Other

Angel Oak Mortgage·Income Statement·20 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	-$24.2M	-$212.4M	-$25.1M	-$201.7M	$0	-$173.4M	-$52.5M	-$143.7M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	—	$113.9M	—	$278.2M	—	$155.8M	$51.6M	$141.7M
Interest and Dividend Income, Operating	$25.9M	$27.4M	$31.9M	$32.9M	$35.1M	$36.7M	$39M	$40.7M
Interest Paid, Net	$15.2M	$15.8M	$19.9M	$17.5M	$19.9M	$22.7M	$34.8M	$28.9M
Interest Paid, Excluding Capitalized Interest, Operating Activity	$15.2M	$15.8M	$19.9M	$17.5M	$19.9M	$22.7M	$34.8M	$28.9M
Realized And Unrealized Gain (Loss) on Derivatives and Investments	-$4.1M	$28.8M	—	$13.4M	-$4.1M	$4.7M	$5.8M	-$14.3M
Interest Income (Expense), Operating	$9.5M	$9M	$9.9M	$10.1M	$9.9M	$10.2M	$10.9M	$12.1M
Net unrealized gain (loss) on mortgage loans, portion of debt at fair value option, derivative contracts, and trading securities	$2.7M	$35.2M	—	$16.6M	-$1.6M	$11.3M	$4.4M	-$11.6M
Reclassifications Net of Tax	-$273K	$31.2M	—	$20.5M	$767K	$11.4M	$11.3M	-$7.4M
Noninterest Expense	$5.5M	$3.8M	$5.5M	$3M	$5.1M	$3.2M	$5.2M	$5.2M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	-$148K	$33.9M	—	$19.8M	$276K	$15.1M	$11M	-$3M
Other Comprehensive Income (Loss)	-$148K	$33.9M	—	$19.8M	$276K	$15.1M	$11M	-$3M
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase	$7.6M	-$98.2M	-$52.3M	$97.9M	—	—	—	$3M
Net realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS	-$6.8M	-$6.3M	—	-$3.2M	-$2.5M	-$6.6M	—	-$2.7M
Increase Decrease In Interest Payable Net	-$339K	$852K	—	$931K	$392K	$0	$1.3M	-$1.5M
Management fees	$1.3M	$1.2M	$1.2M	$1.1M	$1.1M	$1.2M	$1.2M	$1.1M
Pre-tax stock-based compensation cost	$630K	$604K	$177K	$237K	$296K	$398K	$424K	$423K
Stock-based compensation	$630K	$604K	$177K	$237K	$296K	$397K	$424K	$423K
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$6.2M	$97.1M	$34.5M	-$75.9M	—	$26.7M	—	$403K
Income tax expense (benefit)	$815.3K	$815.3K	$815.3K	$132.8K	$132.8K	$132.8K	$132.8K	—

Metrics

Net realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS

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Stock-based compensation

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Net unrealized gain (loss) on mortgage loans, portion of debt at fair value option, derivative contracts, and trading securities

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Other Comprehensive Income (Loss)

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Other

Breakdown

Metrics

Reclassifications Net of Tax

Interest Paid, Net

Pre-tax stock-based compensation cost

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

Income tax expense (benefit)

Increase Decrease In Interest Payable Net

Interest and Dividend Income, Operating

Interest Income (Expense), Operating

Interest Paid, Excluding Capitalized Interest, Operating Activity

Management fees

Cash Provided by (Used in) Financing Activity, Including Discontinued Operation

Cash Provided by (Used in) Investing Activity, Including Discontinued Operation

Cash Provided by (Used in) Operating Activity, Including Discontinued Operation

Noninterest Expense

Proceeds From Payments For In Securities Sold Under Agreements To Repurchase

Realized And Unrealized Gain (Loss) on Derivatives and Investments

Net realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS

Stock-based compensation

Net unrealized gain (loss) on mortgage loans, portion of debt at fair value option, derivative contracts, and trading securities

Other Comprehensive Income (Loss)