Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 0

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
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PART I. FINANCIAL INFORMATIONITEM 1. FINANCIAL STATEMENTSAngel Oak Mortgage REIT, Inc.Condensed Consolidated Balance Sheets(Unaudited)(in thousands, except for share data)

As of:September 30, 2025December 31, 2024ASSETSResidential mortgage loans - at fair value$425,775 $183,064 Residential mortgage loans in securitization trusts - at fair value1,862,330 1,696,995 RMBS - at fair value235,024 300,243 Cash and cash equivalents51,598 40,762 Restricted cash1,833 2,131 Principal and interest receivable14,781 8,141 TBA securities and interest rate futures contracts - at fair value1,944 1,515 Other assets44,825 36,918 Total assets$2,638,110 $2,269,769 LIABILITIES AND STOCKHOLDERS' EQUITYLIABILITIESNotes payable$342,608 $129,459 Non-recourse securitization obligation, collateralized by residential mortgage loans in securitization trusts (see Note 2)1,726,657 1,593,612 Securities sold under agreements to repurchase54,041 50,555 Senior unsecured notes88,795 47,740 TBA securities and interest rate futures contracts - at fair value1,309 — Due to broker153,819 201,994 Accrued expenses1,952 2,291 Accrued expenses payable to affiliate588 766 Interest payable2,173 934 Income taxes payable163 2,785 Management fee payable to affiliate1,840 666 Total liabilities$2,373,945 $2,030,802 STOCKHOLDERS' EQUITYCommon stock, $0.01 par value. As of September 30, 2025: 350,000,000 shares authorized, 24,914,035 shares issued and outstanding. As of December 31, 2024: 350,000,000 shares authorized, 23,500,175 shares issued and outstanding.$249 $234 Additional paid-in capital474,154 461,057 Accumulated other comprehensive income (loss)(996)(3,475)Retained earnings (deficit)(209,242