Flagstar Financial, Inc. (FLG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	4.4B	4.7B	6.4B	6.0B	2.2B
Cost of Revenue	2.4B	2.9B	4.9B	3.2B	829.0M
Gross Profit	2.0B	1.8B	1.5B	2.8B	1.3B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	919.0M	1.2B	2.4B	1.9B	512.0M
General & Admin Expense	919.0M	1.2B	2.4B	1.9B	512.0M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	960.0M	786.0M	484.0M	951.0M	11.0M
Total Operating Expenses	1.9B	2.0B	2.9B	2.9B	523.0M
Cost and Expenses	4.3B	4.9B	7.8B	6.1B	1.4B
Operating Income (EBIT)	84.0M	(198.0M)	(1.4B)	(50.0M)	826.0M
Non-Operating
Interest Income	4.1B	4.5B	6.0B	5.5B	2.1B
Interest Expense	2.3B	2.7B	3.8B	2.4B	696.0M
Net Interest Income	1.8B	1.7B	2.2B	3.1B	1.4B
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	84.0M	(198.0M)	(1.4B)	(50.0M)	826.0M
Income Tax Expense	36.0M	(21.0M)	(260.0M)	29.0M	176.0M
Bottom Line
Net Income	48.0M	(177.0M)	(1.1B)	(79.0M)	650.0M
Earnings from Cont. Ops	48.0M	(177.0M)	(1.1B)	(79.0M)	650.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	15.0M	(210.0M)	(1.2B)	(117.0M)	609.0M
Per Share
Basic EPS	$0.03	($0.51)	($3.49)	($0.49)	$3.78
Diluted EPS	$0.02	($0.51)	($3.49)	($0.49)	$3.77
Revenue Per Share	$10.47	$11.30	$19.93	$25.42	$13.51
Shares
Basic Shares Outstanding	416.8M	415.3M	320.3M	237.9M	161.2M
Diluted Shares Outstanding	473.6M	415.3M	330.7M	237.9M	161.7M
Profitability Metrics
EBITDA	214.0M	(50.0M)	(1.2B)	115.0M	849.0M
D&A	130.0M	148.0M	184.0M	165.0M	23.0M
EBIT	84.0M	(198.0M)	(1.4B)	(50.0M)	826.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026