Income StatementBalance SheetCash FlowSegments
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Ladder Capital Income Statement

Revenue, expenses, and profitability over time

Ladder Capital generated $104.8M in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $54.7M with a 52.22% net margin. Diluted EPS is $0.44, which declined 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$104.8MNet Income (TTM)$54.7MEps Diluted (TTM)$0.44
Latest FilingQ1 2026
Report Date2026-04-27
Market Cap$1.3B
P/E Ratio23.81
ROE3.69%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$2.2M$11.2M$3.0M$3.0M$3.1M$14.2M
Share-Based Compensation Expense$2.2M$11.2M$3.0M$3.0M$3.1M$14.2M
Compensation and benefits$11.8M$18.8M$11.6M$11.6M$10.9M$22.3M
Depreciation and amortization$7.5M$7.3M$8.0M$8.2M$8.4M$8.9M
Stock-based compensation expense$2.2M$11.2M$3.0M$3.0M$3.1M$14.2M
Other operating expenses$4.9M$4.5M$4.8M$5.3M$4.9M$5.1M
Provision for credit losses$47.0K-$81.0K-$42.0K-$31.0K-$3.0K-$28.0K
Share-Based Compensation$2.2M$11.2M$3.0M$3.0M$3.1M$14.2M
Total operating expenses$4.9M$4.5M$4.8M$5.3M$4.9M$5.1M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Tax Withholding for Share-Based Payments$0.0$8.7M—$10.0K—$9.1M
Amortization Of Financing Costs$2.4M$2.4M$2.4M$2.5M$2.4M$2.6M
Provision for credit losses$47.0K-$81.0K-$42.0K-$31.0K-$3.0K-$28.0K
Increase Decrease In Accrued Interest Receivable Net-$3.8M$2.3M—$1.2M$1.4M$2.0M
Accrued liabilities-$89.6M$14.2M-$45.8M-$3.5M—-$29.7M
Increase (Decrease) in Other Operating Assets$3.5M$609.0K$3.2M—$1.5M$954.0K
Interest and Dividend Income, Operating$78.1M$64.3M$62.7M$71.8M$68.1M$74.2M
Interest and Fee Income, Loans and Leases$4.8M$5.3M$2.8M$3.9M$3.0M$1.4M
Interest Income (Expense), after Provision for Loan Loss$27.2M$20.4M$21.6M$27.8M$22.3M$23.0M
Interest Income (Expense), Operating$27.2M$20.3M$21.5M$27.8M$22.3M$23.0M
Investment expenses$1.8M$1.2M$844.0K$855.0K$825.0K$1.2M
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable-$55.0K-$220.0K-$220.0K-$19.0K-$28.0K-$2.0K
Lease income — operating leases$23.4M$21.8M$25.8M$26.7M$25.1M$27.3M
Payments For Origination Of Mortgage Loans Held For Sale$0.0$63.4M———$12.5M
Payments for Repurchase of Common Stock$4.5M$2.3M$6.6M$1.5M$1.3M$13.4M
Payment, Tax Withholding, Share-Based Payment Arrangement$0.0$8.7M—$10.0K—$9.1M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$68.2M$84.5M$116.1M$164.3M$169.2M$121.4M
Residential mortgage loan sales$0.0$0.0$66.8M——$12.9M
Proceeds From Sale Of Real Estate Heldforinvestment$44.6M$13.1M———$0.0
Real estate operating expenses$9.6M$8.8M$10.3M$11.4M$10.0M$11.3M
Stock-based compensation$2.2M$11.2M$3.0M$3.0M$3.1M$14.2M
Cash Dividends on Common Stock$28.9M$30.7M$29.0M$28.8M$28.8M$30.5M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest and fee income, loans and leases$4.8M$5.3M$2.8M$3.9M$3.0M$1.4M
Interest and Fee Income on Loans and Leases$4.8M$5.3M$2.8M$3.9M$3.0M$1.4M
Interest and Fee Income on Loans and Leases$4.8M$5.3M$2.8M$3.9M$3.0M$1.4M
Gain (loss) on sale of loans—$162.0K$4.9M-$377.0K$16.0K$73.0K
Interest and fee income, loans and leases$4.8M$5.3M$2.8M$3.9M$3.0M$1.4M
Interest and Fee Income, Loans and Leases$4.8M$5.3M$2.8M$3.9M$3.0M$1.4M
Net interest income$27.2M$20.3M$21.5M$27.8M$22.3M$23.0M
Net interest income after provision for credit losses$27.2M$20.4M$21.6M$27.8M$22.3M$23.0M
Rental income$23.4M$21.8M$25.8M$26.7M$25.1M$27.3M
Total interest income$78.1M$64.3M$62.7M$71.8M$68.1M$74.2M
Total revenue$23.4M$21.8M$25.8M$26.7M$25.1M$27.3M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.25$0.09$0.14$0.15$0.13$0.02
Diluted earnings per share$0.25$0.09$0.14$0.15$0.13$0.02
Weighted-average shares, basic—125.6M125.8M125.3M—125.4M
Weighted-average shares, diluted28.2K126.3M126.2M126.1M—126M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on extinguishment of debt$0.0$256.0K$1.0K-$106.0K$0.0$0.0
Gain (loss) on disposal of assets$12.4M$3.8M$0.0$0.0$0.0$0.0
Net Gain (Loss) on Derivative Instruments$1.5M$323.0K$1.5M$21.0K$0.0$350.0K
Interest expense$50.9M$44.0M$41.2M$44.0M$45.7M$51.2M
Net investment gains (losses)$1.5M$323.0K$1.5M$21.0K$0.0$350.0K
Gain on retained interest in Sandisk-$925.0K$687.0K$103.0K—$136.0K-$1.9M
Other income (expense), net$41.4M$30.9M$34.7M$29.7M$28.1M$28.9M
Amortization of Debt Discount (Premium)-$209.0K-$178.0K-$152.0K-$163.0K-$159.0K-$151.0K

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$33.0M$10.7M$20.8M$20.1M$15.5M$3.2M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$1.7M-$838.0K$3.7M$960.0K$0.0$566.0K

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$31.3M$11.6M$17.1M$19.2M$15.9M$2.6M