ARMOUR Residential REIT, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending June 30, 2025. The company achieved interest income of $180.9 million for the quarter, a 39% increase from $129.9 million in the same period last year. However, the company also faced increased interest expenses, totaling $147.8 million, compared to $123.0 million in the prior year, leading to a net interest income of $33.1 million, up from $7.0 million. Despite this improvement, ARMOUR reported a net loss of $75.6 million for the quarter, compared to a loss of $48.4 million in the same quarter of 2024.
The company's total assets rose to $16.2 billion as of June 30, 2025, up from $13.5 billion at the end of 2024. This increase was primarily driven by a substantial rise in investments in agency securities, which reached $14.5 billion, compared to $12.4 billion at the end of the previous fiscal year. The liabilities also increased, with total liabilities amounting to $14.6 billion, up from $12.2 billion, largely due to higher repurchase agreements, which rose to $12.8 billion from $10.7 billion.
In terms of operational developments, ARMOUR's common stock outstanding increased to 88.1 million shares as of June 30, 2025, compared to 62.4 million shares at the end of 2024. The company also engaged in equity capital activities, raising $476.0 million through its common stock ATM sales agreement during the six months ended June 30, 2025. Additionally, ARMOUR repurchased 667 shares of its common stock at an average price of $15.05 during the same period.
Looking ahead, ARMOUR's management expressed a cautious outlook, emphasizing the importance of managing interest rate risks and maintaining liquidity amid ongoing market volatility. The company plans to continue focusing on its investment strategies while navigating the challenges posed by fluctuating interest rates and economic conditions. ARMOUR remains committed to its REIT status, which requires it to distribute substantially all of its taxable income to avoid federal income tax. The company’s ability to meet its obligations and maintain its dividend payments will be closely monitored as it adapts to changing market dynamics.
About Armour Residential REIT, Inc.
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