AGNC Investment Corp (4OQ1.F) Q1 2026 Earnings Report

AGNC Investment Corp, a large mortgage REIT, reported a dramatic swing in QQ1 2026 results with a net loss of $192 million and diluted EPS of -$0.18 for the quarter ended March 31, 2026. This marks a material deviation from the prior quarter (Q4 2025) which delivered a net income of $954 million and EPS of $0.89. The quarter was characterized by outsized financing costs, notably interest expense of $731 million, and a substantial other expense line of $135 million, driving EBITDA of -$57 million and operating income of -$57 million. On the balance sheet, AGNC shows a robust cash position ($493 million) and a negative net debt of $493 million, but the asset mix features an unusually large line item for