Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 168

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 168
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Item 8.    Financial Statements and Supplementary Data

Report of Independent Registered Public Accounting Firm (KPMG LLP, Atlanta, GA, Auditor Firm ID: 185)87Consolidated Balance Sheets89Consolidated Statements of Operations and Comprehensive Income (Loss)90Consolidated Statements of Changes in Stockholder(s)’ Equity91Consolidated Statements of Cash Flows92Notes to the Consolidated Financial Statements94Note 1. Organization94Note 2. Summary of Significant Accounting Policies94Note 3. Variable Interest Entities100Note 4. Residential Mortgage Loans101Note 5. Investment Securities102Note 6. Financing103Note 7. Due to Broker105Note 8. Securities Sold Under Agreements to Repurchase105Note 9. Derivative Financial Instruments105Note 10. Fair Value Measurements106Note 11. Income Taxes112Note 12. Related Party Transactions113Note 13. Commitments and Contingencies114Note 14. Accumulated Other Comprehensive Income /(Loss)115Note 15. Other Assets115Note 16. Stockholders Equity116Note 17. Earnings per Share116Note 18. Equity Compensation Plan117Note 19. Subsequent Events117

86

Report of Independent Registered Public Accounting Firm

To the Stockholders and Board of Directors 

Angel Oak Mortgage REIT, Inc.:

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of Angel Oak Mortgage REIT, Inc. and subsidiaries (the Company) as of December 31, 2024 and 2023, the related consolidated statements of operations and comprehensive income (loss), changes in stockholders’ equity, and cash flows for the years then ended, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules