ARMOUR Residential REIT Swings to $54.9M Net Loss in Q1 2026

ARMOUR Residential REIT, a mortgage real estate investment trust specializing in residential mortgage-backed securities, posted a net loss of $54.9 million for the three months ending March 31, 2026. The loss, equal to $0.49 per diluted share, marks a steep decline from net income of $27.3 million, or $0.32 per diluted share, in the same quarter of 2025. Read more earnings reports.

Operating expenses climbed to $15.3 million from $14.8 million in the prior-year period, an increase of 3.8%. Labor and related expenses grew to $953,000 from $811,000.

The company generated $111.6 million in cash from operations during the quarter, up from $101.5 million a year earlier. Cash used in investing activities totaled $839.7 million, a significant improvement from the $2.09 billion deployed in the first quarter of 2025. Financing activities brought in $652.3 million compared to $2.11 billion in the year-ago period.

Total assets rose to $21.5 billion as of March 31, 2026, from $21.0 billion at the end of December 2025. Total liabilities increased to $19.1 billion from $18.7 billion over the same period.

Stockholders' equity stood at $2.34 billion at quarter-end, up from $2.26 billion three months prior. The company had 123.6 million common shares outstanding as of March 31, 2026, compared to 111.9 million at year-end 2025.

Cash and cash equivalents totaled $66.5 million, up slightly from $63.3 million at the end of December. Combined cash and restricted cash decreased to $214.2 million from $290.0 million during the quarter.