Revenue: As of FY2026 Q1, the actual value is USD 1.05 B.EPS: As of FY2026 Q1, the actual value is USD -0.17.EBIT: As of FY2026 Q1, the actual value is USD -34 M.AGNC INVESTMENT CORP. operates as a single reportable segment, focusing on investments in Agency residential mortgage-backed securities (Agency RMBS) and other mortgage-related securities, funded primarily through repurchase agreements .<h4>Key Financial Highlights (Three Months Ended March 31, 2026 vs. 2025)</h4><ul><li>Net Income (Loss): The company reported a net loss of - $148 million for Q1 2026, a decrease from a net income of $50 million in Q1 2025 .</li><li>Net Income (Loss) Available (Attributable) to Common Stockholders: This figure was a loss of - $192 million in Q1 2026, compared to an income of $15 million in Q1 2025 .</li><li>Comprehensive Income (Loss): The comprehensive loss was - $156 million in Q1 2026, contrasting with a comprehensive income of $143 million in Q1 2025 .</li><li>Comprehensive Income (Loss) Available (Attributable) to Common Stockholders: The loss was - $200 million in Q1 2026, down from an income of $108 million in Q1 2025 .</li><li>Net Income (Loss) Per Common Share (Diluted): The diluted net loss per common share was - $0.17 in Q1 2026, compared to a diluted net income of $0.02 in Q1 2025 .</li><li>Comprehensive Income (Loss) Per Common Share (Diluted): The diluted comprehensive loss per common share was - $0.18 in Q1 2026, compared to an income of $0.12 in Q1 2025 .</li><li>Dividends Declared Per Common Share: Remained constant at $0.36 for both periods .</li></ul><h4>Operational Performance Metrics</h4><ul><li>Interest Income: Increased to $1,050 million in Q1 2026 from $846 million in Q1 2025 .</li><li>Interest Expense: Rose to $731 million in Q1 2026 from $687 million in Q1 2025 .</li><li>Net Interest Income: Increased to $319 million in Q1 2026 from $159 million in Q1 2025 .</li><li>Other Loss, Net: Worsened to - $433 million in Q1 2026 from - $81 million in Q1 2025 .</li><li>Operating Expenses: Increased to $34 million in Q1 2026 from $28 million in Q1 2025 .</li><li>Dividends on Preferred Stock: Increased to $44 million in Q1 2026 from $35 million in Q1 2025 .</li><li>Economic Return on Tangible Common Equity: Was -1.6% in Q1 2026, a decrease from 11.6% in Q4 2025 .</li><li>Net Spread and Dollar Roll Income (Non-GAAP): Was $0.42 per diluted common share for Q1 2026, up from $0.35 per diluted common share for Q4 2025, driven by a 25-basis point rise in net interest spread, greater allocation to interest rate swaps, lower repo funding costs, more favorable TBA implied financing levels, and a modest increase in asset portfolio yield .</li><li>Investment Portfolio: Totaled $94.7 billion as of March 31, 2026, stable compared to $94.8 billion as of December 31, 2025 . The weighted average coupon declined to 4.95% from 5.12% as of December 31, 2025, with the fixed-rate portion with favorable prepayment attributes slightly increasing to 77% .</li><li>Leverage: “At risk” leverage was 7.4x tangible equity as of March 31, 2026, up from 7.2x as of December 31, 2025, while average leverage for the quarter remained at 7.4x .</li><li>Hedge Ratio: Stood at 83% as of March 31, 2026, an increase from 77% as of December 31, 2025 . The notional balance of interest rate swaps rose to $76.5 billion, representing 89% of funding liabilities .</li><li>Duration Gap: Extended to 0.7 years as of March 31, 2026, from 0.4 years as of December 31, 2025 .</li><li>Average Projected Life Constant Prepayment Rate (CPR): Increased to 10.3% as of March 31, 2026, from 9.6% as of December 31, 2025 . Actual CPRs averaged 13.2% for Q1 2026, up from 9.7% for Q4 2025 .</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: $387 million in Q1 2026, compared to $192 million in Q1 2025 .</li><li>Net Cash Used in Investing Activities: - $1,995 million in Q1 2026, an improvement from - $5,727 million in Q1 2025 .</li><li>Net Cash Provided by Financing Activities: $2,223 million in Q1 2026, a decrease from $5,482 million in Q1 2025 .</li><li>Net Change in Cash, Cash Equivalents and Restricted Cash: $615 million in Q1 2026, reversing a - $53 million change in Q1 2025 .</li><li>Cash, Cash Equivalents and Restricted Cash at End of Period: Totaled $2,357 million as of March 31, 2026, up from $1,718 million as of March 31, 2025 .</li></ul><h4>Outlook and Strategy</h4>AGNC INVESTMENT CORP. maintains a constructive longer-term outlook for Agency RMBS, despite near-term challenges from heightened geopolitical and macroeconomic risks . The company believes positive catalysts, such as wider mortgage spreads, improved supply-demand technicals, and potential administrative actions to stabilize mortgage spreads, remain or are improving . The current strategy involves rotating the portfolio to lower coupons and increasing the proportion of fixed-rate Agency RMBS with favorable prepayment attributes to enhance prepayment protection in a declining rate scenario .

AGNC Investment Pref Shares AGNC 9.67459 Perp 04/11/25 | 10-Q: FY2026 Q1 Revenue: USD 1.05 B