| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Interest income | $89.9M+24.1% | $72.5M+6.1% | $68.4M-12.3% | $78.0M+39.7% | $55.8M+43.2% | $39.0M |
| Interest expense | -$42.8M+3.6% | -$44.4M+13.9% | -$51.6M-28.1% | -$40.3M-35.2% | -$29.8M-39.7% | -$21.3M |
| Total net interest income (loss) | $47.2M+67.7% | $28.1M+67.5% | $16.8M-55.5% | $37.7M+44.8% | $26.1M+47.5% | $17.7M |
| Change in unrealized gain (loss) on preferred stock and stock warrant investments | $112.6M+16775.0% | $667K+150.8% | $266K | — | — | — |
| Reversal of (provision for) credit losses | -$39.0M-5489.9% | $723K+116.8% | -$4.3M-2443.8% | -$169K+10.6% | -$189K+40.9% | -$320K |
| Dividend income | $19.4M+866.2% | $2.0M+940.9% | $193K | $0 | $0-100.0% | $6.3M |
| Realized gain | $0-100.0% | $691K | — | -$1.1M-321.8% | -$257K+47.9% | -$493K |
| Loss on extinguishment of debt | -$458K+6.1% | -$488K | — | $17K | $0 | $0 |
| Gain on deconsolidation of variable interest entity | $1.5M | — | — | $0 | — | — |
| Equity in losses of equity method investments | -$898K+77.3% | -$4.0M-54.1% | -$2.6M | $0 | $0 | — |
| Gain on sale from real estate owned | $3.6M | — | — | — | $0 | — |
| Revenues from consolidated real estate owned | $7.8M-11.8% | $8.9M+72.3% | $5.1M-58.5% | $12.4M+123920.0% | $10K | $0 |
| Total other income (loss) | $109.7M+146.6% | $44.5M+75.8% | $25.3M+850.5% | $2.7M-96.3% | $71.3M+176.9% | $25.8M |
| General and administrative expenses | $12.7M-1.2% | $12.8M+39.2% | $9.2M+27.1% | $7.2M+13.7% | $6.4M+88.4% | $3.4M |
| Loan servicing fees | $1.4M-12.6% | $1.6M-62.1% | $4.2M-4.6% | $4.4M-15.3% | $5.2M+20.1% | $4.3M |
| Management fees | $6.8M+74.7% | $3.9M+17.9% | $3.3M+4.1% | $3.2M+37.2% | $2.3M+47.9% | $1.6M |
| Expenses from consolidated real estate owned | $12.9M-29.9% | $18.4M+175.2% | $6.7M-41.4% | $11.4M+22696.0% | $50K | $0 |
| Total operating expenses | $33.7M-8.1% | $36.6M+56.9% | $23.4M-10.8% | $26.2M+88.4% | $13.9M+50.3% | $9.2M |
| Net income | $123.1M+242.4% | $36.0M+91.9% | $18.7M+31.8% | $14.2M-83.0% | $83.5M+144.3% | $34.2M |
| Net (income) loss attributable to redeemable noncontrolling interests | -$18.0M | $0 | $0+100.0% | -$2.5M | $0 | $0 |
| Net income attributable to common stockholders | $75.7M+327.7% | $17.7M+70.1% | $10.4M+221.6% | $3.2M-91.8% | $39.6M+256.6% | $11.1M |
| Weighted average common shares outstanding - basic (in shares) | 17.7M+1.6% | 17.4M+1.2% | 17.2M+17.1% | 14.7M+122.5% | 6.6M+26.8% | 5.2M |
| Weighted-average common shares outstanding - diluted (in shares) | 42.0M+141.4% | 17.4M+1.2% | 17.2M+17.1% | 14.7M-27.9% | 20.4M+9.2% | 18.6M |
| Earnings per share outstanding - basic (in dollars per share) | $4280.00+319.6% | $1020.00+70.0% | $600.00+172.7% | $220.00-96.3% | $6000.00+181.7% | $2130.00 |
| Earnings per share outstanding - diluted (in dollars per share) | $2850.00+179.4% | $1020.00+70.0% | $600.00+172.7% | $220.00-94.4% | $3930.00+125.9% | $1740.00 |
| Dividends declared per common share (in dollars per share) | $2000.00+0.0% | $2000.00-27.0% | $2740.00+37.0% | $2000.00+5.3% | $1900.00+33.8% | $1419.80 |
| Series A Preferred Stock | ||||||
| Net (income) loss attributable to preferred stockholders | -$13K+99.6% | -$3.5M+0.0% | -$3.5M+0.5% | -$3.5M-0.1% | -$3.5M-100.7% | -$1.7M |
| Series B Preferred Stock | ||||||
| Series C Preferred Stock | ||||||
| CMBS Structured Pass Through Certificates | ||||||
| Unrealized gain (loss) | -$9.4M-30.1% | -$7.2M-198.5% | -$2.4M+80.9% | -$12.7M-2521.9% | -$483K-885.7% | -$49K |
| Common Stock | ||||||
| Change in unrealized gain (loss) on common stock investments | -$8.8M-113.0% | -$4.1M+75.3% | -$16.7M-222.1% | -$5.2M | $0 | $0 |
| MSCR Notes | ||||||
| Collateralized Mortgage Backed Securities | ||||||
| Noncontrolling interest in CMBS VIEs | ||||||
| Change in net assets related to consolidated CMBS variable interest entities | $12.5M-65.9% | $36.7M-4.0% | $38.2M+273.2% | $10.2M-82.2% | $57.6M+189.1% | $19.9M |
| Redeemable Noncontrolling Interests | ||||||
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.