---
schema_version: "secwatch.filing_event.v1"
accession: "0000826675-26-000035"
form_type: "8-K"
ticker: "DX"
cik: "0000826675"
company_name: "DYNEX CAPITAL INC"
filed_at: "2026-04-20T23:59:59+00:00"
generated_at: "2026-05-15T05:25:39.253864+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dynex Capital Q1 2026: economic return -$0.34/share, book value drops to $12.60

## Summary
- Total economic return of $(0.34) per common share, or (2.5)% of beginning book value.
- Comprehensive loss of $(0.42) per common share; net loss of $(0.41) per common share.
- Book value per common share fell to $12.60 from $13.45 at Dec 31, 2025 (down 6.3%).
- Raised $442M equity via ATM and deployed into $6.0B net investment purchases.
- Leverage including TBA securities at 8.6x equity; liquidity $1.3B (46% of total equity).

## SEC filing metadata
- accession: 0000826675-26-000035
- form_type: 8-K
- ticker: DX
- cik: 0000826675
- company_name: DYNEX CAPITAL INC
- filed_at: 2026-04-20T23:59:59+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/826675/000082667526000035/0000826675-26-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826675/000082667526000035/dx-20260420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826675-26-000035
- JSON: https://secwatch.observer/filing/0000826675-26-000035.json
- Plain text: https://secwatch.observer/filing/0000826675-26-000035.txt

## Key facts
- Earnings Releases
  DYNEX CAPITAL INC reported the quarter ended March 31, 2026 results: EPS $(0.41) per common share.
  - Period: the quarter ended March 31, 2026
  - EPS: $(0.41) per common share
  - Result: reported results
  source text: On April 20, 2026, Dynex Capital, Inc. (the "Company") issued a press release announcing its financial results as of and for the quarter ended March 31, 2026. The text of the aforementioned press release is included as Exhibit 99.1 to this Form 8-K and is also available on the Company's website (www.dynexcapital.com under “Investors/News & Market Information”). The press release included the following financial information: • Total economic return of $(0.34) per common share, or (2.5)% of beginning book value • Book value per common share of $12.60 as of March 31, 2026 • Comprehensive loss of $(0.42) per common share and net loss of $(0.41) per common share • Dividends declared of $0.51 per common share • Raised equity capital of $442 million through at-the-market ("ATM") common stock issuances • Investment purchases of $6.0 billion, net of sales, during the quarter • Liquidity of $1.3 billion, or 46% of total equity, as of March 31, 2026 • Leverage including to-be-announced ("TBA") se
  evidence_url: https://www.sec.gov/Archives/edgar/data/826675/000082667526000035/0000826675-26-000035-index.htm

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