STOCK TITAN

LADDER CAPITAL CORP (LADR) Financials

LADR
Trailing 12 months to June 30, 2026
Revenue $292.3M -3.0% YoY
Net Income $52.2M -40.4% YoY
EPS (Diluted) $0.42 -40.0% YoY
Operating Cash Flow $103.0M -17.1% YoY
Market Cap $1.1B as of Oct 7, 2026
Price / Sales 3.8x on $292.3M revenue, trailing 12 months to June 30, 2026
Price / Earnings 21.1x on $52.2M net income, trailing 12 months to June 30, 2026
Price / Book 0.8x on $1.4B 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 7, 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 Jul 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LADR SEC filings page.

LADDER CAPITAL CORP (LADR) reported $292.3M in revenue over the twelve months to Jun 30, 2026, down 3.0% from the prior twelve months. This page shows its 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).

Rhea AI LADR FY2025

Ladder is primarily a leveraged asset-finance business: 2.5x debt-to-equity supports $5.2B of assets, not a high-volume operating model.

Operating cash flow exceeded net income in both FY2023 and FY2025, preserving cash-backed earnings rather than merely producing accounting profit. Yet operating cash flow fell from $180.6M in FY2023 to $87.0M in FY2025, indicating that cash generation depends on asset activity even when reported earnings remain positive.

Leverage eased through FY2024 but reversed in FY2025: debt-to-equity moved from 2.2x to 2.5x while liabilities stood at $3.7B against $1.5B of equity. That structure makes asset returns important because a relatively thin equity layer supports the business.

FY2025 investing cash flow was a $1.6B outflow, while financing supplied $227M; this shift from FY2024’s investing inflow and financing outflow suggests the balance sheet was actively repositioned rather than funded by recurring operating cash alone. Because free cash flow and capital expenditures are not reported, the pattern cannot be reduced to maintenance investment or expansion.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

LADDER CAPITAL CORP 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
3/5

LADDER CAPITAL CORP passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.37x

For every $1 of reported earnings, LADDER CAPITAL 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

Export CSV

Earnings & Revenue

Revenue
$78.2M
YoY+24.7%
QoQ+5.4%
5Y CAGR+15.8%
10Y CAGR+7.2%

LADDER CAPITAL CORP generated $78.2M in revenue in Q2 2026. This represents an increase of 24.7% from the same quarter a year earlier. Against the prior quarter it is up 5.4%.

Net Income
$14.6M
YoY-14.9%
QoQ+459.4%
5Y CAGR+6.8%
10Y CAGR+14.0%

LADDER CAPITAL CORP reported $14.6M in net income in Q2 2026. This represents a decrease of 14.9% from the same quarter a year earlier. Against the prior quarter it is up 459.4%.

EPS (Diluted)
$0.12
YoY-14.3%
QoQ+500.0%
5Y CAGR+8.4%
10Y CAGR+9.1%

LADDER CAPITAL CORP earned $0.12 per diluted share (EPS) in Q2 2026. This represents a decrease of 14.3% from the same quarter a year earlier. Against the prior quarter it is up 500.0%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$37.6M
YoY-72.1%
QoQ+13.7%
5Y CAGR-49.7%
10Y CAGR-7.4%

LADDER CAPITAL CORP held $37.6M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
Diluted avg 125M

LADDER CAPITAL CORP had a weighted average of 125M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Net Margin
18.6%
YoY-8.6pp
QoQ+15.1pp
5Y change-9.2pp
10Y change+8.6pp

LADDER CAPITAL CORP's net profit margin was 18.6% in Q2 2026, showing the share of revenue converted to profit. This is down 8.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.1 percentage points.

Return on Equity
1.0%
YoY-0.1pp
QoQ+0.8pp
5Y change+0.3pp
10Y change+0.6pp

LADDER CAPITAL CORP's ROE was 1.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$7.8M
YoY+17.4%
QoQ-42.0%
5Y CAGR+47.9%

LADDER CAPITAL CORP spent $7.8M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 17.4% from the same quarter a year earlier. Against the prior quarter it is down 42.0%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

LADR 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.

LADR quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$78.2M+24.7%$74.2M+15.4%$68.1M-12.9%$71.8M-25.3%$62.7M-29.1%$64.3M-32.9%$78.1M-22.3%$96.1M-4.9%
SG&A Expenses$12.3M+6.0%$22.3M+19.0%$10.9M-7.6%$11.6M-19.8%$11.6M-15.7%$18.8M-9.8%$11.8M-9.6%$14.4M+0.9%
Interest Expense$55.6M+35.0%$51.2M+16.4%$45.7M-10.1%$44.0M-23.7%$41.2M-24.0%$44.0M-25.1%$50.9M-16.2%$57.7M-7.4%
Income Tax$1.7M-52.9%$566K+167.5%-$343K-120.0%$960K+6.5%$3.7M+441.0%-$838K-143.5%$1.7M+355.8%$901K-71.4%
Net Income$14.6M-14.9%$2.6M-77.5%$15.9M-49.4%$19.2M-30.4%$17.1M-46.7%$11.6M-29.7%$31.3M+64.7%$27.6M-11.6%
EPS (Basic)$0.12-14.3%$0.02-77.8%$0.13-48.0%$0.15-31.8%$0.14-46.2%$0.09-30.8%$0.25+66.7%$0.22-12.0%
EPS (Diluted)$0.12-14.3%$0.02-77.8%$0.13-48.0%$0.15-31.8%$0.14-46.2%$0.09-30.8%$0.25+66.7%$0.22-12.0%
Diluted Shares (Avg)125M-0.8%126M-0.2%N/A126M+0.2%126M+0.3%126M+0.6%N/A126M+0.7%

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

LADR 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.

LADR quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$5.6B+25.8%$5.6B+8.8%$5.2B+6.3%$4.7B-3.3%$4.5B-8.0%$5.2B-3.2%$4.8B-12.1%$4.8B-12.0%
Cash & Equivalents$37.6M-72.1%$33.1M-93.1%$38.0M-97.1%$49.4M-96.9%$134.9M-88.7%$479.8M-60.7%$1.3B+30.3%$1.6B+101.3%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$4.2B+41.3%$4.2B+40.8%$3.7B+10.8%$3.2B-17.0%$3.0B-16.0%$3.0B-22.2%$3.3B-16.8%$3.8B-2.9%
Total Equity$1.4B-4.9%$1.4B-4.6%$1.5B-3.3%$1.5B-2.4%$1.5B-1.8%$1.5B-0.6%$1.5B+0.1%$1.5B-0.4%
Retained Earnings-$301.4M-27.4%-$286.8M-27.7%-$260.1M-25.7%-$246.7M-17.9%-$236.6M-13.9%-$224.6M-6.6%-$206.9M-4.5%-$209.2M-14.5%

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

LADR 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.

LADR quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$39.3M-10.8%-$8.0M+72.2%$45.4M+175.5%$26.3M-84.4%$44.0M-3.0%-$28.7M-41.0%-$60.1M-202.9%$169.0M+116.4%
Depreciation & Amortization$9.3M+16.2%$8.9M+21.4%$8.4M+12.2%$8.2M+1.1%$8.0M-4.4%$7.3M-11.6%$7.5M-3.9%$8.1M+14.0%
Stock-Based Compensation$3.7M+21.9%$14.2M+26.3%N/A$3.0M-4.0%$3.0M-3.9%$11.2M+8.9%N/A$3.2M-0.9%
Investing Cash Flow$24.2M+106.0%-$450.9M-20.6%-$536.5M-369.5%-$291.4M-298.3%-$405.6M-262.5%-$373.8M-210.9%$199.1M+4.3%$146.9M+85.1%
Financing Cash Flow-$60.6M-158.3%$457.6M+211.6%$481.1M+197.7%$179.7M+2.2%-$23.5M+92.7%-$410.2M-156.0%-$492.1M-1096.6%$175.8M+207.4%
Dividends PaidN/AN/AN/AN/AN/AN/AN/A$29.4M+0.7%
Share Buybacks$7.8M+17.4%$13.4M+478.1%$1.3M-71.6%$1.5M+29.1%$6.6M+3037.4%$2.3M+258.1%$4.5M$1.2M+507.7%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

LADR 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.

LADR quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin18.6%-8.6pp3.5%-14.5pp23.3%-16.8pp26.7%-2.0pp27.3%-9.0pp18.0%+0.8pp40.1%+21.2pp28.7%-2.2pp
Return on Equity1.0%-0.1pp0.2%-0.6pp1.1%-1.0pp1.3%-0.5pp1.1%-1.0pp0.8%-0.3pp2.0%+0.8pp1.8%-0.2pp
Return on Assets0.3%-0.1pp0.1%-0.2pp0.3%-0.3pp0.4%-0.2pp0.4%-0.3pp0.2%-0.1pp0.7%+0.3pp0.6%0.0pp
Debt-to-Equity2.92+1.0x2.88+0.9x2.47+0.3x2.13-0.4x1.97-0.3x1.95-0.5x2.16-0.4x2.51-0.1x
Asset Turnover0.010.0x0.010.0x0.010.0x0.020.0x0.010.0x0.010.0x0.020.0x0.020.0x

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
LADDER CAPITAL CORP LADR FY2025 $266.9M $63.7M 23.9% $1.1B —
Apollo Commercial Real Estate Finance, Inc. ARI FY2025 $271.6M $126.7M 46.7% $800.8M 33/100
Dynex Capital, Inc. DX FY2025 N/A $319K N/A $2.7B —
Ellington Financial Inc. EFC FY2025 $336.4M $150.8M 44.8% $1.5B 43/100
ARMOUR Residential REIT, Inc. ARR FY2025 N/A $322.7M N/A $1.9B —
Franklin BSP Realty Trust, Inc. FBRT FY2025 $270.1M $84.1M 31.1% $512.4M 28/100

Frequently Asked Questions

What is LADDER CAPITAL CORP's annual revenue?

LADDER CAPITAL 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 CAPITAL CORP's revenue growing?

LADDER CAPITAL CORP (LADR) revenue declined by 25.6% year-over-year, from $358.6M to $266.9M in fiscal year 2025.

Is LADDER CAPITAL CORP profitable?

Yes, LADDER CAPITAL CORP (LADR) reported a net income of $63.7M in fiscal year 2025, with a net profit margin of 23.9%.

LADDER CAPITAL CORP (LADR) reported diluted earnings per share of $0.51 for fiscal year 2025. This represents a -40.7% 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.

LADDER CAPITAL 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.

LADDER CAPITAL CORP (LADR) has a return on equity of 4.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

LADDER CAPITAL CORP (LADR) generated $87.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

LADDER CAPITAL CORP (LADR) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, LADDER CAPITAL CORP (LADR) spent $11.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

LADDER CAPITAL 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.

LADDER CAPITAL 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.

LADDER CAPITAL CORP (LADR) trades at 21.1x earnings, its market capitalization divided by net income of $52.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.1B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

LADDER CAPITAL CORP (LADR) trades at 3.8x sales, its market capitalization divided by revenue of $292.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.1B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

LADDER CAPITAL CORP (LADR) has a Piotroski F-Score of 3 out of 5 computable signals; 4 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.

LADDER CAPITAL 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.

Back to top