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Cherry Hill Mortgage Investment Income Statement

Revenue, expenses, and profitability over time

Cherry Hill Mortgage Investment generated $31.0M in trailing twelve-month revenue, up 1.0% year-over-year. Net income was $14.4M with a 46.32% net margin. Diluted EPS is $-0.32, which declined 5.6% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$31.0MGross Profit (TTM)$22.0MNet Income (TTM)$14.4MEps Diluted (TTM)$0.03
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$87.1M
P/E Ratio6.06
ROE6.32%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Common Stock Dividends Per Share$0.2$0.2$0.2$0.1$0.1$0.1
Comprehensive Income Including Noncontrolling Interest$1M-$142K$1.9M$7.1M$9M-$2M
Other Comprehensive Income (Loss), Net of Tax-$10.8M$6.8M$320K$2.6M$1.2M-$2.4M
OCI Attributable to Noncontrolling Interest$19K-$3K$35K$119K$142K-$29K
Dividends per share declared$0.2$0.2$0.2$0.1$0.1$0.1
Reclassifications Net of Tax$9M-$9.3M-$935K$2M—-$2M
Comprehensive Income Attributable to Parent$1M-$142K$1.9M$7.1M$9M-$2M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax-$10.8M$6.9M$320K$2.6M$1.2M-$2.4M
Unrealized Gain (Loss) on Securities-$10.8M$6.9M$320K$2.6M$1.2M-$2.4M
Net Change in Cash and Restricted Cash143200000.0%-2146300000.0%——-829000000.0%1762500000.0%
OCI Attributable to Parent-$10.8M$6.8M$320K$2.6M$1.2M-$2.4M
Comprehensive Income Including Noncontrolling Interest$1M-$142K$1.9M$7.1M$9M-$2M
Number of reportable segments0.502.00———2.00
Other comprehensive income (loss), after-tax-$10.8M$6.9M$320K$2.6M$1.2M-$2.4M
Dividends per share declared$0.2$0.2$0.2$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Income Taxes Paid, Net$12K$2K$34K$2K$11K$2K
Interest Paid, Net$9M$8.1M$9.9M$10.3M$31.4M$14.1M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax-$10.8M$6.9M$320K$2.6M$1.2M-$2.4M
Comprehensive income (loss), including noncontrolling interest$1M-$142K$1.9M$7.1M$9M-$2M
Amortization Of Financing Costs$77K$78K$78K$78K$95K$104K
Stock options excluded as their inclusion would be anti-dilutive (in shares)—$237.6K$30.8K——$292.8K
Dividends declared (in dollars per share)$0.2$0.2$0.2$0.1$0.1$0.1
Comprehensive Income Loss Net Of Tax Attributable To Parent Less Preferred Stock Dividends-$1.5M-$2.6M-$616K$4.5M$6.5M-$4.4M
Less: comprehensive income attributable to noncontrolling interest$19K-$3K$35K$119K$142K-$29K
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest$1M-$142K$1.9M$7.1M$9M-$2M
Federal$2.2M$153K$990K$252K$545K$830K
State$286K$20K$131K$32K$74K$109K
Dividends, Common Stock, Cash$4.8M$4.9M$5.4M$3.7M$3.7M$3.7M
Dividend, Share-Based Payment Arrangement$91K$90K$90K$83K$53K$53K
Effective tax rates—-$0$0.4$0.1—$0.7
Income taxes at U.S. statutory rate of 21%—$0.2$0.2$0.2—$0.2
Other$0$0$0$0$0—
State income taxes – net of federal income tax benefit—-$0$0$0—$0.1
Gain (loss) on sale of derivatives$13.6M$4.6M$14.8M-$10.5M—-$70K
Securities gains, net – non-qualifying hedges on MSRs-$1.1M-$4M-$2.1M$0$0$0
Gain On RMBS Measured At Fair Value$14.8K$0$0$0$0—
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount$3M-$1.4M$564K$1M$1.8M$287K
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount$250$250$250$250$250—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount$221K$16K$103K$27K$51K$86K
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount—-$1.6M-$454K$745K—-$566K
Income Taxes Paid, Net$12K$2K$34K$2K$11K$2K
Increase (Decrease) in Accounts Receivable and Other Operating Assets—-$2.5M$1.7M-$2.2M$3.3M-$2.6M
Increase in accrued expenses and other liabilities—-$7.8M—-$11.4M—$2.6M
Interest Income (Expense), Operating$660K$2.2M$2.6M$3.3M$3.2M$4.5M
Interest Income Operating$15.1M$14.8M$14.8M$15.6M$15.8M$15.9M
Interest Paid, Excluding Capitalized Interest, Operating Activity$9M$8.1M$9.9M$10.3M$31.4M$14.1M
Long Term Incentive Plan Distributions Paid$91K$90K$90K$83K$53K$53K
Loss On RMBS Measured At Fair Value Through Earnings$24K$918K$2.1M$0$0$0
Loss On Sales Of Real Estate Mortgage Backed Securities$1.2M$3.1M$0$0$0$0
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation—-$41.6M$25.3M$23.9M$31.7M-$23.5M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation—$19.5M-$19M-$24.8M-$42.3M$28.5M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation—$682K$12.5M—$8.4M$12.6M
Net Income Loss Attributable To Noncontrolling Interest$232K-$133K$34K$83K$130K$6K
Net Servicing Income$8.5M$8.4M$9M$8.5M$8.1M$7.9M
Noncontrolling Interest Increase From Long Term Incentive Plan Units$124K$84K$60K$72K$71K$31K
Total other income—-$13.6M-$5.6M-$3.2M$0-$7.7M
Number Of Overnight And Demand Securities0.000.00———0.00
Number of reportable segments$0.5$2———$2
Number Of Units And Shares Remaining Available For Future Issuance Under Equity Compensation Plans In Shares356.8K0146.5K0024.4K
Other comprehensive income (loss)-$10.8M$6.9M$320K$2.6M$1.2M-$2.4M
Other comprehensive income/(loss)-$10.8M$6.8M$320K$2.6M$1.2M-$2.4M
Net unrealized gains (losses) on securities still held-$10.8M$6.9M$320K$2.6M$1.2M-$2.4M
Payments For Bank Loans$0$128.5K$128.5K$128.5K$128.5K—
Payments For Proceeds From Derivative Instrument Financing Activities-$22M$8.5M-$1.5M$3M-$10M$0
Payments for (Proceeds from) Derivative Instrument, Investing Activities$16.6M$1.8M———-$11.3M
Payments of Dividends$7.3M$7.2M$7.4M$7.9M$6.2M$6.1M
Payments of Ordinary Dividends, Common Stock$0$7.1M$506K——$5.9M
Payments to Acquire Mortgage-Backed Securities (MBS), Available-for-Sale$76.7M$50.5M$103.9M$34.8M$58.5M$15M
Payments To Acquire Mortgage Servicing Rights—$0$0-$2K$0-$15K
Percentage Of Taxable Income That Must Be Distributed To Qualify As AREIT90.0%90.0%——90.0%90.0%
Preferred Stock Dividends and Other Adjustments$2.5M$2.5M$2.5M$2.5M$2.4M$2.4M
Proceeds From Borrowings Of Securities Sold Under Agreements To Repurchase$2.4B$2.7B$2.7B$2.5B$2.3B$3.1B
Proceeds from Issuance of Common Stock$155K$3.6M$8.9M$2.1M$154K$165K
Proceeds From Principal Paydown Of Agency Residential Mortgage Backed Security$25.9M$22.2M$23.2M$25.2M$29.6M$32.2M
Proceeds from Sale of Mortgage-Backed Securities (MBS), Available-for-Sale$71.3M$49.6M$50.3M——$0
Repayments For Securities Sold Under Agreements To Repurchase$2.5B$2.7B$2.7B$2.5B$2.3B$3.1B
Repayments Of Bank Debt$0$2M$0$2.1M$1.8M$2M
Servicing Fee Income$11.6M$11M$10.9M$10.8M$10.6M$10.2M
Stock-based compensation$124K$84K$60K$72K$71K$31K
Share Based Compensation Arrangement By Share Based Payment Award Other Than Options Settled——0———
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment$155K$3.6M$8.9M$2.1M$154K$165K
Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted-$25K$0$0$0$0$0
Unrealized Gain Loss On Investments In Servicing Related Assets—-$6.3M-$2.7M-$5.9M-$3.9M-$1.4M
Unrealized Gain Loss On RMBS Measured At Fair Value-$31.7M$14.8M$3.5M$10.7M$6.6M-$12.4M
Comprehensive Income (Loss), Total$1M-$142K$1.9M$7.1M$9M-$2M
Cash Dividends, Common Stock$0$7.1M$506K——$5.9M
Comprehensive Income Attributable to Noncontrolling Interests$19K-$3K$35K$119K$142K-$29K
Comprehensive Income, Including Noncontrolling Interest$1M-$142K$1.9M$7.1M$9M-$2M
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Comprehensive Income Including Noncontrolling Interest$1M-$142K$1.9M$7.1M$9M-$2M
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent-$10.8M$6.8M$320K$2.6M$1.2M-$2.4M
Total Comprehensive Income$1M-$142K$1.9M$7.1M$9M-$2M
Comprehensive Income, Noncontrolling Interest$19K-$3K$35K$119K$142K-$29K
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
OCI Net of Tax, Parent-$10.8M$6.8M$320K$2.6M$1.2M-$2.4M
Cash Dividends Paid$7.3M$7.2M$7.4M$7.9M$6.2M$6.1M
Comprehensive Income$1M-$142K$1.9M$7.1M$9M-$2M
OCI Attributable to Parent-$10.8M$6.8M$320K$2.6M$1.2M-$2.4M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Common Stock Dividends Per Share (Declared)$0.2$0.2$0.2$0.1$0.1$0.1
Undistributed Earnings Allocated to Participating Securities (Diluted)-$25K$0$0$0$0$0
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Basic earnings per share$0.30$-0.29$-0.03$0.05—$-0.05
Diluted earnings per share$0.30$-0.29$-0.03$0.05—$-0.05
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Common stock dividends per share declared$0.2$0.2$0.2$0.1$0.1$0.1
Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Dividends per share declared$0.2$0.2$0.2$0.1$0.1$0.1
Antidilutive Securities Excluded from EPS—$237646.00$30775.00——$292835.00
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Dividends per share declared$0.2$0.2$0.2$0.1$0.1$0.1
Dividends per share declared$0.2$0.2$0.2$0.1$0.1$0.1
Dividends per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Dividends per share declared$0.15$0.15$0.15$0.10$0.10$0.10
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Common stock dividends per share declared$0.2$0.2$0.2$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Common Stock Dividends Per Share Declared$0.2$0.2$0.2$0.1$0.1$0.1
Common stock dividends per share declared$0.2$0.2$0.2$0.1$0.1$0.1
Weighted-average shares, basic30438081.0031690657.0033199712.0036134925.0034422750.0036593018.00
Weighted-average shares, diluted30440349.0031690657.0033199712.0036148929.0034422750.0036593018.00

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate Statutory Reconciliation—$0.2$0.2$0.2—$0.2
Effective Tax Rate (Continuing Operations)—-$0$0.4$0.1—$0.7
Effective Tax Rate—-$0$0.4$0.1—$0.7
Cash Paid for Income Taxes$12K$2K$34K$2K$11K$2K
Effective Tax Rate, Continuing Operations—-$0$0.4$0.1—$0.7
Income Tax at U.S. Statutory Rate342500000.0%-143200000.0%56400000.0%100700000.0%191900000.0%28700000.0%
State and Local Income Taxes, Net$374K$16K$0$0$197K$86K
Effective Income Tax Rate, Continuing Operations—-$0$0.4$0.1—$0.7
Tax Reconciliation, Federal Statutory Amount$3M-$1.4M$564K$1M$1.8M$287K
Tax Reconciliation, State and Local Taxes—-$0$0$0—$0.1
Effective Tax Rate—-$0$0.4$0.1—$0.7
Effective Tax Rate (Continuing Operations)—-$0$0.4$0.1—$0.7
Income Taxes Paid, Net$12K$2K$34K$2K$11K$2K
Income tax expense$2.5M$173K$1.1M$284K$619K$939K
Effective Tax Rate (Continuing Operations)—-$0$0.4$0.1—$0.7
Tax Reconciliation at Federal Statutory Rate—$0.2$0.2$0.2—$0.2
Tax Reconciliation - Federal Statutory Rate—$0.2$0.2$0.2—$0.2
Tax Reconciliation - Tax Exempt Income-1.9%23.3%-16.9%15.5%-0.9%-41.4%
Deferred Federal Tax Expense$2.2M$153K$990K$252K$545K$830K
Deferred State and Local Tax Expense$286K$20K$131K$32K$74K$109K
Effective Tax Rate (Continuing Operations)—-$0$0.4$0.1—$0.7
Income Taxes Paid, Net$12K$2K$34K$2K$11K$2K
Effective Income Tax Rate—-$0$0.4$0.1—$0.7
Statutory Federal Income Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate, Continuing Operations—-$0$0.4$0.1—$0.7
Income and Other Taxes$12K$2K$34K$2K$11K$2K
Effective Tax Rate Continuing Operations—-$0$0.4$0.1—$0.7
Tax Reconciliation Federal Statutory Rate—$0.2$0.2$0.2—$0.2
Tax Reconciliation State and Local Taxes—-$0$0$0—$0.1

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$124K$84K$60K$72K$71K$31K
Share-Based Compensation Expense$124K$84K$60K$72K$71K$31K
Operating Lease Cost$19K$15K$22.5K$18.5K$19K$19K
Compensation and benefits$1.1M$1.7M$1.4M$1.6M$1.7M$1.6M
Total Lease Cost$19K$15K$19K$19K$19K$19K
Other Costs and Expenses$4.5M$3.8M$3.4M$3.8M$3.3M$3.3M
General and administrative$2.5M$2.1M$1.9M$2.2M$1.5M$1.7M
Total Lease Cost$19K$15K$19K$19K$19K$19K
Operating Lease Cost$19K$15K$22.5K$18.5K$19K$19K
Total Lease Cost$19K$15K$19K$19K$19K$19K
Other operating charges$4.5M$3.8M$3.4M$3.8M$3.3M$3.3M
Lease Cost$19K$15K$19K$19K$19K$19K
Operating Lease Cost$19K$15K$22.5K$18.5K$19K$19K
Stock-based compensation expense$124K$84K$60K$72K$71K$31K
Occupancy and equipment$19K$15K$22.5K$18.5K$19K$19K
Other operating expenses$4.5M$3.8M$3.4M$3.8M$3.3M$3.3M
Share-Based Compensation$124K$84K$60K$72K$71K$31K
Total operating expenses$4.5M$3.8M$3.4M$3.8M$3.3M$3.3M
Lease Costs$19K$15K$19K$19K$19K$19K
Operating Lease Cost$19K$15K$22.5K$18.5K$19K$19K

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$9M-$9.3M-$935K$2M—-$2M
Common Dividends Declared (Per Share)$0.2$0.2$0.2$0.1$0.1$0.1
Net Income Allocated to Common (Diluted)$9.1M-$9.3M-$935K$2M—-$2M
Comprehensive income (loss), including noncontrolling interest$1M-$142K$1.9M$7.1M$9M-$2M
Common Stock Dividends$0$7.1M$506K——$5.9M
Cash Dividends, Common Stock$4.8M$4.9M$5.4M$3.7M$3.7M$3.7M
Net earnings to common$9M-$9.3M-$935K$2M—-$2M
Net Income Available to Common Stockholders (Diluted)$9.1M-$9.3M-$935K$2M—-$2M
Net income attributable to noncontrolling interests$232K-$133K$34K$83K$130K$6K
Net Income Available to Common Shareholders$9M-$9.3M-$935K$2M—-$2M
OCI Attributable to Parent-$10.8M$6.8M$320K$2.6M$1.2M-$2.4M
Net income$11.8M-$7M$1.6M$4.5M$7.9M$429K
Preferred stock dividends$2.5M$2.5M$2.5M$2.5M$2.4M$2.4M
Net income attributable to common stock$9M-$9.3M-$935K$2M—-$2M
Common Stock Dividends$0$7.1M$506K——$5.9M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Interest$9M$8.1M$9.9M$10.3M$31.4M$14.1M
Net Gain (Loss) on Derivative Instruments$21.8M-$22.7M-$19.1M$2.5M-$361K$6.1M
Net Interest Excluding Financing Segment$660K$2.2M$2.6M$3.3M$3.2M$4.5M
Interest expense$14.4M$12.6M$12.2M$12.3M$12.6M$11.4M
Accretion (Amortization) of Investment Discounts and Premiums$774K$767K$809K$1M$791K$891K
Other income (expense), net$660K$2.2M$2.6M$3.3M$3.2M$4.5M
Interest income (expense), operating and non-operating$660K$2.2M$2.6M$3.3M$3.2M$4.5M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes1631200000.0%-681900000.0%268200000.0%479900000.0%913900000.0%136800000.0%

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$660K$2.2M$2.6M$3.3M$3.2M$4.5M
Total interest income$15.1M$14.8M$14.8M$15.6M$15.8M$15.9M
Total revenue$18.7M-$3.1M$6M$8.6M$11.8M$4.6M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$3.1M$2.5M$2M$2.3M$2.5M$2.3M