Angel Oak Mortgage Reit, Inc. is a US-listed company in the mortgage REITs industry. Its financial year ends in December.
Loading chart…
Third-party market data · may be delayed
Under review: data-quality checks not passed.
Under review: data-quality checks not passed. We'll show the comparison once resolved.
Angel Oak Mortgage Reit, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Angel Oak Mortgage Reit has little or no product revenue yet; it used $451m of cash in the twelve months to June 2026. The diluted share count is up 3.9% on a year earlier, which dilutes existing holders. It passes 0 of our 3 financial-health checks.
Our model value for Angel Oak Mortgage Reit is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Current signal Net margin expanding: TTM net margin reached 125.1%, up 59.1pp year over year.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Nothing in Angel Oak Mortgage Reit, Inc.'s latest figures clears our strength thresholds.
Loading chart…
Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Angel Oak Mortgage Reit, Inc. as a mortgage reit, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.87 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$1.0 ~$0.1–$2.2 | Left out: out of range vs price (0.14x) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$3.8 ~$3.2–$6.3 | Included |
| Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. | ~$22 ~$19–$26 | Included |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Angel Oak Mortgage Reit, Inc. with mortgage REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2021 | Now |
|---|---|---|
| Share price | $8.68 | $7.15 |
| Market value | $181m | $177m |
| + Net debt (− = net cash) | −$41m | −$29m |
| Enterprise value | $140m | $148m |
| Multiples | ||
| Price / sales | 4.3x | — |
| Price / earnings | 8.6x | — |
| Price / free cash flow | — | — |
| EV / EBITDA | — | — |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Next results: November 3, 2026, before the open. Analysts expect revenue of $11m and EPS of $0.33 (range $0.28 to $0.36) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.25 | +111% | $46m | +12% |
| Next | $1.40 | +12% | $46m | −0% |
Next year's EPS estimate has moved +0.4% in 90 days, across 5 analysts.
The consensus EPS forecast for the current fiscal year is +6.6% on 90 days ago. In the last 30 days, 3 analysts raised Angel Oak Mortgage Reit, Inc.'s forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.17 | $1.40 |
| 60 days ago | $1.22 | $1.43 |
| 30 days ago | $1.24 | $1.41 |
| 7 days ago | $1.24 | $1.41 |
| Now | $1.25 | $1.40 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.32 | $0.37 | +17.2% |
| Mar 2026 | $0.30 | $0.18 | −40.9% |
| Dec 2025 | $0.31 | $0.29 | −7.2% |
| Sept 2025 | $0.31 | $0.02 | −93.5% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|
| Return | |||||
| AOMR | −67% | +160% | −2% | +6% | −7% |
| Industry peers (median) | −21% | +17% | +4% | +6% | −21% |
| S&P 500 | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | |||||
| AOMR | 33% | 67% | 50% | 42% | 36% |
| S&P 500 | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | |||||
| AOMR | −70% | −23% | −30% | −28% | −22% |
| S&P 500 | −25% | −10% | −8% | −19% | −9% |
Worst fall since June 17, 2021: 71% from August 2, 2021 to December 19, 2022. Getting back needed a 247% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 4, 2026 | +1.3% | +1.6% | +2.3% | −2.5% |
| May 5, 2026 | −1.8% | +2.2% | −5.0% | −6.4% |
| February 25, 2026 | +2.9% | +0.3% | +3.6% | −0.8% |
| November 6, 2025 | −1.3% | −1.0% | −2.1% | −1.1% |
| August 5, 2025 | −4.6% | +0.3% | −2.8% | +8.7% |
| May 5, 2025 | +2.1% | −1.4% | +6.4% | −3.0% |
| March 4, 2025 | +2.8% | −0.1% | +0.3% | −2.6% |
| November 6, 2024 | +5.5% | +3.3% | +10.8% | +6.9% |
| August 6, 2024 | +0.2% | +0.2% | −3.9% | −7.7% |
| July 18, 2024 | −0.5% | −1.4% | −4.9% | −4.6% |
| May 7, 2024 | −0.5% | +0.1% | +4.8% | +10.3% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY21 Q1 | $56.9M |
| FY21 Q2 | $31.4M |
| FY21 Q3 | $38M |
| FY21 Q4 | $41.8M |
| FY22 Q1 | -$6.5M |
| FY22 Q2 | -$56.2M |
| FY22 Q3 | -$140.7M |
| Fiscal year | 2020 Dec 2020 | 2021 Dec 2021 | LTM Sept 2022 |
|---|---|---|---|
| Income | |||
| Revenue | 10 | 42 | −141 |
| Net income | 1 | 21 | −176 |
| Diluted EPS | $0.05 | $1.01 | −$7.11 |
| Growth (year on year) | |||
| Revenue | — | +302.2% | −470.5% |
| Net income | — | +>999% | −802.2% |
| Diluted EPS | — | +>999% | — |
| Margins | |||
| Net margin | 7.1% | 50.6% | 125.1% |
| Cash flow | |||
| Cash from operations | 34 | −1,568 | −1,329 |
| Stock-based pay | 0 | 2 | 6 |
| Balance sheet | |||
| Cash | 44 | 41 | 29 |
| Total debt | 0 | 0 | 0 |
| Net debt (negative = net cash) | −44 | −41 | −29 |
| Diluted shares | 16m | 21m | 25m |
| Returned to shareholders | |||
| Dividends | 0 | 12 | 43 |
| Buybacks | 0 | 5 | 10 |
| Total returned | 0 | 17 | 53 |
| Quarter | 2020 Q4 Dec 2020 | 2021 Q1 Mar 2021 | 2021 Q2 Jun 2021 | 2021 Q3 Sept 2021 | 2021 Q4 Dec 2021 | 2022 Q1 Mar 2022 | 2022 Q2 Jun 2022 | 2022 Q3 Sept 2022 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 9 | 11 | 5 | 13 | 13 | −37 | −45 | −72 |
| Net income | 7 | 9 | 2 | 6 | 3 | −44 | −52 | −83 |
| Diluted EPS | $0.45 | $0.60 | $0.13 | $0.25 | $0.08 | −$1.77 | −$2.13 | −$3.40 |
| Growth (year on year) | ||||||||
| Revenue | — | — | −83.9% | +107.2% | +42.1% | −422.2% | <−999% | −667.1% |
| Net income | — | — | −91.5% | +49.6% | −56.3% | −559.0% | <−999% | <−999% |
| Diluted EPS | — | — | −92.2% | −7.4% | −82.2% | −395.0% | <−999% | <−999% |
| Margins | ||||||||
| Net margin | 77.8% | 83.0% | 45.6% | 50.1% | 23.9% | 118.2% | 116.3% | 116.0% |
| Cash flow | ||||||||
| Cash from operations | −84 | −82 | −300 | −502 | −684 | −606 | −29 | −8 |
| Stock-based pay | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 3 |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Morgan Stanley | $47M | 5.2M | 31.2% | 0.0% |
| Victory Capital Management Inc | $19.4M | 2.1M | 12.9% | ▲ 30.1% |
| Davidson Kempner Capital Management LP | $16.9M | 1.9M | 11.2% | ▼ 49.1% |
| Blackrock, Inc. | $12.2M | 1.3M | 8.1% | ▲ 48.3% |
| Masters Capital Management LLC | $9.1M | 1.0M | 6.0% | 0.0% |
| Vanguard Capital Management LLC | $8M | 884K | 5.3% | ▲ 13.4% |
| Jacobs Asset Management, LLC | $4M | 445K | 2.7% | ▲ 18.6% |
| State Street Corp | $3.9M | 431K | 2.6% | ▲ 3.5% |
| Wolverine Asset Management LLC | $3.6M | 400K | 2.4% | ▲ 73.8% |
| Geode Capital Management, LLC | $3.6M | 397K | 2.4% | ▲ 4.7% |
| Wells Fargo & Company | $2M | 223K | 1.3% | ▲ 5.4% |
| Riverbridge Partners LLC | $1.8M | 199K | 1.2% | ▲ 0.9% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Angel Oak Mortgage Reit, Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Fierman Michael Director | September 25, 2026 | Buy | 38,726 | $7.50 | $290,445 |
| Filson Brandon CFO & Treasurer | September 22, 2026 | Sell | 65,000 | $7.93 | $515,450 |
| Minami W D Director | September 10, 2026 | Buy | 6,800 | $8.10 | $55,080 |
| Minami W D Director | May 22, 2026 | Buy | 10,000 | $8.15 | $81,500 |
| Xylem Finance Llc 10% owner | March 20, 2026 | Sell | 481,537 | $7.87 | $3.8M |
| Minami W D Director | November 18, 2025 | Buy | 3,441 | $8.32 | $28,629 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around February 24, 2027 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
New research on the companies we cover arrives in the weekly email. Free, one email a week.
