Invesco Mortgage Capital Inc. (IVR) Income Statement
IVR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsIVR revenue and net income
Where IVR's revenue goes
2025Each bar shows an amount and its share of revenue. IVR kept 29.8% of revenue as net income.
IVR profit margins
IVR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.2% | — | — | +8.7% |
| Gross profit | +51.5% | — | — | −2.0% |
| Operating income | +69.1% | — | — | −12.4% |
| Net income | +69.2% | — | — | −0.3% |
| EPS (diluted) | −19.5% | −24.3% | — | −18.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
IVR quarterly EPS vs estimates
Invesco Mortgage Capital beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.46).
IVR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $339.7M | $329.3M | $189.8M | $0 | $50.3M | $0 | $408.1M | $424.5M | $405.9M | $297.1M |
| Cost of revenue | $219.9M | $250.2M | $12.3M | $16.9M | $21.1M | $29.4M | $38.2M | $40.7M | $234.1M | $191.9M |
| Gross profit | $119.8M | $79.1M | $177.5M | −$377.6M | $29.3M | −$1.65B | $408.1M | $383.8M | $405.9M | $297.1M |
| Research & development | — | — | $0 | $1 | $2 | $2 | $1 | $0 | $0 | $0 |
| Sales, general & admin | $7.3M | $7.2M | $19.7M | $8.4M | $29.2M | $10.9M | $46.2M | $47.8M | $44.7M | $41.8M |
| Total operating expenses | $18.6M | $19.2M | $19.7M | $25.3M | $109.4M | −$1.65B | $408.1M | −$26.1M | $7.2M | $7.3M |
| Operating income | $101.3M | $59.9M | $222.8M | −$331.4M | −$80.2M | −$1.48B | $364.1M | −$70.5M | $545.2M | $411.8M |
| Interest income | $44.4M | $286.5M | $273.9M | $194.5M | $243.0M | $280.2M | $778.4M | $643.0M | $545.1M | $478.7M |
| Interest expense | $219.9M | $249.7M | $228.2M | $51.6M | $10.7M | $82.3M | $472.3M | $338.9M | $196.6M | $157.4M |
| Income before taxes | $101.3M | $59.9M | −$15.9M | −$402.9M | −$90.0M | −$1.67B | $364.1M | −$70.5M | $353.1M | $257.7M |
| Income taxes | — | — | $9.8M | $51.6M | −$8.1M | −$190.9M | −$473.9M | $254,000 | $4.5M | $3.3M |
| Net income | $101.3M | $59.9M | −$15.9M | −$402.9M | −$90.0M | −$1.67B | $364.1M | −$70.8M | $348.6M | $254.4M |
| EBITDA | $321.1M | $310.4M | $222.8M | −$331.7M | −$79.3M | −$1.48B | $342.5M | $242.9M | $545.2M | $411.8M |
| EPS (diluted) | $2.36 | $2.93 | $5.41 | $5.45 | $4.10 | −$101.21 | $19.20 | $17.30 | $16.54 | $15.79 |
| Gross margin | 35.3% | 24.0% | 93.5% | — | 58.1% | — | 100.0% | 90.4% | 100.0% | 100.0% |
| Operating margin | 29.8% | 18.2% | 117.4% | — | −159.3% | — | 89.2% | −16.6% | 134.3% | 138.6% |
| Net margin | 29.8% | 18.2% | −8.4% | — | −178.8% | — | 89.2% | −16.7% | 85.9% | 85.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $64.2M | $24.7M | $108.3M | $113.2M | $34.4M | $79.3M | $262.0M | $45.3M | $0 | $34.0M | $32.1M | $0 |
| Cost of revenue | $3.3M | $3.0M | $2.8M | $55.3M | $52.9M | $55.0M | $3.2M | $2.9M | $2.9M | $2.9M | $5,000 | $3.1M |
| Gross profit | $60.9M | $21.7M | $105.5M | $57.9M | −$18.5M | $24.3M | $258.8M | $45.3M | −$8.3M | $34.0M | $32.1M | −$63.8M |
| Sales, general & admin | $2.1M | $1.9M | $1.8M | $1.8M | $2.0M | $1.7M | $1.6M | $1.8M | $4.9M | $1.8M | $1.3M | $1.7M |
| Total operating expenses | −$29.5M | −$11.0M | −$2.6M | $4.5M | $4.9M | $4.7M | $4.8M | −$163.0M | $33.6M | $4.7M | −$49.8M | −$63.8M |
| Operating income | $90.3M | $32.7M | $108.1M | $53.5M | −$23.3M | $19.6M | $65.9M | $107.0M | $45.9M | $90.9M | $81.9M | $70.2M |
| Interest income | $85.4M | $79.6M | $34.8M | $72.9M | $36.2M | $73.8M | $76.1M | $73.8M | $68.0M | $68.6M | $62.1M | $75.1M |
| Interest expense | $55.3M | $52.6M | $56.6M | $55.3M | $52.9M | $55.0M | $62.4M | $66.3M | $59.4M | $61.6M | $53.8M | $65.7M |
| Income before taxes | $35.0M | −$19.9M | $51.5M | $53.5M | −$23.3M | $19.6M | $3.5M | $40.7M | −$13.5M | $29.1M | $27.2M | −$68.6M |
| Income taxes | — | — | — | — | — | — | — | $42.3M | −$208,000 | −$193,000 | $767,000 | $1.7M |
| Net income | $35.0M | −$19.9M | $51.5M | $53.5M | −$23.3M | $19.6M | $3.5M | $40.7M | −$13.5M | $29.1M | $27.2M | −$68.6M |
| EBITDA | $90.3M | $32.8M | $108.1M | $53.6M | −$23.2M | $19.8M | $65.9M | $107.2M | $45.9M | $90.9M | $91.0M | $73.4M |
| EPS (diluted) | $0.50 | −$0.28 | $0.56 | $0.58 | $0.58 | $0.64 | $0.53 | $0.68 | $0.86 | $0.86 | $0.95 | $1.51 |
| Gross margin | 94.8% | 88.0% | 97.4% | 51.2% | −53.6% | 30.6% | 98.8% | 100.0% | — | 100.0% | 100.0% | — |
| Operating margin | 140.7% | 132.3% | 99.8% | 47.2% | −67.7% | 24.8% | 25.2% | 236.1% | — | 267.3% | 255.4% | — |
| Net margin | 54.5% | −80.4% | 47.5% | 47.2% | −67.7% | 24.8% | 1.3% | 89.8% | — | 85.6% | 84.8% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in IVR's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
IVR financial results
In fiscal year 2025 (ended December 31, 2025), Invesco Mortgage Capital reported revenue of $339.7 million, up 3.2% from the year before. It had net income of $101.3 million (up 69.2%), a net profit margin of 29.8%. Diluted earnings per share came to $2.36.
See the IVR stock overview for the latest quote and news, or the IVR chart for price history and technical indicators.
IVR income statement FAQ
What is Invesco Mortgage Capital's annual revenue?
Invesco Mortgage Capital reported total revenue of $339.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 3.2% from $329.3 million the previous year.
Is Invesco Mortgage Capital profitable?
Yes. Invesco Mortgage Capital reported net income of $101.3 million in fiscal 2025, a net profit margin of 29.8%; its operating margin was 29.8%.
What is Invesco Mortgage Capital's gross margin?
Invesco Mortgage Capital's gross margin was 35.3% in fiscal 2025: for every $100 of revenue, Invesco Mortgage Capital kept $35 after the direct cost of its products and services.
What are Invesco Mortgage Capital's earnings per share?
Invesco Mortgage Capital earned $2.36 per diluted share in fiscal 2025, compared with $2.93 a year earlier.
When will Invesco Mortgage Capital report its next earnings?
Invesco Mortgage Capital is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Invesco Mortgage Capital's fiscal year end?
Invesco Mortgage Capital's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.