Angel Oak Mortgage REIT, Inc.
Business
Angel Oak Mortgage REIT, Inc. is a real estate finance company that acquires and invests in first and second lien non-QM loans and other mortgage-related assets sourced primarily from its affiliate Angel Oak Mortgage Lending and other originators. The company focuses on newly-originated non-QM loans made to higher-quality borrowers, complemented by investments in residential mortgage loans, RMBS, commercial mortgage assets, and other mortgage-related securities. Angel Oak Mortgage REIT operates as an externally managed REIT with a vertically integrated platform providing access to proprietary loan originations, market intelligence, and securitization expertise across U.S. mortgage markets.
Summary from 10-K filed 2026-03-03
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest income | 144 | 110 | 96 | 116 | 61 | |
| Interest expense | 103 | 74 | 67 | — | — | |
| NET INTEREST INCOME | 41 | 37 | 29 | 53 | 49 | |
| Net realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS | −11 | −9 | −38 | −9 | −5 | |
| Net unrealized gain (loss) on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts | 31 | 24 | 63 | −202 | −2 | |
| TOTAL REALIZED AND UNREALIZED GAINS (LOSSES), NET | 20 | 15 | 26 | −210 | −7 | |
| Stock compensation | 1 | 2 | 2 | 6 | 2 | |
| Securitization costs | 4 | 4 | 2 | 3 | 0 | |
| Management fee incurred with affiliate | 5 | 5 | 6 | 8 | 6 | |
| Total operating expenses | 16 | 19 | 20 | 33 | 19 | |
| INCOME (LOSS) BEFORE INCOME TAXES | 45 | 32 | 35 | −191 | 23 | |
| Income tax expense (benefit) | 531,000 | 3 | — | — | — | |
| NET INCOME (LOSS) ALLOCABLE TO COMMON STOCKHOLDERS | 44 | 29 | 34 | −188 | 21 | |
| Other comprehensive income (loss) | 2 | 2 | 16 | −24 | 4 | |
| TOTAL COMPREHENSIVE INCOME (LOSS) | 46 | 30 | 50 | −212 | 25 | |
| Basic earnings (loss) per common share (USD per share) | 1.85 | 1.18 | 1.36 | −7.65 | 1.02 | |
| Diluted earnings (loss) per common share (USD per share) | 1.8 | 1.17 | 1.35 | −7.65 | 1.01 | |
| Basic (in shares) | 24 | 24 | 25 | 25 | 21 | |
| Diluted (in shares) | 24 | 24 | 25 | 25 | 21 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 42 | 41 | 42 | 29 | 41 | |
| Restricted cash | 4 | 2 | 3 | 11 | 12 | |
| Principal and interest receivable | 10 | 8 | 8 | 17 | 26 | |
| TBA securities and interest rate futures contracts - at fair value | 240,000 | 2 | 0 | 15 | 2 | |
| Other assets | 43 | 37 | 33 | 20 | 3 | |
| Total assets | 2,750 | 2,270 | 2,308 | 2,946 | 2,578 | |
| Notes payable | 219 | 129 | 291 | 640 | 853 | |
| Securities sold under agreements to repurchase | 54 | 51 | 194 | 53 | 609 | |
| Senior unsecured notes | 89 | 48 | — | — | — | |
| TBA securities and interest rate futures contracts - at fair value | 32,000 | 0 | — | — | — | |
| Due to broker | 198 | 202 | 392 | 1,000 | 0 | |
| Interest payable | 3 | 934,000 | 820,000 | 3 | 1 | |
| Income taxes payable | 0 | 3 | 1 | 0 | 2 | |
| Total liabilities | 2,482 | 2,031 | 2,052 | 2,710 | 2,087 | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock, $0.01 par value. As of December 31, 2025: 350,000,000 shares authorized, 24,914,647 shares issued and outstanding. As of December 31, 2024: 350,000,000 shares authorized, 23,500,175 shares issued and outstanding. | 249,000 | 234,000 | 249,000 | 249,000 | 252,000 | |
| Additional paid-in capital | 475 | 461 | 477 | 475 | 477 | |
| Accumulated other comprehensive income (loss) | −1 | −3 | −5 | −21 | 3 | |
| Retained earnings (deficit) | −206 | −219 | −216 | −218 | 12 | |
| Total stockholders equity | 268 | 239 | 256 | 236 | 491 | |
| Total liabilities and stockholders equity | 2,750 | 2,270 | 2,308 | 2,946 | 2,578 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net realized (gain) loss on mortgage loans, derivative contracts, RMBS, and CMBS | 11 | 9 | 38 | 9 | 5 | |
| Net unrealized (gain) loss on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts | −31 | −24 | −63 | 202 | 2 | |
| Amortization of debt issuance costs | 788,000 | 462,000 | 1 | 1 | 458,000 | |
| Accretion of non-recourse securitized obligation discount | 4 | 5 | 2 | 0 | — | |
| Accretion of discount on U.S. Treasury securities | −61,000 | −565,000 | −1 | 0 | — | |
| Stock compensation | 1 | 2 | 2 | 6 | 2 | |
| TBA securities and interest rate futures contracts | −5 | 11 | — | — | — | |
| Principal and interest receivable on residential mortgage loans | −2 | −640,000 | 10 | 12 | −21 | |
| Other assets | −8 | −1 | −233,000 | −130,000 | −6 | |
| Management fee payable to affiliate | −3,000 | −727,000 | −574,000 | 122,000 | 2 | |
| Income tax payable | −3 | 2 | 1 | −3 | 2 | |
| Interest payable | 2 | 114,000 | −2 | 1 | 1 | |
| Cash Provided by (Used in) Operating Activity, Including Discontinued Operation, Total | −407 | −221 | 306 | −331 | −1,568 | |
| Purchases of investments in RMBS, available for sale | −11 | −19 | −1,022 | −420 | −1,481 | |
| Purchases of investments in whole pool agency RMBS, trading | −912 | −1,131 | −1,354 | 0 | — | |
| Sale of investments in RMBS, available for sale | 28 | 0 | 1,006 | 812 | 1,120 | |
| Sale of investments in whole pool agency RMBS, trading | 913 | 1,121 | 1,333 | 0 | — | |
| Purchase of investments in U.S. Treasury securities | −75 | −350 | −998 | −350 | −605 | |
| Investments in majority-owned affiliates | −4 | −4 | −16 | 0 | — | |
| Principal payments on RMBS and CMBS securities | 448,000 | 3 | 3 | 14 | 11 | |
| Maturities of U.S. Treasury securities | 75 | 500 | 850 | 600 | 505 | |
| Principal payments on commercial mortgage loans | 12,000 | 33,000 | 37,000 | 53,000 | 21,000 | |
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 14 | 121 | −194 | 664 | −460 | |
| Proceeds from issuances of common stock, net of issuance costs | 12 | 2 | 0 | — | — | |
| Dividends paid to common stockholders | −31 | −31 | −32 | −42 | −12 | |
| Principal payments on non-recourse securitization obligation | −249 | −170 | −101 | −202 | −61 | |
| Cash paid for debt issuance costs | −666,000 | −1 | 0 | −457,000 | −3 | |
| Proceeds from securitizations | 531 | 576 | 233 | 675 | 680 | |
| Net proceeds from (repurchases of) securities sold under agreements to repurchase | 3 | −143 | 141 | −557 | 431 | |
| Net proceeds from (payments on) notes payable | 89 | −161 | −349 | 8 | 772 | |
| Net proceeds from issuance of senior notes | 41 | 48 | 0 | — | — | |
| Repurchase of common stock | 0 | −20 | 0 | −7 | −5 | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 396 | 99 | −108 | −346 | 2,035 | |
| CHANGE IN CASH AND RESTRICTED CASH | 2 | −2 | 5 | −12 | 6 | |
| Cash paid during the period for interest | 95 | 66 | 65 | 62 | 10 | |
| Cash paid during the period for income tax expense | 3 | 2 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Angel Oak Mortgage REIT, Inc.'s CIK number?
Angel Oak Mortgage REIT, Inc.'s SEC CIK number is 0001766478 (1766478). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Angel Oak Mortgage REIT, Inc.'s SEC filings?
All of Angel Oak Mortgage REIT, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Angel Oak Mortgage REIT, Inc. last report earnings?
Angel Oak Mortgage REIT, Inc. (AOMR) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-030126). This is Angel Oak Mortgage REIT, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Angel Oak Mortgage REIT, Inc.'s most recent earnings 8-K?
Angel Oak Mortgage REIT, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001628280-26-030126. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Angel Oak Mortgage REIT, Inc.'s latest earnings 8-K →
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