Lument Finance Trust, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Lument Finance Trust, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
General and administrative	5.87	5.45	4.01	4.34	3.52	2.88	3.47	3.62	4.4	3.95
Interest expense	1.86
Interest income	16.7	28	12.2
Pre-tax income	-10.4	4.71
Income tax	0	0	1.52	-0.04	-0.48	0.08	0.01	0.01	0.02	0.01
Net income	-10.4	4.71	-5.47	6.25	8.45	10.5	9.86	19.7	22.6	-2.75
EPS, basic	-0.95	0.06	-0.38	0.11	0.34	0.30	0.11	0.29	0.34	-0.14
EPS, diluted	-0.95	0.06	-0.38	0.11	0.34	0.30	0.11	0.29	0.34	-0.14
Shares, basic (weighted)	14.6	20	23.6	23.7	24.9	24.9	48.3	52.2	52.3	52.3
Shares, diluted (weighted)	14.6	20	23.6	23.7	24.9	24.9	48.3	52.2	52.3	52.3
Dividend per share	2.04	0.60	0.28	0.30	0.37	0.36	0.24	0.26	0.40	0.22

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	27.5	34.3	7.88	10.9	11.4	14.7	43.9	51.2	69.2	23.1
Total assets	2,300	2,613	679	658	621	1,049	1,128	1,447	1,129	1,216
Deferred revenue	0.2	0.22	0
Total liabilities	2,157	2,467	529	549	508	880	885	1,206	891	997
Paid-in capital	204	224	231	228	234	234	315	315	315	315
Retained earnings	-3.07	1.63	-3.84	2.41	10.9	21.4	31.3	47.4	70	67.3
Other comprehensive income	-6.83	-12.6	0
Shareholders' equity	142	146	150	109	114	169	243	241	238	219
Minority interests		0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Total equity	142	146	150	109	114	169	243	241	238	219
Total liabilities and equity	2,300	2,613	679	658	621	1,049	1,128	1,447	1,129	1,216
Shares outstanding	17.5	22.1	23.7	23.7	24.9	24.9	52.2	52.2	52.3	52.4

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-10.4	4.71	-5.47	6.25	8.45	10.5	9.86	19.7	22.6	-2.75
Depreciation and amortization									0	0.78
Stock-based compensation	0.2	0.21	0.25	0.19	0.21	0.2	0.24	0	0.15	0.19
Deferred income tax				-0.32	-0.48	0.08	0.01	0.01	0.02	0.01
Cash from operations	2.34	4.24	12.3	7.28	12.2	13.8	16.3	24.7	27.1	10.1
Sales and maturities of investments			1,227	0
Cash from investing	-219	-431	1,022	-42.3	87.9	-477	-51.8	-317	334	-143
Stock issued	15.5	19.8	7.25	0	5.75	0	81.1	0.04	0
Share buybacks	-0.28	0
Dividends paid	-29.9	-11.9	-5.16	-6.63	-7.64	-9.98	-11.6	-13.1	-15.7	-18.3
Cash from financing	218	434	-1,020	-8.19	-46.8	412	64.6	296	-341	87.9
Net change in cash	1.39	7.73	13.6	-43.2	53.4	-51.1	29.1	4.15	20	-44.9
Interest paid	6.36	14.5	19.2	21.6	13.4	13.1	28.4	69.8	79	53.2
Income taxes paid			0	1.96	0.18	0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $5.61 on September 28, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	-6.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-1.2%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	-112.1%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-141.2%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-62.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-14.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-3.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	-45.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	-2.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	-9.9%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-7.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-3.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	14.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	7.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	14.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	2.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	16.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	81.6%	Total liabilities / total assets.
Tangible book value	$204.7M	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.26	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$0.12	Cash from operations / diluted weighted shares.
Book value per share	$3.90	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$3.90	Tangible book value / shares outstanding.
Cash per share	$0.55	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$294.4M	Share price x shares outstanding.
Enterprise value	$265.5M	Market cap + total debt - cash - short-term investments.
P/B	1.44x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.44x	Market cap / tangible book value, when positive.
P/OCF	45.5x	Market cap / cash from operations, when positive.
Earnings yield	-4.7%	Net income / market cap (the inverse of P/E).
Dividend yield	3.2%	Dividends paid over the period / market cap.
Shareholder yield	3.2%	(Dividends paid + share buybacks) / market cap.

Was Lument Finance Trust, Inc. profitable in fiscal 2025?

No. It reported a net loss of $2.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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