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ORC| Name | Value |
|---|---|
| Revenues | 83.5M |
| Cost of Revenue | 4.1M |
| Gross Profit | 79.5M |
| Operating Expense | -55.0M |
| Operating I/L | 79.5M |
| Other Income/Expense | 0.0M |
| Interest Income | 49.5M |
| Pretax | 27.1M |
| Income Tax Expense | 123.6M |
| Net Income/Loss | 27.1M |
Orchid Island Capital, Inc. is a specialty finance company that focuses on investing in residential mortgage-backed securities (RMBS) in the United States. The company's primary investment is in Agency RMBS, which are backed by single-family residential mortgage loans. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations, as well as structured Agency RMBS, including interest only securities, inverse interest only securities, and principal only securities. Orchid Island Capital, Inc. generates revenue by investing in these RMBS and qualifies as a real estate investment trust for federal income tax purposes.
