AGNC Investment Corp. (AGNC) Balance Sheet
AGNC balance sheet, 2025
December 31, 2025 · U.S. dollars$115.08B assets = $102.68B liabilities + $12.39B equity
Both columns are drawn to the same scale: what AGNC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AGNC financial health
Descriptive bands, not a rating. Fiscal 2025.
AGNC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $56.88B2016 | $115.08B2025 | +8.1%/yr | |
| Total liabilities | $49.52B2016 | $102.68B2025 | +8.4%/yr | |
| Shareholders’ equity | $7.36B2016 | $12.39B2025 | +6.0%/yr | |
| Cash & short-term investments | $1.21B2016 | $450.0M2025 | −10.4%/yr | |
| Total debt | $49.25B2016 | $101.79B2025 | +8.4%/yr | |
| Net cash (debt) | −$48.04B2016 | −$101.34B2025 | −$53.3B | |
| Working capital | $5.88B2016 | −$100.37B2025 | −$106.2B | |
| Book value per share | $22.162016 | $12.112025 | −6.5%/yr | |
| Current ratio | 1.122016 | 0.022025 | −1.10 | |
| Debt / equity | 6.692016 | 8.212025 | +1.52 | |
| Shares outstanding | 331.9M2016 | 1.02B2025 | +13.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AGNC assets
AGNC liabilities and equity
AGNC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AGNC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $450.0M | $505.0M | $518.0M | $2.33B | $998.0M | $1.02B | $831.0M | $921.0M | $1.05B | $1.21B |
| Cash & equivalents | $450.0M | $505.0M | $518.0M | $2.33B | $998.0M | $1.02B | $831.0M | $921.0M | $1.05B | $1.21B |
| Short-term investments | $152.0M | $17.14B | −$4.03B | $120.0M | $10.47B | $210.0M | $10.18B | $489.0M | $876.0M | $346.0M |
| Receivables | $16.77B | $17.14B | $11.62B | $6.74B | $10.47B | $210.0M | $10.18B | $489.0M | $10.96B | $21.0M |
| Inventory | $0 | $0 | $1.77B | $9.08B | $1.52B | $14.28B | $1.28B | $0 | −$10.96B | $0 |
| Other current assets | $0 | $1.47B | $0 | $0 | $0 | $0 | $0 | $21.32B | $44.61B | $53.71B |
| Total current assets | $1.74B | $19.11B | $518.0M | $9.69B | $998.0M | $1.23B | $831.0M | $22.73B | $45.66B | $54.94B |
| Property, plant & equipment (net) | $0 | $0 | −$71.60B | −$9.94B | −$12.73B | −$14.88B | −$12.02B | −$109.24B | −$70.38B | −$56.88B |
| Goodwill & intangible assets | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $1.05B | $1.10B | $1.11B |
| Long-term investments | $7.41B | $5.58B | $4.24B | $41.28B | $54.89B | $66.41B | $97.0M | $821.0M | $241.0M | $479.0M |
| Other non-current assets | $105.40B | $62.80B | $137.91B | $10.19B | $24.46B | $28.53B | $123.64B | $193.88B | $93.75B | $57.23B |
| Total assets | $115.08B | $88.02B | $71.60B | $51.75B | $68.15B | $81.82B | $113.08B | $109.24B | $70.38B | $56.88B |
| Liabilities | ||||||||||
| Accounts payable | — | — | $210.0M | $302.0M | $400.0M | $219.0M | $424.0M | $518.0M | $299.0M | $211.0M |
| Short-term debt | $101.74B | $60.89B | $61.32B | $42.80B | $57.08B | $64.09B | $96.30B | $75.72B | $50.30B | $40.90B |
| Deferred revenue | — | — | $61.11B | −$42.31B | −$56.68B | −$63.87B | −$95.88B | −$3.10B | −$4.88B | −$5.79B |
| Total current liabilities | $102.11B | $217.0M | $61.32B | $43.68B | $400.0M | $219.0M | $424.0M | $99.06B | $61.27B | $49.06B |
| Long-term debt | $56.0M | $64.0M | $80.0M | $95.0M | $9.91B | $11.91B | $2.55B | $21.79B | $10.85B | $8.35B |
| Other long-term liabilities | $515.0M | $404.0M | $0 | $391.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $102.68B | $78.25B | $63.34B | $43.88B | $57.86B | $70.74B | $102.04B | $99.33B | $61.62B | $49.52B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $11.0M | $9.0M | $7.0M | $6.0M | $5.0M | $5.0M | $5.0M | $5.0M | $4.0M | $3.0M |
| Retained earnings (deficit) | −$8.52B | −$8.55B | −$8.15B | −$7.28B | −$5.21B | −$5.11B | −$3.89B | −$3.43B | −$2.56B | −$2.52B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$323.0M | −$591.0M | −$517.0M | −$672.0M | $301.0M | $719.0M | $97.0M | −$943.0M | −$345.0M | −$397.0M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $12.39B | $9.76B | $8.26B | $7.87B | $10.29B | $11.08B | $11.04B | $9.91B | $8.75B | $7.36B |
| Key figures | ||||||||||
| Total debt | $101.79B | $64.0M | $80.0M | $42.89B | $66.99B | $76.00B | $98.86B | $97.51B | $61.15B | $49.25B |
| Net cash (debt) | −$101.34B | $441.0M | $438.0M | −$40.56B | −$65.99B | −$74.98B | −$98.03B | −$96.59B | −$60.10B | −$48.04B |
| Working capital | −$100.37B | $18.90B | −$60.80B | −$33.99B | $598.0M | $1.01B | $407.0M | −$76.33B | −$15.61B | $5.88B |
| Tangible book value | $11.87B | $9.24B | $7.73B | $7.34B | $9.77B | $10.55B | $10.52B | $8.85B | $7.65B | $6.25B |
| Book value per share | $12.11 | $12.42 | $11.89 | $14.66 | $19.42 | $20.09 | $20.39 | $22.44 | $24.40 | $22.16 |
| Shares outstanding | 1.02B | 786.0M | 694.3M | 537.0M | 530.0M | 551.6M | 541.4M | 441.4M | 358.7M | 331.9M |
| Current ratio | 0.02 | 88.08 | 0.01 | 0.22 | 2.50 | 5.60 | 1.96 | 0.23 | 0.75 | 1.12 |
| Quick ratio | 0.17 | 81.30 | 0.20 | 0.21 | 28.68 | 5.60 | 25.97 | 0.01 | 0.20 | 0.03 |
| Debt / equity | 8.21 | 0.01 | 0.01 | 5.45 | 6.51 | 6.86 | 8.95 | 9.84 | 6.99 | 6.69 |
| Equity / assets | 10.8% | 11.1% | 11.5% | 15.2% | 15.1% | 13.5% | 9.8% | 9.1% | 12.4% | 12.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $457.0M | $493.0M | $450.0M | $450.0M | $656.0M | $455.0M | $505.0M | $507.0M | $530.0M | $505.0M | $518.0M | $1.88B |
| Cash & equivalents | $457.0M | $493.0M | $450.0M | $450.0M | $656.0M | $455.0M | $505.0M | $507.0M | $530.0M | $505.0M | $518.0M | $1.88B |
| Short-term investments | $401.0M | $97.79B | $152.0M | $1.50B | — | $909.0M | $17.14B | $1.71B | $13.66B | $12.42B | −$4.03B | $8.90B |
| Receivables | $0 | $0 | $16.77B | $1.50B | $21.36B | $1.0M | $17.14B | $1.71B | $13.66B | $5.0M | $11.62B | $9.21B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.77B | $11.09B |
| Other current assets | $1.33B | $1.86B | $0 | $0 | $0 | $19.87B | $0 | $14.93B | $1.51B | $13.88B | $0 | $0 |
| Total current assets | $1.79B | $2.36B | $1.74B | $1.95B | $656.0M | $20.33B | $505.0M | $17.14B | $15.70B | $14.39B | $518.0M | $804.0M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M | $526.0M |
| Long-term investments | $7.19B | $7.49B | $7.41B | $8.01B | $6.00B | $7.26B | $5.58B | $5.79B | $4.85B | $6.03B | $4.24B | $57.21B |
| Other non-current assets | $112.26B | $108.53B | $105.40B | $98.48B | $94.84B | $67.77B | $81.41B | $66.13B | $58.61B | $50.94B | $66.31B | $11.45B |
| Total assets | $121.76B | $118.90B | $115.08B | $108.97B | $102.02B | $95.89B | $88.02B | $89.59B | $79.69B | $71.88B | $71.60B | $69.99B |
| Liabilities | ||||||||||||
| Accounts payable | $626.0M | — | — | — | — | $1.84B | — | — | $208.0M | $636.0M | $210.0M | $701.0M |
| Short-term debt | $89.81B | $104.65B | $101.74B | $94.95B | $90.46B | $83.32B | — | $78.99B | $70.19B | $62.09B | $61.32B | $61.13B |
| Deferred revenue | — | — | — | — | — | — | — | — | −$13.18B | −$12.05B | $61.11B | −$60.69B |
| Total current liabilities | $107.66B | $105.76B | $102.11B | $97.38B | $91.51B | $85.38B | $77.78B | $79.50B | $70.59B | $63.22B | $61.32B | $62.38B |
| Long-term debt | $0 | $0 | $56.0M | $58.0M | $60.0M | $62.0M | $64.0M | $69.0M | $71.0M | $76.0M | $80.0M | $80.0M |
| Other long-term liabilities | $1.26B | $513.0M | $515.0M | $87.0M | $494.0M | $406.0M | $404.0M | $366.0M | $370.0M | $317.0M | $0 | $442.0M |
| Total liabilities | $109.22B | $106.72B | $102.68B | $97.53B | $91.67B | $85.85B | $78.25B | $79.93B | $71.03B | $63.30B | $63.34B | $62.54B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $12.0M | $11.0M | $11.0M | $11.0M | $10.0M | $9.0M | $9.0M | $8.0M | $8.0M | $7.0M | $7.0M | $6.0M |
| Retained earnings (deficit) | −$8.93B | −$9.12B | −$8.52B | −$9.04B | −$9.42B | −$8.87B | −$8.55B | −$8.32B | −$8.34B | −$7.99B | −$8.15B | −$8.28B |
| Accumulated other comprehensive income | −$338.0M | −$331.0M | −$323.0M | −$389.0M | −$450.0M | −$498.0M | −$591.0M | −$412.0M | −$612.0M | −$594.0M | −$517.0M | −$808.0M |
| Total shareholders' equity | $12.54B | $12.18B | $12.39B | $11.44B | $10.35B | $10.04B | $9.76B | $9.66B | $8.65B | $8.58B | $8.26B | $7.45B |
| Key figures | ||||||||||||
| Total debt | $89.81B | $104.65B | $101.79B | $58.0M | $60.0M | $62.0M | $64.0M | $69.0M | $71.0M | $76.0M | $80.0M | $61.21B |
| Net cash (debt) | −$89.35B | −$104.16B | −$101.34B | $392.0M | $596.0M | $393.0M | $441.0M | $438.0M | $459.0M | $429.0M | $438.0M | −$59.33B |
| Working capital | −$105.88B | −$103.41B | −$100.37B | −$95.43B | −$90.85B | −$65.05B | −$77.28B | −$62.36B | −$54.89B | −$48.84B | −$60.80B | −$61.58B |
| Tangible book value | $12.02B | $11.65B | $11.87B | $10.92B | $9.82B | $9.52B | $9.24B | $9.13B | $8.13B | $8.05B | $7.73B | $6.92B |
| Book value per share | $10.79 | $10.85 | $11.32 | $10.83 | $10.17 | $10.89 | $11.01 | $11.92 | $11.69 | $12.18 | $11.89 | $11.98 |
| Shares outstanding | 1.16B | 1.12B | 1.09B | 1.06B | 1.02B | 921.9M | 886.5M | 810.1M | 740.0M | 704.2M | 694.3M | 622.0M |
| Current ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.24 | 0.01 | 0.22 | 0.22 | 0.23 | 0.01 | 0.01 |
| Quick ratio | 0.00 | 0.00 | 0.17 | 0.02 | 0.24 | 0.01 | 0.23 | 0.03 | 0.20 | 0.01 | 0.20 | 0.18 |
| Debt / equity | 7.16 | 8.59 | 8.21 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 8.22 |
| Equity / assets | 10.3% | 10.2% | 10.8% | 10.5% | 10.1% | 10.5% | 11.1% | 10.8% | 10.9% | 11.9% | 11.5% | 10.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 23, 2026); data from EODHD.
AGNC financial position
At the end of fiscal 2025 (December 31, 2025), AGNC Investment had total assets of $115.1 billion (up 30.7% from a year earlier), total liabilities of $102.7 billion and shareholders' equity of $12.4 billion. It held $450.0 million in cash and short-term investments against $101.8 billion of debt, net debt of $101.3 billion. Its current ratio was 0.02. In the latest quarter (ended June 30, 2026) total assets were $121.8 billion and equity $12.5 billion.
Related: AGNC income statement, AGNC cash flow statement, AGNC key metrics. See the AGNC stock overview for the latest quote and news.
AGNC balance sheet FAQ
What are AGNC Investment's total assets?
AGNC Investment reported total assets of $115.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $88.0 billion a year earlier.
How much debt does AGNC Investment have?
AGNC Investment had $101.8 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 8.21.
How much cash does AGNC Investment have?
AGNC Investment held $450.0 million in cash and short-term investments at the end of fiscal 2025; with $101.8 billion of debt that is net debt of $101.3 billion.
What is AGNC Investment's book value?
AGNC Investment's shareholders' equity (book value) was $12.4 billion at the end of fiscal 2025, or $12.11 per share.
What is AGNC Investment's current ratio?
AGNC Investment had current assets of $1.7 billion and current liabilities of $102.1 billion, a current ratio of 0.02 (current liabilities exceed current assets).
How much goodwill does AGNC Investment have?
AGNC Investment carried $526.0 million of goodwill and intangible assets, 0.5% of total assets, at the end of fiscal 2025.