AOMN (Angel Oak Mortgage REIT, Inc. 9) Stock Financials & Earnings | Market Cap Arena

AOMN (Angel Oak Mortgage REIT, Inc. 9) Stock Financials & Earnings | Market Cap Arena

AOMNAngel Oak Mortgage REIT, Inc. 9

Mkt Cap$626M

Financial Services·REIT - Industrial·🇺🇸 United States·NYSE

Revenue (TTM)$133M

Net Income (TTM)$44M

EPS (TTM)$1.81

Free Cash Flow (TTM)-$195M

Gross Margin90.1%

Op. Margin110.8%

Net Margin33.2%

FCF Margin-147.0%

P/S Ratio (TTM)4.7x

P/E Ratio (TTM)14.2x

YoY Rev Growth+31.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$13M	$8M	$17M
Q2 23	$20M	$15M	$14M
Q3 23	$12M	$9M	$25M
Q4 23	$14M	$11M	$45M
Q1 24	$24M	$20M	$30M
Q2 24	$19M	$15M	$16M
Q3 24	$21M	$18M	$52M
Q4 24	$37M	$32M	$7M
Q1 25	$30M	$27M	$43M
Q2 25	$33M	$28M	$26M
Q3 25	$30M	$28M	$38M
Q4 25	$40M	$36M	$40M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	9.5x	—
Q2 23	14.4x	—
Q3 23	80.4x	—
Q4 23	10.7x	18.6x
Q1 24	9.0x	13.6x
Q2 24	9.1x	12.7x
Q3 24	8.0x	8.7x
Q4 24	6.2x	21.8x
Q1 25	5.8x	17.2x
Q2 25	5.2x	16.7x
Q3 25	4.8x	35.5x
Q4 25	4.7x	14.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$24M	$24M
Q1 23	$228M	$228M
Q2 23	-$418K	-$418K
Q3 23	$102M	$102M
Q4 23	-$286M	-$286M
Q1 24	$5M	$5M
Q2 24	$10M	$10M
Q3 24	$8M	$8M
Q4 24	$13M	$13M
Q1 25	-$202M	-$202M
Q2 25	$2M	$2M
Q3 25	-$9M	-$9M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-75.9%	-105.1%
Q2 23	-53.8%	-93.6%
Q3 23	-75.0%	-111.5%
Q4 23	+138.5%	+35.8%
Q1 24	+84.5%	-31.3%
Q2 24	-2.4%	-45.6%
Q3 24	+78.0%	-142.9%
Q4 24	+164.0%	+196.6%
Q1 25	+24.8%	-126.9%
Q2 25	+70.4%	+136.3%
Q3 25	+42.6%	+74.2%
Q4 25	+8.7%	-97.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$0	—
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$237K	0.8%
Q2 25	$296K	0.9%
Q3 25	$398K	1.3%

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$58M	$0	$58M
Q2 23	$69M	$0	$69M
Q3 23	$43M	$0	$43M
Q4 23	$44M	$0	$44M
Q1 24	$42M	$0	$42M
Q2 24	$46M	$0	$46M
Q3 24	$45M	$0	$45M
Q4 24	$41M	$0	$41M
Q1 25	$39M	$0	$39M
Q2 25	$41M	$0	$41M
Q3 25	$52M	$0	$52M
Q4 25	$42M	$0	$42M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	25M	+1.4%
Q2 23	25M	-1.0%
Q3 23	25M	+1.1%
Q4 23	25M	+0.0%
Q1 24	25M	+0.0%
Q2 24	25M	-0.6%
Q3 24	24M	-2.9%
Q4 24	23M	-2.9%
Q1 25	24M	+1.1%
Q2 25	24M	+0.6%
Q3 25	25M	+3.2%
Q4 25	25M	+2.6%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$1M	100
FY 25	$1M	100