Ladder Cap Corp Financials
This page shows Ladder Cap Corp (LADR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).
FY2025 highlights a leveraged asset-yield model where cash redeployment, not headline revenue, dominated the business mechanics.
Even with weaker recent earnings, earnings quality remained decent because operating cash flow of$87.0M still exceeded net income of$63.7M . The more revealing shift was liquidity compression: cash dropped from$1.3B to$38.0M , which means capital was pushed back into assets faster than internally generated cash could replace it.
This is a balance sheet-driven business: total assets of
Expense relief helped cushion weaker activity: interest expense declined to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Ladder Cap Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Ladder Cap Corp's revenue declined 25.6% year-over-year, from $358.6M to $266.9M. This contraction results in a growth score of 2/100.
Ladder Cap Corp has a moderate D/E ratio of 2.47. This balance of debt and equity financing earns a leverage score of 52/100.
Ladder Cap Corp generates a 4.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is down from 7.0% the prior year.
Ladder Cap Corp 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), neither operating efficiency signal passes.
For every $1 of reported earnings, Ladder Cap Corp generates $1.37 in operating cash flow ($87.0M OCF vs $63.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Ladder Cap Corp generated $266.9M in revenue in fiscal year 2025. This represents a decrease of 25.6% from the prior year.
Ladder Cap Corp reported $63.7M in net income in fiscal year 2025. This represents a decrease of 40.7% from the prior year.
Ladder Cap Corp earned $0.51 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 40.7% from the prior year.
Cash & Balance Sheet
Ladder Cap Corp held $38.0M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Ladder Cap Corp's net profit margin was 23.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.1 percentage points from the prior year.
Ladder Cap Corp's ROE was 4.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.7 percentage points from the prior year.
Capital Allocation
Ladder Cap Corp spent $11.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 79.9% from the prior year.
LADR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $74.2M+9.0% | $68.1M-5.2% | $71.8M+14.4% | $62.7M-2.5% | $64.3M-17.6% | $78.1M-18.7% | $96.1M+8.6% | $88.5M |
| 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 | $22.3M+105.5% | $10.9M-6.0% | $11.6M-0.1% | $11.6M-38.4% | $18.8M+59.6% | $11.8M-18.4% | $14.4M+5.0% | $13.7M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $51.2M+12.0% | $45.7M+4.0% | $44.0M+6.7% | $41.2M-6.3% | $44.0M-13.5% | $50.9M-11.8% | $57.7M+6.4% | $54.2M |
| Income Tax | $566K+265.0% | -$343K-135.7% | $960K-74.2% | $3.7M+543.2% | -$838K-149.0% | $1.7M+89.9% | $901K+182.7% | -$1.1M |
| Net Income | $2.6M-83.6% | $15.9M-17.3% | $19.2M+12.1% | $17.1M+48.1% | $11.6M-63.1% | $31.3M+13.7% | $27.6M-14.2% | $32.1M |
| EPS (Diluted) | $0.02 | N/A | $0.15+7.1% | $0.14+55.6% | $0.09 | N/A | $0.22-15.4% | $0.26 |
LADR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.6B+8.8% | $5.2B+9.9% | $4.7B+5.1% | $4.5B-13.5% | $5.2B+6.3% | $4.8B0.0% | $4.8B0.0% | $4.8B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $33.1M-12.9% | $38.0M-23.2% | $49.4M-63.4% | $134.9M-71.9% | $479.8M-63.7% | $1.3B-17.7% | $1.6B+34.4% | $1.2B |
| 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 | $4.2B+13.4% | $3.7B+15.0% | $3.2B+8.0% | $3.0B+0.1% | $3.0B-10.8% | $3.3B-13.9% | $3.8B+9.3% | $3.5B |
| 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 | $1.4B-2.5% | $1.5B-0.8% | $1.5B-0.4% | $1.5B-0.9% | $1.5B-1.2% | $1.5B+0.2% | $1.5B+0.2% | $1.5B |
| Retained Earnings | -$286.8M-10.3% | -$260.1M-5.4% | -$246.7M-4.3% | -$236.6M-5.3% | -$224.6M-8.6% | -$206.9M+1.1% | -$209.2M-0.7% | -$207.7M |
LADR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.0M-117.6% | $45.4M+72.2% | $26.3M-40.2% | $44.0M+253.3% | -$28.7M+52.2% | -$60.1M-135.6% | $169.0M+272.2% | $45.4M |
| 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 | -$450.9M+16.0% | -$536.5M-84.1% | -$291.4M+28.1% | -$405.6M-8.5% | -$373.8M-287.7% | $199.1M+35.5% | $146.9M-41.1% | $249.6M |
| Financing Cash Flow | $457.6M-4.9% | $481.1M+167.8% | $179.7M+865.4% | -$23.5M+94.3% | -$410.2M+16.7% | -$492.1M-380.0% | $175.8M+154.9% | -$320.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $29.4M-0.3% | $29.5M |
| Share Buybacks | $13.4M+950.5% | $1.3M-17.1% | $1.5M-76.8% | $6.6M+185.7% | $2.3M-48.3% | $4.5M+276.4% | $1.2M+464.5% | $211K |
LADR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 3.5%-19.8pp | 23.3%-3.4pp | 26.7%-0.6pp | 27.3%+9.3pp | 18.0%-22.1pp | 40.1%+11.4pp | 28.7%-7.6pp | 36.3% |
| Return on Equity | 0.2%-0.9pp | 1.1%-0.2pp | 1.3%+0.1pp | 1.1%+0.4pp | 0.8%-1.3pp | 2.0%+0.2pp | 1.8%-0.3pp | 2.1% |
| Return on Assets | 0.1%-0.3pp | 0.3%-0.1pp | 0.4%+0.0pp | 0.4%+0.2pp | 0.2%-0.4pp | 0.7%+0.1pp | 0.6%-0.1pp | 0.7% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 2.88+0.4 | 2.47+0.3 | 2.13+0.2 | 1.97+0.0 | 1.95-0.2 | 2.16-0.4 | 2.51+0.2 | 2.30 |
| 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
What is Ladder Cap Corp's annual revenue?
Ladder Cap Corp (LADR) reported $266.9M in total revenue for fiscal year 2025. This represents a -25.6% 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 Ladder Cap Corp's revenue growing?
Ladder Cap Corp (LADR) revenue declined by 25.6% year-over-year, from $358.6M to $266.9M in fiscal year 2025.
Is Ladder Cap Corp profitable?
Yes, Ladder Cap Corp (LADR) reported a net income of $63.7M in fiscal year 2025, with a net profit margin of 23.9%.
What is Ladder Cap Corp's net profit margin?
Ladder Cap Corp (LADR) had a net profit margin of 23.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Ladder Cap Corp's return on equity (ROE)?
Ladder Cap Corp (LADR) has a return on equity of 4.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ladder Cap Corp's operating cash flow?
Ladder Cap Corp (LADR) generated $87.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ladder Cap Corp's total assets?
Ladder Cap Corp (LADR) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Ladder Cap Corp's debt-to-equity ratio?
Ladder Cap Corp (LADR) had a debt-to-equity ratio of 2.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ladder Cap Corp's return on assets (ROA)?
Ladder Cap Corp (LADR) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ladder Cap Corp's Piotroski F-Score?
Ladder Cap Corp (LADR) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ladder Cap Corp's earnings high quality?
Ladder Cap Corp (LADR) has an earnings quality ratio of 1.37x, 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.
How financially healthy is Ladder Cap Corp?
Ladder Cap Corp (LADR) scores 13 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.