Invesco Mortgage Capital Inc. IVR
Invesco Mortgage Capital Inc. (the "Company" or "we") is a Maryland corporation primarily focused on investing in, financing and managing mortgage-backed securities ("MBS") and other mortgage-related assets. Our objective is to provide attractive risk-adjusted returns to our stockholders, primarily through dividends and secondarily through capital appreciation.
•residential mortgage-backed securities ("RMBS") that are guaranteed by a U.S. government agency such as the Government National Mortgage Association ("Ginnie Mae"), or a federally chartered corporation such as the Federal National Mortgage Association ("Fannie Mae" or "FNMA") or the Federal Home Loan Mortgage Corporation ("Freddie Mac" or "FHLMC") (collectively "Agency RMBS"); and
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $295.3M | $286.5M | $277.9M | $194.5M | $169.2M | $280.2M | $778.4M | $643.0M | $545.1M | — |
| SG&A | $7.3M | $7.2M | $7.4M | $8.4M | $8.2M | $10.9M | $8.0M | $7.1M | $7.2M | $7.3M |
| Total operating expenses | $18.6M | $19.0M | $19.7M | $25.3M | $29.2M | $40.2M | $46.2M | $47.8M | $44.7M | $41.8M |
| Interest expense | $75.4M | $36.8M | $49.7M | $143.0M | $11.3M | $82.3M | $472.3M | $338.9M | $196.6M | $157.4M |
| Net income | $101.3M | $59.9M | -$15.9M | -$402.9M | -$90.0M | -$1.67B | $364.1M | -$70.8M | $348.6M | $254.4M |
| EPS, basic | 1.32 | 0.65 | -0.85 | -12.21 | -4.82 | -98.93 | 2.42 | -1.03 | 2.87 | 2.07 |
| EPS, diluted | 1.32 | 0.65 | -0.85 | -12.21 | -4.82 | -98.93 | 2.42 | -1.03 | 2.75 | 1.98 |
| Shares, diluted (wtd. avg.) | $66.9M | $53.8M | $44.1M | $34.2M | $27.5M | $17.4M | $132.3M | $111.6M | $123.0M | $130.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $56.0M | $73.4M | $198.6M | $278.8M | $577.1M | $392.6M | $289.5M | $135.6M | $89.0M | $161.8M |
| Total assets | $6.48B | $5.69B | $5.28B | $5.10B | $8.44B | $8.63B | $22.35B | $17.81B | $18.66B | $15.71B |
| Long-term debt | — | — | — | — | — | — | $19.18B | $15.25B | $15.87B | $13.21B |
| Total liabilities | $5.68B | $4.96B | $4.50B | $4.29B | $7.04B | $7.27B | $19.41B | $15.53B | $16.00B | $13.44B |
| Retained earnings | -$3.58B | -$3.57B | -$3.52B | -$3.41B | -$2.88B | -$2.64B | -$814.5M | -$882.1M | -$579.3M | -$718.3M |
| Total equity | $797.5M | $730.7M | $782.7M | $804.1M | $1.40B | $1.37B | $2.93B | $2.29B | $2.66B | $2.27B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $157.1M | $183.2M | $237.8M | $196.1M | $152.3M | $170.5M | $343.4M | $304.3M | $290.6M | $295.8M |
| Stock-based compensation | — | — | — | — | — | — | — | — | $548.0K | $440.0K |
| Investing cash flow | -$892.9M | -$497.4M | -$536.8M | $2.42B | $120.7M | $11.55B | -$4.32B | $621.6M | -$3.09B | $979.7M |
| Financing cash flow | $691.3M | $326.5M | $218.9M | -$2.92B | -$88.6M | -$11.62B | $4.13B | -$879.2M | $2.72B | -$1.17B |
| Dividends paid | — | — | — | — | — | $8.2M | — | — | — | — |
| Buybacks | — | — | — | — | — | $0 | $0 | $1.1M | $0 | $25.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437071-26-000015.
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