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Dynex Capital Cash Flow Statement

Operating, investing, and financing cash movements

Dynex Capital generated $184.3M in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$184.3MNet Cash From Investing (TTM)-$14.4BNet Cash From Financing (TTM)$14.9BDepreciation And Amortization Cf (TTM)$2.1MNet Change In Cash (TTM)$701.6M
Latest FilingQ1 2026
Report Date2026-04-27
Market Cap$2.8B
P/E Ratio11.48

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accrued investment income$780K$3.8M$6.6M$12.6M$12M$29.5M
Other working capital changes-$11.1M$7.5M——-$4.4M$9M
Depreciation and amortization$509K$496K$516K$544K$542K$545K
Net gains (losses) on investments-$223.2M$110M$33.7M$142.5M$84.7M-$251.8M
Net cash from operating activities$15.1M$6.4M$31.9M$68.3M$14.3M$69.8M
Net income$51.1M-$3.1M-$13.6M$150.4M$185.4M-$80.4M
Amortization$9.5M$8M$6.4M$6M$5.6M$6M
Collateral (posted) received, net-$7.9M$4.8M$24.5M——-$8.4M
Increase (Decrease) in Accrued Interest Receivable, Net$780K$3.8M$6.6M$12.6M$12M$29.5M
Increase Decrease In Interest Payable Net-$3.9M$2.2M$14M$49.7M—$36.2M
Depreciation and amortization$509K$496K$516K$544K$542K$545K
Gain (loss) on mark-to-market of Escrowed Shares$276.7M-$118.1M-$58.1M-$10.7M—$104.7M
Stock-based compensation$1.1M$2M$3M$3M$4.2M$7.7M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$20.5B$22.8B$34.4B$40.2B$46.6B$51.4B
Repayments of debt$20.4B$22.1B$33B$37B$44.4B$44.2B
Dividends paid$34.8M$41.6M$56.6M$69.6M$78.8M$102.5M
Payments Of Stock Issuance Costs$57.8K$0———$120K
Proceeds from issuance of commercial paper and other short-term borrowings$20.5B$22.8B——$46.6B$51.4B
Repayments of Short-Term Debt$20.4B$22.1B——$44.4B$44.2B
Net cash from financing activities$168.9M$868.5M$1.6B$3.3B$2.5B$7.5B
Proceeds from issuance of common stock$64.4M$239.7M$282.1M$254.1M$393.3M$441.7M
Taxes paid for net share settlement$1K$1.2M$0$441K$7K$2.4M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$85.5M$75.7M$74.6M$69.4M$148.9M$141.9M
Common stock issued for acquisition of NEX$168.5M$325.4M——$546M$347.1M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payments for (Proceeds from) Derivative Instrument, Investing Activities-$325M$137M$64.1M$32.6M—-$169M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$18M$60M$20.4M$23.6M$15.9M$18M
Fixed maturities, trading$134.5M$120.9M$186.4M$232.8M$292.7M$453.3M
Proceeds From Sale Of Trading Securities Heldforinvestment$3.4M$0$0$0$0$633.3M
Net cash from investing activities$0-$908.4M-$1.5B-$3.3B-$2.4B-$7.2B
Proceeds from maturities/sales of investments$18M$60M$20.4M$23.6M$15.9M$18M
Purchases of investments$437.8M$957.1M$1.7B$3.5B$2.8B$8.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash$215.9M-$33.5M$117.8M$118M$106.6M$359.3M
Unrealized Gain (Loss) on Investments-$223.2M$110M$33.7M$142.5M$84.7M-$251.8M