Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 1

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 1
---
,475)Retained earnings (deficit)(205,878)(218,849)Total stockholders’ equity$251,480 $238,967 Total liabilities and stockholders’ equity$2,676,535 $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 EndedMarch 31, 2025March 31, 2024INTEREST INCOME, NETInterest income$32,867 $25,212 Interest expense22,780 16,633 NET INTEREST INCOME$10,087 $8,579 REALIZED AND UNREALIZED GAINS (LOSSES), NETNet realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS$(3,182)$(1,422)Net unrealized gain (loss) on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts16,625 10,684 TOTAL REALIZED AND UNREALIZED GAINS (LOSSES), NET$13,443 $9,262 EXPENSESOperating expenses$1,201 $2,048 Operating expenses incurred with affiliate416 515 Stock compensation237 630 Securitization costs— 174 Management fee incurred with affiliate1,145 1,313 Total operating expenses$2,999 $4,680 INCOME (LOSS) BEFORE INCOME TAXES$20,531 $13,161 Income tax expense— 287 NET INCOME (LOSS) ALLOCABLE TO COMMON STOCKHOLDERS$20,531 $12,874 Other comprehensive income (loss)(695)1,703 TOTAL COMPREHENSIVE INCOME (LOSS)$19,836 $14,577 Basic earnings (loss) per common share$0.88 $0.52 Diluted earnings (loss) per common share$0.87 $0.51 Weighted average number of common shares outstanding:Basic23,396,15124,775,815Diluted23,644,59824,965,274

 ,,,,,                                                                                                                                                                                                                                                                                                                                                                                                            

The accompanying Notes to the Condensed Consolidated Financial Statements are an integral part