Ladder Capital (LADR) financial statements
Net income was $64M.
Free cash flow was $79M, and the company returned $12M in net buybacks.
The diluted share count rose 17% over the period (dilution).
Income statement
Fiscal years, from Ladder Capital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest expense | $121M | $146M | $194M | $204M | $227M | $183M | $196M | $245M | — | — |
| Pre-tax income | $120M | $134M | $228M | $140M | -$19M | $58M | $170M | $105M | $111M | $67M |
| Income tax | $6M | $8M | $7M | $3M | -$10M | $928,000 | $5M | $4M | $3M | $3M |
| Net income | $67M | $126M | $222M | $137M | -$9M | $57M | $165M | $101M | $107M | $64M |
| EPS (diluted) | $1.06 | $1.13 | $1.84 | $1.15 | -$0.13 | $0.45 | $1.13 | $0.81 | $0.86 | $0.51 |
| Diluted shares | 108M | 110M | 98M | 106M | 112M | 125M | 126M | 125M | 126M | — |
Balance sheet
Fiscal years, from Ladder Capital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $45M | $77M | $68M | $58M | $1.3B | $549M | $609M | $1.0B | $1.3B | $38M |
| Total assets | $5.6B | $6.0B | $6.3B | $6.7B | $5.9B | $5.9B | $6.0B | $5.5B | $4.8B | $5.2B |
| Total liabilities | $4.1B | $4.5B | $4.6B | $5.0B | $4.3B | $4.3B | $4.4B | $4.0B | $3.3B | $3.7B |
| Shareholders' equity | $971M | $1.2B | $1.4B | $1.5B | $1.5B | $1.5B | $1.5B | $1.5B | $1.5B | $1.5B |
| Net debt | -$45M | -$77M | -$68M | -$58M | -$1.3B | -$549M | -$609M | -$1.0B | -$1.3B | -$38M |
Cash flow
Fiscal years, from Ladder Capital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $338M | $12M | $200M | $183M | $112M | $80M | $107M | $181M | $134M | $87M |
| Capital spending | $11M | $6M | $8M | $8M | $6M | $5M | $7M | $4M | $6M | $8M |
| Free cash flow | $328M | $6M | $193M | $176M | $106M | $75M | $100M | $176M | $127M | $79M |
| Stock-based compensation | $18M | $19M | $9M | $22M | $43M | $15M | $32M | $19M | $19M | $20M |
| Share buybacks (net) | -$5M | -$3M | $0 | -$637,000 | -$3M | -$9M | -$8M | -$2M | -$7M | -$12M |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LADR.
Open LADR in InvestinglyQuestions
How much free cash flow does Ladder Capital generate?
$79M in fiscal 2025 (operating cash flow minus capital spending).
From Ladder Capital's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.