Federal Agricultural Mortgage (AGM) — Financial statements
Income statement, balance sheet, and cash flow for Federal Agricultural Mortgage — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,318↓18.9% | 1,625↑14.7% | 1,416↑87.6% | 755↑68.6% | 448 | |
| Cost of Revenue | 930↓26.3% | 1,261↑18.3% | 1,066↑138.6% | 447↑121.3% | 202 | |
| Gross Profit | 389↑6.8% | 364↑3.9% | 350↑13.6% | 308↑25.4% | 246 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 130↑27.0% | 102↑8.9% | 94↑19.5% | 79↑11.6% | 70 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 130↑27.0% | 102↑8.9% | 94↑19.5% | 79↑11.6% | 70 | |
| Other Expenses | 3↓11.0% | 3↑4.6% | 3↓21.2% | 4↑33.5% | 3 | |
| Operating Expenses | 133↑25.8% | 106↑8.7% | 97↑17.5% | 83↑12.5% | 73 | |
| Total Costs & Expenses | 1,063↓22.3% | 1,367↑17.5% | 1,163↑119.7% | 529↑92.3% | 275 | |
| Operating Results | ||||||
| Operating Income | 256↓0.9% | 258↑2.0% | 253↑12.2% | 226↑30.9% | 172 | |
| Depreciation & Amortization | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 0.13 | |
| EBITDA | 256↓0.9% | 258↑2.0% | 253↑12.2% | 226↑30.8% | 173 | |
| EBIT | 256↓0.9% | 258↑2.0% | 253↑12.2% | 226↑30.9% | 172 | |
| Interest & Other Income | ||||||
| Net Interest Income | 391↑10.4% | 354↑8.0% | 328↑20.9% | 271↑22.1% | 222 | |
| Interest Income | 1,300↓18.9% | 1,604↑15.2% | 1,392↑94.2% | 717↑68.3% | 426 | |
| Interest Expense | 910↓27.2% | 1,250↑17.4% | 1,065↑138.8% | 446↑118.6% | 204 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 256↓0.9% | 258↑2.0% | 253↑12.2% | 226↑30.9% | 172 | |
| Income Tax Expense | 48↓5.1% | 51↓4.1% | 53↑11.7% | 48↑30.7% | 36 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 207↑0.1% | 207↑3.6% | 200↑12.3% | 178↑30.9% | 136 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 207↑0.1% | 207↑3.6% | 200↑12.3% | 178↑30.9% | 136 | |
| Bottom-Line Net Income | 190↑5.2% | 180↑4.4% | 173↑14.5% | 151↑35.5% | 111 | |
| EPS (Basic) | 16.73↑0.8% | 16.59↑3.9% | 15.96↑14.1% | 13.99↑35.0% | 10.36 | |
| EPS (Diluted) | 16.62↑1.1% | 16.44↑4.1% | 15.80↑13.9% | 13.87↑35.1% | 10.27 | |
| Weighted Average Shares | 11↑0.3% | 11↑0.4% | 11↑0.4% | 11↑0.3% | 11 | |
| Weighted Average Diluted Shares | 11↑0.1% | 11↑0.3% | 11↑0.5% | 11↑0.3% | 11 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.