Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 185

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 185
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 and June 30, 2025 respectively, and $423,817 and $286,220 for the nine months ended September 30, 2025 and 2024, respectively. 

(2) Includes interest expense of consolidated VIEs of $70,387, and $73,038 for the quarters ended September 30, 2025 and June 30, 2025 respectively, and $213,076 and $142,690 for the nine months ended September 30, 2025 and 2024, respectively. 

(3) Includes interest income from investment in MSR financing receivables of a consolidated VIE of $363 and $0 for the quarters ended September 30, 2025, and 2024, respectively, and $363 and $0 for the nine months ended September 30, 2025 and 2024, respectively. 

60

Results of Operations for the quarters ended September 30, 2025 and June 30, 2025, and for the nine months ended September 30, 2025 and September 30, 2024.

Our primary source of income is interest income earned on our assets, net of interest expense paid on our financing liabilities, and investment and asset management fees earned through our investment management and advisory business.

Quarter ended September 30, 2025 compared to the quarter ended June 30, 2025

For the quarter ended September 30, 2025, our net loss available to common shareholders was $22 million, or $(0.27) per average basic common share, as compared to a net income available to common shareholders of $14 million, or $0.17 per average basic common share for the quarter ended June 30, 2025. The net loss available to common shareholders for the quarter ended September 30, 2025 was primarily driven by a decrease in unrealized gains on financial instruments at fair value of $44 million, an increase in transaction expenses of $10 million related to the HomeXpress Acquisition, and an increase in compensation and benefits of $2 million related to severance payments made during the quarter, partially offset by a decrease in net loss on derivatives of $15 million and increase in net realized gains on sales of investments of $4 million. During the quarter ended September 30, 2025, we had net interest income of $65 million and investment management and advisory fees of $9 million, offset in part by unrealized losses on financial instruments at