MFA · Mfa Financial, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | $13.04M | - |
| Total Operating Expenses | $44.53M | - | $39.47M | $39.31M | $41.60M | - | $43.15M | $42.10M | $46.35M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | ($984.0K) | - | $48.00M | $33.42M | $24.26M | - | $49.70M | ($26.29M) | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | $129.02M | - |
| Income Tax | $0 | - | ($101.0K) | $238.0K | ($872.0K) | - | $1.52M | $346.0K | $1.05M | - |
| Net Income | ($984.0K) | - | $48.10M | $33.18M | $41.18M | - | $48.18M | $41.95M | $23.21M | - |
| EPS - Basic | ($0.11) | - | $0.36 | $0.22 | $0.32 | - | $0.38 | $0.32 | $0.14 | - |
| EPS - Diluted | ($0.11) | - | $0.35 | $0.21 | $0.31 | - | $0.37 | $0.32 | $0.14 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $221.57M | $213.21M | $305.17M | $275.73M | $253.71M | $338.93M | $305.56M | $289.41M | $306.27M | $318.00M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $13.23B | $13.05B | $12.10B | $11.67B | $11.52B | $11.41B | $11.16B | $11.08B | $10.87B | $10.77B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $11.45B | $11.22B | $10.28B | $9.85B | $9.68B | $9.57B | $9.28B | $9.19B | $8.99B | $8.87B |
| Stockholders' Equity | $1.78B | $1.83B | $1.82B | $1.82B | $1.84B | $1.84B | $1.88B | $1.88B | $1.88B | $1.90B |
| Retained Earnings | ($1.94B) | ($1.90B) | ($1.90B) | ($1.90B) | ($1.88B) | ($1.88B) | ($1.84B) | ($1.84B) | ($1.84B) | ($1.82B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $71.07M | - | - | - | ($14.56M) | - | - | - | $53.47M | - |
| Investing Cash Flow | ($225.61M) | - | - | - | ($251.55M) | - | - | - | ($91.40M) | - |
| Financing Cash Flow | $178.69M | - | - | - | $138.09M | - | - | - | $78.89M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | -0.2% | 0.7% | -2.2% | - | 3.1% | 0.8% | 4.3% | - |
| Return on assets | -0.0% | - | 0.4% | 0.3% | 0.4% | - | 0.4% | 0.4% | 0.2% | - |
| Return on equity | -0.1% | - | 2.6% | 1.8% | 2.2% | - | 2.6% | 2.2% | 1.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 7.44 | 7.14 | 6.64 | 6.41 | 6.27 | 6.19 | 5.93 | 5.88 | 5.77 | 5.67 |
| Liabilities / Assets | 0.87 | 0.86 | 0.85 | 0.84 | 0.84 | 0.84 | 0.83 | 0.83 | 0.83 | 0.82 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 26.3x | 45.0x | 33.1x | - | 34.4x | 33.3x | 81.5x | - |
| P / B | 0.6x | - | 0.5x | 0.5x | 0.6x | - | 0.7x | 0.6x | 0.6x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -3.4% | - | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | -0.2% | -20.9% | 77.4% | - | - | - | -68.1% | - |
| EPS growth (YoY) | - | - | -5.4% | -34.4% | 121.4% | - | - | - | -77.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | 11.1% | 35.0% | -6.3% | - |
| EPS CAGR (5y) | - | - | 15.5% | 2.0% | - | - | 14.3% | 9.9% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -3.2% | -0.8% | -3.1% | -3.2% | -2.4% | -3.1% | 1.7% | -3.2% | -6.7% | -4.5% |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing MFA FINANCIAL against the 5 most active filers in the same SIC group.
Dividends
$1.44/share trailing 12 months · +2.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.3600 |
| Dec 31, 2025 | $0.3600 |
| Sep 30, 2025 | $0.3600 |
| Jun 30, 2025 | $0.3600 |
| Mar 31, 2025 | $0.3600 |
| Dec 31, 2024 | $0.3500 |
| Sep 27, 2024 | $0.3500 |
| Jun 28, 2024 | $0.3500 |
| Mar 27, 2024 | $0.3500 |
| Dec 28, 2023 | $0.3500 |
| Sep 29, 2023 | $0.3500 |
| Jun 29, 2023 | $0.3500 |
| Mar 30, 2023 | $0.3500 |
| Dec 29, 2022 | $0.3500 |
| Sep 29, 2022 | $0.4400 |
| Jun 29, 2022 | $0.4400 |
| Mar 21, 2022 | $0.4400 |
| Dec 30, 2021 | $0.4400 |
| Sep 29, 2021 | $0.4000 |
| Jun 29, 2021 | $0.4000 |
| Mar 30, 2021 | $0.3000 |
| Dec 29, 2020 | $0.3000 |
| Sep 29, 2020 | $0.2000 |
| Mar 30, 2020 | $0.8000 |