Dynex Capital, Inc. (DX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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DX Revenue Growth
DX Revenue Analysis (2014–2025)
As of May 6, 2026, Dynex Capital, Inc. (DX) generated trailing twelve-month (TTM) revenue of $420.9 million, reflecting explosive growth of +315.7% year-over-year. The most recent quarter (Q4 2025) recorded $250.8 million in revenue, up 54.5% sequentially.
Looking at the longer-term picture, DX's 5-year compound annual growth rate (CAGR) stands at +16.1%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $420.4 million in 2025, representing a new all-time high.
When compared to Real Estate sector peers including AGNC (+729.5% YoY), NLY (+5.4% YoY), and TWO (-0.2% YoY), DX has underperformed the peer group in terms of revenue growth. Compare DX vs AGNC →
DX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DXCurrent | $421M | +315.7% | +16.1% | 175.6% | |
 AGNC | $4.9B | +729.5% | +35.1% | 79.6% | |
 NLY | $6.7B | +5.4% | +35.2% | 102.6% | |
 TWO | $606M | -0.2% | - | 68.7% | |
 MFA | $875M | +25.6% | - | 78.8% | |
 ARR | $1.3B | +67.3% | - | 73.9% |
DX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $420.4M | +179.5% | $420.4M | 100.0% | $738.2M | 175.6% |
| 2024 | $150.4M | +462.2% | $150.4M | 100.0% | $115.8M | 77.0% |
| 2023 | $26.7M | -84.9% | $26.7M | 100.0% | $-3,979,000 | -14.9% |
| 2022 | $177.0M | +38.6% | $177.0M | 100.0% | $144.6M | 81.7% |
| 2021 | $127.7M | -36.0% | $127.7M | 100.0% | $103.6M | 81.1% |
| 2020 | $199.7M | +246.1% | $199.7M | 100.0% | $178.6M | 89.4% |
| 2019 | $-136,703,000 | -676.9% | $-136,703,000 | 100.0% | $-152,690,000 | 111.7% |
| 2018 | $23.7M | -52.5% | $23.7M | 100.0% | $8.6M | 36.3% |
| 2017 | $49.9M | -12.3% | $49.9M | 100.0% | $34.1M | 68.3% |
| 2016 | $56.9M | +67.3% | $56.9M | 100.0% | $42.2M | 74.2% |
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Start ComparisonDX — Frequently Asked Questions
Quick answers to the most common questions about buying DX stock.
Is DX's revenue growth accelerating or slowing?
DX revenue is accelerating at +315.7% year-over-year, exceeding the 5-year CAGR of +16.1%. TTM revenue reached $421M. Growth momentum has increased versus prior periods.
What is DX's long-term revenue growth rate?
Dynex Capital, Inc.'s 5-year revenue CAGR of +16.1% reflects the sustained expansion pattern. Current YoY growth of +315.7% is above this long-term average.
How is DX's revenue distributed by segment?
DX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.