Friday 6 November 2026
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Angel Oak Mortgage REIT Inc.
AOMR Real Estate Reit Mortgage
Angel Oak Mortgage REIT Inc.’s revenue for fiscal 2025 (year ended December 2025) was $143.7 million, up 30.1% from fiscal 2024.
- Revenue
- +15.8%
- EPS
- −246.9%
- Free cash flow
- +63.1%
- Total debt
- +10.9%
Quarter to September 2026, against a year earlier
6.08
0.09
−1.46%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 19 | 41 | 61 | 116 | 96 | 110 | 144 | 164 | +40.3% | 46 | 46 | 48 | (30.4%) | |
| Gross margin, % | — | — | — | 0.00 | 81.63 | 81.05 | 45.45 | 30.12 | 33.44 | 28.61 | 26.89 | +28.6 pt | ||||||
| EBT | — | — | — | 5 | 1 | 23 | (191) | 35 | 32 | 45 | (9) | +43.3% | ||||||
| EBT margin, % | — | — | — | 27.26 | 1.80 | 37.51 | (165.56) | 36.43 | 28.99 | 31.02 | (5.60) | +3.8 pt | ||||||
| Net income | — | — | — | 5 | 1 | 21 | (188) | 34 | 29 | 44 | (9) | +43.0% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.72 | 2.60 | 2.94 | 4.71 | 3.88 | 4.57 | 6.07 | 7.06 | +42.7% | |||||
| Earnings | — | — | — | 0.20 | 0.05 | 1.02 | (7.65) | 1.36 | 1.18 | 1.85 | (0.42) | +44.9% | ||||||
| Cash flow | — | — | — | 0.02 | 2.19 | (76.11) | (13.49) | 12.39 | (9.16) | (17.18) | (14.76) | n/m | ||||||
| Capex | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | 0.02 | 2.19 | (76.11) | (13.49) | 12.39 | (9.16) | (17.18) | (14.76) | n/m | ||||||
| Book value | — | — | — | 3.62 | 15.79 | 23.85 | 9.63 | 10.36 | 9.88 | 11.30 | 9.05 | +20.9% | ||||||
| Shares, m | — | — | — | 26 | 16 | 21 | 25 | 25 | 24 | 24 | 24 | (1.7%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 16.35 | 16.35 | 14.85 | 0.00 | 8.00 | 7.93 | 4.63 | 0.00 | 9.7 | |||||
| P/S | — | — | — | 10.05 | 10.05 | 5.57 | 1.13 | 2.78 | 2.03 | 1.42 | 0.88 | 4.7 | ||||||
| P/B | — | — | — | 0.93 | 0.93 | 0.69 | 0.55 | 1.04 | 0.94 | 0.76 | 0.68 | 0.8 | ||||||
| EV/Sales | — | — | — | 14.84 | 14.84 | 14.89 | 9.47 | 14.50 | 16.51 | 15.06 | 13.16 | 14.3 | ||||||
| EV/FCF | — | — | — | (9.18) | (9.18) | (0.58) | (3.31) | 4.54 | (8.23) | (5.31) | (6.29) | (4.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 0 | 34 | (1,568) | (331) | 306 | (221) | (407) | (342) | n/m | |||||
| Capex | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Free cash flow | — | — | — | 0 | 34 | (1,568) | (331) | 306 | (221) | (407) | (342) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 118 | 971 | 1,213 | 1,361 | 1,799 | 2,205 | 2,271 | +79.7% | |||||
| Net debt | — | — | — | 353 | (11) | 564 | 964 | 1,125 | 1,598 | 1,959 | (49) | +33.1% | ||||||
| Shareholders’ equity | — | — | — | 95 | 248 | 491 | 236 | 256 | 239 | 268 | 210 | +18.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 1.06 | 0.15 | 1.37 | (6.80) | 1.28 | 1.26 | 1.75 | (0.34) | +0.7 pt | |||||
| ROIC | — | — | — | 0.00 | 0.19 | 1.34 | (9.96) | 1.58 | 1.09 | 1.25 | (3.56) | +1.3 pt | ||||||
| ROE | — | — | — | 2.99 | 0.42 | 5.71 | (51.62) | 13.69 | 11.61 | 17.38 | (3.96) | +14.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 745 | 900 | 400 | 0 | 0 | — | — | n/m | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.05 | 0.07 | 0.29 | 0.00 | 0.00 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 3 Nov 2026
Angel Oak Mortgage REIT Inc. vs peers in Reit Mortgage (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| REFI Chicago Atlantic Real Estate Finance, Inc. | $229.1M | 6.5× | 6.7× | −11.02% (below 0%: shrinking) | −16.67% (below 0%: shrinking) | +40.10% (above 0%: growing) | 100.00% | 59.97% | Compare |
| ACRE Ares Commercial Real Estate Corporation | $188.6M | — (loss-making) | 48.0× | +14.25% (above 0%: growing) | n/m | +1,481.15% (above 0%: growing) | 100.00% | 37.52% | Compare |
| RC Ready Capital Corp | $176.8M | — (loss-making) | — (loss-making) | −49.32% (below 0%: shrinking) | n/m | +231.22% (above 0%: growing) | 100.00% | 101.65% | Compare |
| ACR ACRES Commercial Realty Corp. | $176.4M | — (loss-making) | — (loss-making) | −4.08% (below 0%: shrinking) | n/m | −57.74% (below 0%: shrinking) | 92.55% | (26.38%) | Compare |
| MITT TPG Mortgage Investment Trust Inc. | $158.7M | 6.8× | 16.4× | +11.99% (above 0%: growing) | n/m | +110.45% (above 0%: growing) | 100.00% | 100.45% | Compare |
| AOMR Angel Oak Mortgage REIT Inc. | $144.4M | — (loss-making) | 16.4× | +15.82% (above 0%: growing) | n/m | +63.13% (above 0%: growing) | 24.11% | (39.27%) | |
| SUNS Sunrise Realty Trust, Inc. | $90.3M | 6.9× | 6.4× | +2.64% (above 0%: growing) | −8.00% (below 0%: shrinking) | +214.97% (above 0%: growing) | 100.00% | 61.88% | Compare |
| CHMI Cherry Hill Mortgage Investment Corporation | $90.2M | 27.1× | 10.8× | +37.30% (above 0%: growing) | n/m | +812.55% (above 0%: growing) | 100.00% | 163.69% | Compare |
| RPT Great Ajax Corp. | $87.8M | 73.7× | — (loss-making) | +51.83% (above 0%: growing) | n/m | −49.18% (below 0%: shrinking) | 100.00% | 46.03% | Compare |
| Median of peers | $167.5M | 6.9× | 10.8× | +7.32% | — | +162.71% | 100.00% | 60.93% |
Pay and ownership Proxy statement filed 1 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 742.07k | 682.61k | 263.21 |
| 2024 | 3.37k | 11.84k | 250.32 |
| 2023 | 10.11k | 56.10k | 251.16 |
Ownership
Directors and executive officers, together
2.90%
Xylem Finance LLC
16.60%
NHTV Atlanta Holdings LP
14.70%
Victory Capital Management Inc.
5.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement