NLY
$18.70-1.01%
as of close, Oct 1, 2026
☾ AH $18.70 -1.01%
Annaly Capital Management Inc.Stock · Real EstateRussell 1000 0.02%US Stock Market 0.02%Russell 3000 0.02%MSCI World 0.02%MSCI ACWI 0.02%
NLY financial statements
The full income statement, balance sheet, and cash-flow statement for Annaly Capital Management Inc. (NLY), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 501.0M2024-09 560.5M2024-12 578.4M2025-03 605.1M2025-06 642.1M2025-09 683.0M2025-12 718.4M2026-03 732.8M2026-06 753.7M+50.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Selling, general & administrative | 200M+16.5% | 171M+5.4% | 163M-0.1% | 163M-12.5% | 186M-16.3% | |
| General & administrative | 200M+16.5% | 171M+5.4% | 163M-0.1% | 163M-12.5% | 186M-16.3% | |
| Amortization of intangibles | 2.69M+0.0% | 2.69M-8.7% | 2.95M-13.5% | 3.40M-52.8% | 7.21M-31.2% | |
| Provision for credit losses | — | — | — | — | -145M-198.3% | |
| Interest expense | 4.82B+5.0% | 4.59B+19.5% | 3.84B+193.4% | 1.31B+425.5% | 249M-72.3% | |
| Interest & investment income | 5.96B+23.1% | 4.84B+29.7% | 3.73B+34.3% | 2.78B+40.1% | 1.98B-11.1% | |
| Net interest income | 1.14B+358.2% | 248M+322.5% | -111M-107.6% | 1.47B-15.3% | 1.73B+30.3% | |
| Other non-operating income | 51.1M-46.2% | 94.9M+28.8% | 73.7M+1005.7% | 6.67M+472.3% | 1.17M+103.7% | |
| Equity-method income | -13.0M-323.7% | 5.79M+156.4% | -10.3M-189.7% | 11.5M+194.0% | -12.2M-72.2% | |
| Pre-tax income | 2.04B+99.1% | 1.03B+164.2% | -1.60B-190.2% | 1.77B-26.2% | 2.40B+361.5% | |
| Income tax | -6.87M-145.0% | 15.3M-61.3% | 39.4M-13.5% | 45.6M+874.8% | 4.67M+116.4% | |
| 2.03B+102.3% | 1.00B+161.0% | -1.64B-195.2% | 1.73B-27.8% | 2.39B+368.2% | ||
| Net income to non-controlling interest | 24.4M+147.7% | 9.86M+109.2% | 4.71M+330.5% | 1.09M-82.8% | 6.38M+359.0% | |
| Preferred dividends | 158M+2.2% | 155M+9.1% | 142M+28.1% | 111M+2.9% | 108M-24.3% | |
| Net income to common | 1.87B+120.6% | 847M+147.5% | -1.78B-210.5% | 1.61B-29.3% | 2.28B+320.9% | |
| $2.92+80.2% | $1.62+144.9% | -$3.61-192.1% | $3.92-38.7% | $6.39+318.8% | ||
| EPS (basic) | $2.92+80.2% | $1.62+144.9% | -$3.61-191.9% | $3.93-38.6% | $6.40+319.2% | |
| Weighted-avg shares (basic) | 640M+22.6% | 522M+5.5% | 495M+20.2% | 411M+15.3% | 357M+0.9% | |
| Weighted-avg shares (diluted) | 641M+22.6% | 523M+5.7% | 495M+20.1% | 412M+15.3% | 357M+1.0% | |
| Dividends per share | $0.70+7.7% | $0.65+0.0% | $0.65-26.1% | $0.88+0.0% | $0.88-75.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 2.04B+36.9% | 1.49B+5.4% | 1.41B-10.4% | 1.58B+17.5% | 1.34B+7.9% | |
| 136B+31.0% | 104B+11.1% | 93.2B+13.9% | 81.9B+6.6% | 76.8B-13.2% | ||
| Operating lease right-of-use | 26.5M-5.0% | 27.9M+369.4% | 5.95M-33.0% | 8.87M-15.8% | 10.5M-19.9% | |
| Goodwill | — | — | — | — | 0.00-100.0% | |
| Intangible assets | 6.73M-28.6% | 9.42M-22.2% | 12.1M-27.4% | 16.7M-31.2% | 24.2M-56.3% | |
| 119B+31.5% | 90.9B+11.0% | 81.9B+16.2% | 70.5B+10.9% | 63.6B-14.6% | ||
| Operating lease liability (total) | 33.1M+15.7% | 28.6M+281.3% | 7.51M-33.3% | 11.3M-17.9% | 13.7M-20.2% | |
| 16.1B+27.6% | 12.6B+12.0% | 11.3B-0.1% | 11.3B-14.4% | 13.2B-6.0% | ||
| Preferred stock | 1.80B+17.3% | 1.54B+0.0% | 1.54B+0.0% | 1.54B+0.0% | 1.54B+0.0% | |
| Common stock | 7.07M+22.2% | 5.78M+15.7% | 5.00M+6.8% | 4.68M+28.3% | 3.65M-73.9% | |
| Additional paid-in capital | 27.9B+10.6% | 25.3B+6.7% | 23.7B+3.0% | 23.0B+13.1% | 20.3B+2.9% | |
| Retained earnings | -13.2B+0.1% | -13.2B-4.4% | -12.6B-32.3% | -9.54B+1.1% | -9.65B+9.5% | |
| Accumulated other comprehensive income | -489M+52.0% | -1.02B+23.8% | -1.34B+64.0% | -3.71B-487.0% | 958M-71.6% | |
| Non-controlling interest | 69.1M-21.2% | 87.7M-1.8% | 89.3M-9.8% | 99.0M+288.2% | 25.5M+89.2% | |
| Total equity incl. non-controlling | 16.2B+27.3% | 12.7B+11.9% | 11.3B-0.2% | 11.4B-13.8% | 13.2B-5.9% | |
| Total liabilities & equity | 136B+31.0% | 104B+11.1% | 93.2B+13.9% | 81.9B+6.6% | 76.8B-13.2% | |
| Common shares issued | 707M+22.2% | 578M+15.7% | 500M+6.8% | 468M+28.3% | 365M+4.4% | |
| Common shares outstanding | 707M+22.2% | 578M+15.7% | 500M+6.8% | 468M+28.3% | 365M+4.4% | |
| Shares outstanding (cover) | 718M+24.2% | 578M+15.7% | 500M+1.3% | 494M+35.2% | 365M+4.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 693M-79.1% | 3.31B+39.9% | 2.37B-55.9% | 5.37B+74.6% | 3.08B+482.8% | ||
| Intangible amortization | 2.69M+0.0% | 2.69M-8.7% | 2.95M-13.5% | 3.40M-52.8% | 7.21M-31.2% | |
| Deferred income taxes | -6.91M-148.5% | 14.2M-63.8% | 39.4M-13.1% | 45.3M | — | |
| -27.4B-82.6% | -15.0B-78.1% | -8.42B+42.1% | -14.5B-396.5% | 4.90B-87.9% | ||
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 8.34B+22.1% | 6.83B+11.1% | 6.15B-35.5% | 9.54B-49.1% | 18.7B-4.2% | |
| 27.2B+131.7% | 11.8B+99.7% | 5.88B-37.3% | 9.39B+219.2% | -7.88B+81.0% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 2.91B+86.8% | 1.56B+131.3% | 674M-74.4% | 2.64B+377.4% | 552M+46897.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 495M+31.6% | 376M+15.7% | 325M-21.1% | 412M+28.3% | 321M+4.4% | |
| Net change in cash | 550M+624.6% | 75.9M+146.1% | -165M-170.1% | 235M+138.5% | 98.4M+116.2% | |
| Income taxes paid | 675K+140.0% | -1.69M-252.9% | 1.10M+324.4% | -492K+87.0% | -3.80M-350.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 16.1B+51.8% | 10.6B+9.3% | 9.69B-1.8% | 9.86B-13.6% | 11.4B-3.4% | |
| P/E | 7.9×-25.0% | 10.6× | — | 3.3×-31.9% | 4.8× | |
| P/B | 1.0×+18.9% | 0.8×-8.5% | 0.9×+1.0% | 0.9×+4.7% | 0.9×+2.8% | |
| Earnings yield | 12.6%+33.3% | 9.5% | — | 30.7%+46.8% | 20.9% | |
| Dividend yield | 3.1%-11.9% | 3.6%+5.8% | 3.4%-19.6% | 4.2%+48.4% | 2.8%-73.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: NLY’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NLY filings on SEC EDGAR → Not investment advice.