Here are the 10-Q quarterly 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-Q covers the quarterly report filed between annual reports, 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. (ORC) reported a third-quarter 2026 net loss of $178.9 million, versus net income of $72.1 million in the year-earlier quarter; for the nine months ended September 30, 2026, it recorded a net loss of $109.7 million versus net income of $55.6 million. Third-quarter interest income was $164.1 million and net interest income was $59.1 million, compared with $108.4 million and $26.9 million, respectively, in 2025. A $567.1 million unrealized loss on mortgage-backed securities and $335.4 million in derivative gains accompanied a $172.6 million net portfolio loss for the quarter.
At September 30, 2026, mortgage-backed securities had a fair value of $10.7 billion and repurchase agreements totaled $10.4 billion. Net cash provided by operating activities was $195.3 million for the nine months, versus $72.2 million in 2025. During that period, the company issued 18,558,681 shares through its at-the-market program for approximately $137.7 million in gross proceeds and $135.5 million in net proceeds after commissions and fees, and repurchased 6,052,680 shares for approximately $38.5 million. After September 30, it repurchased 1,669,704 shares for approximately $8.4 million.
Orchid Island Capital, a mortgage REIT focused on Agency RMBS, reported net income of $69,237 thousand for the six months ended June 30, 2026, compared with a net loss of $16,456 thousand a year earlier. Basic and diluted earnings per share were $0.35 versus a loss of $0.16.
Net interest income rose to $117,035 thousand on interest income of $322,025 thousand and interest expense of $204,990 thousand. Large unrealized losses on mortgage-backed securities of $143,270 thousand were more than offset by $108,708 thousand of gains on derivatives and other hedging instruments, producing net portfolio income of $83,397 thousand.
Total assets increased to $13,104,112 thousand, funded primarily by repurchase agreements of $11,086,915 thousand, with stockholders’ equity of $1,441,258 thousand. Cash, cash equivalents and restricted cash were $813,635 thousand. Shares outstanding reached 199,603,438, reflecting at-the-market equity issuances and ongoing stock repurchases under an expanded buyback authorization, while 2026 year‑to‑date cash dividends totaled $0.760 per share.
Orchid Island Capital, Inc. reported a net loss of $19.9 million, or $0.11 per share, for the quarter ended March 31, 2026, compared with net income of $17.1 million, or $0.18 per share, a year earlier.
Net interest income rose to $57.1 million from $19.7 million as interest income nearly doubled, but results were pressured by unrealized losses of $116.0 million on mortgage-backed securities, partly offset by $46.3 million gains on derivatives.
Total assets increased to $12.67 billion, including $11.34 billion of mortgage-backed securities funded mainly with $10.86 billion of repurchase agreements. The company issued 14.6 million shares via its at-the-market equity program, raising net proceeds of $107.8 million, and continued its dividend history with 2026 year-to-date cash dividends of $0.46 per share.
Orchid Island Capital reported Q3 2025 results, showing a larger balance sheet and stronger earnings. Total assets were $9.14 billion, up from $5.72 billion at December 31, 2024, driven by mortgage‑backed securities at fair value of $8.36 billion (vs. $5.25 billion). Repurchase agreements rose to $8.01 billion (vs. $5.03 billion) as the company financed portfolio growth.
Net income was $72.08 million for the quarter (vs. $17.32 million a year ago) and $55.62 million year‑to‑date (vs. $32.12 million). Net interest income improved to $26.92 million in Q3 (vs. $0.34 million) and $69.79 million year‑to‑date, supported by $146.50 million of unrealized gains on mortgage‑backed securities, partly offset by $136.72 million of losses on derivatives and other hedging instruments. Shares outstanding were 148,239,401 as of September 30, 2025; the company raised $497.19 million net through its at‑the‑market program in 2025. A $0.12 per share dividend was declared on October 15, 2025, payable November 26, 2025. On October 24, 2025, authorized common shares were increased to 400,000,000.