Armour Residential Reit Financials
This page shows Armour Residential Reit (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).
Heavy leverage and constant refinancing drive results more than cash accumulation or steady operating earnings at this balance-sheet-heavy REIT.
FY2025’s profit rebound to$322.7M came with weaker operating cash flow of$124.2M , down from FY2024, so the improvement appears driven more by balance-sheet or valuation movements than by cash earnings. That reading fits the cash-flow statement: financing inflows of$7.3B nearly mirrored investing outflows of$7.3B , showing a business that recycles and refinances a very large asset book rather than building liquidity internally.
Assets reached
Cash and equivalents were just
Financial Health Signals
Armour Residential Reit 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.
Armour Residential Reit 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).
For every $1 of reported earnings, Armour Residential Reit 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
Earnings & Revenue
Armour Residential Reit reported $322.7M in net income in fiscal year 2025. This represents an increase of 2341.8% from the prior year.
Armour Residential Reit earned $3.30 per diluted share (EPS) in fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Armour Residential Reit held $63.3M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Armour Residential Reit paid $2.88 per share in dividends in fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Armour Residential Reit's ROE was 14.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 15.3 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Armour Residential Reit spent $19.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1384.2% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
ARR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | N/A | $3.6M-24.8% | $4.7M-4.2% | $4.9M-9.9% | $5.5M-17.1% | $6.6M+18.2% | $5.6M+43.9% | $3.9M+3.0% | $3.8M+64.2% | $2.3M+1.7% | $2.3M-1.4% | $2.3M-18.1% | $2.8M-8.2% | $3.0M+65.8% | $1.8M+238.5% | $543K |
| Interest Expense | N/A | $158.3M+490.8% | $26.8M-1.1% | $27.1M-74.8% | $107.7M+46.7% | $73.4M-31.1% | $106.4M-29.7% | $151.3M+17.4% | $128.9M-19.4% | $159.9M-16.2% | $190.9M-37.6% | $306.0M-20.7% | $385.8M-8.3% | $420.9M+28.4% | $327.8M+209.9% | $105.8M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $25K | N/A | N/A | N/A | $0 | $0+100.0% | -$10K+58.3% | -$24K-147.1% | $51K |
| Net Income | N/A | $322.7M+2341.8% | -$14.4M+78.8% | -$67.9M+70.5% | -$229.9M-1596.6% | $15.4M+107.1% | -$215.1M+13.9% | -$249.9M-135.8% | -$106.0M-158.5% | $181.2M+498.0% | -$45.5M-45.9% | -$31.2M+82.6% | -$179.0M+4.3% | -$187.0M-184.1% | $222.3M+2454.4% | -$9.4M |
| EPS (Diluted) | — | $3.30 | -$0.51+72.6% | -$1.86 | -$10.25 | $0.24+106.7% | -$3.57+22.2% | -$4.59 | -$2.92-170.0% | $4.17 | -$1.67-53.2% | -$1.09+74.8% | -$4.32 | -$4.40 | $0.98 | -$0.15 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ARR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $21.0B+55.0% | $13.5B+9.7% | $12.3B+30.8% | $9.4B+78.8% | $5.3B-4.5% | $5.5B-58.4% | $13.3B+56.8% | $8.5B-5.2% | $8.9B+11.9% | $8.0B-38.9% | $13.1B-19.8% | $16.3B+3.5% | $15.7B-24.6% | $20.9B+236.3% | $6.2B |
| Cash & Equivalents | $63.3M-6.9% | $68.0M-69.4% | $221.9M+154.2% | $87.3M-75.5% | $356.2M+107.5% | $171.7M-37.2% | $273.2M+17.6% | $232.2M-12.5% | $265.2M-2.4% | $271.8M-6.3% | $289.9M-41.4% | $494.6M-0.4% | $496.5M-35.6% | $771.3M+205.6% | $252.4M |
| Total Liabilities | $18.7B+53.8% | $12.2B+10.1% | $11.1B+33.0% | $8.3B+101.4% | $4.1B-9.9% | $4.6B-61.3% | $11.8B+61.3% | $7.3B-3.5% | $7.6B+10.4% | $6.9B-41.8% | $11.8B-18.6% | $14.5B+5.1% | $13.8B-25.5% | $18.6B+232.7% | $5.6B |
| Total Equity | $2.3B+66.1% | $1.4B+7.1% | $1.3B+14.3% | $1.1B-2.7% | $1.1B+21.9% | $938.3M-34.7% | $1.4B+27.7% | $1.1B-15.1% | $1.3B+21.4% | $1.1B-10.9% | $1.2B-30.0% | $1.7B-8.0% | $1.9B-17.6% | $2.3B+268.3% | $626.6M |
| Retained Earnings | -$518.2M+38.4% | -$840.9M-1.7% | -$826.5M-9.0% | -$758.5M-43.5% | -$528.6M+76.8% | -$2.3B-15.2% | -$2.0B-24.6% | -$1.6B-16.1% | -$1.4B+5.3% | -$1.4B-13.6% | -$1.3B-20.3% | -$1.1B-63.7% | -$643.1M-330.8% | -$149.3M-48.0% | -$100.9M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, 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.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $319.5M | $124.2M-52.5% | $261.5M+96.9% | $132.8M+7.0% | $124.1M+957.1% | $11.7M+104.6% | -$257.8M-533.2% | -$40.7M-154.1% | $75.2M-31.7% | $110.1M+154.1% | -$203.4M-185.4% | $238.3M-24.4% | $315.1M-14.9% | $370.4M+7.8% | $343.7M+191.1% | $118.1M |
| Investing Cash Flow | -$6.9B | -$7.3B-332.2% | -$1.7B+44.5% | -$3.0B+22.0% | -$3.9B-873.5% | $503.6M-92.9% | $7.1B+261.4% | -$4.4B-1041.5% | $466.3M+148.6% | -$959.1M-117.5% | $5.5B+149.7% | $2.2B | N/A | $4.3B+130.7% | -$14.1B-198.1% | -$4.7B |
| Financing Cash Flow | $6.6B | $7.3B+456.9% | $1.3B-57.0% | $3.0B-13.8% | $3.5B+1168.1% | -$330.8M+95.2% | -$6.9B-255.0% | $4.5B+855.7% | -$591.7M-175.8% | $780.2M+114.2% | -$5.5B-107.8% | -$2.6B | N/A | -$5.0B-134.8% | $14.3B+195.6% | $4.8B |
| Dividends Paid | $348.8M | $283.5M+74.0% | $163.0M-28.6% | $228.2M+47.8% | $154.4M+42.8% | $108.1M+24.8% | $86.6M-38.3% | $140.5M+23.2% | $114.1M+8.3% | $105.3M-16.9% | $126.6M-30.7% | $182.8M-20.8% | $230.8M-24.8% | $306.8M+13.0% | $271.5M+211.0% | $87.3M |
| Share Buybacks | $11.9M | $19.9M+1384.2% | $1.3M-86.5% | $9.9M+29.6% | $7.7M | $0-100.0% | $777K-95.4% | $17.0M | $0 | $0-100.0% | $14.7M-89.9% | $144.9M+2420.7% | $5.8M-89.2% | $53.0M | $0 | $0 |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ARR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity | 14.3%+15.3pp | -1.1%+4.3pp | -5.3%+15.3pp | -20.7%-22.0pp | 1.3%+24.3pp | -22.9%-5.5pp | -17.4%-8.0pp | -9.4%-23.1pp | 13.7%+17.8pp | -4.2%-1.6pp | -2.5%+7.7pp | -10.2%-0.4pp | -9.8%-19.5pp | 9.6%+11.1pp | -1.5% |
| Return on Assets | 1.5%+1.7pp | -0.1%+0.4pp | -0.5%+1.9pp | -2.4%-2.7pp | 0.3%+4.2pp | -3.9%-2.0pp | -1.9%-0.6pp | -1.3%-3.3pp | 2.0%+2.6pp | -0.6%-0.3pp | -0.2%+0.9pp | -1.1%+0.1pp | -1.2%-2.3pp | 1.1%+1.2pp | -0.1% |
| Debt-to-Equity | 8.29-0.7x | 8.95+0.2x | 8.71+1.2x | 7.48+3.9x | 3.61-1.3x | 4.89-3.4x | 8.24+1.7x | 6.52+0.8x | 5.73-0.6x | 6.31-3.4x | 9.66+1.3x | 8.31+1.0x | 7.27-0.8x | 8.05-0.9x | 8.91 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, FCF Margin.
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Where Armour Residential Reit Ranks
Frequently Asked Questions
Is Armour Residential Reit profitable?
Yes, Armour Residential Reit (ARR) reported a net income of $322.7M in fiscal year 2025.
Does Armour Residential Reit pay dividends?
Yes, Armour Residential Reit (ARR) paid $2.88 per share in dividends during fiscal year 2025.
What is Armour Residential Reit's return on equity (ROE)?
Armour Residential Reit (ARR) has a return on equity of 14.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Armour Residential Reit's operating cash flow?
Armour Residential Reit (ARR) generated $124.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Armour Residential Reit's total assets?
Armour Residential Reit (ARR) had $21.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Armour Residential Reit's debt-to-equity ratio?
Armour Residential Reit (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.
What is Armour Residential Reit's return on assets (ROA)?
Armour Residential Reit (ARR) had a return on assets of 1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Armour Residential Reit's Piotroski F-Score?
Armour Residential Reit (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.
Are Armour Residential Reit's earnings high quality?
Armour Residential Reit (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.