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Invesco Mortgage Capital Inc. (IVR) Financials

IVR
Trailing 12 months to June 30, 2026
Revenue $315.9M +7.3% YoY
Net Income $120.1M +196.2% YoY
EPS (Diluted) $1.32 FY2025 annual
Operating Cash Flow $166.0M +8.7% YoY
Market Cap $621.3M as of Oct 6, 2026
Price / Sales 2.0x on $315.9M revenue, trailing 12 months to June 30, 2026
Price / Earnings 5.2x on $120.1M net income, trailing 12 months to June 30, 2026
Price / Book 0.6x on $990.3M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IVR SEC filings page.

Invesco Mortgage Capital Inc. (IVR) reported $315.9M in revenue over the twelve months to Jun 30, 2026, up 7.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI IVR FY2025

The reported investment business returned to profit while expanding its asset base through a more heavily financed balance sheet.

The earnings recovery coincided with balance-sheet expansion: assets reached $6.48B in FY2025 while liabilities reached $5.68B. Debt-to-equity rose from 6.8x in FY2024 to 7.1x in FY2025, so improved earnings arrived alongside greater reliance on liabilities rather than balance-sheet shrinkage.

Net loss narrowed from $402.9M in FY2022 to $15.9M in FY2023. Profits then reached $59.9M in FY2024 and $101.3M in FY2025, marking a recovery from a deep trough rather than steady linear growth.

By FY2025, $797.5M of equity supported $6.48B of assets, illustrating how much reported scale rests on financed holdings rather than owners’ capital. Assets expanded from FY2024 to FY2025 while equity also increased, but the rising debt-to-equity ratio shows the expansion did not reduce financial leverage.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Invesco Mortgage Capital Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
4/6

Invesco Mortgage Capital Inc. passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.55x

For every $1 of reported earnings, Invesco Mortgage Capital Inc. generates $1.55 in operating cash flow ($157.1M OCF vs $101.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$85.4M
YoY+20.9%
QoQ+7.2%
5Y CAGR+14.6%

Invesco Mortgage Capital Inc. generated $85.4M in revenue in Q2 2026. This represents an increase of 20.9% from the same quarter a year earlier. Against the prior quarter it is up 7.2%.

Net Income
$35.0M
YoY+250.1%
QoQ+275.9%

Invesco Mortgage Capital Inc. reported $35.0M in net income in Q2 2026. This represents an increase of 250.1% from the same quarter a year earlier. Against the prior quarter it is up 275.9%.

EPS (Diluted)
$0.34
QoQ+221.4%

Invesco Mortgage Capital Inc. earned $0.34 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 221.4%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$73.4M
YoY+23.5%
QoQ+39.5%
5Y CAGR-11.4%
10Y CAGR-6.5%

Invesco Mortgage Capital Inc. held $73.4M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share
$0.36
QoQ0.0%

Invesco Mortgage Capital Inc. paid $0.36 per share in dividends in Q2 2026. It is unchanged from the prior quarter.

Shares Outstanding
108M
QoQ+16.0%
5Y CAGR-18.0%
10Y CAGR-0.4%

Invesco Mortgage Capital Inc. had 108M shares outstanding in Q2 2026. Against the prior quarter it is up 16.0%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin
41.0%
YoY+74.0pp
QoQ+66.0pp

Invesco Mortgage Capital Inc.'s net profit margin was 41.0% in Q2 2026, showing the share of revenue converted to profit. This is up 74.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 66.0 percentage points.

Return on Equity
3.5%
YoY+6.8pp
QoQ+5.8pp
5Y change+8.9pp
10Y change+3.8pp

Invesco Mortgage Capital Inc.'s ROE was 3.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 6.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.8 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

IVR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IVR quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$85.4M+20.9%$79.6M+7.8%$77.9M+2.4%$72.9M-1.2%$70.6M+3.8%$73.8M+7.7%$76.1M+22.6%$73.8M-1.7%
SG&A Expenses$2.1M+4.1%$1.9M+15.3%$1.8M+9.3%$1.8M-0.1%$2.0M+5.0%$1.7M-7.4%$1.6M-5.2%$1.8M+6.7%
Interest Expense$55.3M+4.6%$52.6M-4.4%$56.6M-9.3%$55.3M-16.6%$52.9M-10.9%$55.0M-10.6%$62.4M+16.1%$66.3M+0.9%
Net Income$35.0M+250.1%-$19.9M-201.3%$51.5M+1368.7%$53.5M+31.3%-$23.3M-73.2%$19.6M-32.6%$3.5M-87.1%$40.7M+159.4%
EPS (Basic)$0.34+185.0%-$0.28-207.7%$0.71+646.2%$0.74+17.5%-$0.40-5.3%$0.26-46.9%-$0.13-123.6%$0.63+138.9%
EPS (Diluted)$0.34-$0.28-207.7%$0.71+646.2%$0.74+17.5%-$0.40$0.26-46.9%-$0.13-123.6%$0.63
Diluted Shares (Avg)95M82M+30.3%N/A68M+20.2%66M63M+29.6%N/A56M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.

IVR Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IVR quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$7.2B+34.0%$6.3B+1.8%$6.5B+13.9%$6.0B-2.0%$5.4B+6.6%$6.2B+17.7%$5.7B+7.6%$6.1B+4.3%
Cash & Equivalents$73.4M+23.5%$52.6M+22.6%$56.0M-23.7%$58.5M+21.3%$59.4M+1.1%$42.9M-28.4%$73.4M-4.6%$48.3M-72.3%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$6.2B+33.2%$5.4B-0.1%$5.7B+14.5%$5.2B-0.6%$4.7B+8.9%$5.4B+21.5%$5.0B+10.1%$5.2B+3.5%
Total Equity$990.3M+39.6%$876.4M+15.4%$797.5M+9.1%$769.6M-10.2%$709.4M-6.6%$759.2M-3.4%$730.7M-6.6%$857.0M+9.2%
Retained Earnings-$3.6B-0.2%-$3.6B-1.5%-$3.6B-0.2%-$3.6B-1.7%-$3.6B-2.1%-$3.6B-1.8%-$3.6B-1.5%-$3.5B-0.6%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

IVR Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IVR quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$42.2M+3.9%$26.7M+37.9%$59.8M-3.3%$37.3M+21.0%$40.6M+23.2%$19.3M-66.4%$61.9M+95.3%$30.8M-41.1%
Investing Cash Flow-$947.5M-233.8%$195.0M+137.8%-$520.4M-229.7%-$564.0M+45.3%$708.0M+638.0%-$516.5M-1491.8%$401.4M+10.6%-$1.0B-1378.1%
Financing Cash Flow$954.9M+229.1%-$197.2M-142.2%$446.3M+206.1%$516.9M-47.6%-$739.6M-406.7%$467.8M+604.4%-$420.8M+24.3%$986.0M+2168.0%

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

IVR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IVR quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin41.0%+74.0pp-25.0%-51.6pp66.1%+61.5pp73.3%+18.2pp-33.0%-13.2pp26.6%-15.9pp4.6%-39.2pp55.2%+146.5pp
Return on Equity3.5%+6.8pp-2.3%-4.9pp6.5%+6.0pp7.0%+2.2pp-3.3%-1.5pp2.6%-1.1pp0.5%-3.0pp4.8%+13.5pp
Return on Assets0.5%+0.9pp-0.3%-0.6pp0.8%+0.7pp0.9%+0.2pp-0.4%-0.2pp0.3%-0.2pp0.1%-0.5pp0.7%+1.8pp
Debt-to-Equity6.31-0.3x6.16-1.0x7.12+0.3x6.75+0.6x6.61+0.9x7.11+1.5x6.78+1.0x6.10-0.3x
Asset Turnover0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Invesco Mortgage Capital Inc. IVR FY2025 $295.3M $101.3M 34.3% $621.3M —
KKR Real Estate Finance Trust Inc. KREF FY2025 N/A -$47.1M N/A $356.2M —
Claros Mortgage Trust, Inc. CMTG FY2025 $187.8M -$489.1M N/A $166.5M 1/100
New York Mortgage Trust, Inc. NYMT FY2025 $601.9M $149.0M 24.8% $652.1M 59/100
TPG RE Finance Trust, Inc. TRTX FY2025 $146.1M $60.3M 41.3% $462.1M 18/100
Ready Capital Corporation RC FY2025 $101.7M -$221.1M N/A $181.7M 2/100

Frequently Asked Questions

What is Invesco Mortgage Capital Inc.'s annual revenue?

Invesco Mortgage Capital Inc. (IVR) reported $295.3M in total revenue for fiscal year 2025. This represents a 3.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Invesco Mortgage Capital Inc.'s revenue growing?

Invesco Mortgage Capital Inc. (IVR) revenue grew by 3.1% year-over-year, from $286.5M to $295.3M in fiscal year 2025.

Is Invesco Mortgage Capital Inc. profitable?

Yes, Invesco Mortgage Capital Inc. (IVR) reported a net income of $101.3M in fiscal year 2025, with a net profit margin of 34.3%.

Invesco Mortgage Capital Inc. (IVR) reported diluted earnings per share of $1.32 for fiscal year 2025. This represents a 103.1% 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.

Invesco Mortgage Capital Inc. (IVR) had a net profit margin of 34.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Invesco Mortgage Capital Inc. (IVR) has a return on equity of 12.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Invesco Mortgage Capital Inc. (IVR) generated $157.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Invesco Mortgage Capital Inc. (IVR) had $6.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Invesco Mortgage Capital Inc. (IVR) had 83M shares outstanding as of fiscal year 2025.

Invesco Mortgage Capital Inc. (IVR) had a debt-to-equity ratio of 7.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Invesco Mortgage Capital Inc. (IVR) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Invesco Mortgage Capital Inc. (IVR) trades at 5.2x earnings, its market capitalization divided by net income of $120.1M net income, trailing 12 months to June 30, 2026. The market capitalization is $621.3M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Invesco Mortgage Capital Inc. (IVR) trades at 2.0x sales, its market capitalization divided by revenue of $315.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $621.3M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Invesco Mortgage Capital Inc. (IVR) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Invesco Mortgage Capital Inc. (IVR) has an earnings quality ratio of 1.55x, considered cash-backed (high quality). 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.

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