Financial Statements — STWD
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.37 | 0.29 | 0.30 | 0.26 | 0.44 | 0.36 | 0.26 | 0.33 | 0.20 | 0.33 | 0.40 | 0.34 | 0.27 | 0.26 | 0.27 | 0.25 | 0.35 |
| Total Assets | 61.05 | 62.09 | 62.43 | 62.37 | 62.16 | 64.23 | 64.09 | 66.17 | 70.29 | 73.17 | 77.35 | 80.00 | 83.10 | 81.19 | 81.98 | 81.31 | 79.70 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.33 | 2.32 | 2.32 | -- | -- | -- |
| Total Liabilities | 53.86 | 54.74 | 54.86 | 55.20 | 55.01 | 56.95 | 57.12 | 59.13 | 63.20 | 65.98 | 70.24 | 72.84 | 76.00 | 74.28 | 77.13 | 76.46 | 74.85 |
| Retained Earnings | (0.34) | (0.17) | 0.04 | 0.15 | 0.18 | 0.35 | 0.43 | 0.51 | 0.59 | 0.69 | 0.67 | 0.78 | 0.73 | 0.67 | (0.69) | (0.68) | (0.65) |
| Total Stockholder Equity | 6.50 | 6.67 | 6.86 | 6.42 | 6.41 | 6.54 | 6.22 | 6.27 | 6.32 | 6.41 | 6.38 | 6.45 | 6.39 | 6.28 | 4.49 | 4.48 | 4.48 |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 513.67 | 512.46 | 492.95 | 488.88 | 444.28 | 418.18 | 454.39 | 479.54 | 489.83 | 523.09 | 522.28 | 521.55 | 515.67 | 490.41 | 454.60 | 390.54 | 325.59 | 293.99 | 289.71 | 302.29 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 337.86 | 344.39 | 355.96 | 369.12 | 368.36 | 363.33 | 335.30 | 295.63 | 222.42 | 152.62 | 126.45 | 116.53 | 115.53 |
| Net Income | 6.56 | 51.88 | 96.92 | 72.56 | 129.81 | 112.26 | 51.64 | 76.07 | 77.89 | 154.33 | 70.96 | 47.44 | 168.84 | 51.97 | 140.03 | 194.56 | 212.29 | 324.60 | 91.45 | 128.60 |
| Diluted EPS | 0.01 | 0.13 | 0.25 | 0.19 | 0.38 | 0.33 | 0.15 | 0.23 | 0.24 | 0.48 | 0.22 | 0.15 | 0.54 | 0.16 | 0.44 | 0.61 | 0.67 | 1.02 | 0.30 | 0.44 |
Cash Flow Statement
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 0.17 | 0.09 | 0.49 | 0.34 | (0.09) | 0.24 | 0.30 | 0.24 | 0.05 | 0.06 | 0.01 | 0.36 | 0.19 | (0.03) | (0.63) | 0.16 | 0.53 | 0.15 | (0.53) | (0.75) |
| Capital Expenditures | -- | -- | -- | 0.88 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 |
| Free Cash Flow* | -- | -- | -- | (0.54) | (0.10) | 0.23 | 0.29 | 0.24 | 0.04 | 0.05 | 0.01 | 0.35 | 0.18 | (0.03) | (0.64) | 0.15 | 0.53 | 0.15 | (0.54) | (0.75) |
| Investing Cash Flow | (0.38) | (0.99) | (0.70) | (1.22) | (0.95) | (0.91) | 0.34 | 0.31 | 0.27 | 1.17 | (0.09) | 0.39 | 0.54 | 0.01 | (0.09) | (0.38) | (1.92) | (0.55) | (2.26) | (0.65) |
| Financing Cash Flow | 0.18 | 0.89 | 0.35 | 0.95 | 0.82 | 0.81 | (0.59) | (0.48) | (0.34) | (1.08) | (0.04) | (0.77) | (0.80) | 0.16 | 0.65 | 0.35 | 1.35 | 0.45 | 2.73 | 1.42 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Dividends Per Share | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
