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Impac Mortgage Holdings Income Statement 2022-2009 | IMH
Brief overview of revenue and earnings at Impac Mortgage Holdings
This overview is based on financial performance over the past five years. Revenue at Impac Mortgage Holdings moved from 139 million dollars in 2017 to 8.6 million dollars in 2022. Across the full period, sales moved by −93.8%; the average annual rate was −42.7%. Sales followed a declining trajectory over the five years.
The net financial result changed from −$31.5 million to −$39.4 million. Larger losses indicate rising pressure on the business.
Over the period, capitalization shifted from 179 million dollars to 7.7 million dollars (−95.7%). Capitalization grew more slowly than the underlying results.
Conclusion
The current trajectory does not yet confirm a sustainable recovery. The most visible risks are a softer top-line trend, declining net profitability and lower investor confidence. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Impac Mortgage Holdings
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
7.65 M | 18.8 M | 72.9 M | 115 M | 73.8 M | 179 M | 182 M | 133 M | 88.6 M | 61.9 M | 104 M | 19.9 M | - | - |
Shares |
23.9 M | 21.3 M | 21.3 M | 21.2 M | 21 M | 19.4 M | 13.2 M | 10.1 M | 9.34 M | 8.75 M | 7.91 M | 7.8 M | 7.79 M | - |
Historical Prices |
0.32 | 0.88 | 3.43 | 5.4 | 3.51 | 9.2 | 13.8 | 13.2 | 9.48 | 7.08 | 13.1 | 2.55 | ||
Net Income |
-39.4 M | -3.88 M | -88.2 M | -677 K | -145 M | -31.5 M | 16.9 M | 80.8 M | -6.32 M | -8.18 M | -3.38 M | 3.22 M | 10.3 M | - |
Revenue |
8.6 M | 66.3 M | -8.09 M | 90.6 M | 105 M | 139 M | 77.3 M | 167 M | 44.1 M | 88.4 M | 96.1 M | 71.1 M | - | - |
Cost of Revenue |
30.7 M | 52.8 M | 52.9 M | 65.2 M | 64.1 M | 89.6 M | 125 M | 77.8 M | 37.4 M | 64.8 M | 56.9 M | 46.4 M | 42.3 M | - |
Gross Profit |
- | - | -61 M | 25.4 M | 40.9 M | 49.1 M | 173 M | 89.1 M | 7.79 M | 23.6 M | - | - | - | - |
Operating Income |
-47.5 M | -14.9 M | -89.4 M | -6.29 M | -144 M | -17.7 M | 59.7 M | 71.3 M | -13.2 M | - | - | - | - | - |
Interest Expense |
19.1 M | 63.3 M | 114 M | 156 M | 184 M | 226 M | 261 M | 275 M | 295 M | 310 M | 477 M | 734 M | 979 M | - |
EBITDA |
-47.2 M | -14.4 M | -88.6 M | -5.57 M | -144 M | -17.1 M | 64.5 M | 74.9 M | -13.2 M | 308 M | 486 M | 739 M | - | - |
Operating Expenses |
56.1 M | 81.2 M | 81.3 M | 96.9 M | 249 M | 156 M | 50.6 M | 95.7 M | 57.3 M | 90 M | 76.9 M | 800 M | - | - |
General and Administrative Expenses |
15.7 M | 16.8 M | 24.5 M | 22.4 M | 35.3 M | 37.4 M | 33.8 M | 28 M | 18.8 M | 14.8 M | 11.5 M | 9.58 M | 10.4 M | - |
All numbers in USD currency
Quarterly Income Statement Impac Mortgage Holdings
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
- | 21.5 M | 21.5 M | 21.4 M | 21.3 M | 21.3 M | 21.3 M | 21.3 M | 21.3 M | 21.3 M | 21.2 M | 21.2 M | 21.2 M | 21.2 M | 21.2 M | 21.2 M | 21.1 M | 21.1 M | 21 M | 21 M | 20.9 M | 20.9 M | 19.8 M | 16 K | 16 M | 12.9 K | 12.4 K | 11.4 M | 10.3 M | 10.2 M | 10.2 M | 9.61 M | 9.59 M | 9.47 M | 9.25 M | 9.06 M | 8.99 M | 8.83 M | 8.67 M | 8.6 M | 8.47 M | 7.86 M | 7.84 M | 7.84 M | 7.81 M | 7.81 M | 7.81 M | 7.81 M |
Net Income |
- | -13 M | -13.5 M | -1.18 M | - | 2.09 M | -8.86 M | -683 K | -2.19 M | 1.6 M | -22.8 M | -64.7 M | -677 K | 1.44 M | 3.87 M | -12.6 M | - | -45.4 M | -97.4 M | 3.87 M | -44.9 M | 2.32 M | 6.44 M | 4.63 M | 16.9 M | 16.5 M | 12.3 M | 981 K | 10.7 M | 19.3 M | 16.8 M | 34 M | - | -1.2 M | 82 K | -2.97 M | - | -4.95 M | 1.22 M | -738 K | - | -2.28 M | 4.21 M | -4.79 M | - | 3.1 M | 361 K | -987 K |
Revenue |
- | -161 K | 495 K | 7.19 M | - | 19.8 M | 11 M | 20.6 M | - | 19.5 M | -4.06 M | -43.5 M | - | 25.8 M | 24.1 M | 10.4 M | - | 19.4 M | 29.9 M | 40.1 M | 11.7 M | 42.1 M | 39.6 M | 45.3 M | 77.3 M | 104 M | 69.2 M | 47.3 M | 35.9 M | 47.7 M | 49.1 M | 34.3 M | - | 12.5 M | 10.7 M | 10 M | - | 16.8 M | 28.4 M | 23.9 M | - | 30.5 M | 21.8 M | - | - | - | - | - |
Cost of Revenue |
- | 5.7 M | 8.02 M | 11.9 M | - | 12.7 M | 12 M | 14.9 M | - | 11.2 M | 7.77 M | 20.7 M | - | 18.7 M | 14.3 M | 14.1 M | - | 16.1 M | 16.7 M | 17.7 M | - | 23.1 M | 21.4 M | 24.9 M | - | 38.5 M | 30.6 M | 24 M | - | 21.3 M | 24.1 M | 11.5 M | - | 9.06 M | 9.32 M | 9.24 M | - | 14.8 M | 18.2 M | 17.4 M | - | 16.7 M | 12.3 M | 10.5 M | - | 13.6 M | 12.3 M | 10.8 M |
Operating Income |
- | -11.2 M | -14.2 M | -12.2 M | - | 21 K | -8.64 M | -714 K | - | 3.36 M | -18.5 M | -74.3 M | - | 139 K | 2.48 M | -11.9 M | - | -43.7 M | -94.7 M | 4.38 M | - | 4.52 M | 5.91 M | 785 K | - | 22.6 M | 8.32 M | 2.14 M | - | 23 M | 16.7 M | 17.2 M | - | -1.73 M | -4 M | -4.7 M | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
- | 1.99 M | 2.2 M | 13 M | - | 16.4 M | 15.1 M | 15.9 M | - | 25.2 M | 35.1 M | 33.2 M | - | 37 M | 40.5 M | 43.5 M | - | 45.5 M | 48.5 M | 49.1 M | - | 56.3 M | 59.5 M | 61.1 M | - | 63.6 M | 66.5 M | 69.4 M | - | 70.2 M | 66.3 M | 71.6 M | - | 78.9 M | 69.1 M | 72.3 M | - | 74.4 M | -77.7 M | 88.7 M | - | 115 M | 126 M | 142 M | - | 172 M | 201 M | 217 M |
EBITDA |
- | -11.2 M | -14.2 M | -12.2 M | - | 21 K | -8.64 M | -714 K | - | 3.36 M | -18.5 M | -74.3 M | - | 139 K | 2.48 M | -11.9 M | - | -40.5 M | -92.3 M | 5.57 M | - | 8.09 M | 8.3 M | 1.98 M | - | 26.2 M | 10.7 M | 3.34 M | - | 25.4 M | 17.9 M | 17.2 M | - | -1.73 M | -4 M | -4.7 M | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
- | 11.1 M | 14.7 M | 19.4 M | - | 19.8 M | 19.6 M | 21.3 M | - | 16.1 M | 14.5 M | 30.8 M | - | 25.6 M | 21.6 M | 22.3 M | - | 63.1 M | 125 M | 35.7 M | 40.6 M | 37.6 M | 33.7 M | 44.6 M | 50.6 M | 81.4 M | 60.9 M | 45.2 M | 21.4 M | 24.7 M | 32.4 M | 17.1 M | - | 13.5 M | 13.9 M | 14.6 M | - | 21.1 M | 24.8 M | 23.7 M | - | 21.6 M | 16.9 M | - | - | - | - | - |
General and Administrative Expenses |
- | 4.83 M | 5.32 M | 5.14 M | - | 4.93 M | 5.88 M | 5.18 M | - | 4.83 M | 6.62 M | 6.98 M | - | 5.62 M | 5.28 M | 5.23 M | - | 7.9 M | 10.8 M | 8.28 M | - | 8.5 M | 8.32 M | 8.02 M | - | 7.74 M | 8.84 M | 7.16 M | - | 7.1 M | 7.94 M | 5.65 M | - | 4.41 M | 4.56 M | 5.37 M | - | 6.28 M | 6.62 M | 6.84 M | - | 4.94 M | 4.58 M | 4.22 M | - | 5.5 M | 5 M | 4.58 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Impac Mortgage Holdings (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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