IVR FINANCIAL STATEMENTS

Invesco Mortgage Capital Inc — balance sheet, income statement and cash flow trends

IVRInvesco Mortgage Capital Inc

🇺🇸 USA · NYSE · Real Estate · REIT - Mortgage

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue280.7 M $-25.8%

Gross Profit166.8 M $-47.9%

Operating Income171 M $-28.3%

EBITDA171.3 M $-28.3%

Net Income61.8 M $+22.5%

Peer Comparison· REIT - Mortgage

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
IVR	-25.8%	59.4%	61.0%	22.0%
KUYAS	-14.0%	23.9%	-14.2%	-125.6%
ADGYO	8.7%	64.4%	57.5%	-87.4%
SVGYO	-36.8%	100.0%	43.1%	-141.7%
DAPGM	8.0%	74.8%	69.3%	12.0%
ISGYO	-45.2%	55.6%	55.3%	-22.5%
Industry median	19.5%	71.0%	61.0%	13.4%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
IVR	-25.8%	59.4%	61.0%	22.0%
BRSP	-1.2%	41.2%	7.2%	-9.6%
TRTX	0.8%	80.5%	80.5%	19.4%
FBRT	-6.4%	67.5%	41.2%	13.4%
NREF	11.0%	80.8%	104.2%	70.2%
RWT	136.7%	21.3%	20.9%	-8.1%
Industry median	19.5%	71.0%	61.0%	13.4%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity876.4 M $14%
Current Liabilities5.3 B $85%
Long-term Liabilities55.5 M $1%

Key Figures

YoY change

Total Assets6.3 B $+1.8%

Total Liabilities5.4 B $-0.1%

Total Equity876.4 M $+15.4%

Cash & ST Investments52.6 M $+22.6%

Total Debt5.3 B $-0.3%

Net Debt5.3 B $-0.5%

Peer Comparison· REIT - Mortgage

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
IVR	0.01	609.3%	30.86	14.0%
KUYAS	1.15	139.0%	-2.94	33.5%
ADGYO	16.59	0.8%	-1.38	83.4%
SVGYO	18.68	0.1%	-13.72	75.8%
DAPGM	2.22	17.3%	0.20	48.1%
ISGYO	1.84	2.5%	0.49	83.2%
Industry median	0.08	461.9%	20.67	15.8%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
IVR	0.01	609.3%	30.86	14.0%
BRSP	22.74	284.7%	105.72	25.2%
TRTX	5.24	316.7%	12.00	23.7%
FBRT	18.47	329.2%	20.25	22.1%
NREF	0.44	1,120.2%	28.16	7.4%
RWT	0.06	2,642.1%	104.55	3.6%
Industry median	0.08	461.9%	20.67	15.8%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow164.4 M $+13.4%

Capital Expenditures0 $—

Free Cash Flow164.4 M $+13.4%

Dividends Paid-127.5 M $-217.4%

Peer Comparison· REIT - Mortgage

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
IVR	58.6%	58.6%	0.0%	266.2%
KUYAS	-146.0%	-108.7%	23.4%	116.2%
ADGYO	178.7%	62.6%	5.8%	-204.4%
SVGYO	20.5%	20.9%	0.4%	-14.5%
DAPGM	-3.2%	-3.4%	0.0%	-27.1%
ISGYO	-23.4%	16.4%	0.3%	104.1%
Industry median	16.3%	14.1%	0.1%	57.6%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
IVR	58.6%	58.6%	0.0%	266.2%
BRSP	22.2%	22.2%	0.0%	-232.1%
TRTX	28.3%	26.0%	2.3%	146.2%
FBRT	22.7%	22.7%	0.1%	169.6%
NREF	11.0%	11.0%	0.0%	15.7%
RWT	-1,122.8%	-1,122.8%	0.0%	13,798.2%
Industry median	16.3%	14.1%	0.1%	57.6%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.