Here are the 10-K annual reports from Orchid Island Capital, Inc. (ORC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ORC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ORC filings page.
Orchid Island Capital, Inc. files its annual report describing a mortgage REIT focused on Agency residential mortgage-backed securities guaranteed by U.S. housing agencies. The company invests in pass-through and structured Agency RMBS, funds mainly with short-term repurchase agreements, and targets leverage generally below 12-to-1.
Orchid elects REIT status and seeks to distribute at least 90% of REIT taxable income, intending to pay out 100% over time. It actively hedges interest-rate and prepayment risks using swaps, futures, swaptions, caps and TBA dollar rolls, and emphasizes liquidity management to meet potential margin calls.
The report highlights extensive risk factors, including rising or inverted yield curves, prepayment variability, repo and TBA financing pressures, valuation uncertainty, market illiquidity, and dependence on external manager Bimini Advisors and the government-supported status of Fannie Mae, Freddie Mac and Ginnie Mae.