FNMAK
Federal National Mortgage Association
OTC Markets OTCQBUSDEQUITY
Financial Services
DELAYED
Strong sell
-77/100
Last price
10.51
▲ 0.00 (0.00%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
10.51
Prev close
10.51
Day high
10.51
Day low
10.51
Volume
1.00K
Market cap
—
P/E (TTM)
1,501.43
52W range
10.50 – 26.70
Day trading desk
Gap from prior close
0.00%
Prior close 10.51
VWAP
—
—
Relative volume
0.00×
Quiet session
Session range
—
10.51 – 10.51
Position in range
—
—
ATR (14D)
0.37
3.54% of price
Prior day high
10.51
PDH
Prior day low
10.51
PDL
Bid / ask spread
—
Quote not published
Session volume
—
Avg 343
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+0.10%
-1.9%
1M
-22.15%
-23.7%
3M
-28.26%
-31.7%
6M
-35.12%
-50.1%
YTD
-57.94%
-72.0%
1Y
-60.04%
-75.8%
3Y
+214.67%
+132.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on FNMAK open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
0
Total on file
Fundamentals
Market cap—
Enterprise value$4.29T
Revenue (TTM)$27.80B
Gross profit$27.80B
EBITDA—
Net income$227.00M
EPS (TTM)$0.01
Free cash flow—
Total cash$95.88B
Total debt$4.19T
Book value / share$-4.09
Shares outstanding5.74B
Float1.16B
Short % of float—
Dividend yield0.00%
Beta (5Y)1.69
Valuation & profitability ratios
Trailing P/E1,501.43
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue154.41
EV / EBITDA—
Gross margin100.00%
Operating margin75.80%
Profit margin54.27%
Return on equity13.83%
Return on assets0.35%
Debt / equity3,595.16
Current ratio106.46
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $29.16B | $30.79B | $30.09B | $30.72B | -5.3% |
| Operating revenue | $29.16B | $30.79B | $30.09B | $30.72B | -5.3% |
| Selling, general & admin | $2.09B | $2.00B | $1.91B | $1.67B | +4.5% |
| Pre-tax income | $17.98B | $21.27B | $21.96B | $16.23B | -15.4% |
| Tax provision | $3.62B | $4.29B | $4.55B | $3.31B | -15.7% |
| Net income | $14.36B | $16.98B | $17.41B | $12.92B | -15.4% |
| Net income to common | $9.00M | $3.00M | $3.00M | $3.00M | +200.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $11.45B | $13.48B | $35.82B | $57.99B | -15.0% |
| Accounts receivable | $11.69B | $11.36B | $10.72B | $9.82B | +2.9% |
| Total assets | $4.32T | $4.35T | $4.33T | $4.31T | -0.7% |
| Current debt | $24.54B | $11.19B | $17.31B | $10.20B | +119.3% |
| Long-term debt | $4.16T | $4.22T | $4.21T | $4.21T | -1.4% |
| Total debt | $4.18T | $4.23T | $4.22T | $4.22T | -1.1% |
| Total liabilities | $4.21T | $4.26T | $4.25T | $4.25T | -1.1% |
| Retained earnings | -$24.26B | -$38.63B | -$55.60B | -$73.01B | +37.2% |
| Shareholder equity | $109.01B | $94.66B | $77.68B | $60.28B | +15.2% |
| Net tangible assets | $109.01B | $94.66B | $77.68B | $60.28B | +15.2% |
| Shares issued | 1.31B | 1.31B | 1.31B | 1.31B | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $14.36B | $16.98B | $17.41B | $12.92B | — | -15.4% |
| Change in working capital | $10.98B | -$25.12B | -$1.14B | $33.48B | — | +143.7% |
| Operating cash flow | $23.99B | -$10.52B | $11.88B | $43.83B | — | +328.0% |
| Investing cash flow | $186.90B | $152.25B | $119.28B | $90.13B | — | +22.8% |
| Dividends paid | — | — | — | — | $0 | — |
| Financing cash flow | -$206.85B | -$137.17B | -$130.17B | -$154.74B | — | -50.8% |
| Free cash flow | $23.99B | -$10.52B | $11.88B | $43.83B | — | +328.0% |
| End cash position | $42.58B | $38.54B | $33.98B | $87.84B | — | +10.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $7.54B | $7.12B | $7.19B | $7.43B | $7.21B | +5.9% |
| Operating revenue | $7.54B | $7.12B | $7.19B | $7.43B | $7.21B | +5.9% |
| Selling, general & admin | $463.00M | $463.00M | $516.00M | $492.00M | $611.00M | 0.0% |
| Pre-tax income | $4.99B | $4.66B | $4.41B | $4.15B | $4.58B | +7.0% |
| Tax provision | $1.01B | $944.00M | $883.00M | $837.00M | $923.00M | +6.7% |
| Net income | $3.98B | $3.72B | $3.53B | $3.32B | $3.66B | +7.0% |
| Net income to common | $152.00M | $65.00M | $0 | -$7.00M | $6.00M | +133.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $11.41B | $11.48B | $11.45B | $38.23B | $39.35B | -0.6% |
| Accounts receivable | $12.29B | $11.91B | $11.69B | $11.68B | $11.59B | +3.1% |
| Total assets | $4.33T | $4.31T | $4.32T | $4.34T | $4.35T | +0.4% |
| Current debt | $27.67B | $20.60B | $24.54B | $11.10B | $11.04B | +34.3% |
| Long-term debt | $4.16T | $4.15T | $4.16T | $4.20T | $4.22T | +0.2% |
| Total debt | $4.19T | $4.17T | $4.18T | $4.21T | $4.23T | +0.4% |
| Total liabilities | $4.22T | $4.20T | $4.21T | $4.24T | $4.26T | +0.3% |
| Retained earnings | -$16.56B | -$20.54B | -$24.26B | -$31.65B | -$34.96B | +19.4% |
| Shareholder equity | $116.50B | $112.67B | $109.01B | $101.64B | $98.31B | +3.4% |
| Net tangible assets | $116.50B | $112.67B | $109.01B | $101.64B | $98.31B | +3.4% |
| Shares issued | 1.16B | 1.31B | 1.31B | 1.31B | 1.31B | -11.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $9.25B | $16.48B | $5.99B | — | $4.91B | $3.50B | -43.9% |
| Investing cash flow | $9.49B | $32.86B | $65.74B | $41.77B | $54.70B | — | -71.1% |
| Financing cash flow | -$23.19B | -$46.66B | -$68.52B | — | -$59.25B | -$28.67B | +50.3% |
| Free cash flow | $9.25B | $16.48B | $5.99B | — | $4.91B | $3.50B | -43.9% |
| End cash position | $40.81B | $45.26B | $42.58B | — | $38.43B | $38.07B | -9.8% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $7.28B | +1.3% |
| Next quarter | — | — | $7.30B | +0.4% |
| Current year | — | — | $29.29B | +2.4% |
| Next year | — | — | $29.96B | +2.3% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders0.00%
Held by institutions0.70%
Institutions holding2
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
11.19
-6.05% from price
SMA 20
12.17
-13.65% from price
SMA 50
13.52
-22.27% from price
SMA 100
14.60
-28.02% from price
SMA 200
16.79
-37.42% from price
EMA 12
11.28
-6.81% from price
EMA 26
12.23
-14.07% from price
EMA 50
13.14
-20.00% from price
RSI (14)
21.6
Oversold
MACD (12,26,9)
-0.95
Hist -0.15
ATR (14)
0.37
3.54% of price
Realised vol 30D
54.5%
Annualised
Bollinger upper
14.84
20, 2σ
Bollinger lower
9.50
20, 2σ
50 / 200 cross
Death
13.52 vs 16.79
Trend bias
Below 200
-37.42%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.21
Less volatile than market
Correlation to SPY
0.06
Largely independent
Realised vol 30D
54.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-60.7%
Peak to trough
Max drawdown 5Y
-61.8%
Peak to trough
ATR 14
0.37
3.54% of price
Beta (reported)
1.69
5Y monthly, from filing
Short interest
Shares short
26.20K
Prior 26.20K
Change vs prior
0.0%
Shorts covering
% of float
—
—
% of shares out
—
Against total outstanding
Days to cover
4.5
Liquid
Float
1.16B
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield8.43%
Payout ratio—
Ex-dividend dateSep 11, 2008
Next pay dateSep 30, 2008
Last split—
Split date—
Headlines
Fair Isaac to Cut About 15% of Workforce as Competition Intensifies
The Wall Street Journal · 19h ago
Federal National Mortgage Association (FNMA) Wraps Tender Offers, Is The Stock Still Cheap?
Simply Wall St. · 24h ago
Michael Burry Warns of Risks for These Stocks
GuruFocus.com · 1d ago
Freddie Mac Stock And Rate Sensitive Housing Plays Worth A Closer Look
Simply Wall St. · 2d ago
Fannie Mae Announces Results of Tender Offer for Any and All of Certain CAS Notes
PR Newswire · 2d ago
Arbor Realty Trust Declares Preferred Stock Dividends
GlobeNewswire · 2d ago
Walker & Dunlop Arranges $630.6 Million in Loans to Refinance Property Portfolio
MT Newswires · 2d ago
Walker & Dunlop Arranges $630 Million Refinance for IMT Portfolio
Business Wire · 2d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.