---
schema_version: "secwatch.filing_event.v1"
accession: "0000826675-25-000110"
form_type: "8-K"
ticker: "DX"
cik: "0000826675"
company_name: "DYNEX CAPITAL INC"
filed_at: "2025-07-21T23:59:59+00:00"
generated_at: "2026-05-18T05:27:16.450545+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dynex Capital Q2 2025 net loss $0.14/share; book value $11.95; raised $282M in ATM equity

## Summary
- Net loss to common shareholders of $16.3M ($0.14 diluted EPS); comprehensive loss of $0.11/share.
- Book value per common share fell to $11.95 from $12.56, a $0.61 decline; total economic loss of $(0.10)/share.
- Raised $282M net through ATM common stock issuances; liquidity of $891M as of June 30, 2025.
- Purchased $1.9B in Agency RMBS and $364M in Agency CMBS; leverage including TBAs at 8.3x equity.
- Net interest income rose to $23.1M from $17.1M in Q1; dividends declared of $0.51/share (up from $0.47).

## SEC filing metadata
- accession: 0000826675-25-000110
- form_type: 8-K
- ticker: DX
- cik: 0000826675
- company_name: DYNEX CAPITAL INC
- filed_at: 2025-07-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826675/000082667525000110/0000826675-25-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826675/000082667525000110/dx-20250721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826675-25-000110
- JSON: https://secwatch.observer/filing/0000826675-25-000110.json
- Plain text: https://secwatch.observer/filing/0000826675-25-000110.txt

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