Ladder Capital (LADR) Financial Statements & Analysis

Ladder Capital Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Ladder Capital Corp income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	212.93	511.22	268.99	543.71	358.21	358.10	501.87	600.64	456.66
Cost of Revenue	110.77	116.34	109.86	114.71	111.35	118.45	109.15	115.29	117.30
Gross Profit	281.54	394.88	415.23	429.00	246.87	239.65	392.72	485.35	339.36
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	52.74	0.00	63.62	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	38.17	62.56	76.87	65.28	7.67	55.50	254.08	55.84	200.48
Operating Income	67.04	332.32	94.03	363.72	239.19	184.16	138.64	429.51	138.88
Other Income/Expense
Interest Income	266.89	358.63	407.28	293.52	176.10	239.85	330.24	344.82	263.67
Interest Expense	174.92	221.54	245.10	195.60	182.95	227.47	204.35	194.29	146.12
Other Income/Expense	-176.18	-221.43	-233.62	-193.51	-181.37	-203.40	1.01	-201.19	-5.28
Income
Income Before Tax	67.19	110.90	104.75	170.21	57.82	-19.25	139.65	228.32	133.59
Income Tax Expense	3.49	3.45	4.24	4.91	0.93	-9.79	2.65	6.64	7.71
Net Income	64.18	108.26	101.13	142.22	56.52	-14.45	122.65	180.02	95.28
Net Income - Continuous Operations	63.70	108.26	100.50	142.22	56.52	-14.45	122.65	180.02	95.28
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	32.00	366.46	29.91	400.25	280.46	249.54	383.87	462.83	319.26
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	32.00	34.03	29.91	34.44	39.69	41.31	39.87	40.22	39.55
Earnings Per Share
Basic EPS	1.00	1.00	1.00	1.00	-	-	1.00	2.00	1.00
Diluted EPS	1.00	1.00	1.00	1.00	-	-	1.00	2.00	1.00
Basic Shares Outstanding	125.48	125.58	124.67	124.30	123.76	111.12	105.46	97.23	81.90
Diluted Shares Outstanding	126.19	125.79	124.88	125.82	124.56	112.41	106.40	97.65	109.71

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Ladder Capital Financial Statements

What was Ladder Capital's revenue in fiscal 2025?

Ladder Capital reported revenue of $212.93M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 58.3% from $511.22M a year earlier.

Is Ladder Capital profitable?

Yes. Ladder Capital earned net income of $64.18M in fiscal 2025, a net margin of 30.1%. In fiscal 2024 it earned $108.25M.

What is Ladder Capital's operating margin?

Ladder Capital's operating income was $67.04M on revenue of $212.93M in fiscal 2025, an operating margin of 31.5%, compared with 65.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition