Orchid Island Capital, Inc. ORC
Orchid Island Capital, Inc., a Maryland corporation ("Orchid," the "Company," "we" or "us"), is a specialty finance company that invests in residential mortgage-backed securities ("RMBS"). The principal and interest payments of these RMBS are guaranteed by the Enterprises or the Government National Mortgage Association ("Ginnie Mae" and, collectively with the Enterprises, "GSEs") and are backed primarily by single-family residential mortgage loans. We refer to these types of RMBS as Agency RMBS. Our portfolio consists of two categories of Agency RMBS: (i) traditional pass-through ("PT") Agency RMBS, such as mortgage PT certificates and collateralized mortgage obligations ("CMOs") issued by the GSEs and (ii) structured Agency RMBS, such as interest only securities ("IOs"), inverse interest only securities ("IIOs") and principal only securities ("POs"), among other types of structured Agency RMBS. Our website is located at http://ir.orchidislandcapital.com. Information on our website is not part of this Report. Our common stock is listed on the NYSE and trades under the symbol "ORC."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $414.0M | $241.6M | $177.6M | $144.6M | $134.7M | $116.0M | $142.3M | $154.6M | $146.0M | $87.1M |
| SG&A | — | — | — | — | $15.3M | $10.5M | $10.4M | $12.0M | $11.2M | $9.1M |
| Total operating expenses | $20.5M | $16.7M | $18.5M | $17.4M | $14.9M | $10.5M | — | — | — | — |
| Interest expense | $108.3M | $5.3M | $24.3M | $82.9M | $127.6M | $91.0M | $58.7M | $84.2M | $104.3M | $71.5M |
| Pre-tax income | $159.3M | $37.8M | -$39.2M | -$258.5M | -$64.8M | $2.1M | $24.3M | -$44.4M | $2.0M | $2.0M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | $159.3M | $37.8M | -$39.2M | -$258.5M | -$64.8M | $2.1M | $24.3M | -$44.4M | $2.0M | $2.0M |
| EPS, basic | 1.24 | 0.57 | -0.89 | -6.90 | -2.67 | 0.16 | 0.43 | -0.85 | 0.05 | 0.08 |
| EPS, diluted | — | — | — | — | -0.54 | 0.03 | 0.43 | -0.85 | 0.05 | 0.08 |
| Shares, diluted (wtd. avg.) | 128.3M | 65.4M | 44.6M | 37.5M | 24.2M | 13.4M | — | — | — | 24.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $665.9M | $309.3M | $171.9M | $205.7M | $385.1M | $220.1M | $278.7M | $126.3M | $246.7M | $94.4M |
| Total assets | $11.68B | $5.72B | $4.26B | $3.87B | $7.07B | $4.06B | $3.88B | $3.40B | $4.02B | $3.14B |
| Total liabilities | $10.30B | $5.05B | $3.80B | $3.43B | $6.30B | $3.64B | $3.49B | $3.06B | $3.56B | $2.81B |
| Retained earnings | -$183.7M | -$342.8M | -$380.4M | -$341.2M | -$82.8M | -$18.0M | -$20.1M | -$44.4M | $0 | $0 |
| Total equity | $1.37B | $668.5M | $469.9M | $438.8M | $768.1M | $415.3M | $395.5M | $336.1M | $462.2M | $332.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $120.4M | $67.0M | $8.0M | $289.4M | $96.4M | $55.4M | $48.2M | $94.0M | $85.0M | $47.0M |
| Stock-based compensation | $309.0K | $553.0K | $1.2M | $685.0K | $772.0K | $244.0K | — | — | — | — |
| Investing cash flow | -$5.38B | -$1.42B | -$441.1M | $2.44B | -$3.02B | -$199.3M | -$354.8M | $380.0M | -$802.5M | -$911.5M |
| Financing cash flow | $5.65B | $1.48B | $396.1M | -$2.94B | $3.07B | $164.8M | $459.0M | -$594.5M | $869.8M | $888.9M |
| Dividends paid | $178.9M | $92.5M | $80.8M | $93.5M | $91.0M | $53.6M | $53.3M | $59.3M | $67.9M | $36.8M |
| Buybacks | $7.4M | $3.5M | $9.8M | $24.8M | $299.0K | $68.0K | $3.0M | $26.4M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-013358.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.1M | $146.0M | $154.6M | $142.3M | $116.0M | $134.7M | $144.6M | $177.6M | $241.6M | $414.0M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $2.0M | $2.0M | -$44.4M | $24.3M | $2.1M | -$64.8M | -$258.5M | -$39.2M | $37.8M | $159.3M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Other event Item 8.01
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Other event Item 8.01
- Results announced Item 2.02
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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