.8M) | $10.3M | ($11.5M) |
| Loan loss provision (reversal) | $0 | $0 | ($219.0K) | ($20.7M) |
| Payments on purchases of loans held for sale | ($262.3M) | ($58.3M) | $0 | $0 |
| Proceeds from sales and repayments of loans held for sale | $235.1M | $49.0M | $1.6M | $4.6M |
| Proceeds from U.S. Treasury securities | $7.3B | $8.6B | $2.0B | — |
| Payments on U.S. Treasury securities | ($7.4B) | ($8.2B) | — | — |
| Net receipts (payments) on derivatives | ($1.8B) | $779.3M | ($862.0M) | $3.6B |
| Other assets | ($31.6M) | ($61.9M) | ($136.8M) | ($11.4M) |
| Interest receivable | $138.3M | $154.7M | ($585.8M) | ($403.6M) |
| Interest payable | $112.4M | ($19.6M) | ($37.3M) | $233.8M |
| Other liabilities | $5.7M | $75.3M | $65.5M | ($41.8M) |
| Net cash provided by (used in) operating activities | $692.9M | $3.3B | $2.4B | $5.4B |
| Payments on purchases of securities | ($40.7B) | ($32.2B) | ($41.0B) | ($45.5B) |
| Proceeds from sales of securities | $17.2B | $21.1B | $31.3B | $25.1B |
| Principal payments on securities | $8.3B | $6.8B | $6.2B | $9.5B |
| Payments on purchases and origination of loans | ($18.6B) | ($13.2B) | ($5.5B) | ($6.1B) |
| Proceeds from sales of loans | $1.3B | $686.1M | $21.2M | $1.9B |
| Principal payments on loans | $6.1B | $2.6B | $1.1B | $1.6B |
| Payments on purchases of MSR | ($882.8M) | ($863.1M) | ($396.8M) | ($1.0B) |
| Proceeds from sales of MSR | $1.9M | $66.3M | $0 | $9.1M |
| Payments on purchases of interests in MSR | ($32.2M) | $0 | $0 | ($4.9M) |
| Proceeds from reverse repurchase agreements | $636.2B | $609.3B | $128.6B | $24.5B |
| Payments on reverse repurchase agreements | ($636.2B) | ($609.3B) | ($128.6B) | ($24.5B) |
| Distributions in excess of cumulative earnings from unconsolidated joint ventures | $6.7M | $25.4M | $0 | $0 |
| Net cash provided by (used in) investing activities | ($27.4B) | ($15.0B) | ($8.4B) | ($14.5B) |
| Proceeds from repurchase agreements and other secured financing | $7.2T | $6.0T | $5.4T | $3.6T |
| Payments on repurchase agreements and other secured financing | ($7.2T) | ($6.0T) | ($5.3T) | ($3.6T) |
| Proceeds from issuances of securitized debt | $14.6B | $10.3B | $4.5B | $5.5B |
| Principal payments on securitized debt | ($5.1B) | ($2.4B) | ($944.2M) | ($1.2B) |
| Payments on purchases of securitized debt | ($485.6M) | $0 | ($2.5M) | ($8.5M) |
| Payment of deferred financing cost | ($13.9M) | ($4.3M) | ($4.0M) | $0 |
| Proceeds from participations issued | $7.8B | $4.1B | $2.0B | $1.9B |
| Payments on repurchases of participations issued | ($7.0B) | ($4.1B) | ($1.7B) | ($2.0B) |
| Principal payments on participations issued | ($88.9M) | ($45.7M) | ($52.6M) | ($50.7M) |
| Net contributions (distributions) from (to) noncontrolling interests | ($43.0M) | ($11.4M) | ($14.4M) | $72.4M |
| Net proceeds from stock offerings, direct purchases and dividend reinvestments | $2.9B | $1.6B | $673.7M | $2.6B |
| Settlement of stock-based awards in satisfaction of withholding tax requirements | ($14.2M) | ($6.2M) | ($6.7M) | ($4.1M) |
| Dividends paid | ($1.9B) | ($1.5B) | ($1.5B) | ($1.5B) |
| Net cash provided by (used in) financing activities | $27.2B | $11.8B | $5.9B | $9.4B |
| Net (decrease) increase in cash and cash equivalents | $549.8M | $75.9M | ($164.6M) | $234.6M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | $1.1B | $290.5M | $1.0B | $190.7M |
| Amortization of premiums and discounts of investments, net | $187.3M | $102.6M | $176.7M | $118.0M |
| Amortization of securitized debt premiums and discounts and deferred financing costs | ($41.9M) | ($21.2M) | ($18.6M) | ($9.7M) |
| Depreciation, amortization and other noncash expenses | $19.8M | $9.6M | $26.1M | $18.3M |
| Net (gains) losses on investments and derivatives | $213.4M | $359.9M | $571.8M | $849.5M |
| Income (loss) from unconsolidated joint ventures | $12.3M | $5.3M | ($573.0K) | $3.5M |
| Payments on purchases of loans held for sale | ($136.1M) | ($83.7M) | ($154.1M) | ($104.6M) |
| Proceeds from sales and repayments of loans held for sale | $166.3M | $90.5M | $153.2M | $114.2M |
| Proceeds from U.S. Treasury securities | $702.1M | $702.1M | $4.9B | $2.5B |
| Payments on U.S. Treasury securities | ($3.1B) | ($3.1B) | ($5.0B) | ($2.5B) |
| Net receipts (payments) on derivatives | $1.0B | $182.2M | ($1.7B) | ($1.3B) |
| Other assets | ($38.4M) | $22.4M | ($23.3M) | ($37.3M) |
| Interest receivable | $74.0M | $118.8M | $107.3M | $237.0M |
| Interest payable | $40.1M | ($33.1M) | $16.8M | ($12.1M) |
| Other liabilities | ($7.1M) | ($48.2M) | $17.3M | ($3.9M) |
| Net cash provided by (used in) operating activities | $218.0M | ($1.4B) | $48.6M | $24.5M |
| Payments on purchases of securities | ($15.1B) | ($6.2B) | ($26.7B) | ($13.6B) |
| Proceeds from sales of securities | $8.3B | $4.1B | $11.7B | $9.5B |
| Principal payments on securities | $5.5B | $2.6B | $5.9B | $3.8B |
| Payments on purchases and origination of loans | ($14.9B) | ($7.2B) | ($12.7B) | ($8.0B) |
| Proceeds from sales of loans | $468.3M | $0 | $1.2B | $816.9M |
| Principal payments on loans | $5.6B | $2.8B | $3.8B | $2.2B |
| Payments on purchases of MSR | ($631.0M) | ($500.9M) | ($710.0M) | ($426.0M) |
| Proceeds from sales of MSR | $73.9M | $0 | $1.9M | $1.9M |
| Payments on purchases of interests in MSR | ($80.8M) | — | ($32.2M) | — |
| Proceeds from reverse repurchase agreements | $62.7B | $54.3B | $510.5B | $336.8B |
| Payments on reverse repurchase agreements | ($62.7B) | ($54.3B) | ($510.5B) | ($336.8B) |
| Distributions in excess of cumulative earnings from unconsolidated joint ventures | $0 | $0 | $6.7M | $4.9M |
| Net cash provided by (used in) investing activities | ($10.6B) | ($4.4B) | ($17.5B) | ($5.6B) |
| Proceeds from repurchase agreements and other secured financing | $4.2T | $2.0T | $5.1T | $3.2T |
| Payments on repurchase agreements and other secured financing | ($4.2T) | ($2.0T) | ($5.1T) | ($3.2T) |
| Proceeds from issuances of securitized debt | $10.8B | $4.5B | $10.2B | $6.3B |
| Principal payments on securitized debt | ($4.7B) | ($2.5B) | ($3.2B) | ($2.0B) |
| Payments on purchases of securitized debt | ($364.4M) | $0 | ($260.6M) | ($4.3M) |
| Payment of deferred financing cost | ($1.5M) | ($451.0K) | ($10.9M) | ($10.3M) |
| Proceeds from participations issued | $4.6B | $2.4B | $5.5B | $3.5B |
| Payments on repurchases of participations issued | ($4.0B) | ($1.9B) | ($4.8B) | ($3.1B) |
| Principal payments on participations issued | ($61.8M) | ($22.2M) | ($67.5M) | ($42.8M) |
| Net contributions (distributions) from (to) noncontrolling interests | ($29.1M) | ($25.3M) | ($22.0M) | ($4.0M) |
| Net proceeds from stock offerings, direct purchases and dividend reinvestments | $955.4M | $508.3M | $2.3B | $1.3B |
| Settlement of stock-based awards in satisfaction of withholding tax requirements | ($19.2M) | ($19.2M) | ($13.9M) | ($13.9M) |
| Dividends paid | ($1.1B) | ($535.7M) | ($1.4B) | ($872.2M) |
| Net cash provided by (used in) financing activities | $11.3B | $5.7B | $18.0B | $6.2B |
| Net (decrease) increase in cash and cash equivalents | $874.2M | ($125.4M) | $608.7M | $570.8M |
| Cash and cash equivalents including cash pledged as collateral, beginning of period | $2.0B | $2.0B | $1.5B | $1.5B |
Annaly Capital Management Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.