---
schema_version: "secwatch.filing_event.v1"
accession: "0000826675-25-000053"
form_type: "8-K"
ticker: "DX"
cik: "0000826675"
company_name: "DYNEX CAPITAL INC"
filed_at: "2025-04-21T23:59:59+00:00"
generated_at: "2026-05-23T10:48:17.414450+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dynex Capital Q1 net loss $0.06 per share; book value down to $12.56

## Summary
- Net loss of $4.999M ($0.06 diluted EPS); comprehensive income of $0.16 per common share.
- Book value per common share fell to $12.56 from $12.70 at December 31, 2024.
- Raised $240M net through ATM stock issuances; purchased $895M Agency RMBS and $55M Agency CMBS.
- Net interest income rose to $17.1M from $6.9M; dividends declared increased to $0.47 per share.
- Leverage including TBA securities stood at 7.4x equity; liquidity was $790M as of March 31, 2025.

## SEC filing metadata
- accession: 0000826675-25-000053
- form_type: 8-K
- ticker: DX
- cik: 0000826675
- company_name: DYNEX CAPITAL INC
- filed_at: 2025-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826675/000082667525000053/0000826675-25-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826675/000082667525000053/dx-20250421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826675-25-000053
- JSON: https://secwatch.observer/filing/0000826675-25-000053.json
- Plain text: https://secwatch.observer/filing/0000826675-25-000053.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.