Every 10-Q that Dynex Capital, Inc. (DX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DX filings page.
Dynex Capital, Inc. reported strong Q2 2026 results, with net income to common shareholders of $178.1 million, or $0.80 per diluted share, compared with a loss of $16.3 million a year earlier. For the first six months of 2026, net income to common was $95.1 million, or $0.45 per share.
Total economic return for the quarter was $0.81 per common share, comprised of a $0.30 increase in book value per share and $0.51 of dividends. Common equity attributable to shareholders was $3.06 billion, and total shareholders’ equity was $3.18 billion on total assets of $26.4 billion.
The investment portfolio, including TBA positions, grew by $8.2 billion, or 42%, since December 31, 2025, driven by purchases of primarily 30‑year fixed‑rate Agency RMBS. Repurchase agreement borrowings increased to $22.6 billion at a 3.79% weighted average rate, and leverage including TBAs at implied cost decreased to 8.1 times equity. Net gains on hedges and investments produced a net gain of about $102 million on the portfolio, while operating expenses declined after one‑time costs in Q1. Dynex also issued 62.1 million common shares year‑to‑date through its ATM program, raising $833 million, and continued monthly common dividends totaling $0.51 in Q2 2026.
Dynex Capital, Inc. reported a significantly larger first‑quarter loss as mortgage spreads widened despite higher interest income. For the three months ended March 31, 2026, net interest income rose to $79.3 million from $17.1 million a year earlier, driven by a much larger Agency MBS portfolio and lower average repo funding costs.
However, unrealized losses on investments of $251.8 million and a $13.9 million loss on TBA positions outweighed $104.7 million of gains on derivatives, leading to a net loss to common shareholders of $83.0 million, or $(0.41) per share. Comprehensive loss to common shareholders was $83.2 million.
Total assets increased to $24.3 billion as Dynex expanded its mortgage‑backed securities to $22.9 billion and grew repurchase agreement borrowings to $21.0 billion. The company raised roughly $442 million of equity through its at‑the‑market program, yet common book value per share fell from $13.45 to $12.60 after paying $0.51 in common dividends, producing a total economic return of $(0.34) per share.
Dynex Capital (DX) reported a stronger quarter. For the three months ended September 30, 2025, net income was $150,388,000 versus $30,997,000 a year ago, driven by net interest income of $30,611,000 and an unrealized gain on investments of $142,469,000, partially offset by a $(10,694,000) loss on derivatives. Diluted EPS was $1.08 vs $0.38.
Total assets reached $14,158,694,000 as of September 30, 2025, up from $8,184,579,000 at December 31, 2024, reflecting a larger mortgage‑backed securities portfolio of $13,230,145,000. Repurchase agreement borrowings rose to $11,753,522,000 with a 4.44% weighted average rate. Shareholders’ equity increased to $1,957,548,000.
Dynex issued 61,025,405 common shares via its ATM program during the nine months ended September 30, 2025 for net proceeds of about $775,946,000. The company declared common dividends totaling $0.51 for the quarter. Common shares outstanding were 146,821,745 as of October 24, 2025.