| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Interest income | $494.5M+18.9% | $416.0M+12.4% | $370.2M+31.2% | $282.2M+60.8% | $175.5M |
| Interest expense | -$304.5M-8.9% | -$279.6M-6.5% | -$262.5M-85.1% | -$141.8M-222.0% | -$44.0M |
| Total net interest income | $190.0M+39.3% | $136.4M+26.6% | $107.7M-23.3% | $140.4M+6.8% | $131.5M |
| Realized gains (losses) on securities and loans, net | $11.7M+123.0% | -$51.0M+45.8% | -$94.0M+10.9% | -$105.4M-2201.8% | $5.0M |
| Realized gains (losses) on financial derivatives, net | -$5.7M+64.9% | -$16.2M-140.4% | $40.1M-66.8% | $120.5M+947.5% | $11.5M |
| Realized gains (losses) on real estate owned, net | -$7.7M-38.7% | -$5.5M-5.7% | -$5.2M-1167.1% | $490K-71.4% | $1.7M |
| Realized Gains (Losses) on Unsecured Borrowings, at fair value, net | -$1.4M | $0 | $0 | — | — |
| Unrealized gains (losses) on securities and loans, net | $134.0M+22.4% | $109.4M-36.1% | $171.3M+136.0% | -$475.8M-1444.7% | -$30.8M |
| Unrealized gains (losses) on financial derivatives, net | -$50.5M-188.8% | $56.9M+478.1% | -$15.1M-127.9% | $53.9M+420.4% | $10.4M |
| Unrealized gains (losses) on real estate owned, net | -$5.2M-920.6% | $632K-71.0% | $2.2M+548.9% | -$485K+61.5% | -$1.3M |
| Unrealized gains (losses) on other secured borrowings, at fair value, net | -$92.7M-158.6% | -$35.9M+30.4% | -$51.6M-120.0% | $258.1M+1529.3% | $15.8M |
| Unrealized gains (losses) on unsecured borrowings, at fair value, net | -$11.5M-25.4% | -$9.1M-6365.1% | $146K-99.2% | $18.2M | $0 |
| Net change from HECM reverse mortgage loans, at fair value | $708.3M+11.2% | $637.0M+26.4% | $503.8M+152.9% | $199.2M | $0 |
| Net change related to HMBS obligations, at fair value | -$585.3M-7.3% | -$545.7M-20.8% | -$451.6M-178.1% | -$162.4M | $0 |
| Business Combination, Bargain Purchase, Gain Recognized, Amount | $0 | $0-100.0% | $28.2M+255.2% | $7.9M | $0 |
| Other, net | $52.4M+83.4% | $28.6M-30.2% | $41.0M+661.4% | $5.4M-25.2% | $7.2M |
| Total other income (loss) | $146.5M-13.4% | $169.2M+0.0% | $169.2M+310.3% | -$80.4M-511.2% | $19.6M |
| Base management fee to affiliate (Net of fee rebates of $744, $297, and $473, respectively)(1) | $25.4M+8.3% | $23.5M+14.9% | $20.4M+21.2% | $16.8M+25.5% | $13.4M |
| Incentive Fee Expense | $4.5M | $0 | $0 | — | $15.7M |
| Servicing expense | $28.6M+18.1% | $24.2M+18.7% | $20.4M+150.7% | $8.1M+83.7% | $4.4M |
| Debt issuance costs related to Other secured borrowings, at fair value | $10.1M+38.6% | $7.3M | $0-100.0% | $6.3M+18.9% | $5.3M |
| Debt Related Commitment Fees and Debt Issuance Costs | $6.0M | $0 | $0 | — | — |
| Debt Issuance Costs Related to Unsecured Borrowings, at Fair Value | $6.0M | $0 | $0-100.0% | $3.6M | $0 |
| Other | $36.1M+41.2% | $25.6M+51.7% | $16.9M+30.5% | $12.9M+46.3% | $8.8M |
| Professional fees | $13.1M+16.0% | $11.3M-46.8% | $21.2M+231.8% | $6.4M+17.8% | $5.4M |
| Compensation and benefits | $83.6M+21.7% | $68.7M-12.4% | $78.4M+271.8% | $21.1M+214.2% | $6.7M |
| Other expenses | $31.1M+7.9% | $28.9M-5.2% | $30.5M+214.2% | $9.7M+45.6% | $6.7M |
| Total expenses | $238.5M+26.0% | $189.4M+0.9% | $187.7M+120.9% | $85.0M+29.8% | $65.4M |
| Net Income (Loss) before Income Tax Expense (Benefit) and Earnings (Losses) from Investments in Unconsolidated Entities | $97.9M-15.8% | $116.3M+30.3% | $89.2M+457.3% | -$25.0M-129.2% | $85.6M |
| Income tax expense (benefit) | $3.8M+519.6% | $612K+33.9% | $457K+102.6% | -$17.7M-663.5% | $3.1M |
| Earnings (losses) from investments in unconsolidated entities | $56.7M+74.6% | $32.4M+3894.7% | -$855K+98.7% | -$63.6M-209.5% | $58.1M |
| Net Income (Loss) | $150.8M+1.8% | $148.1M+68.5% | $87.9M+224.0% | -$70.9M-150.4% | $140.6M |
| Net income (loss) attributable to non-controlling interests | $3.9M+73.9% | $2.2M-41.2% | $3.8M+564.0% | -$822K-111.6% | $7.1M |
| Dividends on preferred stock | $28.1M+1.5% | $27.7M+19.5% | $23.2M+51.6% | $15.3M+88.4% | $8.1M |
| Preferred Stock Redemption Premium | $335K | $0 | — | — | — |
| Net Income (Loss) Attributable to Common Stockholders | $118.7M+0.8% | $117.8M+93.5% | $60.9M+171.4% | -$85.3M-168.1% | $125.3M |
| Basic and Diluted (USD per share) | $1190.00-12.5% | $1360.00+52.8% | $890.00+162.2% | -$1430.00-155.4% | $2580.00 |
| Preferred Stock Redemption Discount | $0-100.0% | $335K | — | $0 | — |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.