Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 1

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 1
---
,849)Total stockholders' equity$246,389 $238,967 Total liabilities and stockholders' equity$2,554,488 $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 EndedSix Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024INTEREST INCOME, NETInterest income$35,094 $25,902 $67,961 $51,114 Interest expense25,154 16,439 47,934 33,072 NET INTEREST INCOME$9,940 $9,463 $20,027 $18,042 REALIZED AND UNREALIZED GAINS (LOSSES), NETNet realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS$(2,499)$(6,770)$(5,681)$(8,192)Net unrealized gain (loss) on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts(1,576)2,658 15,049 13,342 TOTAL REALIZED AND UNREALIZED GAINS (LOSSES), NET$(4,075)$(4,112)$9,368 $5,150 EXPENSESOperating expenses$1,334 $1,692 $2,536 $3,742 Operating expenses incurred with affiliate453 456 869 971 Stock compensation296 630 533 1,260 Securitization costs1,866 1,410 1,866 1,583 Management fee incurred with affiliate1,149 1,294 2,293 2,606 Total operating expenses$5,098 $5,482 $8,097 $10,162 INCOME (LOSS) BEFORE INCOME TAXES$767 $(131)$21,298 $13,030 Income tax expense (benefit)— 142 — 429 NET INCOME (LOSS) ALLOCABLE TO COMMON STOCKHOLDERS$767 $(273)$21,298 $12,601