Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 0

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 0
---
PART I. FINANCIAL INFORMATIONITEM 1. FINANCIAL STATEMENTSAngel Oak Mortgage REIT, Inc.Condensed Consolidated Balance Sheets(Unaudited)(in thousands, except for share data)

As of:June 30, 2025December 31, 2024ASSETSResidential mortgage loans - at fair value$200,665 $183,064 Residential mortgage loans in securitization trusts - at fair value1,902,721 1,696,995 RMBS - at fair value361,884 300,243 Cash and cash equivalents40,500 40,762 Restricted cash3,867 2,131 Principal and interest receivable6,836 8,141 TBA securities and interest rate futures contracts - at fair value— 1,515 Other assets38,015 36,918 Total assets$2,554,488 $2,269,769 LIABILITIES AND STOCKHOLDERS' EQUITYLIABILITIESNotes payable$118,619 $129,459 Non-recourse securitization obligation, collateralized by residential mortgage loans in securitization trusts (see Note 2)1,767,929 1,593,612 Securities sold under agreements to repurchase68,062 50,555 Senior unsecured notes88,601 47,740 TBA securities and interest rate futures contracts - at fair value4,355 — Due to broker254,228 201,994 Accrued expenses2,812 2,291 Accrued expenses payable to affiliate393 766 Interest payable2,258 934 Income taxes payable163 2,785 Management fee payable to affiliate679 666 Total liabilities$2,308,099 $2,030,802 STOCKHOLDERS' EQUITYCommon stock, $0.01 par value. As of June 30, 2025: 350,000,000 shares authorized, 23,765,202 shares issued and outstanding. As of December 31, 2024: 350,000,000 shares authorized, 23,500,175 shares issued and outstanding.$238 $234 Additional paid-in capital463,580 461,057 Accumulated other comprehensive income (loss)(4,661)(3,475)Retained earnings (deficit)(212,768)(218