Orchid Island Capital, Inc. - Understand $orc stock

$ORC Market Cap: $610.1 Million

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Financial Snapshot

Revenue

$253.1M

TTM

Gross Margin

27.96%

TTM

Net Earnings

$59.24M

TTM

Current Assets

$356.8M

Q3 2024

Current Liabilities

$5.258B

Q3 2024

Current Ratio

6.79%

Q3 2024

Total Assets

$5.916B

Q3 2024

Total Liabilities

$5.260B

Q3 2024

Book Value

$656.0M

Q3 2024

Cash

$322.1M

Q3 2024

P/E

10.30

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$181.2M	$144.6M	-$42.42M	$116.0M	$142.3M	$154.6M	$146.0M	$87.13M	$68.81M	$31.80M	$9.199M	$2.698M	$1.771M	$100.0K
YoY Change	25.3%	-440.96%	-136.55%	-18.46%	-7.93%	5.9%	67.53%	26.62%	116.36%	245.73%	240.96%	52.35%	1670.96%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$181.2M	$144.6M	-$42.42M	$116.0M	$142.3M	$154.6M	$146.0M	$87.13M	$68.81M	$31.80M	$9.199M	$2.698M	$1.771M	$100.0K
Cost Of Revenue	$201.9M	$72.16M	$15.25M	$30.30M	$89.20M	$76.60M	$47.50M	$19.80M	$11.20M	$5.000M	$1.800M	$500.0K	$100.0K	$0.00
Gross Profit	-$20.70M	-$248.2M	-$57.67M	$7.400M	$29.10M	-$38.60M	$7.300M	$6.900M	$5.000M	$27.00M	$300.0K	$1.000M	$400.0K	$100.0K
Gross Profit Margin	-11.42%	-171.6%		6.38%	20.45%	-24.97%	5.0%	7.92%	7.27%	84.89%	3.26%	37.06%	22.59%	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	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$7.325M	$6.171M	$15.25M	$10.54M	$10.39M	$11.96M	$11.17M	$9.093M	$7.894M	$4.488M	$1.668M	$733.0K	$1.592M	$0.00
YoY Change	18.7%	-59.54%	44.64%	1.53%	-13.18%	7.13%	22.8%	15.19%	75.89%	169.06%	127.56%	-53.96%
% of Gross Profit				142.49%	35.69%		152.96%	131.78%	157.88%	16.62%	556.0%	73.3%	398.02%	0.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$18.53M	$10.26M	$15.25M	$10.54M	$10.39M	$11.96M	$11.17M	$9.093M	$7.894M	$4.488M	$1.668M	$733.0K	$1.592M	$0.00
YoY Change	80.58%	-32.71%	44.64%	1.53%	-13.18%	7.13%	22.8%	15.19%	75.89%	169.06%	127.56%	-53.96%
Operating Profit	-$39.23M	-$258.5M	-$72.92M	-$3.144M	$18.72M	-$50.56M	-$3.866M	-$2.193M	-$2.894M	$22.51M	-$1.368M	$267.0K	-$1.192M	$100.0K
YoY Change	-84.82%	254.45%	2219.21%	-116.8%	-137.01%	1207.86%	76.29%	-24.22%	-112.86%	-1745.61%	-612.36%	-122.4%	-1292.08%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2012	2011	2010
Interest Expense	$277.3K	$96.22K	-$100.0K
YoY Change	188.21%	-196.22%
% of Operating Profit	103.87%		-100.0%
Other Income/Expense, Net
YoY Change

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	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	-$39.23M	-$258.5M	-$64.76M	$2.100M	$24.30M	-$44.40M	$2.000M	$2.000M	$1.100M	$24.50M	-$700.0K	$500.0K	-$1.200M	$0.00
YoY Change	-84.82%	299.09%	-3183.81%	-91.36%	-154.73%	-2320.0%	0.0%	81.82%	-95.51%	-3600.0%	-240.0%	-141.67%
Income Tax	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income				0.0%	0.0%		0.0%	0.0%	0.0%	0.0%		0.0%
Net Earnings	-$39.23M	-$258.5M	-$64.76M	$2.128M	$24.27M	-$44.39M	$2.007M	$1.979M	$1.071M	$24.52M	-$698.0K	$534.0K	-$1.190M	$0.00
YoY Change	-84.82%	299.09%	-3143.23%	-91.23%	-154.67%	-2311.61%	1.41%	84.78%	-95.63%	-3612.75%	-230.71%	-144.87%
Net Earnings / Revenue	-21.65%	-178.7%		1.83%	17.05%	-28.71%	1.38%	2.27%	1.56%	77.09%	-7.59%	19.79%	-67.21%	0.0%
Basic Earnings Per Share	-$0.89	-$6.90	-$2.67	$0.16	$0.43	-$0.85	$0.05	$0.08	$0.05	$2.48	-$0.23	$0.54	-$1.21
Diluted Earnings Per Share	-$0.88	-$6.90	-$534.6K	$31.25K	$0.43	-$0.85	$0.05	$0.08	$0.05	$2.48	-$0.23	$0.54	-$1.21	$0.00

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	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$200.3M	$205.7M	$385.1M	$220.1M	$193.8M	$108.3M	$214.4M	$73.50M	$57.20M	$93.10M	$8.200M	$2.500M	$1.900M	$1.200M
YoY Change	-2.61%	-46.6%	74.99%	13.57%	78.95%	-49.49%	191.7%	28.5%	-38.56%	1035.37%	228.0%	31.58%	58.33%
Cash & Equivalents	$200.3M	$205.7M	$385.1M	$220.1M	$193.8M	$108.3M	$214.4M	$73.50M	$57.20M	$93.10M	$8.200M	$2.500M	$1.900M	$1.200M
Short-Term Investments
Other Short-Term Assets												$0.00	$0.00	$0.00
YoY Change
Inventory
Prepaid Expenses
Receivables			$0.00	$400.0K	$0.00	$221.7M						$0.00	$0.00
Other Receivables			$18.86M	$9.700M	$12.40M	$13.30M						$500.0K	$400.0K
Total Short-Term Assets	$215.2M	$217.2M	$404.0M	$230.2M	$206.2M	$343.3M	$228.8M	$85.00M	$65.70M	$99.30M	$9.800M	$3.000M	$2.300M	$1.300M
YoY Change	-0.89%	-46.25%	75.5%	11.64%	-39.94%	50.04%	169.18%	29.38%	-33.84%	913.27%	226.67%	30.43%	76.92%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$4.043B	$3.576B	$6.548B	$3.727B	$3.591B	$3.015B	$3.745B	$3.022B	$2.158B	$1.549B	$351.2M	$115.4M	$56.00M	$25.80M
YoY Change	13.04%	-45.38%	75.7%	3.79%	19.12%	-19.5%	23.91%	40.05%	39.3%	341.12%	204.33%	106.07%	117.05%
Other Assets	$28.40M	$31.57M	$65.30M	$58.80M	$65.90M	$7.000M	$25.30M	$11.10M	$4.200M	$2.600M	$2.400M	$400.0K	$100.0K	$0.00
YoY Change	-10.05%	-51.66%	11.05%	-10.77%	841.43%	-72.33%	127.93%	164.29%	61.54%	8.33%	500.0%	300.0%
Total Long-Term Assets	$4.050B	$3.649B	$6.665B	$3.828B	$3.676B	$3.052B	$3.795B	$3.054B	$2.176B	$1.559B	$353.8M	$115.9M	$56.10M	$25.80M
YoY Change	10.99%	-45.26%	74.11%	4.14%	20.43%	-19.56%	24.26%	40.33%	39.63%	340.5%	205.26%	106.6%	117.44%
Total Assets	$4.265B	$3.866B	$7.069B	$4.058B	$3.882B	$3.396B	$4.023B	$3.139B	$2.242B	$1.658B	$363.6M	$118.9M	$58.40M	$27.10M
YoY Change
Accounts Payable	$1.013M	$1.131M	$1.062M	$600.0K	$600.0K	$700.0K	$800.0K	$600.0K	$500.0K	$300.0K	$100.0K	$0.00	$200.0K	$0.00
YoY Change	-10.43%	6.5%	77.0%	0.0%	-14.29%	-12.5%	33.33%	20.0%	66.67%	200.0%		-100.0%
Accrued Expenses	$7.939M	$9.209M	$788.0K	$1.200M	$11.10M	$6.400M	$6.500M	$1.800M	$900.0K	$600.0K	$100.0K	$100.0K	$0.00	$0.00
YoY Change	-13.79%	1068.65%	-34.33%	-89.19%	73.44%	-1.54%	261.11%	100.0%	50.0%	500.0%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$3.706B	$3.378B	$6.244B	$3.596B	$3.448B	$3.025B	$3.534B	$2.794B	$1.799B	$1.437B	$318.6M	$103.9M	$44.30M	$22.70M
YoY Change	9.69%	-45.89%	73.66%	4.28%	13.98%	-14.4%	26.49%	55.31%	25.2%	350.94%	206.64%	134.54%	95.15%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.781B	$3.395B	$6.257B	$3.602B	$3.465B	$3.036B	$3.549B	$2.801B	$1.800B	$1.438B	$318.8M	$104.0M	$44.50M	$22.70M
YoY Change	11.39%	-45.75%	73.7%	3.97%	14.12%	-14.44%	26.7%	55.58%	25.22%	350.94%	206.54%	133.71%	96.04%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$13.73M	$32.28M	$43.09M	$40.40M	$21.70M	$23.50M	$12.60M	$5.200M	$188.4M	$2.100M	$100.0K	$100.0K	$0.00	$0.00
YoY Change	-57.48%	-25.09%	6.67%	86.18%	-7.66%	86.51%	142.31%	-97.24%	8871.43%	2000.0%	0.0%
Total Long-Term Liabilities	$13.73M	$32.28M	$43.09M	$40.40M	$21.70M	$23.50M	$12.60M	$5.200M	$188.4M	$2.100M	$100.0K	$100.0K	$0.00	$0.00
YoY Change	-57.48%	-25.09%	6.67%	86.18%	-7.66%	86.51%	142.31%	-97.24%	8871.43%	2000.0%	0.0%
Total Liabilities	$3.795B	$3.427B	$6.301B	$3.643B	$3.487B	$3.060B	$3.561B	$2.806B	$1.989B	$1.440B	$318.8M	$104.1M	$44.60M	$22.80M
YoY Change	10.74%	-45.61%	72.96%	4.48%	13.96%	-14.08%	26.91%	41.1%	38.13%	351.6%	206.24%	133.41%	95.61%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2016	2015	2014	2013	2012
Basic Shares Outstanding	44.65M	37.47M	24.23M	13.44M				827.6K shares
Diluted Shares Outstanding					24.10M shares	20.27M shares	9.890M shares	3.012M shares	981.7K shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $610.07 Million

About Orchid Island Capital, Inc.

Orchid Island Capital, Inc. is a finance company, which engages in investing activities. The company is headquartered in Vero Beach, Florida. The company went IPO on 2013-02-13. The firm's investment portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations (CMOs) issued by the government-sponsored enterprise (GSEs), and structured Agency RMBS, such as interest only securities (IOs), inverse interest only securities and principal only securities (POs), among other types of structured Agency RMBS. The firm's business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. The firm intends to achieve this objective by investing in and strategically allocating capital between pass-through Agency RMBS and structured Agency RMBS. The firm is externally managed by Bimini Advisors, LLC.

Industry: Real Estate Investment Trusts Peers: Advanced Flower Capital Inc. Angel Oak Mortgage REIT, Inc. ANNALY CAPITAL MANAGEMENT INC Chicago Atlantic Real Estate Finance, Inc. DYNEX CAPITAL INC Granite Point Mortgage Trust Inc. Rithm Property Trust Inc. Invesco Mortgage Capital Inc. NexPoint Real Estate Finance, Inc. TPG RE Finance Trust, Inc.