Sachem Capital Corp.
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 13, 2026
SACH$0.82-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Years Ended | ||
|---|---|---|
| December 31, | ||
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | $6,308 | $(39,571) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Amortization of deferred financing costs | 2,202 | 2,456 |
| Depreciation expense | 525 | 372 |
| Stock-based compensation | 840 | 863 |
| Provision for credit losses related to loans held for investment | 3,280 | 26,928 |
| Change in valuation allowance related to loans held for sale | (1,014) | 4,880 |
| (Gain) loss on sale of loans | (121) | 21,973 |
| Impairment loss on real estate owned | 1,060 | 492 |
| Gain on sale of investments in developmental real estate, real estate owned, and property and equipment, net | (4,055) | (439) |
| Gain on extinguishment of debt | (140) | — |
| Gain on investment securities | (1,566) | (178) |
| Deferred loan fees revenue | 280 | (2,697) |
| Changes in operating assets and liabilities: | ||
| Interest and fees receivable, net | (191) | 2,476 |
| Other assets | (766) | 2,676 |
| Due from borrowers, net | (3,681) | (1,431) |
| Accounts payable and accrued liabilities | (268) | 1,041 |
| Advances from borrowers | (31) | (6,951) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 2,662 | 12,890 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of investment securities | — | (7,767) |
| Proceeds from the sale of investment securities | 2,147 | 43,888 |
| Purchase of interests in limited liability companies | (6,447) | (18,271) |
| Proceeds from limited liability companies returns of capital | 21,257 | 7,366 |
| Proceeds from sale of real estate owned | 7,511 | 1,624 |
| Acquisitions of and improvements to real estate owned | — | (510) |
| Proceeds from sale of investments in developmental real estate and property and equipment | 19,874 | 9 |
| Purchase of property and equipment | (162) | (77) |
| Improvements in investment in rental real estate | (3,216) | (3,025) |
| Principal disbursements for loans | (151,776) | (134,298) |
| Principal collections on loans | 140,162 | 190,971 |
| NET CASH PROVIDED BY INVESTING ACTIVITIES | 29,350 | 79,910 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from lines of credit | 75,840 | 27,959 |
| Repayments on lines of credit | (96,840) | (49,751) |
| Proceeds from repurchase agreements | 11,693 | 19,055 |
| Repayments of repurchase agreements | (45,401) | (11,808) |
| Repayment of mortgage payable | (85) | (79) |
| Dividends paid on Common Shares | (9,500) | (16,508) |
| Dividends paid on Series A Preferred Stock | (4,472) | (4,304) |
| Proceeds from issuance of Senior Secured Notes | 90,000 | — |
| Payment of deferred financing costs | (3,653) | — |
| Proceeds from issuance of common shares, net of expenses | — | 2,049 |
| Repurchase of Common Shares | — | (1,488) |
| Proceeds from issuance of Series A Preferred Stock, net of expenses | 109 | 5,706 |
| Repayment of notes payable | (56,845) | (58,163) |
| NET CASH USED IN FINANCING ACTIVITIES | (39,154) | (87,332) |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (7,142) | 5,468 |
| CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | 18,066 | 12,598 |
| CASH AND CASH EQUIVALENTS - END OF PERIOD | $10,924 | $18,066 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
(in thousands)
| Years Ended | ||
|---|---|---|
| December 31, | ||
| 2025 | 2024 | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION | ||
| Cash paid during the period for interest | $22,677 | $25,300 |
| Cash paid during the period for income tax | $63 | $115 |
| Real estate acquired in connection with foreclosure of certain mortgages | $22,141 | $28,639 |
| Loans held for sale transferred to loans held for investment | $15,850 | $— |
| Loans held for investment transferred to held for sale | $— | $15,850 |
| Developmental real estate acquired in settlement of loan held for investment | $1,696 | $— |
| Developmental real estate transferred from real estate owned | $6,160 | $— |
| Loans originated from sale of real estate owned | $840 | $989 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.