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ARMOUR Residential REIT (ARR) Financials

ARMOUR Residential REIT logo
$16.48 +0.07 (+0.41%)
Closing price 05/20/2026 03:59 PM Eastern
Extended Trading
$16.55 +0.07 (+0.44%)
As of 07:32 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for ARMOUR Residential REIT

Annual Income Statements for ARMOUR Residential REIT

This table shows ARMOUR Residential REIT's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -47 -61 165 - -266 -225 3.89 -242 -80 -26 311
Consolidated Net Income / (Loss)		 -31 -46 181 - -250 -215 15 -230 -68 -14 323
Net Income / (Loss) Continuing Operations		 -31 -46 181 - -250 93 15 -222 -75 -14 323
Total Pre-Tax Income 		-31 -46 181 - -250 93 15 -222 -75 -14 323
Total Revenue		 5.74 -8.01 217 - -211 135 50 -173 -24 46 384
Net Interest Income / (Expense)		 306 191 160 - 151 106 73 108 27 27 158
Total Interest Income		 365 264 254 - 440 169 71 228 553 551 800
Other Interest Income		 - 264 254 - - 169 - 228 553 551 800
Total Interest Expense		 59 73 95 - 231 63 7.11 121 526 524 642
Federal Funds Purchased and Securities Sold Interest Expense		 59 73 95 - 288 63 7.11 121 526 524 642
Total Non-Interest Income		 -300 -199 57 - -363 28 -14 -280 -51 19 226
Other Service Charges		 - - - - - 8.86 - 7.80 - 6.60 6.60
Net Realized & Unrealized Capital Gains on Investments		 -300 -199 57 - -363 - -14 659 -51 361 -296
Other Non-Interest Income		 - - - - - 20 - -947 - -349 515
Total Non-Interest Expense		 37 38 36 - 38 41 35 46 50 60 61
Salaries and Employee Benefits		 2.29 2.26 2.30 - 3.89 5.60 6.61 5.49 4.94 4.74 3.56
Other Operating Expenses		 35 35 34 - 35 35 28 40 45 56 58
Preferred Stock Dividends Declared		 16 16 16 - 16 9.79 11 12 12 12 12
Basic Earnings per Share		 ($1.09) ($1.67) $4.22 - ($4.59) ($3.57) $0.24 ($10.25) ($1.86) ($0.51) $3.31
Weighted Average Basic Shares Outstanding		 42.78M 36.70M 39.17M 42.13M 57.83M 63.07M 15.90M 23.59M 43.05M 52.16M 93.94M
Diluted Earnings per Share		 ($1.09) ($1.67) $4.17 - ($4.59) ($3.57) $0.24 ($10.25) ($1.86) ($0.51) $3.30
Weighted Average Diluted Shares Outstanding		 42.78M 36.70M 39.64M 42.13M 57.83M 63.07M 16.06M 23.59M 43.05M 52.16M 94.27M
Weighted Average Basic & Diluted Shares Outstanding		 43M 36.70M 39.20M 42.13M 58.88M 63.07M 96.01M 192.77M 48.75M 76.41M 119.38M
Cash Dividends to Common per Share		 $3.89 $3.02 $2.28 $2.28 $2.16 $1.20 $6.00 $6.00 $5.00 $2.88 $2.88

Quarterly Income Statements for ARMOUR Residential REIT

This table shows ARMOUR Residential REIT's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -182 97 12 -51 63 -49 24 -79 156 209 -58
Consolidated Net Income / (Loss)		 -179 100 15 -48 66 -46 27 -76 159 212 -55
Net Income / (Loss) Continuing Operations		 -181 95 15 -48 66 -46 27 -76 159 212 -55
Total Pre-Tax Income 		-181 95 15 -48 66 -46 27 -76 159 212 -55
Total Revenue		 -168 109 37 -35 78 -33 42 -60 174 227 -40
Net Interest Income / (Expense)		 3.60 5.76 5.33 6.97 1.84 13 36 33 39 50 71
Total Interest Income		 154 146 141 130 127 152 173 181 210 236 249
Other Interest Income		 154 - 141 130 127 152 173 181 210 236 249
Total Interest Expense		 150 140 136 123 125 140 137 148 172 186 178
Federal Funds Purchased and Securities Sold Interest Expense		 150 140 136 123 125 140 137 148 172 186 178
Total Non-Interest Income		 -172 103 31 -42 76 -46 5.78 -93 136 177 -110
Other Service Charges		 - - 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 0.00
Net Realized & Unrealized Capital Gains on Investments		 -172 -53 167 69 -232 357 -204 -111 -43 62 72
Other Non-Interest Income		 - - -138 -113 306 -404 208 17 177 113 -183
Total Non-Interest Expense		 13 15 22 13 12 13 15 16 15 16 15
Salaries and Employee Benefits		 1.26 1.26 1.44 1.14 1.14 1.03 0.81 0.89 0.93 0.94 0.95
Other Operating Expenses		 11 13 21 12 11 12 14 15 14 15 14
Preferred Stock Dividends Declared		 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.03 3.18
Basic Earnings per Share		 ($3.92) $2.24 $0.24 ($1.05) $1.22 ($0.95) $0.32 ($0.94) $1.50 $2.22 ($0.49)
Weighted Average Basic Shares Outstanding		 46.51M 43.05M 48.77M 48.77M 51.65M 52.16M 75.22M 83.80M 104.32M 93.94M 119.58M
Diluted Earnings per Share		 ($3.92) $2.24 $0.24 ($1.05) $1.21 ($0.95) $0.32 ($0.94) $1.49 $2.22 ($0.49)
Weighted Average Diluted Shares Outstanding		 46.51M 43.05M 48.99M 48.77M 51.83M 52.16M 75.38M 83.80M 104.57M 94.27M 119.58M
Weighted Average Basic & Diluted Shares Outstanding		 49.00M 48.75M 48.75M 48.77M 55.76M 76.41M 81.75M 91.59M 111.90M 119.38M 124.05M
Cash Dividends to Common per Share		 $1.20 $1.44 $0.72 $0.72 $0.72 $0.88 $0.72 $0.72 $0.72 $0.89 $0.72

Annual Cash Flow Statements for ARMOUR Residential REIT

This table details how cash moves in and out of ARMOUR Residential REIT's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -205 -202 -69 -50 41 -101 185 -238 141 -113 144
Net Cash From Operating Activities		 238 -203 110 75 -41 -258 12 124 133 261 124
Net Cash From Continuing Operating Activities		 238 -203 110 75 -41 -258 12 124 133 261 124
Net Income / (Loss) Continuing Operations		 -31 -46 181 -106 -250 -215 15 -230 -68 -14 323
Consolidated Net Income / (Loss)		 -31 -46 181 -106 -250 -215 15 -230 -68 -14 323
Amortization Expense		 110 86 45 33 53 51 48 17 3.52 -0.35 2.03
Non-Cash Adjustments to Reconcile Net Income		 12 -49 -39 206 15 8.84 80 1,114 106 314 -503
Changes in Operating Assets and Liabilities, net		 147 -195 -77 -58 141 -103 -132 -777 91 -38 302
Net Cash From Investing Activities		 2,196 5,484 -959 466 -4,390 7,086 504 -3,895 -3,039 -1,686 -7,285
Net Cash From Continuing Investing Activities		 2,196 5,484 -959 466 -4,390 7,086 504 -3,895 -3,040 -1,686 -7,639
Purchase of Investment Securities		 -5,146 -3,235 -5,822 -5,583 -10,762 -11,557 -2,645 -18,236 -14,685 -14,037 -14,026
Sale and/or Maturity of Investments		 7,525 8,715 4,942 5,948 6,454 18,613 3,022 13,548 11,644 12,378 6,802
Other Investing Activities, net		 -183 3.77 -79 101 -82 30 126 793 1.54 -26 -414
Net Cash From Financing Activities		 -2,639 -5,483 780 -592 4,471 -6,929 -331 3,533 3,047 1,312 7,305
Net Cash From Continuing Financing Activities		 -2,639 -5,483 780 -592 4,471 -6,929 -331 3,533 3,047 1,312 7,305
Issuance of Preferred Equity		 0.00 0.00 - 2.63 44 130 37 - 0.00 0.00 4.08
Issuance of Common Equity		 0.15 0.00 133 38 322 55 329 476 450 266 874
Repurchase of Common Equity		 -145 -15 0.00 0.00 -17 -0.78 0.00 -7.66 -9.94 -1.34 -20
Payment of Dividends		 -183 -127 -105 -114 -140 -85 -108 -154 -228 -163 -283
Other Financing Activities, Net		 -2,311 -5,342 752 -518 4,317 -6,818 -588 3,219 2,835 1,210 6,730
Cash Interest Paid		 219 194 165 252 426 184 21 137 607 686 735

Quarterly Cash Flow Statements for ARMOUR Residential REIT

This table details how cash moves in and out of ARMOUR Residential REIT's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -69 112 0.66 -71 9.20 -52 117 159 -114 -19 -76
Net Cash From Operating Activities		 27 60 97 27 47 90 101 25 -38 36 112
Net Cash From Continuing Operating Activities		 27 60 97 27 47 90 101 25 -38 36 112
Net Income / (Loss) Continuing Operations		 -179 100 15 -48 66 -46 27 -76 159 212 -55
Consolidated Net Income / (Loss)		 -179 100 15 -48 66 -46 27 -76 159 212 -55
Amortization Expense		 -0.26 0.20 0.44 1.07 -1.32 -0.53 -0.62 -0.23 -0.19 3.07 3.34
Non-Cash Adjustments to Reconcile Net Income		 464 -403 128 94 -284 376 -195 -13 -183 -112 194
Changes in Operating Assets and Liabilities, net		 -257 364 -46 -20 266 -238 270 114 -14 -67 -31
Net Cash From Investing Activities		 -2,102 1,619 179 2,137 -3,264 -737 -2,090 -216 -3,620 -1,358 -840
Net Cash From Continuing Investing Activities		 -2,102 1,620 179 2,137 -3,264 -737 -2,090 -216 -3,620 -1,712 -840
Purchase of Investment Securities		 -3,245 -2,191 -2,945 -3,868 -4,366 -2,858 -3,019 -2,983 -5,044 -2,981 -2,524
Sale and/or Maturity of Investments		 868 4,084 3,057 6,012 1,330 1,979 1,107 2,951 1,441 1,303 1,703
Other Investing Activities, net		 275 -273 67 -7.17 -227 141 -178 -185 -17 -34 -18
Net Cash From Financing Activities		 2,006 -1,568 -275 -2,234 3,226 595 2,106 350 3,544 1,304 652
Net Cash From Continuing Financing Activities		 2,006 -1,568 -275 -2,234 3,226 595 2,106 350 3,544 1,304 652
Issuance of Preferred Equity		 - - 0.00 - - - 0.28 - - 3.80 6.36
Issuance of Common Equity		 195 -0.03 0.00 0.02 127 138 371 99 404 -0.08 215
Repurchase of Common Equity		 0.00 -3.56 -1.34 - - - 0.00 -10 -9.92 - -2.01
Payment of Dividends		 -60 -62 -38 -38 -40 -46 -57 -63 -79 -84 -89
Other Financing Activities, Net		 1,870 -1,502 -235 -2,196 3,139 503 1,791 325 3,229 1,384 522
Cash Interest Paid		 179 158 137 198 185 166 132 182 194 228 199

Annual Balance Sheets for ARMOUR Residential REIT

This table presents ARMOUR Residential REIT's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 13,055 7,978 8,929 8,465 13,272 5,524 5,277 9,437 12,344 13,548 21,005
Cash and Due from Banks		 290 272 265 222 181 168 338 87 222 68 63
Restricted Cash		 264 79 17 11 92 4.00 19 31 37 78 227
Trading Account Securities		 12,463 6,521 8,518 8,103 12,850 5,233 4,804 9,183 12,037 13,347 20,627
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets		 39 20 24 24 44 15 12 136 48 54 88
Total Liabilities & Shareholders' Equity		 13,055 7,978 8,929 8,465 13,272 5,524 5,277 9,437 12,344 13,548 21,005
Total Liabilities		 11,830 6,886 7,603 7,339 11,836 4,586 4,134 8,325 11,073 12,187 18,744
Short-Term Debt		 11,804 6,818 7,564 7,228 11,713 4,536 3,959 6,816 9,819 10,817 18,244
Accrued Interest Payable		 7.72 6.93 6.45 10 32 1.63 0.94 23 32 36 59
Other Long-Term Liabilities		 19 61 33 101 91 48 174 1,486 1,222 1,333 441
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,225 1,092 1,326 1,125 1,437 938 1,144 1,112 1,271 1,361 2,261
Total Preferred & Common Equity		 1,225 1,282 1,531 1,125 1,437 938 1,144 1,112 1,271 1,361 2,261
Preferred Stock		 - - 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Total Common Equity		 1,225 1,092 1,326 1,125 1,437 938 1,144 1,112 1,271 1,361 2,261
Common Stock		 2,559 2,560 2,709 2,752 3,055 3,033 3,403 3,875 4,318 4,586 5,446
Retained Earnings		 -1,267 -1,439 -1,363 -1,583 -1,973 -2,274 -2,367 -2,751 -3,047 -3,224 -3,185

Quarterly Balance Sheets for ARMOUR Residential REIT

This table presents ARMOUR Residential REIT's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 10,915 13,249 12,539 13,914 12,208 10,052 13,404 15,497 16,241 19,357 21,455
Cash and Due from Banks		 291 135 164 133 221 127 64 49 141 44 66
Restricted Cash		 17 124 52 14 38 62 134 214 281 264 148
Trading Account Securities		 9,376 12,933 12,178 13,615 11,866 9,823 13,155 15,167 15,747 18,670 21,148
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets		 1,127 57 145 152 83 40 52 66 71 379 92
Total Liabilities & Shareholders' Equity		 10,915 13,249 12,539 13,914 12,208 10,052 13,404 15,497 16,241 19,357 21,455
Total Liabilities		 9,971 12,034 11,256 12,678 10,961 8,891 12,088 13,793 14,581 17,228 19,118
Short-Term Debt		 8,933 10,555 9,738 11,504 8,854 7,413 10,774 12,491 13,551 16,630 18,612
Accrued Interest Payable		 20 47 37 31 62 36 32 62 43 64 83
Other Long-Term Liabilities		 1,018 1,432 1,481 1,143 2,046 1,442 1,282 1,240 986 534 422
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 944 1,215 1,283 1,236 1,247 1,161 1,317 1,704 1,660 2,129 2,337
Total Preferred & Common Equity		 944 1,215 1,283 1,236 1,247 1,161 1,317 1,704 1,660 2,129 2,337
Preferred Stock		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Total Common Equity		 944 1,215 1,283 1,236 1,247 1,161 1,317 1,704 1,660 2,129 2,337
Common Stock		 3,702 4,052 4,129 4,321 4,318 4,319 4,449 4,958 5,053 5,442 5,667
Retained Earnings		 -2,743 -2,837 -2,846 -3,085 -3,071 -3,157 -3,132 -3,254 -3,393 -3,313 -3,330

Annual Metrics And Ratios for ARMOUR Residential REIT

This table displays calculated financial ratios and metrics derived from ARMOUR Residential REIT's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($5.45) $0.00 $21.10 ($14.60) ($22.95) $0.00 $0.25 ($10.25) ($1.86) ($0.51) $3.31
Adjusted Weighted Average Basic Shares Outstanding		 8.56M 7.34M 7.83M 8.43M 11.57M 0.00 15.90M 23.59M 43.05M 52.16M 93.94M
Adjusted Diluted Earnings per Share		 ($5.45) $0.00 $20.85 ($14.60) ($22.95) $0.00 $0.25 ($10.25) ($1.86) ($0.51) $3.30
Adjusted Weighted Average Diluted Shares Outstanding		 8.56M 7.34M 7.93M 8.43M 11.57M 0.00 16.06M 23.59M 43.05M 52.16M 94.27M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($22.95) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.34M 7.34M 8.38M 10.30M 11.78M 0.00 19.20M 38.55M 48.75M 76.41M 119.38M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for ARMOUR Residential REIT

This table displays calculated financial ratios and metrics derived from ARMOUR Residential REIT's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 119,384,920.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 119,384,920.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.46
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -30.71% 75.22% 273.09% -163.65% 146.39% -130.49% 15.09% -68.29% 123.38% - -193.78%
EBITDA Growth		 -31.05% 97.86% 149.67% -204.38% 135.65% -149.50% 78.65% -60.41% 146.39% - -292.85%
EBIT Growth		 -29.03% 102.07% 146.29% -212.54% 136.43% -149.04% 88.29% -56.38% 141.74% - -300.68%
NOPAT Growth		 -29.03% 102.07% 166.13% -178.78% 152.05% -134.33% 88.29% -56.38% 141.74% - -240.48%
Net Income Growth		 -24.15% 152.83% 146.29% -212.54% 136.77% -146.61% 88.29% -56.38% 141.74% - -300.68%
EPS Growth		 -24.15% 45.45% 125.26% -205.00% 130.87% -142.41% 33.33% 10.48% 23.14% - -253.13%
Operating Cash Flow Growth		 -69.95% -43.82% 78.56% 403.58% 73.41% 49.88% 4.82% -7.82% -180.23% - 9.93%
Free Cash Flow Firm Growth		 42.17% -10.35% 146.22% 181.78% 123.93% 63.46% -341.57% -377.29% -1,009.65% - -67.05%
Invested Capital Growth		 28.99% 39.88% -14.18% -22.20% -5.10% 9.81% 40.53% 77.40% 55.16% - 47.58%
Revenue Q/Q Growth		 -402.07% 164.98% -66.49% -196.77% 320.15% -142.71% 226.49% -241.51% 392.21% - -117.38%
EBITDA Q/Q Growth		 -499.81% 152.40% -85.27% -416.19% 236.55% -172.76% 156.86% -383.92% 309.74% - -123.98%
EBIT Q/Q Growth		 -520.88% 152.37% -85.67% -433.08% 236.26% -170.49% 158.85% -376.63% 310.64% - -125.91%
NOPAT Q/Q Growth		 -394.62% 174.81% -85.67% -333.16% 294.65% -149.34% 184.08% -293.64% 400.91% - -118.14%
Net Income Q/Q Growth		 -517.04% 155.61% -85.43% -433.08% 236.26% -170.49% 158.85% -376.63% 310.64% - -125.91%
EPS Q/Q Growth		 -517.04% 157.14% -89.29% -537.50% 215.24% -178.51% 133.68% -393.75% 258.51% - -122.07%
Operating Cash Flow Q/Q Growth		 404.61% 122.07% 60.43% -72.03% 74.00% 91.93% 12.21% -75.40% -251.44% - 213.70%
Free Cash Flow Firm Q/Q Growth		 -1.35% -2.58% 155.00% 43.32% -70.34% -256.60% -262.89% -64.51% 2.69% - 16.29%
Invested Capital Q/Q Growth		 15.60% -12.95% -8.92% -15.11% 41.01% 0.73% 16.55% 7.16% 23.33% - 2.17%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 0.00% 86.87% 40.85% 0.00% 82.79% 0.00% 63.41% 0.00% 91.32% - 0.00%
EBIT Margin		 0.00% 86.69% 39.66% 0.00% 84.49% 0.00% 64.88% 0.00% 91.43% - 0.00%
Profit (Net Income) Margin		 0.00% 91.22% 39.66% 0.00% 84.49% 0.00% 64.88% 0.00% 91.43% - 0.00%
Tax Burden Percent		 99.09% 105.23% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.12% 0.00% 1.28% 0.00% 0.27% 0.00% 0.73% - 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.12% 0.00% 1.28% 0.00% 0.27% 0.00% 0.73% - 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.95% 0.00% 11.19% 0.00% 1.98% 0.00% 5.82% - 0.00%
Return on Equity (ROE)		 -11.76% -5.70% 1.08% -9.28% 12.47% 0.00% 2.26% 0.00% 6.55% - 0.00%
Cash Return on Invested Capital (CROIC)		 -26.12% -33.80% 15.12% 24.16% 6.31% -9.44% -33.71% -55.97% -42.81% - -37.07%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.10% 0.00% 1.17% 0.00% 0.24% 0.00% 0.69% - 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.10% 0.00% 1.17% 0.00% 0.24% 0.00% 0.69% - 0.00%
Return on Common Equity (ROCE)		 -11.76% -5.70% 1.08% -9.28% 12.47% 0.00% 2.26% 0.00% 6.55% - 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -10.37% 0.00% -1.77% -9.76% 10.00% 0.00% -0.09% -1.74% 3.03% - 10.29%
Net Operating Profit after Tax (NOPAT)		 -127 95 15 -34 66 -33 27 -53 159 - -38
NOPAT Margin		 0.00% 86.69% 39.66% 0.00% 84.49% 0.00% 64.88% 0.00% 91.43% - 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.51% -0.06% 0.00% 0.17% 0.00% 0.14% 0.00% 0.22% 0.00% - 0.11%
SG&A Expenses to Revenue		 0.00% 1.16% 3.93% 0.00% 1.46% 0.00% 1.93% 0.00% 0.53% - 0.00%
Operating Expenses to Revenue		 0.00% 13.31% 60.34% 0.00% 15.51% 0.00% 35.12% 0.00% 8.57% - 0.00%
Earnings before Interest and Taxes (EBIT)		 -181 95 15 -48 66 -46 27 -76 159 - -55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -181 95 15 -47 65 -47 27 -76 159 - -52
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.65 0.63 0.73 0.79 0.75 0.76 0.75 0.82 0.63 - 0.84
Price to Tangible Book Value (P/TBV)		 0.65 0.63 0.73 0.79 0.75 0.76 0.75 0.82 0.63 - 0.84
Price to Revenue (P/Rev)		 0.00 0.00 27.16 0.00 5.22 22.63 25.01 49.82 10.92 - 6.50
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 8.21 0.00 0.00 0.00 25.65 - 8.61
Dividend Yield		 30.12% 30.41% 23.23% 20.29% 16.67% 15.48% 17.13% 17.38% 19.58% - 17.50%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 12.18% 0.00% 0.00% 0.00% 3.90% - 11.62%
Enterprise Value to Invested Capital (EV/IC)		 0.95 0.93 0.94 0.95 0.96 0.96 0.95 0.95 0.94 - 0.97
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 284.66 0.00 61.35 255.34 263.00 532.68 143.19 - 67.33
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 86.43 0.00 0.00 0.00 280.62 - 82.61
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 86.68 0.00 0.00 0.00 273.76 - 84.67
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 86.68 0.00 0.00 0.00 273.76 - 84.67
Enterprise Value to Operating Cash Flow (EV/OCF)		 67.60 78.05 54.16 38.54 49.96 44.78 50.77 54.86 98.67 - 151.65
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 5.75 3.44 14.76 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 9.31 7.72 7.10 6.38 8.18 7.95 7.33 8.16 7.81 - 7.96
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Financial Leverage		 9.37 6.98 7.88 7.02 8.73 7.84 7.23 7.43 7.95 - 7.70
Leverage Ratio		 11.39 9.14 10.34 9.24 10.70 9.84 9.39 9.32 9.51 - 9.14
Compound Leverage Factor		 11.39 9.14 10.34 9.24 10.70 9.84 9.39 9.32 9.51 - 9.14
Debt to Total Capital		 90.30% 88.54% 87.65% 86.46% 89.11% 88.82% 88.00% 89.09% 88.65% - 88.84%
Short-Term Debt to Total Capital		 90.30% 88.54% 87.65% 86.46% 89.11% 88.82% 88.00% 89.09% 88.65% - 88.84%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 9.70% 11.46% 12.35% 13.54% 10.89% 11.18% 12.00% 10.91% 11.35% - 11.16%
Debt to EBITDA		 -88.79 -138.30 -457.63 -66.24 80.57 -733.93 -4,191.54 -429.63 264.12 - 75.51
Net Debt to EBITDA		 -87.65 -134.65 -444.22 -64.55 79.09 -724.01 -4,103.12 -416.24 259.22 - 74.64
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Debt to NOPAT		 -126.61 -188.24 -573.67 -93.42 80.80 -1,073.60 -11,307.98 -671.34 257.66 - 77.39
Net Debt to NOPAT		 -124.99 -183.27 -556.85 -91.04 79.31 -1,059.09 -11,069.44 -650.41 252.88 - 76.50
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,990 -3,067 1,683 2,413 716 -1,121 -4,066 -6,690 -6,509 - -6,793
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Free Cash Flow to Firm to Interest Expense		 -19.93 -21.84 12.36 19.62 5.71 -8.01 -29.78 -45.27 -37.92 - -38.06
Operating Cash Flow to Interest Expense		 0.18 0.43 0.71 0.22 0.38 0.65 0.74 0.17 -0.22 - 0.63
Operating Cash Flow Less CapEx to Interest Expense		 0.18 0.43 0.71 0.22 0.38 0.65 0.74 0.17 -0.22 - 0.63
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 - 0.02
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 12,740 11,091 10,101 8,574 12,091 12,179 14,195 15,211 18,759 - 20,949
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.01 - 0.02
Increase / (Decrease) in Invested Capital		 2,863 3,162 -1,669 -2,446 -650 1,088 4,094 6,637 6,669 - 6,754
Enterprise Value (EV)		 12,161 10,366 9,501 8,147 11,558 11,709 13,512 14,483 17,669 - 20,362
Market Capitalization		 804 806 907 923 983 1,038 1,285 1,355 1,347 - 1,964
Book Value per Share		 $5.41 $25.94 $25.58 $23.82 $27.00 $24.42 $22.30 $20.31 $23.24 - $19.58
Tangible Book Value per Share		 $5.41 $25.94 $25.58 $23.82 $27.00 $24.42 $22.30 $20.31 $23.24 - $19.58
Total Capital		 12,740 11,091 10,101 8,574 12,091 12,179 14,195 15,211 18,759 - 20,949
Total Debt		 11,504 9,819 8,854 7,413 10,774 10,817 12,491 13,551 16,630 - 18,612
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Debt		 11,357 9,561 8,594 7,224 10,576 10,671 12,227 13,129 16,322 - 18,398
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Expense (NNE)		 53 -4.95 0.00 15 0.00 14 0.00 23 0.00 - 16
Net Nonoperating Obligations (NNO)		 11,504 9,819 8,854 7,413 10,774 10,817 12,491 13,551 16,630 - 18,612
Total Depreciation and Amortization (D&A)		 -0.26 0.20 0.44 1.07 -1.32 -0.53 -0.62 -0.23 -0.19 - 3.34
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($3.92) $2.24 $0.24 ($1.05) $1.22 ($0.95) $0.32 ($0.94) $1.50 $2.22 ($0.49)
Adjusted Weighted Average Basic Shares Outstanding		 46.51M 43.05M 48.77M 48.77M 51.65M 52.16M 75.22M 83.80M 104.32M 93.94M 119.58M
Adjusted Diluted Earnings per Share		 ($3.92) $2.24 $0.24 ($1.05) $1.21 ($0.95) $0.32 ($0.94) $1.49 $2.22 ($0.49)
Adjusted Weighted Average Diluted Shares Outstanding		 46.51M 43.05M 48.99M 48.77M 51.83M 52.16M 75.38M 83.80M 104.57M 94.27M 119.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $2.24 $0.00 $0.00 $0.00 ($0.95) $0.00 $0.00 $0.00 $2.22 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 49.00M 48.75M 48.75M 48.77M 55.76M 76.41M 81.75M 91.59M 111.90M 119.38M 124.05M
Normalized Net Operating Profit after Tax (NOPAT)		 -127 66 10 -34 46 -33 19 -53 111 - -38
Normalized NOPAT Margin		 0.00% 60.68% 27.76% 0.00% 59.14% 0.00% 45.42% 0.00% 64.00% - 0.00%
Pre Tax Income Margin		 0.00% 86.69% 39.66% 0.00% 84.49% 0.00% 64.88% 0.00% 91.43% - 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -1.21 0.67 0.11 -0.39 0.53 -0.33 0.20 -0.51 0.93 - -0.31
NOPAT to Interest Expense		 -0.84 0.67 0.11 -0.28 0.53 -0.23 0.20 -0.36 0.93 - -0.22
EBIT Less CapEx to Interest Expense		 -1.21 0.67 0.11 -0.39 0.53 -0.33 0.20 -0.51 0.93 - -0.31
NOPAT Less CapEx to Interest Expense		 -0.84 0.67 0.11 -0.28 0.53 -0.23 0.20 -0.36 0.93 - -0.22
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -166.34% -335.93% -959.15% -175.01% 135.94% -1,131.94% -11,514.89% -717.44% 380.53% - 131.32%
Augmented Payout Ratio		 -176.09% -350.56% -990.78% -179.33% 139.67% -1,141.28% -11,514.89% -752.23% 411.44% - 140.45%

Financials Breakdown Chart

Key Financial Trends

Here are key trends from Armour Residential REIT (ARR) across the last four years of quarterly results. Bullets are grouped by likely impact on the stock, with positives shown first, then neutral, then negatives.

  • Strong Q4 2025 earnings: Net income attributable to common shareholders was $208,672,000 and earnings per share (basic/diluted) $2.22, a sharp improvement from Q4 2024 (loss of ≈$49.4M and EPS ≈−$0.95).
  • Revenue recovery in Q4 2025: Total revenue rose to $227,336,000, up notably from prior quarters (Q3 2025: $174,185,000), and well above the weak Q4 2024/2023 levels.
  • Cash from operations turned positive in Q4 2025: Net cash from continuing operating activities reached $35,561,000, reversing a negative swing observed in the prior quarter.
  • Capital gains swing supported earnings: Net realized & unrealized capital gains on investments were $62,384,000 in Q4 2025 (positive vs. Q3 2025’s negative gains), aiding profitability.
  • Balance sheet size and equity indication: Total assets climbed to about $19.36B by Q3 2025 (vs. earlier quarters), with total equity around $2.13B, signaling an expanded balance sheet base.
  • Consistent quarterly dividends per share: Cash dividends per share remained $0.72, maintaining a predictable income pillar for investors.
  • Leverage trend in 2025: Short-term debt rose to about $16.63B by Q3 2025 (up from Q2 2025 and Q1 2025 levels), implying higher leverage and liquidity risk to monitor.
  • Quarterly cash burn from investing activities: Net cash from investing activities was negative in Q4 2025 (approximately −$1.36B), reflecting heavy investment activity that reduces near-term cash, albeit potentially beneficial for longer-term asset positioning.
  • Cash balance declined in the quarter: Net change in cash and equivalents was negative in Q4 2025 (≈−$18.55M), indicating cash outflow despite net income gains.
05/21/26 07:35 AM ETAI Generated. May Contain Errors.

ARMOUR Residential REIT Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ARMOUR Residential REIT's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

ARMOUR Residential REIT's net income appears to be on a downward trend, with a most recent value of $322.69 million in 2025, falling from -$31.21 million in 2015. The previous period was -$14.39 million in 2024. See ARMOUR Residential REIT's forecast for analyst expectations on what's next for the company.

Over the last 10 years, ARMOUR Residential REIT's total revenue changed from $5.74 million in 2015 to $384.04 million in 2025, a change of 6,585.9%.

ARMOUR Residential REIT's total liabilities were at $18.74 billion at the end of 2025, a 53.8% increase from 2024, and a 58.4% increase since 2015.

In the past 10 years, ARMOUR Residential REIT's cash and equivalents has ranged from $63.27 million in 2025 to $337.66 million in 2021, and is currently $63.27 million as of their latest financial filing in 2025.


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Financial statements for NYSE:ARR last updated on 4/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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