Income StatementBalance SheetCash FlowSegments
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Angel Oak Mortgage Cash Flow Statement

Operating, investing, and financing cash movements

Angel Oak Mortgage generated -$369.6M in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)-$369.6MNet Cash From Investing (TTM)$49.5MNet Cash From Financing (TTM)-$572.1MDepreciation And Amortization Cf (TTM)-$143.0KNet Change In Cash (TTM)$8.7M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$207.0M
P/E Ratio12.85
ROE6.34%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt issuance costs and discount amortization$808.0K$826.0K$973.0K$955.0K——
Amortization of debt issuance costs$216.0K$162.0K$176.0K$221.0K$229.0K$263.0K
Change in other assets—-$97.0K$1.5M$7.2M$0.0$249.0K
Depreciation and amortization-$17.0K-$38.0K-$23.0K——$0.0
Net cash from operating activities-$25.1M-$201.7M$0.0-$173.4M-$52.5M-$143.7M
Net income—$20.5M$767.0K$11.4M$11.3M-$7.4M
Non-cash interest expense$1.1M$1.1M$1.1M$1.1M$1.0M$994.0K
Amortization expense related to capitalized debt issuance costs$216.0K$162.0K$176.0K$221.0K$229.0K$263.0K
Increase (Decrease) in Accrued Investment Income Receivable$1.5M$1.7M-$3.0M$7.9M—$915.0K
Increase Decrease In Management Fee Payable-$181.8K——$1.2M-$1.2M—
Increase (Decrease) in Other Operating Assets—-$97.0K$1.5M$7.2M$0.0$249.0K
TBA securities and interest rate futures contracts$2.8M-$309.0K———-$487.0K
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase-$52.3M$97.9M———$3.0M
Realized Gain (Loss) On Derivatives And Investments, Net—-$3.2M-$2.5M-$6.6M—-$2.7M
Unrealized Gain (Loss) on Derivatives and Investments, Net, Cash Flow Statement—$16.6M$0.0$11.3M$4.4M-$11.6M
Stock-based compensation$177.0K$237.0K$296.0K$397.0K$424.0K$423.0K
Change in Interest Payable—$931.0K$392.0K$0.0$1.3M-$1.5M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid$7.5M$7.5M$7.6M$7.8M$8.0M$8.0M
Proceeds from trade receivable securitization facility, net$301.0M$0.0$269.9M$0.0$260.6M$258.7M
Proceeds from (payments of) notes payable, net-$203.6M$231.0M-$241.9M$224.0M—-$26.5M
Repayments of Secured Debt$48.4M$43.2M$72.4M$56.5M$77.2M$85.4M
Net cash from financing activities—$278.2M—$155.8M$51.6M$141.7M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$429.3K$818.8K$818.8K$818.8K$818.8K—
Interest paid$19.9M$17.5M$19.9M$22.7M$34.8M$28.9M
Income Taxes Paid, Net$429.3K$818.8K$818.8K$818.8K$818.8K—

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payments To Acquire Debt Securities, Available-For-Sale, Other$0.0$74.9M———$0.0
Proceeds from Maturities, Prepayments and Calls of Mortgage-Backed Securities (MBS)$614.0K$253.0K$195.0K——$0.0
Principal payments on commercial mortgage loans$8.0K$6.0K$6.0K——$5.0K
Proceeds from sale of trading securities$194.0M$202.0M$305.6M$251.7M$153.8M$198.6M
Purchases of trading securities$195.0M$203.2M$302.6M$252.5M$154.0M$198.2M
Net cash from investing activities$34.5M-$75.9M—$26.7M—$403.0K
Purchases of investments$195.0M$203.2M$302.6M$252.5M$154.0M$198.2M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash-$1.8M$577.0K$897.0K$9.1M—-$1.6M