Dynex Cap Inc Financials
Financial Health Signals
Dynex Cap Inc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Dynex Cap Inc generates $0.13 in operating cash flow ($14.4M OCF vs $113.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Dynex Cap Inc (DX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Dynex Cap Inc reported $113.9M in net income in fiscal year 2024. This represents an increase of 1958.0% from the prior year.
Dynex Cap Inc earned $1.49 per diluted share (EPS) in fiscal year 2024. This represents an increase of 696.0% from the prior year.
Dynex Cap Inc held $377.1M in cash against $0 in long-term debt as of fiscal year 2024.
Dynex Cap Inc paid $1.60 per share in dividends in fiscal year 2024.
Dynex Cap Inc had 84M shares outstanding in fiscal year 2024. This represents an increase of 48.1% from the prior year.
Dynex Cap Inc's ROE was 9.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
DX Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $119.1M+34.4% | $88.6M+13.7% | $77.9M-5.6% | $82.6M+10.4% | $74.8M+0.1% | $74.7M | N/A | $65.5M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $150.4M+1205.3% | -$13.6M-342.3% | -$3.1M-109.9% | $31.0M+473.3% | -$8.3M-120.7% | $40.1M | N/A | -$43.1M |
| EPS (Diluted) | $1.08+871.4% | $-0.14-133.3% | $-0.06-115.8% | $0.38+353.3% | $-0.15-123.4% | $0.64 | N/A | $-0.82 |
DX Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.2B+25.2% | $11.3B+25.1% | $9.0B+10.5% | $8.2B+22.5% | $6.7B+6.0% | $6.3B-1.0% | $6.4B+5.4% | $6.0B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $491.0M+26.7% | $387.5M+18.3% | $327.4M-13.2% | $377.1M+31.8% | $286.1M-3.2% | $295.7M+147.2% | $119.6M-55.9% | $271.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $12.2B+25.8% | $9.7B+26.8% | $7.6B+9.3% | $7.0B+24.1% | $5.6B+5.5% | $5.3B-2.8% | $5.5B+5.0% | $5.2B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.0B+21.6% | $1.6B+15.3% | $1.4B+17.8% | $1.2B+13.4% | $1.0B+9.0% | $958.5M+10.1% | $870.7M+8.3% | $804.3M |
| Retained Earnings | -$542.0M+12.3% | -$618.2M-13.9% | -$542.6M-9.9% | -$493.7M+2.4% | -$506.1M-7.9% | -$469.1M+3.0% | -$483.6M0.0% | -$483.6M |
DX Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $68.3M+114.2% | $31.9M+401.0% | $6.4M-58.0% | $15.1M-18.6% | $18.6M+208.8% | -$17.1M-203.2% | $16.6M+59.3% | $10.4M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$3.3B-118.4% | -$1.5B-65.7% | -$908.4M-2947.2% | $31.9M+109.5% | -$335.3M-244.1% | $232.6M+141.8% | -$556.0M+33.4% | -$834.3M |
| Financing Cash Flow | $3.3B+109.8% | $1.6B+83.2% | $868.5M+414.2% | $168.9M-45.1% | $307.6M+978.1% | -$35.0M-109.7% | $360.8M-55.3% | $807.6M |
| Dividends Paid | $69.6M+23.0% | $56.6M+35.9% | $41.6M+19.7% | $34.8M+28.9% | $27.0M+8.2% | $24.9M+3.8% | $24.0M+4.1% | $23.1M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DX Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | 7.7% | N/A | N/A | 2.7% | N/A | 4.2% | N/A | N/A |
| Return on Assets | 1.1%+1.2pp | -0.1%-0.1pp | -0.0%-0.4pp | 0.4%+0.5pp | -0.1%-0.8pp | 0.6% | N/A | -0.7% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 6.23+0.2 | 6.03+0.5 | 5.48-0.4 | 5.91+0.5 | 5.39-0.2 | 5.58-0.7 | 6.32-0.2 | 6.51 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Dynex Cap Inc profitable?
Yes, Dynex Cap Inc (DX) reported a net income of $113.9M in fiscal year 2024.
What is Dynex Cap Inc's earnings per share (EPS)?
Dynex Cap Inc (DX) reported diluted earnings per share of $1.49 for fiscal year 2024. This represents a 696.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
Does Dynex Cap Inc pay dividends?
Yes, Dynex Cap Inc (DX) paid $1.60 per share in dividends during fiscal year 2024.
What is Dynex Cap Inc's return on equity (ROE)?
Dynex Cap Inc (DX) has a return on equity of 9.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Dynex Cap Inc's operating cash flow?
Dynex Cap Inc (DX) generated $14.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Dynex Cap Inc's total assets?
Dynex Cap Inc (DX) had $8.2B in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Dynex Cap Inc have outstanding?
Dynex Cap Inc (DX) had 84M shares outstanding as of fiscal year 2024.
What is Dynex Cap Inc's debt-to-equity ratio?
Dynex Cap Inc (DX) had a debt-to-equity ratio of 5.91 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dynex Cap Inc's return on assets (ROA)?
Dynex Cap Inc (DX) had a return on assets of 1.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Dynex Cap Inc's Piotroski F-Score?
Dynex Cap Inc (DX) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dynex Cap Inc's earnings high quality?
Dynex Cap Inc (DX) has an earnings quality ratio of 0.13x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.