What is Angel Oak Mortgage REIT's earnings per share (EPS)?

Angel Oak Mortgage REIT (AOMN) reported diluted earnings per share of $1.80 for fiscal year 2025. This represents a 53.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Angel Oak Mortgage REIT Financials

AOMN

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Angel Oak Mortgage REIT (AOMN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AOMN FY2025 2026-04-22

Leverage, not sales growth, is the dominant mechanic: a $2.3B debt-funded balance sheet sits behind only $143.7M of FY2025 revenue.

FY2023 operating cash flow of $306.4M flipped to -$221.5M in FY2024 and -$407.0M in FY2025 even as net income stayed positive at $28.8M and then $44.0M. That profit-to-cash break suggests recent earnings are being shaped much more by balance-sheet movements than by cash actually arriving from reported revenue.

With long-term debt rising from $1.82B in FY2024 to $2.28B in FY2025 while equity was only $267.5M, the business is financed primarily through borrowings rather than retained capital. Interest expense of $102.6M absorbed about 71.4% of FY2025 revenue, so equity results are highly sensitive to funding costs and asset performance.

Cash stayed near $41.6M in FY2025 while dividends paid were $30.9M and operating cash flow was -$407.0M; the shortfall was covered by $395.7M of financing inflow. That combination points to a thin cash cushion and a model that relies on external financing to bridge cash needs, not just internal cash generation.

Financial Health Signals

Financial Profile 19/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Angel Oak Mortgage REIT's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Angel Oak Mortgage REIT's revenue surged 30.1% year-over-year to $143.7M, reflecting rapid business expansion. This strong growth earns a score of 71/100.

Leverage

Angel Oak Mortgage REIT has elevated debt relative to equity (D/E of 8.51), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Returns

Angel Oak Mortgage REIT's ROE of 16.5% shows moderate profitability relative to equity, earning a score of 43/100. This is up from 12.0% the prior year.

Piotroski F-Score Weak

3/9

Angel Oak Mortgage REIT passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

-9.24x

For every $1 of reported earnings, Angel Oak Mortgage REIT generates $-9.24 in operating cash flow (-$407.0M OCF vs $44.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$143.7M

YoY+30.1%

5Y CAGR+28.6%

Angel Oak Mortgage REIT generated $143.7M in revenue in fiscal year 2025. This represents an increase of 30.1% from the prior year.

EBITDA

N/A

Net Income

$44.0M

YoY+53.1%

5Y CAGR+126.7%

Angel Oak Mortgage REIT reported $44.0M in net income in fiscal year 2025. This represents an increase of 53.1% from the prior year.

EPS (Diluted)

$1.80

YoY+53.8%

5Y CAGR+104.8%

Angel Oak Mortgage REIT earned $1.80 per diluted share (EPS) in fiscal year 2025. This represents an increase of 53.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$41.6M

YoY+2.1%

5Y CAGR-0.9%

Angel Oak Mortgage REIT held $41.6M in cash against $2.3B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

25M

YoY+6.0%

5Y CAGR+9.6%

Angel Oak Mortgage REIT had 25M shares outstanding in fiscal year 2025. This represents an increase of 6.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

30.6%

YoY+4.6pp

5Y CAGR+28.8pp

Angel Oak Mortgage REIT's net profit margin was 30.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.6 percentage points from the prior year.

Return on Equity

16.5%

YoY+4.4pp

5Y CAGR+16.2pp

Angel Oak Mortgage REIT's ROE was 16.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Angel Oak Mortgage REIT spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

N/A

AOMN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$143.7M+30.1%	$110.4M+15.1%	$96.0M-17.0%	$115.5M+90.8%	$60.6M+48.3%	$40.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$16.4M-15.5%	$19.4M-2.3%	$19.9M+63.4%	$12.2M+101.0%	$6.1M+260.7%	$1.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$102.6M+39.5%	$73.5M+9.6%	$67.1M+6.4%	$63.0M+449.2%	$11.5M+53.0%	$7.5M
Income Tax	$352K-89.2%	$3.3M+161.7%	$1.2M+136.0%	-$3.5M-316.1%	$1.6M	$0
Net Income	$44.0M+53.1%	$28.8M-14.7%	$33.7M+117.9%	-$187.8M-989.7%	$21.1M+2768.6%	$736K
EPS (Diluted)	$1.80+53.8%	$1.17-13.3%	$1.35+117.6%	$-7.65-857.4%	$1.01+1920.0%	$0.05

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$40.7M+4.3%	$39.0M+6.5%	$36.7M+4.5%	$35.1M+6.8%	$32.9M+3.1%	$31.9M+16.1%	$27.4M+6.0%	$25.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.2M+0.4%	$5.2M+61.9%	$3.2M-37.5%	$5.1M+70.0%	$3.0M-45.1%	$5.5M+43.0%	$3.8M-30.3%	$5.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$28.6M+1.6%	$28.1M+6.3%	$26.5M+5.3%	$25.2M+10.4%	$22.8M+3.5%	$22.0M+19.4%	$18.4M+12.1%	$16.4M
Income Tax	$0-100.0%	$45K-85.3%	$307K	$0	$0	$0-100.0%	$2.8M+1894.4%	$142K
Net Income	-$7.4M-165.2%	$11.3M-0.8%	$11.4M+1387.6%	$767K-96.3%	$20.5M+236.4%	-$15.1M-148.2%	$31.2M+11530.0%	-$273K
EPS (Diluted)	$-0.30	N/A	$0.46+1433.3%	$0.03-96.6%	$0.87	N/A	$1.29+13000.0%	$-0.01

AOMN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.7B+21.1%	$2.3B-1.7%	$2.3B-21.7%	$2.9B+14.3%	$2.6B+405.8%	$509.7M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$41.6M+2.1%	$40.8M-2.1%	$41.6M+42.2%	$29.3M-28.3%	$40.8M-6.4%	$43.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.5B+22.2%	$2.0B-1.0%	$2.1B-24.3%	$2.7B+29.9%	$2.1B+698.4%	$261.3M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.3B+25.0%	$1.8B	N/A	N/A	N/A	N/A
Total Equity	$267.5M+11.9%	$239.0M-6.7%	$256.1M+8.3%	$236.5M-51.9%	$491.4M+97.9%	$248.3M
Retained Earnings	-$206.0M+5.9%	-$218.8M-1.2%	-$216.2M+0.8%	-$218.0M-1991.4%	$11.5M+343.2%	$2.6M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$2.8B+2.2%	$2.7B+4.2%	$2.6B+3.3%	$2.6B-4.6%	$2.7B+17.9%	$2.3B-1.5%	$2.3B+9.0%	$2.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$42.0M+0.8%	$41.6M-19.3%	$51.6M+27.4%	$40.5M+4.7%	$38.7M-5.1%	$40.8M-3.1%	$42.1M-4.3%	$44.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.6B+2.9%	$2.5B+4.6%	$2.4B+2.9%	$2.3B-4.8%	$2.4B+19.4%	$2.0B-0.4%	$2.0B+9.7%	$1.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.4B+6.2%	$2.3B+2.9%	$2.2B	N/A	N/A	$1.8B	N/A	N/A
Total Equity	$256.9M-4.0%	$267.5M+1.3%	$264.2M+7.2%	$246.4M-2.0%	$251.5M+5.2%	$239.0M-9.9%	$265.1M+3.6%	$255.8M
Retained Earnings	-$221.4M-7.5%	-$206.0M+1.6%	-$209.2M+1.7%	-$212.8M-3.3%	-$205.9M+5.9%	-$218.8M-11.7%	-$195.9M+10.8%	-$219.6M

AOMN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$407.0M-83.8%	-$221.5M-172.3%	$306.4M+192.5%	-$331.1M+78.9%	-$1.6B-4656.8%	$34.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$13.7M-88.7%	$120.5M+162.1%	-$194.1M-129.2%	$664.3M+244.3%	-$460.5M-778.2%	-$52.4M
Financing Cash Flow	$395.7M+298.4%	$99.3M+192.2%	-$107.7M+68.9%	-$345.7M-117.0%	$2.0B+3613.2%	$54.8M
Dividends Paid	$30.9M-0.3%	$31.0M-2.8%	$31.9M-23.4%	$41.7M+242.6%	$12.2M	$0
Share Buybacks	$0-100.0%	$19.9M	$0-100.0%	$6.9M+47.3%	$4.7M	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$143.7M-173.7%	-$52.5M+69.7%	-$173.4M-939.7%	$20.6M+110.2%	-$201.7M-704.2%	-$25.1M+88.2%	-$212.4M-777.4%	-$24.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$403K+105.6%	-$7.2M-127.1%	$26.7M-62.0%	$70.1M+192.4%	-$75.9M-319.9%	$34.5M-64.5%	$97.1M+1655.6%	-$6.2M
Financing Cash Flow	$141.7M+174.7%	$51.6M-66.9%	$155.8M+273.4%	-$89.8M-132.3%	$278.2M+2571.1%	-$11.3M-109.9%	$113.9M+231.8%	$34.3M
Dividends Paid	$8.0M0.0%	$8.0M+1.7%	$7.8M+3.1%	$7.6M+1.1%	$7.5M0.0%	$7.5M0.0%	$7.5M-5.9%	$8.0M
Share Buybacks	N/A	$0	N/A	N/A	N/A	$0	N/A	N/A

AOMN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	30.6%+4.6pp	26.0%-9.1pp	35.1%+197.7pp	-162.6%-197.4pp	34.9%+33.1pp	1.8%
Return on Equity	16.5%+4.4pp	12.0%-1.1pp	13.2%+92.6pp	-79.4%-83.7pp	4.3%+4.0pp	0.3%
Return on Assets	1.6%+0.3pp	1.3%-0.2pp	1.5%+7.8pp	-6.4%-7.2pp	0.8%+0.7pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.51+0.9	7.62-0.4	8.01-3.4	11.46+7.2	4.25+3.2	1.05
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-18.1%-47.1pp	29.0%-2.1pp	31.1%+28.9pp	2.2%-60.3pp	62.5%+109.7pp	-47.2%-160.9pp	113.7%+114.8pp	-1.1%
Return on Equity	-2.9%-7.1pp	4.2%-0.1pp	4.3%+4.0pp	0.3%-7.8pp	8.2%+14.5pp	-6.3%-18.1pp	11.8%+11.9pp	-0.1%
Return on Assets	-0.3%-0.7pp	0.4%-0.0pp	0.4%+0.4pp	0.0%-0.7pp	0.8%+1.4pp	-0.7%-2.0pp	1.4%+1.4pp	-0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.41+0.9	8.51+0.1	8.37-1.0	9.37-0.3	9.64+2.0	7.62-0.1	7.69+0.4	7.26
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Angel Oak Mortgage REIT's annual revenue?

Angel Oak Mortgage REIT (AOMN) reported $143.7M in total revenue for fiscal year 2025. This represents a 30.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Angel Oak Mortgage REIT's revenue growing?

Angel Oak Mortgage REIT (AOMN) revenue grew by 30.1% year-over-year, from $110.4M to $143.7M in fiscal year 2025.

Is Angel Oak Mortgage REIT profitable?

Yes, Angel Oak Mortgage REIT (AOMN) reported a net income of $44.0M in fiscal year 2025, with a net profit margin of 30.6%.

How much debt does Angel Oak Mortgage REIT have?

As of fiscal year 2025, Angel Oak Mortgage REIT (AOMN) had $41.6M in cash and equivalents against $2.3B in long-term debt.

What is Angel Oak Mortgage REIT's net profit margin?

Angel Oak Mortgage REIT (AOMN) had a net profit margin of 30.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Angel Oak Mortgage REIT's return on equity (ROE)?

Angel Oak Mortgage REIT (AOMN) has a return on equity of 16.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Angel Oak Mortgage REIT's operating cash flow?

Angel Oak Mortgage REIT (AOMN) generated -$407.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Angel Oak Mortgage REIT's total assets?

Angel Oak Mortgage REIT (AOMN) had $2.7B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Angel Oak Mortgage REIT have outstanding?

Angel Oak Mortgage REIT (AOMN) had 25M shares outstanding as of fiscal year 2025.

What is Angel Oak Mortgage REIT's debt-to-equity ratio?

Angel Oak Mortgage REIT (AOMN) had a debt-to-equity ratio of 8.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Angel Oak Mortgage REIT's return on assets (ROA)?

Angel Oak Mortgage REIT (AOMN) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Angel Oak Mortgage REIT's cash runway?

Based on fiscal year 2025 data, Angel Oak Mortgage REIT (AOMN) had $41.6M in cash against an annual operating cash burn of $407.0M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Angel Oak Mortgage REIT's Piotroski F-Score?

Angel Oak Mortgage REIT (AOMN) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Angel Oak Mortgage REIT's earnings high quality?

Angel Oak Mortgage REIT (AOMN) has an earnings quality ratio of -9.24x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Angel Oak Mortgage REIT?

Angel Oak Mortgage REIT (AOMN) scores 19 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.