Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 4

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 4
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holders’ EquityStockholders’ equity as of December 31, 2023$249 $477,068 $(4,975)$(216,236)$256,106 Issuance of common stock, net of issuance costs2 2,250 — — 2,252 Repurchase of shares of common stock(17)(19,933)— — (19,950)Dividends paid on common stock — — — (23,514)(23,514)Stock compensation— 1,864 — — 1,864 Unrealized gain (loss) on RMBS and CMBS— — 4,534 — 4,534 Net income (loss)— — — 43,806 43,806 Stockholders’ equity as of September 30, 2024$234 $461,249 $(441)$(195,944)$265,098 

The accompanying Notes to the Condensed Consolidated Financial Statements are an integral part of this statement.5

Angel Oak Mortgage REIT, Inc. Condensed Consolidated Statements of Cash Flows(Unaudited)(in thousands)

Nine Months EndedSeptember 30, 2025September 30, 2024CASH FLOWS FROM OPERATING ACTIVITIESNet income (loss)$32,708 $43,806 Adjustments to reconcile net income (loss) to net cash provided or (used in) operating activities:Net realized (gain) loss on mortgage loans, derivative contracts, RMBS, and CMBS12,238 14,527 Net unrealized (gain) loss on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts(26,329)(48,514)Amortization of debt issuance costs559 246 Net amortization of premiums and discounts on mortgage loans2,754 1,989 Accretion of non-recourse securitized obligation discount3,278 3,455 Accretion of discount on U.S. Treasury securities(61)(548)Stock compensation930 1,864 Purchases of residential mortgage loans from affiliates(119,776)(182,200)Purchases of residential mortgage loans from non-affiliates(523,547)(243,634)Sale of residential mortgage loans1,279 3,118 Sale of residential mortgage loans into affiliate's securitization trust83,669 66