Orchid Island Capital, Inc.
For the period ended Sep 30, 2026. Filed Oct 23, 2026.
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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.
Sep 30, 2026 · Filed Oct 23, 2026
ORC$4.90-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Comprehensive Income (Loss) (unaudited)
ORCHID ISLAND CAPITAL, INC.
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
** For the Nine and Three Months Ended September 30, 2026 and 2025**
($ in thousands, except per share data)
| Nine Months Ended September 30, | Three Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Interest income | $486,145 | $281,813 | $164,120 | $108,434 |
| Interest expense | (309,976) | (212,027) | (104,986) | (81,515) |
| Net interest income | 176,169 | 69,786 | 59,134 | 26,919 |
| Realized gains (losses) on mortgage-backed securities | 924 | (9,288) | - | - |
| Unrealized (losses) gains on mortgage-backed securities | (710,357) | 146,504 | (567,087) | 59,372 |
| Gains (losses) on derivative and other hedging instruments | 444,076 | (136,717) | 335,368 | (8,772) |
| Net portfolio (loss) income | (89,188) | 70,285 | (172,585) | 77,519 |
| Expenses: | ||||
| Management fees | 12,183 | 9,023 | 4,072 | 3,294 |
| Allocated overhead | 1,881 | 2,077 | 510 | 887 |
| Incentive compensation | 2,232 | 242 | 402 | 221 |
| Directors' fees and liability insurance | 999 | 1,006 | 364 | 334 |
| Audit, legal and other professional fees | 1,018 | 1,053 | 306 | 300 |
| Direct REIT operating expenses | 1,487 | 783 | 506 | 309 |
| Other administrative | 695 | 479 | 175 | 96 |
| Total expenses | 20,495 | 14,663 | 6,335 | 5,441 |
| Net (loss) income | $(109,683) | $55,622 | $(178,920) | $72,078 |
| Unrealized (losses) gains on U.S. Treasury securities measured at fair value through other comprehensive net (loss) income | (836) | 280 | (280) | 94 |
| Comprehensive net (loss) income | $(110,519) | $55,902 | $(179,200) | $72,172 |
| Basic and diluted net (loss) income per share | $(0.56) | $0.48 | $(0.90) | $0.53 |
| Weighted Average Shares Outstanding | 195,970,255 | 115,574,062 | 198,454,916 | 136,368,958 |
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