Angel Oak Mortgage REIT, Inc. Earnings Per Share Disclosure
| December 31, 2025 | December 31, 2024 | |||||||||||||
| (in thousands, except share and per share data) | ||||||||||||||
| Basic Earnings per Common Share: | ||||||||||||||
| Net income allocable to common stockholders | $ | 44,024 | $ | 28,750 | ||||||||||
| Dividends allocated to participating securities | (172) | (155) | ||||||||||||
| Net income (loss) to common stockholders - basic | 43,852 | 28,595 | ||||||||||||
| Basic weighted average common shares outstanding | 23,682,302 | 24,179,039 | ||||||||||||
| Basic earnings per common share | $ | 1.85 | $ | 1.18 | ||||||||||
| Diluted Earnings per Common Share: | ||||||||||||||
| Net income (loss) to common stockholders - basic | $ | 44,024 | $ | 28,750 | ||||||||||
| Dividends allocated to participating securities | (172) | (155) | ||||||||||||
| Net income (loss) to common stockholders - diluted | 43,852 | 28,595 | ||||||||||||
| Basic weighted average common shares outstanding | 23,682,302 | 24,179,039 | ||||||||||||
| Net effect of dilutive equity awards | 632,323 | 217,812 | ||||||||||||
| Diluted weighted average common shares outstanding | 24,314,625 | 24,396,851 | ||||||||||||
| Diluted earnings per common share | $ | 1.80 | $ | 1.17 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 3, 2026 | Showing above |
| 2024 | Mar 24, 2025 | |
| 2023 | Mar 15, 2024 | |
| 2022 | Mar 20, 2023 | |
| 2021 | Mar 28, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.