Orchid Island Capital Inc (ORC) financial statements: income statement, balance sheet and cash flow
Orchid Island Capital Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Orchid Island Capital Inc reported net income of $159.0M (+322.3% year on year).
Income statement
Orchid Island Capital Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Interest income
$414.0M
$241.6M
$177.6M
$144.6M
Interest expense
($305.7M)
($236.3M)
($201.9M)
($61.7M)
Net interest income (expense)
$108.3M
$5.3M
($24.3M)
$82.9M
Realized losses on mortgage-backed securities
($6.3M)
($4.6M)
($22.6M)
($133.7M)
Unrealized gains (losses) on mortgage-backed securities and U.S. Treasury securities
$200.2M
($79.8M)
($18.9M)
($642.7M)
(Losses) gains on derivative instruments
($122.7M)
$133.6M
$45.2M
$455.7M
Net portfolio income (loss)
$179.5M
$54.4M
($20.7M)
($237.7M)
Management fees
$12.7M
$9.4M
$10.5M
$10.4M
Allocated overhead
$2.8M
$2.6M
$2.4M
$2.0M
Incentive compensation
$450.0K
$723.0K
$1.4M
$957.0K
Directors' fees and liability insurance
$1.3M
$1.4M
$1.3M
$1.3M
Audit, legal and other professional fees
$1.3M
$1.3M
$1.5M
$1.1M
Direct REIT operating expenses
$1.2M
$787.0K
$715.0K
$4.1M
Other administrative
$639.0K
$537.0K
$700.0K
$778.0K
Total expenses
$20.5M
$16.7M
$18.5M
$20.7M
Net income (loss)
$159.0M
$37.7M
($39.2M)
($258.5M)
Unrealized gains on U.S. Treasury securities measured at fair value through other comprehensive net income (loss)
$279.0K
$122.0K
$17.0K
—
Comprehensive net income (loss)
$159.3M
$37.8M
($39.2M)
—
Basic and diluted net income (loss) per share (in dollars per share)
$1.24
$0.57
-$0.89
-$6.90
Weighted Average Shares Outstanding (in shares)
128.3M
65.4M
44.6M
37.5M
Orchid Island Capital Inc income statement, quarters
Line item
Sep 30, 2026 · Q3
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Interest income
$164.1M
$164.2M
$157.8M
$108.4M
Interest expense
($105.0M)
($104.2M)
($100.8M)
($81.5M)
Net interest income
$59.1M
$60.0M
$57.1M
$26.9M
Realized gains (losses) on mortgage-backed securities
$0
$885.0K
$39.0K
$0
Unrealized (losses) gains on mortgage-backed securities
($567.1M)
($27.3M)
($116.0M)
$59.4M
Gains (losses) on derivative and other hedging instruments
$335.4M
$62.4M
$46.3M
($8.8M)
Net portfolio (loss) income
($172.6M)
$96.0M
($12.6M)
$77.5M
Management fees
$4.1M
$4.1M
$4.0M
$3.3M
Allocated overhead
$510.0K
$585.0K
$786.0K
$887.0K
Incentive compensation
$402.0K
$415.0K
$1.4M
$221.0K
Directors' fees and liability insurance
$364.0K
$323.0K
$312.0K
$334.0K
Audit, legal and other professional fees
$306.0K
$400.0K
$312.0K
$300.0K
Direct REIT operating expenses
$506.0K
$509.0K
$472.0K
$309.0K
Other administrative
$175.0K
$408.0K
$112.0K
$96.0K
Total expenses
$6.3M
$6.8M
$7.4M
$5.4M
Net (loss) income
($178.9M)
$89.2M
($20.0M)
$72.1M
Unrealized (losses) gains on U.S. Treasury securities measured at fair value through other comprehensive net (loss) income
($280.0K)
($277.0K)
($279.0K)
$94.0K
Comprehensive net (loss) income
($179.2M)
$88.9M
($20.2M)
$72.2M
Basic and diluted net (loss) income per share (in dollars per share)
-$0.90
$0.44
-$0.11
$0.53
Weighted Average Shares Outstanding (in shares)
198.5M
200.9M
189.3M
136.4M
Balance sheet
Orchid Island Capital Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Mortgage-backed securities, at fair value (includes pledged assets of $10,502,743 and $5,209,068, respectively)
$10.6B
$5.3B
$3.9B
$3.5B
U.S. Treasury securities, available-for-sale (amortized cost of $134,715 and $100,412; includes pledged assets of $135,133 and $100,551, respectively)
$135.1M
—
—
—
Cash and cash equivalents
$665.9M
$309.3M
$171.9M
$205.7M
Restricted cash
$58.7M
$25.7M
$28.4M
$31.6M
Accrued interest receivable
$49.1M
$23.0M
$15.0M
$11.5M
Derivative assets
$9.3M
$9.3M
$6.4M
$40.2M
Reverse repurchase agreements
$128.6M
—
—
—
Other assets
$648.0K
$392.0K
$455.0K
$442.0K
Total Assets
$11.7B
$5.7B
$4.3B
$3.9B
Repurchase agreements
$10.1B
$5.0B
$3.7B
$3.4B
Payable for investment securities and TBA transactions
$1.5M
$0
$60.5M
—
Dividends payable
$21.9M
$9.9M
$6.2M
$5.9M
Derivative liabilities
$1.8M
$332.0K
$12.7M
$7.2M
Accrued interest payable
$31.4M
$10.8M
$7.9M
$9.2M
Due to affiliates
$1.7M
$1.2M
$1.0M
$1.1M
Obligation to return securities borrowed under reverse repurchase agreements, at fair value
$128.7M
—
—
—
Other liabilities
$1.6M
$5.4M
$1.0M
$25.1M
Total Liabilities
$10.3B
$5.1B
$3.8B
$3.4B
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and December 31, 2024
0
0
0
0
Common Stock, $0.01 par value; 400,000,000 shares authorized, 181,985,900 shares issued and outstanding as of December 31, 2025 and 82,622,464 shares issued and outstanding as of December 31, 2024
1.8M
826.0K
516.0K
368.0K
Additional paid-in capital
$1.6B
$1.0B
$849.8M
$779.6M
Accumulated deficit
($183.7M)
($342.8M)
($380.4M)
($341.2M)
Accumulated other comprehensive income
$418.0K
$139.0K
$17.0K
—
Total Stockholders' Equity
$1.4B
$668.5M
$469.9M
$438.8M
Total Liabilities and Stockholders' Equity
$11.7B
$5.7B
$4.3B
$3.9B
Orchid Island Capital Inc balance sheet, quarters
Line item
Sep 30, 2026
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Mortgage-backed securities, at fair value (includes pledged assets of $10,613,780 and $10,502,743, respectively)
$10.7B
$11.5B
$11.3B
$8.4B
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)
$207.9M
$182.9M
$155.1M
$125.4M
Cash and cash equivalents
$462.4M
$682.6M
$674.0M
$583.9M
Restricted cash
$151.5M
$131.0M
$86.1M
$33.3M
Accrued interest receivable
$53.1M
$53.4M
$53.9M
$39.4M
Derivative assets
$20.7M
$15.1M
$3.0M
$548.0K
Reverse repurchase agreements
$460.5M
$495.8M
$358.7M
—
Receivable for investment securities and TBA transactions
$0
$2.0M
$597.0K
—
Other assets
$860.0K
$1.1M
$1.4M
$405.0K
Total Assets
$12.0B
$13.1B
$12.7B
$9.1B
Repurchase agreements
$10.4B
$11.1B
$10.9B
$8.0B
Payable for investment securities and TBA transactions
$0
$0
$0
—
Dividends payable
$19.5M
$20.0M
$23.6M
$17.8M
Derivative liabilities
$1.2M
$4.7M
$635.0K
$2.9M
Accrued interest payable
$19.5M
$49.3M
$28.5M
$22.2M
Due to affiliates
$1.7M
$1.8M
$1.8M
$1.5M
Obligation to return securities borrowed under reverse repurchase agreements, at fair value
$435.7M
$496.0M
$359.2M
—
Other liabilities
$12.9M
$4.1M
$1.1M
$1.5M
Total Liabilities
$10.9B
$11.7B
$11.3B
$8.1B
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
0
0
0
0
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
1.9M
2.0M
2.0M
1.5M
Additional paid-in capital
$1.5B
$1.6B
$1.6B
$1.4B
Accumulated deficit
($293.4M)
($114.5M)
($203.7M)
($287.1M)
Accumulated other comprehensive (loss) income
($418.0K)
($138.0K)
$139.0K
$419.0K
Total Stockholders' Equity
$1.2B
$1.4B
$1.4B
$1.1B
Total Liabilities and Stockholders' Equity
$12.0B
$13.1B
$12.7B
$9.1B
Cash flow statement
Orchid Island Capital Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$159.0M
$37.7M
($39.2M)
($258.5M)
Stock based compensation
$309.0K
$553.0K
$1.2M
$685.0K
Net discount accretion on U.S. Treasury securities
($693.0K)
($4.9M)
($1.9M)
—
Realized losses on mortgage-backed securities
$6.3M
$4.6M
$22.6M
$133.7M
Unrealized (gains) losses on mortgage-backed securities and U.S. Treasury securities
($200.2M)
$79.8M
$18.9M
$642.7M
Realized and unrealized losses (gains) on derivative instruments
$160.0M
($46.4M)
$10.6M
($245.4M)
Accrued interest receivable
($26.1M)
($8.1M)
($3.4M)
$7.3M
Other assets
($41.0K)
$63.0K
($7.0K)
($128.0K)
Accrued interest payable
$20.6M
$2.8M
($1.3M)
$8.4M
Other liabilities
$668.0K
$650.0K
$534.0K
$454.0K
Due to affiliates
$494.0K
$154.0K
($118.0K)
$69.0K
NET CASH PROVIDED BY OPERATING ACTIVITIES
$120.4M
$67.0M
$8.0M
$289.4M
Purchases
($7.6B)
($445.9M)
($97.8M)
($1.0B)
Sales and maturities
$1.4B
$454.3M
$797.6M
$2.8B
Principal repayments
$903.4M
$495.3M
$326.7M
$440.1M
Maturity of U.S. Treasury securities
$75.0M
$450.0M
$37.5M
—
Net payments on reverse repurchase agreements
($128.6M)
—
—
—
Net (payments on) proceeds from derivative instruments
($32.4M)
$24.1M
$15.9M
$245.3M
NET CASH USED IN INVESTING ACTIVITIES
($5.4B)
($1.4B)
($441.1M)
$2.4B
Proceeds from repurchase agreements
$65.8B
$45.6B
$37.8B
$40.0B
Principal payments on repurchase agreements
($60.7B)
($44.3B)
($37.4B)
($42.9B)
Cash dividends paid
($178.9M)
($92.5M)
($80.8M)
($93.5M)
Proceeds from issuance of common stock, net of issuance costs
$741.4M
$259.3M
$159.4M
$40.6M
Common stock repurchases, including shares withheld from employee stock awards for payment of taxes
-7.4M
-3.5M
-9.8M
-24.8M
NET CASH PROVIDED BY FINANCING ACTIVITIES
$5.6B
$1.5B
$396.1M
($2.9B)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
$389.5M
$134.8M
($36.9M)
($213.2M)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the period
$335.1M
$200.3M
$237.2M
$450.4M
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the period
$724.6M
$335.1M
$200.3M
$237.2M
Interest
$285.1M
$233.5M
$203.2M
$53.3M
Orchid Island Capital Inc cash flow statement, quarters
Line item
Sep 30, 2026 · YTD
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Net (loss) income
($109.7M)
$69.2M
($20.0M)
$55.6M
Stock based compensation
$2.0M
$1.7M
$1.3M
$135.0K
Net discount accretion on U.S. Treasury securities
($1.0M)
($260.0K)
($172.0K)
($511.0K)
Realized (gains) losses on mortgage-backed securities
($924.0K)
($924.0K)
($39.0K)
$9.3M
Unrealized losses (gains) on mortgage-backed securities
$710.4M
$143.3M
$116.0M
($146.5M)
Realized and unrealized (gains) losses on derivative instruments
($389.8M)
($96.2M)
($40.2M)
$158.1M
Accrued interest receivable
($3.9M)
($4.3M)
($4.8M)
($16.3M)
Other assets
($427.0K)
($701.0K)
($963.0K)
($13.0K)
Accrued interest payable
($11.9M)
$17.9M
($2.9M)
$11.5M
Other liabilities
$584.0K
$383.0K
$212.0K
$610.0K
Due to affiliates
$6.0K
$141.0K
$127.0K
$331.0K
NET CASH PROVIDED BY OPERATING ACTIVITIES
$195.3M
$130.2M
$48.6M
$72.2M
Purchases
($207.5M)
($183.0M)
($20.1M)
($74.1M)
Sales and maturities
$769.8M
$356.5M
$25.0M
$733.9M
Principal repayments
$1.2B
$863.5M
$404.7M
$544.9M
Proceeds from maturity of U.S. Treasury securities, available-for-sale
$135.0M
$135.0M
$0
$50.0M
Net payments on reverse repurchase agreements
($331.9M)
($367.2M)
($230.1M)
—
Net proceeds from (payments on) derivative instruments
$694.7M
$460.0M
$273.8M
($150.7M)
NET CASH USED IN INVESTING ACTIVITIES
($457.5M)
($1.0B)
($802.2M)
($3.1B)
Proceeds from repurchase agreements
$86.2B
$42.8B
$23.4B
$44.9B
Principal payments on repurchase agreements
($85.9B)
($41.8B)
($22.7B)
($41.9B)
Cash dividends
($190.9M)
($131.0M)
($67.2M)
($121.0M)
Proceeds from issuance of common stock, net of issuance costs
$135.5M
$135.5M
$107.8M
$497.2M
Common stock repurchases, including shares withheld from employee stock awards for payment of taxes
-39.2M
-8.0M
-659.0K
-7.4M
NET CASH PROVIDED BY FINANCING ACTIVITIES
$151.6M
$967.9M
$789.2M
$3.4B
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
($110.6M)
$89.1M
$35.6M
$282.2M
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the period
$724.6M
$724.6M
$724.6M
$335.1M
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the period