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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $545.1M | $643.0M | $778.4M | $280.2M | $169.2M | $194.5M | $277.9M | $286.5M | $295.3M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $254.4M | $348.6M | -$70.8M | $364.1M | -$1.67B | -$90.0M | -$402.9M | -$15.9M | $59.9M | $101.3M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6798
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| WELL | WELLTOWER INC. | $167.53B | 170.7x | 40.2% |
| PLD | Prologis, Inc. | $117.89B | 35.5x | 7.2% |
| EQIX | EQUINIX INC | $94.23B | 69.4x | 5.4% |
| AMT | AMERICAN TOWER CORP /MA/ | $88.04B | 35.0x | 20.8% |
| SPG | SIMON PROPERTY GROUP INC. | $68.57B | 14.9x | 6.7% |
| DLR | DIGITAL REALTY TRUST, INC. | $60.57B | 48.1x | 10.0% |
| PSA | Public Storage | $54.42B | 34.4x | 2.7% |
| O | REALTY INCOME CORP | $53.83B | 48.6x | 9.1% |