v3.26.1
Segment Reporting - Income Statement and Balance Sheet (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
segment
Jun. 30, 2025
USD ($)
segment
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Segment Reporting [Abstract]                
Number of reportable segments | segment     2 2        
Segment Reporting [Line Items]                
Interest income [1] $ 221,625 $ 201,297 $ 440,920 $ 391,914        
Interest expense [2] 151,116 135,287 295,408 256,684        
Net interest income 70,509 66,010 145,512 135,230        
Increase in provision for credit losses 7,192 4,409 10,016 7,796        
Net unrealized gains (losses) on derivatives 15,398 (2,554) 33,548 (9,024)        
Realized gains (losses) on derivatives 9,527 (17,954) 12,397 (17,872)        
Periodic interest on derivatives, net 2,061 5,067 3,895 9,202        
Net gains (losses) on derivatives 26,986 (15,441) 49,840 (17,694)        
Investment management and advisory fees 6,540 8,810 13,704 17,745        
Interest income from investment in MSR financing receivables [3] 838 0 3,149 0        
Net unrealized gains (losses) on financial instruments at fair value (43,386) 6,971 (80,923) 135,866        
Net realized gains (losses) on sales of investments (9,623) (1,915) (50,051) (1,915)        
Gains (losses) on extinguishment of debt (2,748) 0 (41,605) 2,122        
Other investment gains (losses) 1,229 2,953 320 2,536        
Gain on origination and sale of loans, net 22,210 0 43,595 0        
Total other income (losses) 2,046 1,378 (61,971) 138,660        
Compensation and benefits [4] 25,102 11,660 51,808 24,745        
General and administrative expenses 11,479 6,815 23,640 13,721        
Servicing and asset manager fees 4,431 7,306 9,953 14,737        
Depreciation, amortization, and impairment of intangible assets 4,076 949 13,725 1,902        
Transaction expenses 3,207 390 3,305 6,077        
Total other expenses 48,295 27,120 102,431 61,182        
Income (loss) before income taxes 17,068 35,859 (28,906) 204,912        
Income tax (benefit) expense (301) 409 (2,365) 2,165        
Net income (loss) 17,369 35,450 (26,541) 202,747        
Dividends on preferred stock 21,381 21,426 42,478 42,783        
Net income (loss) available to common shareholders (4,012) 14,024 (69,019) 159,964        
Assets [5] 16,045,048   16,045,048     $ 15,808,542    
Total stockholders’ equity 2,415,626 2,624,531 2,415,626 2,624,531 $ 2,463,759 2,572,694 $ 2,644,064 $ 2,526,189
Investment Portfolio                
Segment Reporting [Line Items]                
Interest income 206,910 201,297 412,255 391,914        
Interest expense 140,205 135,287 274,372 256,684        
Net interest income 66,705 66,010 137,883 135,230        
Increase in provision for credit losses 7,192 4,409 10,016 7,796        
Net unrealized gains (losses) on derivatives 15,398 (2,554) 33,548 (9,024)        
Realized gains (losses) on derivatives 9,527 (17,954) 12,397 (17,872)        
Periodic interest on derivatives, net 2,061 5,067 3,895 9,202        
Net gains (losses) on derivatives 26,986 (15,441) 49,840 (17,694)        
Investment management and advisory fees 6,540 8,810 13,704 17,745        
Interest income from investment in MSR financing receivables 838 0 3,149 0        
Net unrealized gains (losses) on financial instruments at fair value (43,386) 6,971 (80,923) 135,866        
Net realized gains (losses) on sales of investments (9,623) (1,915) (50,051) (1,915)        
Gains (losses) on extinguishment of debt (2,748) 0 (41,605) 2,122        
Other investment gains (losses) 1,229 2,953 320 2,536        
Gain on origination and sale of loans, net (68) 0 (68) 0        
Total other income (losses) (20,232) 1,378 (105,634) 138,660        
Compensation and benefits 13,223 11,660 28,289 24,745        
General and administrative expenses 9,027 6,815 19,062 13,721        
Servicing and asset manager fees 4,431 7,306 9,953 14,737        
Depreciation, amortization, and impairment of intangible assets 644 949 6,866 1,902        
Transaction expenses 3,207 390 3,305 6,077        
Total other expenses 30,532 27,120 67,475 61,182        
Income (loss) before income taxes 8,749 35,859 (45,242) 204,912        
Income tax (benefit) expense 47 409 (2,059) 2,165        
Net income (loss) 8,702 35,450 (43,183) 202,747        
Dividends on preferred stock 21,381 21,426 42,478 42,783        
Net income (loss) available to common shareholders (12,679) 14,024 (85,661) 159,964        
Assets 14,971,433   14,971,433     14,676,908    
Total stockholders’ equity 2,118,667   2,118,667     2,292,377    
Residential Origination                
Segment Reporting [Line Items]                
Interest income 14,715 0 28,665 0        
Interest expense 10,911 0 21,036 0        
Net interest income 3,804 0 7,629 0        
Increase in provision for credit losses 0 0 0 0        
Net unrealized gains (losses) on derivatives 0 0 0 0        
Realized gains (losses) on derivatives 0 0 0 0        
Periodic interest on derivatives, net 0 0 0 0        
Net gains (losses) on derivatives 0 0 0 0        
Investment management and advisory fees 0 0 0 0        
Interest income from investment in MSR financing receivables 0 0 0 0        
Net unrealized gains (losses) on financial instruments at fair value 0 0 0 0        
Net realized gains (losses) on sales of investments 0 0 0 0        
Gains (losses) on extinguishment of debt 0 0 0 0        
Other investment gains (losses) 0 0 0 0        
Gain on origination and sale of loans, net 22,278 0 43,663 0        
Total other income (losses) 22,278 0 43,663 0        
Compensation and benefits 11,879 0 23,519 0        
General and administrative expenses 2,452 0 4,578 0        
Servicing and asset manager fees 0 0 0 0        
Depreciation, amortization, and impairment of intangible assets 3,432 0 6,859 0        
Transaction expenses 0 0 0 0        
Total other expenses 17,763 0 34,956 0        
Income (loss) before income taxes 8,319 0 16,336 0        
Income tax (benefit) expense (348) 0 (306) 0        
Net income (loss) 8,667 0 16,642 0        
Dividends on preferred stock 0 0 0 0        
Net income (loss) available to common shareholders 8,667 $ 0 16,642 $ 0        
Assets 1,073,614   1,073,614     1,131,634    
Total stockholders’ equity $ 296,959   $ 296,959     $ 280,317    
[1] Includes interest income of consolidated VIEs of $106,189 and $141,818 for the quarters ended June 30, 2026 and 2025, respectively, and $235,258 and $286,220 for the six months ended June 30, 2026 and 2025, respectively. See Note 10 for further discussion.
[2] Includes interest expense of consolidated VIEs of $54,598 and $73,038 for the quarters ended June 30, 2026 and 2025, respectively, and $118,478 and $142,690 for the six months ended June 30, 2026 and 2025, respectively. See Note 10 for further discussion.
[3] Includes interest income from investment in MSR financing receivables of a consolidated VIE of $454 for the quarter ended June 30, 2026 and $1,850 for the six months ended June 30, 2026. The Company did not hold any interests in MSR financing receivables for the quarter or six months ended June 30, 2025. See Note 10 for further discussion.
[4] Includes a related-party, non-cash imputed compensation expense from the Palisades Acquisition of $341 and $341 for the quarters ended June 30, 2026 and 2025, respectively, and $682 and $682 for the six months ended June 30, 2026 and 2025, respectively.
[5] The Company's Consolidated Statements of Financial Condition include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Chimera Investment Corporation). As of June 30, 2026, and December 31, 2025, total assets of consolidated VIEs were $7,491,943 and $9,215,343, respectively, and total liabilities of consolidated VIEs were $5,302,706 and $6,533,891, respectively. See Note 10 for further discussion.