Ladder Capital Corp (LADR) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Ladder Capital reported revenue of $99.3M, up 0.6% from $98.7M the year before. Net income was $63.7M (a 64.1% net margin), or $0.51 per diluted share. Gross margin was -49.4% and operating margin was -68.9%. Operating activities generated $87.0M of cash. At fiscal year end, Ladder Capital held $5.15B in total assets against $3.67B in total liabilities, including $38.0M of cash and equivalents.
Open the full interactive Ladder Capital financials → Quarterly statements, key ratios, valuation history and price charts.
Ladder Capital Key Stats
| Share Price | $8.74 |
|---|---|
| Market Cap | $1.09B |
| P/E Ratio | 17.1 |
| Revenue YoY Growth | +0.6% |
| 52-Week Range | $8.52 – $10.45 |
| Shares Outstanding | 124.7 million (basic, 2026 Q2) |
Ladder Capital Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $100.2M | $101.6M | $108.3M | $97.0M | $98.7M | $99.3M |
| Cost of Goods Sold | $153.3M | $125.8M | $175.1M | $159.5M | $160.5M | $148.3M |
| Gross Profit | -$53.1M | -$24.2M | -$66.8M | -$62.5M | -$61.8M | -$49.0M |
| Operating Income | -$73.3M | -$41.9M | -$87.5M | -$82.0M | -$81.0M | -$68.5M |
| Pre-Tax Income | -$19.2M | $57.8M | $170.2M | $104.7M | $110.9M | $67.2M |
| Income Tax | -$9.8M | $928,000 | $4.9M | $4.2M | $3.4M | $3.5M |
| Net Income | -$9.5M | $56.9M | $165.3M | $100.5M | $107.4M | $63.7M |
| Diluted EPS | -$0.13 | $0.45 | $1.13 | $0.81 | $0.86 | $0.51 |
Ladder Capital Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $26.7M | $25.1M | $27.3M | $30.9M |
| Net Income | $19.2M | $15.9M | $2.6M | $14.6M |
| Diluted EPS | $0.15 | $0.13 | $0.02 | $0.12 |
Ladder Capital Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.25B | $548.7M | $609.1M | $1.02B | $1.32B | $38.0M |
| Total Assets | $5.88B | $5.85B | $5.95B | $5.51B | $4.85B | $5.15B |
| Total Long-Term Debt | $4.23B | $3.18B | $3.20B | $2.73B | $2.55B | $3.53B |
| Total Liabilities | $4.33B | $4.34B | $4.42B | $3.98B | $3.31B | $3.67B |
| Shareholders' Equity | $1.54B | $1.51B | $1.53B | $1.53B | $1.54B | $1.48B |
Ladder Capital Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $111.9M | $79.7M | $106.7M | $180.6M | $133.9M | $87.0M |
| Cash From Investing | $1.54B | -$651.5M | $81.6M | $793.5M | $932.8M | -$1.61B |
| Cash From Financing | -$725.7M | -$91.0M | -$150.2M | -$557.8M | -$796.6M | $227.0M |
Figures from Ladder Capital's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Ladder Capital financials page for every line item.
Ladder Capital Company Profile
| Ticker | LADR |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001577670 |
Frequently Asked Questions
What was Ladder Capital's revenue in fiscal 2025?
Ladder Capital (LADR) reported revenue of $99.3M for fiscal 2025.
What is Ladder Capital's annual revenue history?
Ladder Capital's annual revenue by fiscal year: 2020: $100.2M; 2021: $101.6M; 2022: $108.3M; 2023: $97.0M; 2024: $98.7M; 2025: $99.3M.
What was Ladder Capital's net income in fiscal 2025?
Ladder Capital reported net income of $63.7M for fiscal 2025.
What was Ladder Capital's earnings per share (EPS) in fiscal 2025?
Ladder Capital's diluted EPS was $0.51 for fiscal 2025 (adjusted for any later stock splits).
What was Ladder Capital's revenue last quarter?
In its most recent reported quarter (2026 Q2), Ladder Capital reported revenue of $30.9M.
How much debt does Ladder Capital have?
Ladder Capital reported $3.53B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Ladder Capital are outstanding?
Ladder Capital reported a weighted average of 124.7 million basic shares outstanding in 2026 Q2.
What is Ladder Capital's market cap?
Based on its latest closing price, Ladder Capital (LADR) has a market capitalization of about $1.09B.
When does Ladder Capital's fiscal year end?
Ladder Capital's fiscal year end, as registered with the SEC, is December 31.
Where is Ladder Capital headquartered?
Ladder Capital lists its business address in New York, New York in its SEC filings.