MFA · XBRL financial data
Mfa Financial financial statements, every fiscal year
The same tables from 6 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
CSVFiscal years (MFA's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| General and administrative | — | 86 | 113 | — | — | — |
| Other operating income (expense) | (19) | 30 | 9 | 11 | 0 | (19) |
| Interest expense | 269 | 120 | 259 | 429 | — | — |
| Income tax expense (benefit) | 0 | 3 | (1) | 0 | 0 | (1) |
| Net income (loss) | (679) | 329 | (232) | 80 | 119 | 177 |
| Earnings per share, basic‡ USD per share | (25.12) | 10.72 | (2.57) | 0.46 | 0.83 | 1.31 |
| Earnings per share, diluted‡ USD per share | (25.12) | 10.56 | (2.57) | 0.46 | 0.82 | 1.30 |
| Weighted average shares, basic‡ millions of shares | 28 | 28 | 103 | 102 | 103 | 104 |
| Weighted average shares, diluted‡ millions of shares | 28 | 30 | 103 | 104 | 105 | 104 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (March 2021); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (April 2022); filings made before it reported them unadjusted.
Balance sheet
CSVFiscal years (MFA's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 814 | 305 | 334 | 318 | 339 | 213 |
| Right-of-use asset | 1 | 39 | 39 | 38 | 35 | 43 |
| Goodwill | 0 | 61 | 61 | 61 | 61 | 61 |
| Total assets | 6,932 | 9,140 | 9,112 | 10,773 | 11,410 | 13,046 |
| Total liabilities | 4,407 | 6,597 | 7,124 | 8,873 | 9,568 | 11,219 |
| Accumulated deficit | (1,405) | (1,279) | (1,718) | (1,818) | (1,880) | (1,896) |
| Total stockholders' equity | 2,525 | 2,543 | 1,989 | 1,900 | 1,842 | 1,828 |
| Total liabilities and equity | 6,932 | 9,140 | 9,112 | 10,773 | 11,410 | 13,046 |
| Common shares outstanding (cover page)‡ millions of shares | 28 | 27 | 102 | 102 | 103 | 102 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (March 2021); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (April 2022); filings made before it reported them unadjusted.
Cash flows
CSVFiscal years (MFA's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (679) | 329 | (232) | 80 | 119 | 177 |
| Net cash from operating activities | 38 | 120 | 366 | 109 | 200 | 76 |
| Purchases of property and equipment | 5 | 12 | 0 | — | — | — |
| Net cash from investing activities | 6,384 | (2,167) | (1,127) | (1,550) | (425) | (1,786) |
| Proceeds from issuing common stock | 7 | 2 | 1 | (0) | (0) | (0) |
| Share repurchases | 51 | 86 | 102 | 0 | 1 | 15 |
| Dividends paid | 114 | 156 | 184 | 143 | 144 | 148 |
| Net cash from financing activities | (5,735) | 1,630 | 850 | 1,435 | 338 | 1,495 |
| Net change in cash | 687 | (417) | 90 | (6) | 113 | (215) |
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