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Income Before Tax

Pre-Tax Income

MFA Financial Pre-Tax Income decreased by 101.8% to -$984K in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 102.4%, from $40.3M to -$984K. Over 3 years (FY 2022 to FY 2025), Pre-Tax Income shows an upward trend with a -8.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement
SectionIncome Before Tax
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ1 2022
Last reportedQ1 2026May 5, 2026

How to read this metric

Higher values indicate stronger operational performance and profitability, while lower values suggest operational challenges or high non-operating costs.

Detailed definition

This represents the company's profitability after all operating and non-operating expenses have been deducted, but befor...

Peer comparison

Commonly used to compare core earnings power across companies with different tax profiles.

Metric ID: income_before_tax

Historical Data

17 periods
 Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value-$58.11M-$58.11M-$58.11M-$58.11M$73.34M-$26.29M-$56.34M$89.73M$24.26M$42.29M$49.7M$3.44M$40.3M$33.42M$48M$54.32M-$984K
QoQ Change+0.0%+0.0%+0.0%+226.2%-135.8%-114.4%+259.3%-73.0%+74.3%+17.5%-93.1%>999%-17.1%+43.6%+13.2%-101.8%
YoY Change+226.2%+54.8%+3.0%+254.4%-66.9%+260.9%+188.2%-96.2%+66.1%-21.0%-3.4%>999%-102.4%
Range-$58.11M$89.73M
CAGR-63.9%
Avg YoY Growth+172.6%
Median YoY Growth+54.8%

Business Segments

View all
SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Mortgage-Related Assets$61.22M$73.19M$4.08M$56.18M$40.4M$65.08M$75.87M$26.14M
Lima One$4.89M$260K$20.32M$5.38M$8.76M$2.79M-$3.36M
Total$42.29M$49.7M$3.44M$40.3M$33.42M$48M$54.32M-$984K

Frequently Asked Questions

What is MFA Financial's pre-tax income?
MFA Financial (MFA) reported pre-tax income of -$984K in Q1 2026.
How has MFA Financial's pre-tax income changed year-over-year?
MFA Financial's pre-tax income decreased by 102.4% year-over-year, from $40.3M to -$984K.
What is the long-term trend for MFA Financial's pre-tax income?
Over 3 years (2022 to 2025), MFA Financial's pre-tax income has grown at a -8.8% compound annual growth rate (CAGR), from -$232.43M to $176.05M.
What does pre-tax income mean?
Profitability generated by the business before accounting for tax obligations.