Orchid Island Capital, Inc. (ORC) Form 10-Q — Oct 23, 2026
Orchid Island Capital reported a Q3 2026 GAAP net loss of $178.9 million, or $0.90 per share, swinging from net income of $72.1 million ($0.53/share) in Q3 2025, as sharply higher interest rates drove $567.1 million of unrealized losses on its Agency RMBS portfolio, partially offset by $335.4 million of derivative hedging gains. On an ex-gains basis the company earned $52.8 million ($0.27/share) in Q3 with net interest income rising to $59.1 million, showing core earnings power remained intact. However, stockholders' equity fell roughly 14% in the quarter to $1.17 billion and leverage rose to 8.6:1 economic (8.8:1 adjusted) from 7.3:1 (7.4:1) at year-end 2025.
Key figures
- Total Debt
- 10361717000
- Total Assets
- 12024007000
- Cash Position
- 462423000
- Shares Outstanding
- 192992160
- Q3 2025 eps
- 0.53
- Q3 eps ex gains
- 0.27
- Adjusted leverage
- 8.8:1
- Economic leverage
- 8.6:1
- Q3 2025 net income
- 72078000
- Q3 repurchase cost
- $31.2 million
- Derivative gains q3
- 335368000
- Ninemo eps ex gains
- 0.79
- Stockholders equity
- 1171836000
- Atm net proceeds 9mo
- 135525000
- October 2026 dividend
- $0.10 per share
- Q3 shares repurchased
- 4946123
- Net interest income q3
- 59134000
- Q3 net income ex gains
- 52799000
- Weighted avg repo cost
- 3.99%
- Shares issued via atm 9mo
- 18558681
- Buyback weighted avg price
- 6.3
- Ninemo net income ex gains
- 155674000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.