Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 4

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 4
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 — 1,828 — 1,828 Net income (loss)— — — 12,601 12,601 Stockholders’ equity as of June 30, 2024$249 $478,328 $(3,147)$(219,624)$255,806 

The accompanying Notes to the Condensed Consolidated Financial Statements are an integral part of this statement.5

Angel Oak Mortgage REIT, Inc. Condensed Consolidated Statements of Cash Flows(Unaudited)(in thousands)

Six Months EndedJune 30, 2025June 30, 2024CASH FLOWS FROM OPERATING ACTIVITIESNet income (loss)$21,298 $12,601 Adjustments to reconcile net income (loss) to net cash provided or (used in) operating activities:Net realized (gain) loss on mortgage loans, derivative contracts, RMBS, and CMBS5,681 8,192 Net unrealized (gain) loss on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts(15,049)(13,342)Amortization of debt issuance costs338 14 Net amortization of premiums and discounts on mortgage loans1,799 1,309 Accretion of non-recourse securitized obligation discount2,202 2,335 Accretion of discount on U.S. Treasury securities(61)(483)Stock compensation533 1,260 Purchases of residential mortgage loans from affiliates(82,757)(98,069)Purchases of residential mortgage loans from non-affiliates(323,135)(60,635)Sale of residential mortgage loans1,279 2,030 Sale of residential mortgage loans into affiliate's securitization trust83,669 66,107 Principal payments on residential mortgage loans13,190 11,702 Principal payments on residential mortgage loans in securitization trusts115,627 80,252 Net change in:Margin (paid) received from interest rate futures contracts and TBAs(4,389)5,964 Principal and interest receivable on residential mortgage loans1,305 1,325 Other assets(1,405)(959)Management fee payable to affiliate13 (1,383)Accrued expenses431 (332)Accrued expenses payable to affiliate(373)(351)Income tax payable(2,622)(1,163)Interest