Short answer
CHIMERA INVESTMENT CORP (CIM) filed its fiscal 2025 10-K annual report with the SEC on Feb 18, 2026. It reported revenue of $821M (+7.9% year over year) and net income of $230M.
- Top risk flagged: Cybersecurity risk overseen by Board, Audit and Risk Committees with regular reports from CISO and Incident Response Team
FY2025 key financial metrics · XBRL
- Revenue
- $821M
- +7.9% YoY
- Net income
- $230M
- +30.9% YoY
- EPS (diluted)
- $1.72
- +56.4% YoY
- ROE
- 9.0%
- +2.0 pp YoY
- Operating cash flow
- −$249M
- −221.0% YoY
Source: XBRL data from the CHIMERA INVESTMENT CORP (CIM) FY2025 10-K on SEC EDGAR. USD.
CHIMERA INVESTMENT CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: diversified residential mortgage real estate investment, origination, and management platform
- New segment introduced: Residential Origination segment via $272M acquisition of HomeXpress Mortgage Corp. in October 2025
- Strategic shift: repositioning as vertically integrated residential real estate platform with expanded mortgage lending and MSR investments
- Notable metric: acquisition consideration for HomeXpress $272 million, including $124 million cash, $120 million premium, 2.08 million common shares
- Unique fact: first-time investment in Mortgage Servicing Rights (MSRs) initiated in 2025 alongside increased liquid Agency RMBS allocations
Management Discussion & Analysis
- Revenue contribution from Palisades fees $35M full year 2025, $9M Q4 2025; HomeXpress loans originated $1.04B Q4 2025
- HomeXpress Q4 net income $8M, operating income $11M excl. amortization; operating income 111 bps of loan origination volume
- Investment Portfolio bought $4.3B Agency RMBS in 2025; sold $104M Non-Agency subordinate, $88M senior, $164M Agency CMBS IO in Q3; realized losses $8.4M Q3, $5M Q4
- Capital raised $116M net from $120M 8.875% unsecured senior notes; securitized $288M residential mortgage loans in CIM 2025-I1
- Management outlook cautious on inflation, rates, labor, housing affordability; expects HomeXpress growth from broker network expansion and correspondent platform rollout
Risk Factors
- Cybersecurity risk overseen by Board, Audit and Risk Committees with regular reports from CISO and Incident Response Team
- CISO with 28+ years IT experience leads internal cybersecurity program and infrastructure improvements
- Incident Response Team coordinates internal and third-party resources during cybersecurity incidents and escalates to CEO and Board
- Potential material cybersecurity events require notifying regulatory and government authorities as mandated by law
Generated from the filing text; verify against the original. How to read a 10-K
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