FinEdge Labs
N

NLY

NLYUnverified
2 segments tracked|3 years of data|Annual (10-K)
Total Revenue
$1.1B364.4%
FY2025
Operating Segments
2
Active segments
Blended Margin
0.0%
Operating margin
Highest Margin
0.0%
Agency Segment
Segment Shift

Agency Segment has grown from 85.5% to 66.5% of total revenue since FY2022, with 0.0% operating margins. Meanwhile, Residential Credit Segment is the fastest growing at +39.7% YoY.

Segment Revenue Over Time

Revenue Mix

Segment Breakdown — FY2025

SegmentRevenueOp. IncomeMargin% of TotalYoY
Agency Segment$755M$00.0%66.5%+0.0%
Residential Credit Segment$380M$00.0%33.5%+39.7%

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