10-Q quarterly report · filed Apr 27, 2026

DYNEX CAPITAL INC (DX) Q1 2026 10-Q Quarterly Report

Short answer

DYNEX CAPITAL INC (DX) filed its Q1 2026 10-Q quarterly report on Apr 27, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $257M (up 170.8% year over year) with net income of −$80M.

Q1 2026 key financials · XBRL

Revenue
$257M
+170.8% YoY
Net income
−$80M
−2512.5% YoY
EPS (diluted)
−$0.41
−583.3% YoY

Source: XBRL data from the DYNEX CAPITAL INC (DX) Q1 2026 10-Q on SEC EDGAR. USD.

DYNEX CAPITAL INC Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Total economic return $(0.34) per share; book value fell $(0.85), offset by $0.51 dividends
  • Comprehensive loss to common shareholders $83.2M; portfolio net loss $140M from widening mortgage spreads
  • Agency MBS portfolio increased $6B, or 27%; 5.5% coupon holdings reached $9.15B fair value
  • Capital deployment included $442M capital raised and $6B investments; repo borrowings increased to $21B from $14B
  • Financing costs declined 33 basis points sequentially; volatility and wider Agency MBS spreads remained key headwinds

Risk Factors

  • No material changes from 2025 Form 10-K risk factors
  • Forward-looking statement uncertainty potentially affecting financial condition, results of operations, and cash flows
  • Market and economic conditions influencing timing and feasibility of share repurchases under the $350 million program
  • Legal and regulatory requirements governing repurchases through April 30, 2028

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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