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ARMOUR Residential REIT, Inc. (ARR) Financials

ARR
FY2025 annual
Revenue Not reported for FY2025
Net Income $322.7M +2341.8% YoY
EPS (Diluted) $3.30 YoY not available
Operating Cash Flow $124.2M -52.5% YoY
Market Cap $1.9B as of Oct 7, 2026
Price / Sales n/m no revenue reported
Price / Earnings 5.9x on $322.7M net income, FY2025
Price / Book 0.7x on $2.6B equity, Q2 FY2026

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 Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 22, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ARR SEC filings page.

This page shows ARMOUR Residential REIT, Inc. (ARR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 ARR FY2025

The reported figures show a mortgage investment vehicle expanding mainly through financing, while annual income can diverge sharply from operating cash generation.

The near-matching $7.3B investing outflow and $7.3B financing inflow in FY2025 indicate that portfolio expansion was funded primarily through capital-market activity. That pattern, combined with only $124M of operating cash flow, makes balance-sheet growth—not recurring operating cash—the clearest description of the reported financial mechanics.

Scale expanded sharply in FY2025: total assets reached $21.0B from $13.5B in FY2024. Liabilities also rose to $18.7B, leaving equity at $2.3B; expansion therefore came with substantial financing obligations rather than being supported solely by retained capital.

Reported net income swung to $323M in FY2025 from a $14M loss in FY2024. Operating cash flow was $124M, so the accounting rebound did not translate one-for-one into cash generation.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

ARMOUR Residential REIT, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
3/5

ARMOUR Residential REIT, Inc. passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality
0.38x

For every $1 of reported earnings, ARMOUR Residential REIT, Inc. generates $0.38 in operating cash flow ($124.2M OCF vs $322.7M 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

Net Income
$114.8M
YoY+251.9%
QoQ+309.3%

ARMOUR Residential REIT, Inc. reported $114.8M in net income in Q2 2026. This represents an increase of 251.9% from the same quarter a year earlier. Against the prior quarter it is up 309.3%.

EPS (Diluted)
$0.86
QoQ+275.5%
10Y CAGR+6.2%

ARMOUR Residential REIT, Inc. earned $0.86 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 275.5%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$83.7M
YoY-40.7%
QoQ+25.9%
5Y CAGR-30.9%
10Y CAGR-14.3%

ARMOUR Residential REIT, Inc. held $83.7M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share
$0.72
QoQ0.0%
5Y CAGR+19.1%
10Y CAGR+0.1%

ARMOUR Residential REIT, Inc. paid $0.72 per share in dividends in Q2 2026. It is unchanged from the prior quarter.

Shares Outstanding
142M
QoQ+14.1%
5Y CAGR+11.2%
10Y CAGR+14.5%

ARMOUR Residential REIT, Inc. had 142M shares outstanding in Q2 2026. Against the prior quarter it is up 14.1%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Return on Equity
4.5%
YoY+9.0pp
QoQ+6.8pp

ARMOUR Residential REIT, Inc.'s ROE was 4.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 9.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.8 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$0
YoY-100.0%
QoQ-100.0%

ARMOUR Residential REIT, Inc. repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

ARR 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.

ARR quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
SG&A Expenses$1.2M+31.0%$953K+17.5%N/A$926K-18.6%$888K-21.8%$811K-43.6%N/A$1.1M-9.9%
Interest Expense$76.8M+132.0%$70.7M+94.6%N/A$38.5M+1994.5%$33.1M+375.0%$36.3M+581.7%N/A$1.8M-48.8%
Net Income$114.8M+251.9%-$54.9M-300.7%N/A$159.3M+141.7%-$75.6M-56.4%$27.3M+88.3%N/A$65.9M+136.8%
EPS (Basic)$0.86+191.5%-$0.49-253.1%$2.15+321.6%$1.50+23.0%-$0.94+10.5%$0.32+33.3%-$0.97-139.8%$1.22+131.1%
EPS (Diluted)$0.86-$0.49-253.1%$2.14+320.6%$1.49-$0.94$0.32+33.3%-$0.97-139.8%$1.21+130.9%
Diluted Shares (Avg)130M120M+58.6%N/A105M84M75M+53.9%N/A52M+11.5%

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.

ARR 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.

ARR quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$22.7B+40.1%$21.5B+38.4%$21.0B+55.0%$19.4B+44.4%$16.2B+61.6%$15.5B+26.9%$13.5B+9.7%$13.4B-3.7%
Cash & Equivalents$83.7M-40.7%$66.5M+35.3%$63.3M-6.9%$44.2M-30.7%$141.2M+11.5%$49.1M-77.8%$68.0M-69.4%$63.9M-56.6%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$20.2B+38.3%$19.1B+38.6%$18.7B+53.8%$17.2B+42.5%$14.6B+64.0%$13.8B+25.8%$12.2B+10.1%$12.1B-4.7%
Total Equity$2.6B+55.4%$2.3B+37.2%$2.3B+66.1%$2.1B+61.7%$1.7B+42.9%$1.7B+36.6%$1.4B+7.1%$1.3B+6.5%
Retained Earnings-$458.2M+48.5%-$573.0M+29.6%-$518.2M+38.4%-$729.9M+8.1%-$889.1M-3.4%-$813.5M-0.2%-$840.9M-1.7%-$794.4M+14.2%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

ARR 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.

ARR quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$210.2M+741.9%$111.6M+9.9%$35.6M-60.7%-$37.8M-180.2%$25.0M-7.8%$101.5M+4.8%$90.4M+49.9%$47.1M+73.4%
Stock-Based CompensationN/A$559K+20.2%N/AN/AN/A$465K-55.8%N/AN/A
Investing Cash Flow-$1.1B-396.3%-$839.6M+59.8%-$1.4B-84.2%-$3.6B-10.9%-$216.2M-110.1%-$2.1B-1269.2%-$737.3M-145.5%-$3.3B-55.3%
Financing Cash Flow$1.1B+209.5%$652.3M-69.0%$1.3B+119.2%$3.5B+9.9%$350.3M+115.7%$2.1B+866.0%$595.0M+137.9%$3.2B+60.8%
Dividends Paid$96.4M+51.9%$89.5M+56.7%$83.8M+82.4%$79.2M+95.7%$63.4M+65.8%$57.1M+49.0%$45.9M-26.0%$40.5M-32.4%
Share Buybacks$0-100.0%$2.0M$0$9.9M$10.0M$0-100.0%$0-100.0%$0-100.0%

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow.

ARR 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.

ARR quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Return on Equity4.5%+9.0pp-2.4%-4.0ppN/A7.5%+2.5pp-4.5%-0.4pp1.6%+0.4ppN/A5.0%+19.5pp
Return on Assets0.5%+1.0pp-0.3%-0.4ppN/A0.8%+0.3pp-0.5%0.0pp0.2%+0.1ppN/A0.5%+1.8pp
Debt-to-Equity7.82-1.0x8.18+0.1x8.29-0.7x8.09-1.1x8.78+1.1x8.10-0.7x8.95+0.2x9.18-1.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF 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.

Company Fiscal year Revenue Net income Net margin Market cap Health score
ARMOUR Residential REIT, Inc. ARR FY2025 N/A $322.7M N/A $1.9B —
Dynex Capital, Inc. DX FY2025 N/A $319K N/A $2.7B —
Apollo Commercial Real Estate Finance, Inc. ARI FY2025 $271.6M $126.7M 46.7% $800.8M 33/100
LADDER CAPITAL CORP LADR FY2025 $266.9M $63.7M 23.9% $1.1B 23/100
Ellington Financial Inc. EFC FY2025 $336.4M $150.8M 44.8% $1.5B 43/100
Chimera Investment Corporation CIM FY2025 N/A $230.5M N/A $768.5M —

Frequently Asked Questions

Is ARMOUR Residential REIT, Inc. profitable?

Yes, ARMOUR Residential REIT, Inc. (ARR) reported a net income of $322.7M in fiscal year 2025.

What is ARMOUR Residential REIT, Inc.'s earnings per share (EPS)?

ARMOUR Residential REIT, Inc. (ARR) reported diluted earnings per share of $3.30 for fiscal year 2025. 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.

Does ARMOUR Residential REIT, Inc. pay dividends?

Yes, ARMOUR Residential REIT, Inc. (ARR) paid $2.88 per share in dividends during fiscal year 2025.

ARMOUR Residential REIT, Inc. (ARR) has a return on equity of 14.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

ARMOUR Residential REIT, Inc. (ARR) generated $124.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

ARMOUR Residential REIT, Inc. (ARR) had $21.0B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, ARMOUR Residential REIT, Inc. (ARR) spent $19.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

ARMOUR Residential REIT, Inc. (ARR) had 119M shares outstanding as of fiscal year 2025.

ARMOUR Residential REIT, Inc. (ARR) had a debt-to-equity ratio of 8.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

ARMOUR Residential REIT, Inc. (ARR) had a return on assets of 1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

ARMOUR Residential REIT, Inc. (ARR) trades at 5.9x earnings, its market capitalization divided by net income of $322.7M net income, FY2025. The market capitalization is $1.9B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

ARMOUR Residential REIT, Inc. (ARR) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $1.9B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

ARMOUR Residential REIT, Inc. (ARR) has a Piotroski F-Score of 3 out of 5 computable signals; 4 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.

ARMOUR Residential REIT, Inc. (ARR) has an earnings quality ratio of 0.38x, 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.

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