Short answer

Orchid Island Capital, Inc. (ORC) filed its fiscal 2025 10-K annual report with the SEC on Feb 20, 2026. It reported revenue of $414M (+71.4% year over year) and net income of $159M.

Top risk flagged: Cybersecurity risk from potential breaches in Company or third-party systems impacting operations and confidential information

FY2025 key financial metrics · XBRL

Revenue: $414M; +71.4% YoY
Net income: $159M; +322.3% YoY
EPS (diluted): $1.24; +117.5% YoY
ROE: 11.6%; +6.0 pp YoY
Operating cash flow: $120M; +79.8% YoY

Source: XBRL data from the Orchid Island Capital, Inc. (ORC) FY2025 10-K on SEC EDGAR. USD.

Orchid Island Capital, Inc. FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

Core business model: Specialty finance company investing in Agency RMBS, including traditional pass-through, CMOs, and structured securities like IOs, IIOs, and POs
No new products or segments introduced; continued focus on specified pools and TBAs for income and risk management
Strategic emphasis on unleveraged structured Agency RMBS to diversify interest rate risk and enhance liquidity versus prior years
Leverage ratio target maintained below 12:1, with detailed risk management via derivatives including swaps, swaptions, caps, and futures
Noteworthy use of advanced interest rate derivatives to hedge rising short-term borrowing costs amid volatile rate environment

Risk Factors

Cybersecurity risk from potential breaches in Company or third-party systems impacting operations and confidential information
Operational dependency on Manager's IT systems and cybersecurity risk processes managed by key executives Cauley and Haas with 20+ years experience
No specific regulatory, geopolitical, competitive, or financial risks detailed in this section for FY 2026

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