Orchid Island Capital, Inc.
Orchid Island Capital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $414.0 million, up 71.4% from fiscal 2024. In the quarter to June 2026, revenue grew 77.9%, EPS grew 251.7% and free cash flow grew 342.5%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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Orchid Island Capital, Inc. (ORC) Piotroski F-score
Orchid Island Capital, Inc.'s Piotroski F-score for fiscal 2025 cannot be worked out: long-term debt and current liabilities not reported.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.83% | 0.75% | Pass | 1 |
| Positive operating cash flow | 120.45m | 66.99m | Pass | 1 |
| Rising return on assets | 1.83% | 0.75% | Pass | 1 |
| Cash flow above net income | (38.58m) | 29.33m | Fail | 0 |
| Falling long-term leverage | 0.01 | — | n/a | — |
| Rising current ratio | 509.34 | — | n/a | — |
| No new shares issued | 128,302,400 | 65,449,200 | Fail | 0 |
| Rising gross margin | 100.00% | 100.00% | Fail | 0 |
| Rising asset turnover | 0.05 | 0.05 | Fail | 0 |
| Piotroski F-score | n/a — long-term debt and current liabilities not reported | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| ADAM Adamas Trust, Inc. compare | 8 |
| ARI Apollo Commercial Real Estate Finance compare | 7 |
| IVR INVESCO MORTGAGE CAPITAL INC compare | 6 |
| EFC Ellington Financial Inc. compare | 4 |
| LADR Ladder Capital Corp compare | 4 |
| CIM Chimera Investment Corporation compare | 4 |
| PMT PennyMac Mortgage Investment Trust compare | 3 |
| ORC Orchid Island Capital, Inc. | — |
| MFA MFA Financial, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover