Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 1

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 1
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)(218,849)Total stockholders' equity$264,165 $238,967 Total liabilities and stockholders' equity$2,638,110 $2,269,769 

The accompanying Notes to the Condensed Consolidated Financial Statements are an integral part of this statement.2

Angel Oak Mortgage REIT, Inc.Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)(Unaudited)(in thousands, except for share and per share data)

.Three Months EndedNine Months EndedSeptember 30, 2025September 30, 2024September 30, 2025September 30, 2024INTEREST INCOME, NETInterest income$36,659 $27,444 $104,620 $78,558 Interest expense26,479 18,424 74,414 51,495 NET INTEREST INCOME$10,180 $9,020 $30,206 $27,063 REALIZED AND UNREALIZED GAINS (LOSSES), NETNet realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS$(6,557)$(6,335)$(12,238)$(14,527)Net unrealized gain (loss) on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts11,280 35,172 26,329 48,514 TOTAL REALIZED AND UNREALIZED GAINS (LOSSES), NET$4,723 $28,837 $14,091 $33,987 EXPENSESOperating expenses$1,117 $1,541 $3,653 $5,282 Operating expenses incurred with affiliate510 472 1,379 1,444 Stock compensation398 604 930 1,864 Securitization costs— — 1,866 1,583 Management fee incurred with affiliate1,161 1,204 3,454 3,810 Total operating expenses$3,186 $3,821 $11,282 $13,983 INCOME (LOSS) BEFORE INCOME TAXES$11,717 $34,036 $33,015 $47,067 Income tax expense (benefit)307 2,832 307 3,261 NET INCOME (LOSS) ALLOCABLE TO COMMON STOCKHOLDERS$11