Orchid Island Capital, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Orchid Island Capital, 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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Selling, general and administrative	9.09	11.2	12	10.4	10.5	15.3
Income tax	0	0	0	0	0	0	0	0	0	0
Net income	1.98	2.01	-44.4	24.3	2.13	-64.8	-258	-39.2	37.7	159
EPS, basic	0.08	0.05	-0.85	0.43	0.16	-2.67	-6.90	-0.89	0.57	1.24
EPS, diluted	0.08	0.05	-0.85	0.43	0.03	-0.54	-6.90	-0.89	0.57	1.24
Shares, basic (weighted)	24.1	41.1	52.2	56.3	13.4	24.2	37.5	44.6	65.4	128
Shares, diluted (weighted)	24.1	41.1	52.2	56.3	67.2	121	37.5	44.6	65.4	128
Dividend per share	8.40	8.40	5.35	4.80	3.95	3.90	2.48	1.80	1.44	1.44

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	73.5	214	108	194	220	385	206	172	309	666
Total assets	3,139	4,023	3,396	3,882	4,058	7,069	3,866	4,265	5,722	11,676
Total liabilities	2,806	3,561	3,060	3,487	3,643	6,301	3,427	3,795	5,053	10,304
Paid-in capital	332	462	380	415	433	850	780	850	1,010	1,553
Retained earnings	0	0	-44.4	-20.1	-18	-82.8	-341	-380	-343	-184
Other comprehensive income							0	0.02	0.14	0.42
Shareholders' equity	333	462	336	396	415	768	439	470	669	1,372
Total equity	333	462	336	396	415	768	439	470	669	1,372
Total liabilities and equity	3,139	4,023	3,396	3,882	4,058	7,069	3,866	4,265	5,722	11,676
Shares outstanding	33	53.1	49.1	63.1	15.2	35.4	36.8	51.6	82.6	182

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	1.98	2.01	-44.4	24.3	2.13	-64.8	-258	-39.2	37.7	159
Stock-based compensation					0.24	0.77	0.69	1.2	0.55	0.31
Cash from operations	47	85	94	48.2	55.4	96.4	289	8	67	120
Purchases of investments	-3,172	-6,499	-3,894	-4,242	-4,859	-37.4	0	-97.8	-446
Sales and maturities of investments						0	0	37.5	450	75
Cash from investing	-912	-803	380	-355	-199	-3,017	2,441	-441	-1,415	-5,376
Stock issued	118	198	0	92.3	71.1	514	40.6	159	259	741
Share buybacks	0	0	-26.4	-3.02	-0.07	-0.3	-24.8	-9.76	-3.46	-7.38
Dividends paid	-36.8	-67.9	-59.3	-53.3	-53.6	-91	-93.5	-80.8	-92.5	-179
Cash from financing	889	870	-594	459	165	3,071	-2,943	396	1,483	5,645
Net change in cash	16.2	152	-120	152	20.9	151	-213	-36.9	135	390
Interest paid	14.6	37	70.4	79	35	7.46	53.3	203	233	285

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 $5.71 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	17.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.9%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	322.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	137.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	117.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y	110.5%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	79.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-25.3%	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	16.8%	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	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	-16.5%	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	-18.3%	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	105.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	46.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	27.0%	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	104.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	44.6%	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	23.5%	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	96.0%	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	50.7%	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	13.8%	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
Liabilities / assets	89.0%	Total liabilities / total assets.
Tangible book value	$1.44B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.22	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.
Operating cash flow per share	$1.03	Cash from operations / diluted weighted shares.
Book value per share	$7.22	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$7.22	Tangible book value / shares outstanding.
Cash per share	$3.42	(Cash + short-term investments) / shares outstanding.
Payout ratio	96.8%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.14B	Share price x shares outstanding.
Enterprise value	$457.1M	Market cap + total debt - cash - short-term investments.
P/E	4.66x	Market cap / net income. Only when net income is positive.
P/B	0.79x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.79x	Market cap / tangible book value, when positive.
P/OCF	5.52x	Market cap / cash from operations, when positive.
Earnings yield	21.5%	Net income / market cap (the inverse of P/E).
Dividend yield	20.8%	Dividends paid over the period / market cap.
Shareholder yield	21.5%	(Dividends paid + share buybacks) / market cap.

Was Orchid Island Capital, Inc. profitable in fiscal 2025?

Yes. Net income was $159.0M, 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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