Orchid Island Capital, Inc.
For the period ended Jun 30, 2025. Filed Jul 25, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 25, 2025
ORC$4.90-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Comprehensive Income (Loss) (unaudited)
ORCHID ISLAND CAPITAL, INC.
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
** For the Six and Three Months Ended June 30, 2025 and 2024**
($ in thousands, except per share data)
| Six Months Ended June 30, | Three Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Interest income | $173,379 | $101,935 | $92,289 | $53,064 |
| Interest expense | (130,512) | (105,122) | (69,135) | (53,761) |
| Net interest income (expense) | 42,867 | (3,187) | 23,154 | (697) |
| Realized losses on mortgage-backed securities | (9,288) | - | (7,990) | - |
| Unrealized gains (losses) on mortgage-backed securities and U.S. Treasury securities | 87,132 | (87,865) | 9,540 | (25,970) |
| (Losses) gains on derivative and other hedging instruments | (127,945) | 113,967 | (53,286) | 26,068 |
| Net portfolio (loss) income | (7,234) | 22,915 | (28,582) | (599) |
| Expenses: | ||||
| Management fees | 5,729 | 4,418 | 2,982 | 2,257 |
| Allocated overhead | 1,190 | 1,330 | 582 | 732 |
| Incentive compensation | 21 | 201 | 228 | 290 |
| Directors' fees and liability insurance | 672 | 672 | 334 | 343 |
| Audit, legal and other professional fees | 753 | 796 | 360 | 320 |
| Direct REIT operating expenses | 474 | 348 | 247 | 178 |
| Other administrative | 383 | 353 | 263 | 260 |
| Total expenses | 9,222 | 8,118 | 4,996 | 4,380 |
| Net (loss) income | $(16,456) | $14,797 | $(33,578) | $(4,979) |
| Unrealized gains (losses) on U.S. Treasury securities measured at fair value through other comprehensive net (loss) income | 186 | (10) | (64) | 37 |
| Comprehensive net (loss) income | $(16,270) | $14,787 | $(33,642) | $(4,942) |
| Basic and diluted net (loss) income per share | $(0.16) | $0.27 | $(0.29) | $(0.09) |
| Weighted Average Shares Outstanding | 104,742,591 | 54,798,596 | 114,453,216 | 57,763,857 |
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