)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Orchid Island Capital
Orchid Island Capital (ORC) investor relations material
Orchid Island Capital Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary30 Jan, 2026
Executive summary
Net income for Q4 2025 was $103.4 million ($0.62 per share), up from $5.5 million in Q4 2024, with full-year net income reaching $159.3 million ($1.24 per share).
Book value per share at year-end 2025 was $7.54, with shareholders' equity more than doubling over the year due to capital raises and portfolio growth.
Total return for Q4 2025 was 7.8%–7.78%, with a full-year return of 11%.
Dividend declared per share was $0.36 for Q4 and $1.44 for the year.
The company doubled its equity base and MBS portfolio over 2025, capitalizing on wide MBS spreads and favorable market conditions.
Financial highlights
Q4 2025 net interest income was $38.5 million, with net realized/unrealized gains of $70.7 million; full-year net interest income was $108.3 million.
Average MBS holdings grew to $9.5 billion in Q4 from $7.7 billion in Q3, ending the year at $10.6 billion.
Prepayment speeds rose to 15.7% in Q4 from 10.1% in Q3.
Weighted average repo rate decreased to 3.98% at year-end, with average economic cost of funds for Q4 at 3.27%.
Book value per share decreased by $0.55 over the year.
Outlook and guidance
Management expects cost savings from a larger equity base to enhance future returns.
Portfolio is positioned for elevated prepayment environment and further Agency RMBS spread tightening.
Funding pressures have subsided, and monetary policy is expected to remain supportive if the economy weakens.
Market pricing for further Fed rate cuts in 2026 is uncertain and dependent on economic data.
Expense ratio ended 2025 at 1.7%, close to larger peers.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Orchid Island Capital earnings date
Q1 202624 Apr, 2026
Orchid Island Capital
Next Orchid Island Capital earnings date
Q1 202624 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Orchid Island Capital Inc is a specialty finance company that invests in residential mortgage-backed securities. The company's portfolio is composed primarily of Agency RMBS backed by single-family residential mortgages and structured through U.S. government-sponsored enterprises. It aims to generate returns through a combination of interest income and capital appreciation. The company is headquartered in Vero Beach, Florida, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage