Angel Oak Mortgage REIT (AOMR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AOMR SEC filings page.
Angel Oak Mortgage REIT, Inc. (AOMR) reported $157.8M in revenue over the twelve months to Jun 30, 2026, up 24.0% from the prior twelve months. This page shows its 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).
The reported figures describe a highly leveraged mortgage vehicle whose asset growth is funded more by liabilities than retained equity.
Between FY2024 and FY2025, liabilities expanded22.2% while equity expanded11.9% , so asset growth was accompanied by a larger increase in claims than owners’ capital. Net income rose53.1% to$44M , while operating cash flow remained an outflow in both years, indicating reported earnings did not translate into operating cash.
The capital structure is debt-heavy: FY2025 long-term debt was
Financing cash flow was
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Angel Oak Mortgage REIT, Inc.'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.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Angel Oak Mortgage REIT, Inc. scores 42/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Angel Oak Mortgage REIT, Inc. scores 73/100 on it among other REITs.
Not available for Angel Oak Mortgage REIT, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Not available for Angel Oak Mortgage REIT, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Angel Oak Mortgage REIT, Inc. scores 48/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Angel Oak Mortgage REIT, Inc. scores 45/100 on it among other REITs.
Angel Oak Mortgage REIT, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, Angel Oak Mortgage REIT, Inc. used $9.24 of operating cash (-$407.0M OCF vs $44.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Angel Oak Mortgage REIT, Inc. generated $41.4M in revenue in Q2 2026. This represents an increase of 18.0% from the same quarter a year earlier. Against the prior quarter it is up 1.7%.
Angel Oak Mortgage REIT, Inc. reported $3.4M in net income in Q2 2026. This represents an increase of 337.2% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Angel Oak Mortgage REIT, Inc. earned $0.14 per diluted share (EPS) in Q2 2026. This represents an increase of 366.7% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Cash & Balance Sheet
Angel Oak Mortgage REIT, Inc. held $48.6M in cash against $2.5B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Angel Oak Mortgage REIT, Inc.'s net profit margin was 8.1% in Q2 2026, showing the share of revenue converted to profit. This is up 5.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 26.2 percentage points.
Angel Oak Mortgage REIT, Inc.'s quarterly ROE was 1.4% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
AOMR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $41.4M+18.0% | $40.7M+23.8% | $39.0M+22.5% | $36.7M+33.6% | $35.1M+35.5% | $32.9M+30.4% | $31.9M+29.8% | $27.4M+14.8% |
| Interest Expense | $30.7M+21.9% | $28.6M+25.5% | $28.1M+27.9% | $26.5M+43.7% | $25.2M+53.0% | $22.8M+37.0% | $22.0M+34.9% | $18.4M+11.7% |
| Income Tax | $0n/m | $0n/m | $45Kn/m | $307K-89.2% | $0-100.0% | $0-100.0% | $0-100.0% | $2.8Mn/m |
| Net Income | $3.4M+337.2% | -$7.4M-135.9% | $11.3Mn/m | $11.4M-63.4% | $767Kn/m | $20.5M+59.5% | -$15.1M-152.6% | $31.2M+277.2% |
| EPS (Basic) | $0.14+366.7% | -$0.30-134.1% | $0.45n/m | $0.49-62.6% | $0.03n/m | $0.88+69.2% | -$0.61-152.6% | $1.31+297.0% |
| EPS (Diluted) | $0.14+366.7% | -$0.30-134.5% | $0.44n/m | $0.46-64.3% | $0.03n/m | $0.87+70.6% | -$0.59-151.3% | $1.29+290.9% |
| Diluted Shares (Avg) | 24M+2.6% | 25M+4.7% | N/A | 25M+2.0% | 24M-4.1% | 24M-5.3% | N/A | 24M-3.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
AOMR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.0B+17.1% | $2.8B+5.0% | $2.7B+21.1% | $2.6B+14.5% | $2.6B+20.8% | $2.7B+18.9% | $2.3B-1.7% | $2.3B+0.4% |
| Cash & Equivalents | $48.6M+20.1% | $42.0M+8.4% | $41.6M+2.1% | $51.6M+22.7% | $40.5M-7.9% | $38.7M-1.8% | $40.8M-2.1% | $42.1M+0.4% |
| Total Liabilities | $2.8B+19.4% | $2.6B+5.3% | $2.5B+22.2% | $2.4B+16.4% | $2.3B+24.2% | $2.4B+21.9% | $2.0B-1.0% | $2.0B-1.2% |
| Long-Term Debt | $2.5B | $2.4B | $2.3B+25.0% | $2.2B | N/A | N/A | $1.8B | N/A |
| Total Equity | $234.9M-4.7% | $256.9M+2.2% | $267.5M+11.9% | $264.2M-0.4% | $246.4M-3.7% | $251.5M-4.5% | $239.0M-6.7% | $265.1M+14.4% |
| Retained Earnings | -$225.6Mn/m | -$221.4Mn/m | -$206.0Mn/m | -$209.2Mn/m | -$212.8Mn/m | -$205.9Mn/m | -$218.8Mn/m | -$195.9Mn/m |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities.
AOMR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$81.9M-496.8% | -$143.7Mn/m | -$52.5Mn/m | -$173.4Mn/m | $20.6Mn/m | -$201.7M-601.6% | -$25.1Mn/m | -$212.4M-444.1% |
| Depreciation & Amortization | $0n/m | $0n/m | $0n/m | $0n/m | -$23Kn/m | -$38Kn/m | -$17Kn/m | -$65Kn/m |
| Stock-Based Compensation | $423K+42.9% | $423K+78.5% | N/A | $398K-34.1% | $296K-53.0% | $237K-62.4% | N/A | $604K+35.1% |
| Investing Cash Flow | $29.8M-57.5% | $403Kn/m | -$7.2M-120.9% | $26.7M-72.6% | $70.1Mn/m | -$75.9Mn/m | $34.5Mn/m | $97.1M-30.0% |
| Financing Cash Flow | $60.5Mn/m | $141.7M-49.1% | $51.6Mn/m | $155.8M+36.7% | -$89.8M-361.7% | $278.2Mn/m | -$11.3M-117.7% | $113.9Mn/m |
| Dividends Paid | $7.4M-2.5% | $8.0M+6.0% | $8.0M+6.0% | $7.8M+4.2% | $7.6M-4.9% | $7.5M-5.9% | $7.5M-5.8% | $7.5M-5.8% |
| Share Buybacks | N/A | N/A | $0n/m | $0 | N/A | N/A | $0n/m | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
AOMR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 8.1%+5.9pp | -18.1%-80.6pp | 29.0%+76.2pp | 31.1% | 2.2%+3.2pp | 62.5%+11.4pp | -47.2% | 113.7% |
| Return on Equity | 1.4%+1.1pp | -2.9%-11.0pp | 4.2%+10.5pp | 4.3%-7.4pp | 0.3%+0.4pp | 8.2%+3.3pp | -6.3%-17.5pp | 11.8%+8.2pp |
| Return on Assets | 0.1%+0.1pp | -0.3%-1.0pp | 0.4%+1.1pp | 0.4%-0.9pp | 0.0%0.0pp | 0.8%+0.2pp | -0.7%-1.9pp | 1.4%+1.0pp |
| Debt-to-Equity | 10.62 | 9.41 | 8.51+0.9x | 8.37 | N/A | N/A | 7.62 | N/A |
| Liabilities-to-Equity | 11.74+2.4x | 9.94+0.3x | 9.28+0.8x | 8.99+1.3x | 9.37+2.1x | 9.64+2.1x | 8.50+0.5x | 7.69-1.2x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Angel Oak Mortgage REIT, Inc. AOMR | FY2025 | $143.7M | $44.0M | 30.6% | $166.0M | 52/100 |
| TPG Mortgage Investment Trust, Inc. MITT | FY2025 | N/A | $48.7M | N/A | $183.5M | — |
| Claros Mortgage Trust, Inc. CMTG | FY2025 | $187.8M | -$489.1M | N/A | $160.8M | 4/100 |
| Ares Commercial Real Estate Corporation ACRE | FY2025 | $54.8M | -$902K | -1.6% | $189.7M | 10/100 |
| Ready Capital Corporation RC | FY2025 | $101.7M | -$228.9M | N/A | $176.8M | 3/100 |
| Seven Hills Realty Trust SEVN | FY2025 | $29.4M | $15.4M | 52.5% | $151.1M | 52/100 |
Where Angel Oak Mortgage REIT, Inc. Ranks
Frequently Asked Questions
Angel Oak Mortgage REIT, Inc. (AOMR) 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.
Angel Oak Mortgage REIT, Inc. (AOMR) revenue grew by 30.1% year-over-year, from $110.4M to $143.7M in fiscal year 2025.
Yes, Angel Oak Mortgage REIT, Inc. (AOMR) reported a net income of $18.7M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $44.0M, with a net profit margin of 30.6%.
As of fiscal year 2025, Angel Oak Mortgage REIT, Inc. (AOMR) had $41.6M in cash and equivalents against $2.3B in long-term debt.
Angel Oak Mortgage REIT, Inc. (AOMR) had a net profit margin of 30.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Angel Oak Mortgage REIT, Inc. (AOMR) has a return on equity of 16.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Angel Oak Mortgage REIT, Inc. (AOMR) recorded an outflow of $407.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Angel Oak Mortgage REIT, Inc. (AOMR) had $2.7B in total assets as of fiscal year 2025, including both current and long-term assets.
Angel Oak Mortgage REIT, Inc. (AOMR) had a debt-to-equity ratio of 8.51 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Angel Oak Mortgage REIT, Inc. (AOMR) had a liabilities-to-equity ratio of 9.28 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Angel Oak Mortgage REIT, Inc. (AOMR) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Angel Oak Mortgage REIT, Inc. (AOMR) trades at 8.9x earnings, its market capitalization divided by $18.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $166.0M as of Nov 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Angel Oak Mortgage REIT, Inc. (AOMR) trades at 1.1x sales, its market capitalization divided by $157.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $166.0M as of Nov 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Angel Oak Mortgage REIT, Inc. (AOMR) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.
For every $1 of reported earnings, Angel Oak Mortgage REIT, Inc. (AOMR) used $9.24 of operating cash (-$407.0M OCF vs $44.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.
Angel Oak Mortgage REIT, Inc. (AOMR) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is the average of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Angel Oak Mortgage REIT, Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.