Armour住宅房产 2025年度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission File Number 001-34766 ARMOUR RESIDENTIAL REIT, INC. (Exact name of registrant as specified in its charter) Maryland26-1908763(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 3001 Ocean Drive, Suite 201, Vero Beach, FL 32963(Address of principal executive offices)(zip code)(772) 617-4340(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(g) of the Act:None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding twelve months (or for such shorter period that the registrant was required to file such reports) and (2) has beensubject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding twelve months (or for such shorter period that the registrant wasrequired to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and"emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accountingfirm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ On June 30, 2025, the aggregate value of the registrant's common stock held by non-affiliates of the registrant was approximately,$1,477,111,863 based on the closing sales price of our common stock on such date as reported on the NYSE. The number of outstanding shares of the Registrant’s common stock as of February 17, 2026 was 119,384,920. Documents Incorporated By Reference Certain portions of the registrant’s definitive proxy statement pursuant to Regulation 14A of the Securities Exchange Act of 1934 for its 2026annual meeting of stockholders are incorporated by reference into Part III of this Form 10-K. PART I............................................................................................................................................................1Item 1. Business.....................................................................................................................................1Item 1A. Risk Factors..............................................................................................................................7Item 1B. Unresolved Staff Comments....................................................................................................34Item 1C. Cybersecurity...........................................................................................................................35Item 2. Properties..................................................................................................................................37Item 3. Legal Proceedings......................................................................................................................37Item 4. Mine Safety Disclosures.............................................................................................................37PART II...........................................................................................................................................................38Item