Angel Oak Mortgage REIT, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 3, 2026, reporting a net loss of $16,673 thousand allocable to common stockholders for the third quarter.

Key Highlights

  • Net loss of $16,673 thousand was recorded for the three months ended September 30, 2026, compared to net income of $11,410 thousand in the same period of 2025, according to the filing.
  • Basic and diluted loss per share were each $(0.72) for Q3 2026, versus basic earnings of $0.49 and diluted earnings of $0.46 per share in Q3 2025.
  • Total assets reached $2,898,190 thousand as of September 30, 2026, up from $2,749,778 thousand as of December 31, 2025.
  • Total stockholders' equity declined to $209,753 thousand as of September 30, 2026, from $267,523 thousand as of December 31, 2025.
  • Net interest income was $10,236 thousand for the three months ended September 30, 2026, essentially flat compared to $10,180 thousand in Q3 2025.
  • 23,395,874 shares of common stock were issued and outstanding as of November 3, 2026, down from 24,914,647 shares as of December 31, 2025.
  • Dividends paid on common stock totaled $7,492 thousand during the three months ended September 30, 2026.

Angel Oak Mortgage REIT Q3 2026: Unrealized Losses Drive Net Loss Amid Stable Net Interest Income

According to the filing, Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) reported total interest income of $42,459 thousand and interest expense of $32,223 thousand for the three months ended September 30, 2026, yielding net interest income of $10,236 thousand. For the nine months ended September 30, 2026, the company disclosed net interest income of $33,087 thousand, up from $30,206 thousand in the same period of 2025.

The primary driver of the Q3 2026 net loss, the filing indicates, was a net unrealized loss on mortgage loans, portion of debt at fair value option, derivative contracts, and trading securities of $22,619 thousand, compared to an unrealized gain of $11,280 thousand in Q3 2025. Total realized and unrealized losses, net, were $(20,862) thousand for the quarter, versus gains of $4,723 thousand in the prior-year period. Total operating expenses for the three months ended September 30, 2026 were $6,047 thousand, compared to $3,186 thousand in Q3 2025, with securitization costs of $1,833 thousand contributing to the increase, according to the filing.

On the balance sheet, the registrant reported residential mortgage loans in securitization trusts at fair value of $2,273,583 thousand as of September 30, 2026, up from $2,076,776 thousand at December 31, 2025. The non-recourse securitization obligation grew correspondingly to $2,118,434 thousand from $1,915,321 thousand. The accumulated deficit widened to $(249,879) thousand from $(205,989) thousand over the same period. The company disclosed accumulated other comprehensive loss of $(2,077) thousand as of September 30, 2026, compared to $(1,314) thousand at December 31, 2025.

What Was Disclosed

Angel Oak Mortgage REIT filed its quarterly report for the period ended September 30, 2026, disclosing a net loss of $16,673 thousand for Q3 2026, total assets of $2,898,190 thousand, and total stockholders' equity of $209,753 thousand, with 23,395,874 common shares outstanding.