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ARMOUR Residential REIT logo

ARMOUR Residential REIT Balance Sheet Statement

Assets, liabilities, and shareholders' equity

ARMOUR Residential REIT holds $21.5B in total assets. Cash and equivalents total $214.2M. Based on the Q1 2026 filing.

Total Assets$21.5BTotal Stockholders Equity$2.3BCash And Equivalents$214.2M
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$2.1B
P/E Ratio8.84
ROE11.9%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued interest$52.9M$62.2M$64.1M$79.7M$86.2M$88.6M
Federal funds purchased and securities sold under repurchase agreements$10.7B$12.5B$12.8B$16.6B$17.9B$18.5B
Accounts Payable And Other Accrued Liabilities$4.7M$7.2M$6.3M$6.8M$2.2M$6.4M
Derivative Liabilities - Fair Value$1.3M$71.3M$108.7M$73.9M$19.3M$14.4M
Derivative Liabilities - Not Offset Policy Election Deduction$1.3M$71.3M$108.7M$73.9M$19.3M$14.4M
Derivative Liabilities Offset$1.3M$71.3M$108.7M$73.9M$19.3M$14.4M
Repurchase Agreements - Gross$10.7B$12.5B$12.8B$16.6B$17.9B$18.5B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$4.6B$5B$5.1B$5.4B$5.4B$5.7B
Common stock62K125M125M175M175M175M
Common Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Issued62.4M82.4M88.1M111.9M111.9M123.6M
Convertible Preferred Stock Authorized Shares50M50M50M50M50M50M
Convertible Preferred Stock Issued Shares————7M7.4M
Convertible Preferred Stock Outstanding Shares————7M7.4M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$62K$82K$88K$112K$112K$124K
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$7K———$7K$7K
Preferred stock$7K———$7K$7K
Preferred Stock Liquidation Preference Value————$25.00$25.00
Preferred Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Distributions in excess of accumulated earnings$2.4B$2.4B$2.5B$2.6B$2.7B$2.8B
Retained earnings-$840.9M-$813.5M-$889.1M-$729.9M-$518.2M-$573M
Share Repurchase Authorization Limit2.2M—1.6M866K866K741K
Total liabilities and stockholders' equity$13.5B$15.5B$16.2B$19.4B$21B$21.5B
Total stockholders' equity$1.4B$1.7B$1.7B$2.1B$2.3B$2.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregate Notional Principal Outstanding$7.2B$8.4B$10.3B$10.4B$12.3B$12.9B
Derivative Notional Amount$7.2B$8.4B$10.3B$10.4B$12.3B$12.9B
Gross Assets/Liabilities$1.3M$71.3M$106.9M$73.7M$19.3M$14.4M
Aggregate tax basis of stockholders' equity in excess of assets and liabilities (in dollars per share)—$-2.85$-3.95$-2.26—$-1.97
Aggregate tax basis of stockholders' equity in excess of assets and liabilities—-$234.9M-$347.6M-$252.5M—-$243.1M
Payables for repurchase agreements$10.7B$12.5B$12.8B$16.6B$17.9B$18.5B
Securities sold under agreements to repurchase, interest rate4.7%—4.5%4.4%4.0%3.8%
Cash Collateral for Borrowed Securities$78.2M$214.4M$281.4M$264.3M$226.7M$147.7M
Common stock, par value (in dollars per share)$0$0$0$0$0$0
Common stock, shares authorized (in shares)$125M$125M$125M$175M$175M$175M
Common stock, shares issued (in shares)$62.4M$82.4M$88.1M$111.9M$111.9M$123.6M
Common Stock, Shares, Outstanding$62.4M$82.4M$88.1M$111.9M$111.9M$123.6M
Other Contractual Commitments—$44.1M$44.8M$47.7M—$49.4M
Other Contractual Commitments - Remainder of Fiscal Year 2024—$33M$22.4M$11.9M—$37.1M
Contractual Obligation, to be Paid, Year Four—$44.1M$44.8M$47.7M—$49.4M
Contractual Obligation, to be Paid, Year Two—$44.1M$44.8M$47.7M—$49.4M
Contractual Obligation, to be Paid, Year Three—$44.1M$44.8M$47.7M—$49.4M
Contractual Obligation, to be Paid, Remainder of Fiscal Year—$33M$22.4M$11.9M—$37.1M
2033—————$49.4M
2032—————$49.4M
Debt securities$12.4B$14.4B$15.1B$18.1B$20B$20.5B
Debt Securities, Trading, Accumulated Gross Unrealized Loss, Before Tax$370M—$203.2M$125.1M$88.9M$172.7M
Gross Unrealized Gain$3M—$76.4M$173.5M$248.8M$130.5M
Principal Amount$13B—$15.4B$18.1B$20B$20.7B
Deferred Tax Assets, Operating Loss Carryforwards—$257.3M$257.3M$257.3M—$257.3M
Derivative Asset, Subject to Master Netting Arrangement, after Offset and Deduction$151.1M$212.4M$335.1M$350M$400.6M$393.5M
Derivative Liability$1.3M$71.3M$106.9M$73.7M$19.3M$14.4M
Derivative Liability, Subject to Master Netting Arrangement, after Offset and Deduction$0$0$2M$6K$0$0
Potential reduction in net position of total derivative liabilities$1.3M$71.3M$108.7M$73.9M$19.3M$14.4M
Notional$7.2B$8.4B$10.3B$10.4B$12.3B$12.9B
Weighted Average Rate1.7%2.0%2.3%2.3%2.4%2.5%
DRIP, Per Share price (in dollars per share)$18.95———$16.59—
Preferred Stock Liquidation Preference————$25$25
Preferred Stock, Par or Stated Value Per Share$0$0$0$0$0$0
Preferred Stock, Shares Authorized$50M$50M$50M$50M$50M$50M
Preferred Stock, Shares Issued————$7M$7.4M
Preferred Stock, Shares Outstanding————$7M$7.4M
Preferred stock, undesignated shares authorized (in shares)—40M40M40M—40M
Ratio Of Indebtedness To Net Capital1—1200.0%1200.0%1200.0%—1200.0%
Monthly percentage of effective management fee percentage—8.3%8.3%8.3%—8.3%
Repurchase Agreements, Number Of Counterparties With Outstanding Borrowings17.0017.0017.0020.0022.0024.00
Number of counterparties with master repurchase agreements33.0033.0033.0033.0035.0036.00
Compensation cost not yet recognized, thereafter—$2.4M$4.2M$3.9M—$3M
Compensation cost not yet recognized, year one—$1.8M$2.2M$2.2M—$2.1M
Compensation cost not yet recognized, remainder of fiscal year—$1.5M$897K$608K—$1.9M
Trading Securities, Debt Maturities, Amortized Cost Basis$12.8B$14.6B$15.2B$18B$19.9B$20.5B
Trading Securities, Debt Maturities, Fair Value$12.4B$14.4B$15.1B$18.1B$20B$20.5B
Less than 1 year$0$0——$0$0
Less than 1 year$0$0——$0$0
Greater than or equal to 5 years$11.5B$11.2B$11.1B$11.2B$9.7B$13.6B
Greater than or equal to 5 years$11.1B$11B$10.9B$11.2B$9.8B$13.5B
Greater than or equal to 1 year and less than 3 years$0$297.9M—$925.8M$1.9B$381.8M
Greater than or equal to 1 year and less than 3 years$0$297.8M—$916.3M$1.9B$377.3M
Greater than or equal to 3 years and less than 5 years$1.3B$3.1B$4.2B$5.9B$8.3B$6.6B
Greater than or equal to 3 years and less than 5 years$1.3B$3.1B$4.2B$5.9B$8.2B$6.6B
Purchase Obligation—$209.3M$201.5M$202.8M—$382.9M
Unrecorded Unconditional Purchase Obligation - Due Year Five—————$49.4M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash and cash equivalents$146.2M$263.5M$422.6M$308.5M$290M$214.2M
Prepaid expenses and other$1.4M$4M$6.8M$2.7M$1.7M$3.7M
Debt Securities (Trading and AFS) - Cost Basis$12.8B—$15.2B$18B$19.9B$20.5B
Derivative Assets - Net Reduction from Master Netting Arrangements$1.3M$71.3M$108.7M$73.9M$19.3M$14.4M
Derivative assets$908.1M$724.8M$629.2M$613M$611.5M$661M
Trading assets$12.8B—$15.2B$18B$19.9B$20.5B
Net Cash Collateral Received - Derivative Instruments$78.2M$0-$3.8M-$279K$0$0
Net Derivative Assets/(Liabilities) After Master Netting$0$0$2M$6K$0$0
Prepaid expenses and other current assets$1.4M$4M$6.8M$2.7M$1.7M$3.7M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets—$257.3M$257.3M$257.3M—$257.3M
Available-for-sale securities$12.4B$14.4B$15.1B$18.1B$20B$20.5B
Total assets$13.5B$15.5B$16.2B$19.4B$21B$21.5B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash collateral posted by counterparties$833.9M$655.5M$470.5M$453.6M$419.4M$401.2M
Accrued interest payable- repurchase agreements (including $35,895 and $27,752, at March 31, 2026 and December 31, 2025, respectively with BUCKLER)$32.1M$54.7M$39.7M$64M$59.3M$83.4M
Payables to customers and broker-dealers$103.5M$0$634.1M$72.9M$302.1M$148.2M
Other non-current liabilities$1.3M$71.3M$106.9M$73.7M$19.3M$14.4M
Secured Borrowings Cash Right to Reclaim$0$0-$3.8M-$279K$0$0
Total liabilities$12.2B$13.8B$14.6B$17.2B$18.7B$19.1B