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AOMR| Name | Value |
|---|---|
| Revenues | 153.5M |
| Cost of Revenue | 4.5M |
| Gross Profit | 149.0M |
| Operating Expense | 12.2M |
| Operating I/L | 20.7M |
| Other Income/Expense | -29.5M |
| Interest Income | 28.6M |
| Pretax | -8.8M |
| Income Tax Expense | 8.3M |
| Net Income/Loss | -17.1M |
Angel Oak Mortgage, Inc. is a real estate finance company specializing in acquiring and investing in first lien non-qualified mortgage loans and other mortgage-related assets in the US market. As a real estate investment trust, it benefits from tax advantages by distributing at least 90% of its taxable income to stockholders. This strategy allows the company to avoid federal corporate income taxes. Founded in 2018, the company's primary focus is on generating revenue through the acquisition and investment in mortgage loans and related assets.
