Dynex Capital, Inc. (DX)

Dynex Capital Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	241.78	319.07	113.9	-6.13	143.16	102.26
Depreciation & Amortization	26.1	28.07	49.54	77.01	100.43	120.48
Stock-Based Compensation	18.2	12.57	7.24	4.83	4.42	2.52
Other Adjustments	-127.49	-257.76	-144.52	-34.68	-133.92	-73.31
Changes in Accrued Interest and Accounts Receivable	-60.77	-35.1	-3.47	-13.47	-1.08	0.2
Changes in Accounts Payable	84.57	50.52	-8.52	36.74	15.09	-0.05
Changes in Other Operating Activities	1.91	3.46	0.23	-2.11	-1.74	-5.14
Operating Cash Flow	184.31	120.82	14.39	62.2	126.35	146.97
Operating Cash Flow Growth	386.83%	739.50%	-76.86%	-50.77%	-14.03%	-15.51%
Net Change in Loans Held-for-Investment	0.5	0.55	0.76	0.89	1.65	2.1
Net Change in Securities and Investments	-14,503	-7,929	-1,344	-2,911	-519.27	-637.88
Other Investing Activities	147.84	-145.07	316.93	-50.4	452.18	80.4
Investing Cash Flow	-14,354	-8,074	-1,026	-2,960	-65.44	-555.38
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	13,811	7,341	1,182	2,737	-205.51	412.75
Long-Term Debt Repaid	-	-	-	-	-	-0.12
Net Long-Term Debt Issued (Repaid)	-	-	-	-	-	-0.12
Issuance of Common Stock	1,371	1,169	332.32	42.63	246.88	237.13
Net Common Stock Issued (Repurchased)	1,371	1,169	332.32	42.63	246.88	237.13
Repurchase of Preferred Stock	-	-	-	-	-	-69.71
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-	-69.71
Common Dividends Paid	-307.53	-246.6	-117.84	-93.04	-72.37	-58.9
Other Financing Activities	-2.94	-1.79	-1.18	-0.45	-1.35	-1.18
Financing Cash Flow	14,872	8,262	1,395	2,686	-32.34	519.98
Net Cash Flow	701.63	308.85	383.68	-212.01	28.57	111.57
Free Cash Flow	184.31	120.82	14.39	62.2	126.35	146.97
Free Cash Flow Growth	52.55%	739.50%	-76.86%	-50.77%	-14.03%	-15.51%
FCF Margin	60.63%	32.47%	9.57%	232.53%	71.38%	115.10%
Free Cash Flow Per Share	1.21	0.97	0.20	1.13	2.96	4.49
Levered Free Cash Flow	282.66	355.82	143.98	84.35	248.16	206.33
Unlevered Free Cash Flow	51.81	46.95	37.78	98.18	112.69	115.5

Updated Apr 27, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

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