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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net interest income        
Interest income $ 1,418,893 $ 1,177,325 $ 2,736,001 $ 2,271,813
Interest expense 1,145,693 1,123,767 2,242,830 2,224,706
Net interest income 273,200 53,558 493,171 47,107
Net servicing income        
Servicing and related income 141,670 120,515 282,105 235,599
Servicing and related expense 14,571 12,617 28,684 24,833
Net servicing income 127,099 107,898 253,421 210,766
Other income (loss)        
Net gains (losses) on investments and other 83,503 (568,745) 894,315 (1,562,872)
Net gains (losses) on derivatives (388,785) 430,487 (1,366,652) 1,807,631
Other, net 15,812 24,791 23,210 48,158
Total other income (loss) (289,470) (113,467) (449,127) 292,917
General and administrative expenses        
Compensation expense 36,583 33,274 73,880 61,995
Other general and administrative expenses 13,435 11,617 24,202 21,466
Total general and administrative expenses 50,018 44,891 98,082 83,461
Income (loss) before income taxes 60,811 3,098 199,383 467,329
Income taxes 440 11,931 8,707 10,988
Net income (loss) 60,371 (8,833) 190,676 456,341
Net income (loss) attributable to noncontrolling interests 3,272 650 9,353 2,932
Net income (loss) attributable to Annaly 57,099 (9,483) 181,323 453,409
Dividends on preferred stock 37,260 37,158 74,417 74,219
Net income (loss) available (related) to common stockholders $ 19,839 $ (46,641) $ 106,906 $ 379,190
Net income (loss) per share available (related) to common stockholders        
Basic (in dollars per share) $ 0.03 $ (0.09) $ 0.18 $ 0.76
Diluted (in dollars per share) $ 0.03 $ (0.09) $ 0.18 $ 0.76
Weighted average number of common shares outstanding        
Basic (in shares) 620,208,712 500,950,563 603,770,531 500,781,701
Diluted (in shares) 621,103,218 500,950,563 604,882,295 501,415,515
Other comprehensive income (loss)        
Net income (loss) $ 60,371 $ (8,833) $ 190,676 $ 456,341
Unrealized gains (losses) on available-for-sale securities 33,559 (54,243) 198,436 (336,112)
Reclassification adjustment for net (gains) losses included in net income (loss) 13,797 179,234 79,200 514,585
Other comprehensive income (loss) 47,356 124,991 277,636 178,473
Comprehensive income (loss) 107,727 116,158 468,312 634,814
Comprehensive income (loss) attributable to noncontrolling interests 3,272 650 9,353 2,932
Comprehensive income (loss) attributable to Annaly 104,455 115,508 458,959 631,882
Dividends on preferred stock 37,260 37,158 74,417 74,219
Comprehensive income (loss) attributable to common stockholders $ 67,195 $ 78,350 $ 384,542 $ 557,663