CHERRY HILL MORTGAGE INVESTMENT CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.3M | $34.6M | $-21.2M | $40.2M | $28.1M | $-56.5M | $-47.3M | $48.7M |
| Cost of Revenue | $9.3M | $12.4M | $11.2M | $11.8M | $13.6M | $22.6M | $17.4M | $10.6M |
| Gross Profit | $14.0M | $22.2M | $-32.5M | $28.4M | $14.5M | $-79.1M | $-64.7M | $38.1M |
| Gross Margin | 60.2% | 64.1% | 153.1% | 70.5% | 51.6% | 140.1% | 136.8% | 78.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $7.7M | $10.7M | $6.4M | $5.8M | $7.0M | $7.7M | $5.5M | $3.9M |
| Operating Income | $9.1M | $16.3M | $16.7M | $44.8M | $19.1M | $-49.8M | $-6.2M | $73.3M |
| Operating Margin | 39.2% | 47.2% | -78.8% | 111.5% | 67.8% | 88.3% | 13.0% | 150.6% |
| Interest Expense | — | — | $51.6M | $17.6M | $5.8M | $22.1M | $54.4M | $34.5M |
| Pretax Income | $9.1M | $16.3M | $-34.9M | $27.3M | $13.3M | $-72.0M | $-60.6M | $38.8M |
| Income Tax Expense | $2.2M | $4.1M | $523.0K | $5.1M | $781.0K | $-18.8M | $-9.9M | $4.5M |
| Net Income | $6.9M | $12.2M | $-35.5M | $22.2M | $12.5M | $-53.2M | $-50.7M | $34.3M |
| Net Margin | 29.8% | 35.3% | 167.2% | 55.2% | 44.5% | 94.2% | 107.2% | 70.4% |
| EPS (Basic) | $-0.09 | $0.07 | $-1.70 | $0.60 | $0.14 | $-3.67 | $-3.53 | $1.95 |
| EPS (Diluted) | $-0.09 | $0.07 | $-1.70 | $0.60 | $0.14 | $-3.67 | $-3.53 | $1.95 |
| Shares Outstanding (Basic) | 34.4M | 30.4M | 26.3M | 19.8M | 17.3M | 16.9M | 16.8M | 14.6M |
| Shares Outstanding (Diluted) | 34.4M | 30.4M | 26.3M | 19.8M | 17.3M | 16.9M | 16.8M | 14.7M |
| Dividends Per Share | $0.50 | $0.60 | $0.72 | $1.08 | $1.08 | $1.21 | $1.78 | $1.96 |