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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net interest income      
Interest income $ 5,959,205 $ 4,840,034 $ 3,731,581
Interest expense 4,823,705 4,592,238 3,842,965
Net interest income 1,135,500 247,796 (111,384)
Net servicing income      
Servicing and related income 579,592 485,406 364,157
Servicing and related expense 60,273 49,469 37,652
Net servicing income 519,319 435,937 326,505
Other income (loss)      
Net gains (losses) on investments and other 1,745,670 (1,849,585) (2,125,618)
Net gains (losses) on derivatives (1,207,161) 2,269,301 400,092
Loan loss (provision) reversal 0 0 219
Other, net 51,121 94,935 73,716
Total other income (loss) 589,630 514,651 (1,651,591)
General and administrative expenses      
Compensation expense 151,552 130,403 119,592
Other general and administrative expenses 48,077 40,953 42,961
Total general and administrative expenses 199,629 171,356 162,553
Income (loss) before income taxes 2,044,820 1,027,028 (1,599,023)
Income taxes (6,870) 15,260 39,434
Net income (loss) 2,051,690 1,011,768 (1,638,457)
Net income (loss) attributable to noncontrolling interests 24,428 9,862 4,714
Net income (loss) attributable to Annaly 2,027,262 1,001,906 (1,643,171)
Dividends on preferred stock 157,931 154,551 141,676
Net income (loss) available (related) to common stockholders $ 1,869,331 $ 847,355 $ (1,784,847)
Net income (loss) per share available (related) to common stockholders      
Basic (in dollars per share) $ 2.92 $ 1.62 $ (3.61)
Diluted (in dollars per share) $ 2.92 $ 1.62 $ (3.61)
Weighted average number of common shares outstanding      
Basic (in shares) 639,513,399 521,737,554 494,541,323
Diluted (in shares) 641,042,741 522,747,610 494,541,323
Other comprehensive income (loss)      
Net income (loss) $ 2,051,690 $ 1,011,768 $ (1,638,457)
Unrealized gains (losses) on available-for-sale securities 386,709 (244,278) 580,680
Reclassification adjustment for net (gains) losses included in net income (loss) 142,407 561,996 1,792,816
Other comprehensive income (loss) 529,116 317,718 2,373,496
Comprehensive income (loss) 2,580,806 1,329,486 735,039
Comprehensive income (loss) attributable to noncontrolling interests 24,428 9,862 4,714
Comprehensive income (loss) attributable to Annaly 2,556,378 1,319,624 730,325
Comprehensive income (loss) attributable to common stockholders $ 2,398,447 $ 1,165,073 $ 588,649