Invesco Mortgage Capital Inc

invescomortgagecapital.com

What Do They Do?

Invests in, finances and manages mortgage-backed securities tied to residential and commercial property, aiming to provide returns to stockholders.

How Do They Make Money?

Mortgage borrowers’ monthly principal and interest payments flow through its mortgage-backed securities. The company earns income on its mortgage assets, with net interest income depending on the returns on those assets relative to funding costs.

FY2025 revenue

Do Revenues Turn Into Profits?

Yes. It kept 34 cents of every revenue dollar as net income in FY2025.

Net income, FY2025

34% of revenue

▲ +69% vs FY2024 ($59.9M, 21%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +21%; vs $70.6M in Q2 FY2025
Net income: ▲ Now profitable; vs −$23.3M in Q2 FY2025

Growing. Revenue grew 75% in 4 years, from $169.2M in FY2021 to $295.3M in FY2025, about 15% a year.

Portfolio mix The earlier report described current holdings of Agency and non-Agency residential and commercial mortgage-backed securities and forward contracts; the latest report lists Agency residential and commercial mortgage-backed securities as current holdings.

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