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Angel Oak Mortgage REIT, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Angel Oak Mortgage REIT, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2021FY2022FY2023FY2024FY2025
Interest expense7.511.56367.1
Pre-tax income0.7422.7-191353244.6
Income tax01.6-3.461.253.260.35
Net income0.7421.1-18833.728.844
EPS, basic0.051.02-7.651.361.181.85
EPS, diluted0.051.01-7.651.351.171.80
Shares, basic (weighted)15.720.624.524.724.223.7
Shares, diluted (weighted)15.720.924.524.924.424.3

Balance sheet

FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents43.640.829.341.640.841.6
Total assets5102,5782,9462,3082,2702,750
Total liabilities2612,0872,7102,0522,0312,482
Total debt1,8212,277
Paid-in capital246477475477461475
Retained earnings2.611.5-218-216-219-206
Other comprehensive income-1.043-21.1-4.98-3.48-1.31
Shareholders' equity248491236256239268
Total equity248491236256239268
Total liabilities and equity5102,5782,9462,3082,2702,750
Shares outstanding15.725.224.92523.524.9

Cash flow statement

FY2021FY2021FY2022FY2023FY2024FY2025
Net income0.7421.1-18833.728.844
Depreciation and amortization0-1.46-0.57-0.06
Stock-based compensation01.725.751.692.041.35
Deferred income tax0-3.46-4.84-4.06-0.18
Cash from operations34.4-1,568-331306-221-407
Cash from investing-52.4-460664-19412113.7
Debt issued048.441.2
Debt repaid0-60.6
Stock issued01.8812.2
Share buybacks0-4.66-6.860-200
Dividends paid0-12.2-41.7-31.9-31-30.9
Cash from financing54.82,035-346-10899.3396
Net change in cash36.86.34-12.44.64-1.62.39
Interest paid7.8310.361.665.266.394.9
Income taxes paid1.723.28

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $7.55 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Effective tax rate1.8%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)8.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)0.6%Net income / average total assets.

Growth

MetricValueHow it is calculated
Net income growth, 1y53.1%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y126.7%Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y53.8%EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y104.8%Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y11.9%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y4.2%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y1.5%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y21.1%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-2.3%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y40.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y-0.3%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y-0.3%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y9.1%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Debt / equity10.6xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets83.3%Total debt / total assets.
Liabilities / assets92.1%Total liabilities / total assets.
Net debt$2.44BTotal debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value$234.9MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted$0.77Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share-$18.50Cash from operations / diluted weighted shares.
Book value per share$10.13Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$10.13Tangible book value / shares outstanding.
Cash per share$2.10(Cash + short-term investments) / shares outstanding.
Payout ratio166.9%Dividends paid / net income, when net income is positive.

Valuation

MetricValueHow it is calculated
Market cap$175.3MShare price x shares outstanding.
Enterprise value$2.62BMarket cap + total debt - cash - short-term investments.
P/E9.37xMarket cap / net income. Only when net income is positive.
P/B0.75xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.75xMarket cap / tangible book value, when positive.
Earnings yield10.7%Net income / market cap (the inverse of P/E).
Dividend yield17.8%Dividends paid over the period / market cap.
Shareholder yield17.8%(Dividends paid + share buybacks) / market cap.
Was Angel Oak Mortgage REIT, Inc. profitable in fiscal 2025?

Yes. Net income was $44.0M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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