Angel Oak Mortgage Reit Inc - Understand $aomr stock

$AOMR Market Cap: $243.3 Million

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Financial Snapshot

Revenue

$83.25M

TTM

Gross Margin

47.94%

TTM

Net Earnings

$49.47M

TTM

Current Assets

$50.13M

Q2 2024

Current Liabilities

$384.5M

Q2 2024

Current Ratio

13.04%

Q2 2024

Total Assets

$2.114B

Q2 2024

Total Liabilities

$1.858B

Q2 2024

Book Value

$255.8M

Q2 2024

Cash

$43.96M

Q2 2024

P/E

4.917

Sep 13, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018
Revenue	$95.95M	$52.52M	$60.56M	$40.82M	$11.78M	$541.0K
YoY Change	82.7%	-13.27%	48.35%	246.67%	2076.52%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
Revenue	$95.95M	$52.52M	$60.56M	$40.82M	$11.78M	$541.0K
Cost Of Revenue	$2.484M	$3.137M	$0.00	$2.527M	$2.426M	$0.00
Gross Profit	$26.42M	$49.38M	$49.08M	$30.79M	$9.349M	$541.0K
Gross Profit Margin	27.53%	94.03%	81.05%	75.44%	79.4%	100.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018
Selling, General & Admin	$7.531M	$13.55M	$7.609M	$3.343M	$890.0K	$101.0K
YoY Change	-44.43%	78.1%	127.61%	275.62%	781.19%
% of Gross Profit	28.51%	27.44%	15.5%	10.86%	9.52%	18.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$7.531M	$13.55M	$16.50M	$7.121M	$4.228M	$1.212M
YoY Change	-44.43%	-17.85%	131.67%	68.42%	248.84%
Operating Profit	$18.89M	$35.83M	$32.58M	$23.67M	$5.121M	-$671.0K
YoY Change	-47.29%	9.97%	37.63%	362.27%	-863.19%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
Interest Expense	$67.05M	-$210.5M	$11.48M	$7.499M	$22.00K	-$878.0K
YoY Change	-131.86%	-1934.0%	53.03%	33986.36%	-102.51%
% of Operating Profit	355.04%	-587.4%	35.22%	31.68%	0.43%
Other Income/Expense, Net	-$9.889M	-$16.65M
YoY Change	-40.61%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018
Pretax Income	$34.96M	-$191.3M	$22.71M	$736.0K	$5.143M	-$1.549M
YoY Change	-118.28%	-942.2%	2986.01%	-85.69%	-432.02%
Income Tax	$1.246M	-$3.457M	$1.600M	$0.00
% Of Pretax Income	3.56%		7.04%	0.0%
Net Earnings	$33.71M	-$187.8M	$21.11M	$736.0K	$5.143M	-$1.549M
YoY Change	-117.95%	-989.72%	2768.61%	-85.69%	-432.02%
Net Earnings / Revenue	35.14%	-357.67%	34.87%	1.8%	43.68%	-286.32%
Basic Earnings Per Share	$1.36	-$7.65	$1.02	$0.05
Diluted Earnings Per Share	$1.35	-$7.65	$1.01	$0.05	$201.7K	-$60.74K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$41.63M	$29.27M	$40.80M	$43.57M	$7.413M	$791.0K
YoY Change	42.2%	-28.26%	-6.35%	487.74%	837.17%
Cash & Equivalents	$41.63M	$29.27M	$40.80M	$43.57M	$7.413M	$791.0K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$49.13M	$46.77M	$66.79M	$48.64M	$11.62M	$1.642M
YoY Change	5.04%	-29.97%	37.3%	318.74%	607.43%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$622.0M	$1.061B	$746.4M	$308.7M	$261.9M	$197.6M
YoY Change	-41.4%	42.21%	141.76%	17.86%	32.53%
Other Assets	$2.871M	$14.05M	$11.51M	$2.404M	$1.789M	$1.226M
YoY Change	-79.56%	22.05%	378.7%	34.38%	45.92%
Total Long-Term Assets	$2.259B	$2.899B	$2.511B	$461.0M	$447.5M	$429.3M
YoY Change	-22.09%	15.46%	444.7%	3.03%	4.23%
Total Assets	$2.308B	$2.946B	$2.578B	$509.7M	$459.1M	$431.0M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$2.553M	$5.845M	$3.150M	$953.0K	$1.652M	$1.144M
YoY Change	-56.32%	85.56%	230.54%	-42.31%	44.41%
Deferred Revenue
YoY Change
Short-Term Debt	$193.7M	$52.54M	$609.3M	$178.3M	$224.1M	$197.0M
YoY Change	268.56%	-91.38%	241.72%	-20.44%	13.75%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$590.8M	$1.066B	$615.8M	$179.2M	$225.8M	$198.3M
YoY Change	-44.6%	73.16%	243.58%	-20.61%	13.88%
Long-Term Debt	$1.460B	$1.643B	$1.470B	$81.91M	$138.5M	$187.8M
YoY Change	-11.17%	11.8%	1694.72%	-40.84%	-26.26%
Other Long-Term Liabilities	$1.334M	$0.00	$728.0K	$198.0K	$0.00	$878.0K
YoY Change		-100.0%	267.68%		-100.0%
Total Long-Term Liabilities	$1.461B	$1.643B	$1.471B	$82.10M	$138.5M	$188.7M
YoY Change	-11.09%	11.74%	1691.28%	-40.7%	-26.61%
Total Liabilities	$2.052B	$2.710B	$2.087B	$261.3M	$364.2M	$386.9M
YoY Change	-24.28%	29.87%	698.38%	-28.25%	-5.86%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	24.72M shares	24.55M shares	20.60M shares	15.72M shares
Diluted Shares Outstanding	24.94M shares	24.55M shares	20.85M shares	15.72M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $243.26 Million

About Angel Oak Mortgage REIT Inc

Angel Oak Mortgage REIT, Inc. is a real estate finance company, which focuses on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. The company is headquartered in Atlanta, Georgia. The company went IPO on 2021-06-17. The firm's objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across interest rate and credit cycles. Its strategy is to make credit-sensitive investments in newly originated first lien non-QM loans that are primarily made to non-QM loan borrowers and primarily sourced from its mortgage lending platform, Angel Oak Mortgage Lending, which operates through a wholesale channel and has a national origination footprint. The company also may invest in other residential mortgage loans, RMBS, and other mortgage-related assets, which, collectively with non-QM loans, are referred to as target assets. The company is externally managed and advised by Falcons I, LLC (the Manager).

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