Cherry Hill Mortgage Investment Corp financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Cherry Hill Mortgage Investment Corp 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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	31.9	56.8	48.7	-47.3	-56.5	28.1	40.2	-21.2	34.6	23.3
Cost of revenue	2.56	5.78	10.6	17.4	22.6	13.6	11.8	11.2	12.4	9.28
Gross profit	31.9	56.8	38.1	-64.7	-79.1	14.5	28.4	-32.5	22.2	14
General and administrative	3.28	3.82	3.94	5.54	7.74	6.98	5.81	6.43	10.7	7.7
Operating expenses	6.23	8.16	9.89	13.3	15.5	14.8	12.9	13.7	18.3	14.2
Interest expense	7.81	19.9	34.5	54.4	22.1	5.77	17.6	51.6
Pre-tax income	25.7	48.6	38.8	-60.6	-72	13.3	27.3	-34.9	16.3	9.14
Income tax	0.46	0.6	4.53	-9.93	-18.8	0.78	5.07	0.52	4.1	2.2
Net income to minority interests	0.41	0.66	0.44	-0.82	-0.98	0.25	0.45	-0.66	0.24	0.11
Net income	24.8	45.5	28.5	-59.2	-62.1	2.43	11.9	-44.6	2.05	-3
EPS, basic	2.96	3.56	1.95	-3.53	-3.67	0.14	0.60	-1.70	0.07	-0.09
EPS, diluted	2.95	3.56	1.95	-3.53	-3.67	0.14	0.60	-1.70	0.07	-0.09
Shares, basic (weighted)	8.4	12.8	14.6	16.8	16.9	17.3	19.8	26.3	30.4	34.4
Shares, diluted (weighted)	8.41	12.8	14.7	16.8	16.9	17.3	19.8	26.3	30.4	34.4
Dividend per share	1.89	1.75	1.96	1.78	1.21	1.08	1.08	0.72	0.60	0.50

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	15.8	27.3	31.8	24.7	83.9	63.9	57.3	52.9	46.3	54.9
Lease right-of-use assets								0	0.11	0.04
Total assets	793	2,051	2,153	2,945	1,593	1,303	1,409	1,393	1,491	1,541
Total liabilities	637	1,728	1,789	2,545	1,281	1,024	1,143	1,135	1,258	1,302
Total debt	22.9	39.5	158	167	112	146	185	171	152	146
Paid-in capital	148	230	299	299	301	311	345	375	381	397
Retained earnings	12.1	35.2	34.7	-59.5	-142	-158	-169	-233	-250	-270
Treasury stock			0	0
Other comprehensive income	-6.39	-2.94	-38.4	41.4	35.6	7.53	-29.1	-2.55	-7.27	3.67
Shareholders' equity	154	320	361	397	310	276	262	255	230	236
Minority interests	1.78	2.48	3.26	2.78	2.4	2.95
Total equity	156	322	359	399	313	279	266	258	234	239
Total liabilities and equity	793	2,051	2,153	2,945	1,593	1,303	1,409	1,393	1,491	1,541
Shares outstanding	8.41	14.2	16.7	16.7	17.1	18.3	23.5	30	31.6	36.7

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	25.2	48	34.3	-50.7	-53.2	12.5	22.2	-35.5	12.2	6.94
Stock-based compensation	0.62	0.61	0.66	1.03	1.01	0.9	0.5	0.47	0.5	0.29
Change in payables	6.2	-6.2	0	0
Cash from operations	34.5	43.8	62	71.9	62.4	48	59.9	40.7	-4.69	19.1
Acquisitions	0	0
Cash from investing	-146	-1,223	-164	-756	1,260	167	-128	-104	-141	-66.7
Stock issued	0.13	81.2	69	4.11	3.57	10.3	33.3	31.1	5.59	14.8
Share buybacks		0	0	-3.54	-1.75	0	0
Dividends paid	-4.82	-7.27	-11.8	-8.77	-6.73	-7.06	-8.48	-6.65	-7.01	-5.92
Cash from financing	129	1,197	85.4	736	-1,284	-268	57.1	67.2	147	39.3
Net change in cash	17.7	18.2	-16.5	51.7	38.5	-53.4	-11.2	3.77	1.43	-8.29
Interest paid	6.98	14.4	29.8	47.9	16.7	2.27	10.8	28.9	33.7	59.7
Income taxes paid		0.07	0.05	0.26	0.03	0.06	0.04	0.06	0.06	0.05

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 $2.74 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	71.4%	Gross profit / revenue.
Pre-tax margin	56.3%	Pre-tax income / revenue.
Net margin	20.1%	Net income / revenue.
Operating cash flow margin	70.7%	Cash from operations / revenue.
Effective tax rate	10.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	2.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.5%	Net income / average total assets.
Stock-based pay / revenue	0.6%	Stock-based compensation (from the cash flow statement) / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-32.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-16.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y	-36.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-20.9%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	-246.1%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-228.6%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-31.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-21.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	-16.7%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	-22.6%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	-16.2%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	2.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-3.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-5.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	3.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-0.7%	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	13.1%	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	20.3%	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, 5y	15.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.62x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	10.1%	Total debt / total assets.
Liabilities / assets	83.6%	Total liabilities / total assets.
Net debt	$89.4M	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$226.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.02x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.18	Net 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.
Revenue per share	$0.89	Revenue / diluted weighted shares.
Operating cash flow per share	$0.63	Cash from operations / diluted weighted shares.
Book value per share	$6.13	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$6.13	Tangible book value / shares outstanding.
Cash per share	$1.41	(Cash + short-term investments) / shares outstanding.
Payout ratio	63.3%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$101.2M	Share price x shares outstanding.
Enterprise value	$190.7M	Market cap + total debt - cash - short-term investments.
P/E	15.3x	Market cap / net income. Only when net income is positive.
P/S	3.08x	Market cap / revenue.
P/B	0.45x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.45x	Market cap / tangible book value, when positive.
P/OCF	4.36x	Market cap / cash from operations, when positive.
EV/Sales	5.80x	Enterprise value / revenue.
Earnings yield	6.5%	Net income / market cap (the inverse of P/E).
Dividend yield	4.1%	Dividends paid over the period / market cap.
Shareholder yield	4.1%	(Dividends paid + share buybacks) / market cap.

What was Cherry Hill Mortgage Investment Corp's revenue in fiscal 2025?

Cherry Hill Mortgage Investment Corp reported revenue of $23.3M for fiscal 2025, 32.5% lower than the year before.

Was Cherry Hill Mortgage Investment Corp profitable in fiscal 2025?

No. It reported a net loss of $3.0M.

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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