Orchid Island Capital, Inc.
For the period ended Sep 30, 2026. Filed Oct 23, 2026.
View on SEC.govAbout this filing
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$5.01+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| PART I. FINANCIAL INFORMATION | ||
|---|---|---|
| ITEM 1. Financial Statements | 1 | |
| Condensed Balance Sheets (unaudited) | 1 | |
| Condensed Statements of Comprehensive Income (Loss) (unaudited) | 2 | |
| Condensed Statements of Stockholders’ Equity (unaudited) | 3 | |
| Condensed Statements of Cash Flows (unaudited) | 4 | |
| Notes to Condensed Financial Statements (unaudited) | 5 | |
| ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 24 | |
| ITEM 3. Quantitative and Qualitative Disclosures about Market Risk | 44 | |
| ITEM 4. Controls and Procedures | 48 | |
| PART II. OTHER INFORMATION | ||
| ITEM 1. Legal Proceedings | 49 | |
| ITEM 1A. Risk Factors | 49 | |
| ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds | 49 | |
| ITEM 3. Defaults upon Senior Securities | 49 | |
| ITEM 4. Mine Safety Disclosures | 49 | |
| ITEM 5. Other Information | 49 | |
| ITEM 6. Exhibits | 50 | |
| SIGNATURES | 51 | |
PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
ORCHID ISLAND CAPITAL, INC.
CONDENSED BALANCE SHEETS
($ in thousands, except per share data)
| (Unaudited) | ||
|---|---|---|
| September 30, | December 31, | |
| 2026 | 2025 | |
| ASSETS: | ||
| Mortgage-backed securities, at fair value (includes pledged assets of $10,613,780 and $10,502,743, respectively) | $10,667,068 | $10,628,658 |
| U.S. Treasury securities, available-for-sale (amortized cost of $208,279 and $134,715; includes pledged assets of $207,861 and $135,133, respectively) | 207,861 | 135,133 |
| Cash and cash equivalents | 462,423 | 665,865 |
| Restricted cash | 151,545 | 58,696 |
| Accrued interest receivable | 53,076 | 49,127 |
| Derivative assets | 20,703 | 9,253 |
| Reverse repurchase agreements | 460,471 | 128,613 |
| Receivable for investment securities and TBA transactions | - | - |
| Other assets | 860 | 648 |
| Total Assets | $12,024,007 | $11,675,993 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES: | ||
| Repurchase agreements | $10,361,717 | $10,115,466 |
| Payable for investment securities and TBA transactions | - | 1,519 |
| Dividends payable | 19,491 | 21,865 |
| Derivative liabilities | 1,180 | 1,846 |
| Accrued interest payable | 19,491 | 31,397 |
| Due to affiliates | 1,667 | 1,661 |
| Obligation to return securities borrowed under reverse repurchase agreements, at fair value | 435,692 | 128,724 |
| Other liabilities | 12,933 | 1,567 |
| Total Liabilities | 10,852,171 | 10,304,045 |
| COMMITMENTS AND CONTINGENCIES | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding as of September 30, 2026 and December 31, 2025 | - | - |
| Common Stock, $0.01 par value; 400,000,000 shares authorized, 194,661,864 shares issued and outstanding as of September 30, 2026 and 181,985,900 shares issued and outstanding as of December 31, 2025 | 1,947 | 1,820 |
| Additional paid-in capital | 1,463,731 | 1,553,451 |
| Accumulated deficit | (293,424) | (183,741) |
| Accumulated other comprehensive (loss) income | (418) | 418 |
| Total Stockholders' Equity | 1,171,836 | 1,371,948 |
| Total Liabilities and Stockholders' Equity | $12,024,007 | $11,675,993 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.