LADR · XBRL financial data

Ladder Capital financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (LADR's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Total operating expenses	4*	5	5	5	5*	5	5	5	5*	5	5	5
Interest income	—	—	—	—	—	—	—	—	—	—	4	—
Interest expense	61*	59	—	—	—	—	—	6	—	—	—	6
Income tax expense (benefit)	(1)*	2	(1)	1	2*	(1)	4	1	(0)*	1	2	1
Earnings per share, basic USD per share	—	0.13	0.26	0.22	—	0.09	0.14	0.15	—	0.02	0.12	0.53
Earnings per share, diluted USD per share	—	0.13	0.26	0.22	—	0.09	0.14	0.15	—	0.02	0.12	0.53
Weighted average shares, basic millions of shares	125*	125	126	126	126*	126	126	125	—	125	125	124
Weighted average shares, diluted millions of shares	125*	126	126	126	126*	126	126	126	—	126	125	125

Fiscal quarters (LADR's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	1,016	1,220	1,196	1,607	1,323	480	135	49	38	33	38	42
Right-of-use asset	15	14	14	14	16	16	15	14	13	13	12	12
Total assets	5,513	5,323	5,048	5,379	4,845	4,470	4,457	4,687	5,153	5,607	5,606	6,045
Total liabilities	3,980	3,799	3,520	3,848	3,312	2,956	2,957	3,193	3,671	4,162	4,180	4,584
Accumulated deficit	(198)	(211)	(208)	(209)	(207)	(225)	(237)	(247)	(260)	(287)	(301)	(265)
Total stockholders' equity	1,533	1,525	1,530	1,533	1,535	1,517	1,503	1,496	1,484	1,447	1,429	1,463
Total liabilities and equity	5,513	5,323	5,048	5,379	4,845	4,470	4,457	4,687	5,153	5,607	5,606	6,045

Fiscal quarters (LADR's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Stock-based compensation	3*	10	3*	3*	2*	11	3*	3*	3*	14	4*	4*
Depreciation and amortization	8*	8	8	8	7*	7	8	8	8*	9	9	8
Net cash from operating activities	58*	(20)	45*	169*	(60)*	(29)	44*	26*	45*	(8)	39*	11*
Net cash from investing activities	191*	337	250*	147*	199*	(374)	(406)*	(291)*	(536)*	(451)	24*	(306)*
Proceeds from issuing common stock	0*	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0*	1	0*	1*	4*	2	7*	2*	1*	13	8*	8*
Net cash from financing activities	(41)*	(160)	(320)*	176*	(492)*	(410)	(23)*	180*	481*	458	(61)*	303*
Net change in cash	208*	157	(25)*	492*	(353)*	(813)	(385)*	(85)*	(10)*	(1)	3*	9*

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Ladder Capital	42	not reported	11*	not reported	—	Q3 FY26 10-QSep 30, 2026
Veris Residential	9.4	70	14	93.8M	—	Q1 FY26 10-QMar 31, 2026
Apartment Investment & Management	70	not reported	not reported	145.2M	—	Q2 FY26 10-QJun 30, 2026
Pebblebrook Hotel Trust	288	403	85*	111.7M	—	Q3 FY26 10-QSep 30, 2026
Sila Realty Trust	31	53	29	55.2M	—	Q1 FY26 10-QMar 31, 2026
Alexander & Baldwin	11	51*	13*	72.9M	—	Q4 FY25 10-KDec 31, 2025
Apollo Commercial Real Estate Finance	1,239	44	34*	128.2M	—	Q2 FY26 10-QJun 30, 2026
Chimera Investment	444	not reported	(339)*	83.7M	1.3 quarters	Q2 FY26 10-QJun 30, 2026
JBG SMITH Properties	75	129	16*	not reported	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.