Orchid Island Capital Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File Number: 001-35236 Orchid Island Capital, Inc. (Exact name of registrant as specified in its charter) 27-3269228(I.R.S. EmployerIdentification No.) Maryland(State or other jurisdiction of incorporation or organization) 3305 Flamingo Drive, Vero Beach, Florida 32963(Address of principal executive offices) (Zip Code) (772) 231-1400(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject 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 submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required 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 smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer", "smallerreporting company", and "emerging growth company" in Rule 12b-2 of the Exchange Act. Check one: ☒Acceleratedfiler☐SmallerreportingcompanyEmerging growth company LargeacceleratedfilerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Number of shares outstanding at July 23, 2026: 199,603,438 ORCHID ISLAND CAPITAL, INC. TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Condensed Balance Sheets (unaudited)Condensed Statements of Comprehensive Income (Loss) (unaudited)Condensed Statements of Stockholders’Equity (unaudited)Condensed Statements of Cash Flows (unaudited)Notes to Condensed Financial Statements (unaudited)ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsITEM 3. Quantitative and Qualitative Disclosures about Market RiskITEM 4. Controls and Procedures PART II. OTHER INFORMATION ITEM 1. Legal ProceedingsITEM 1A. Risk FactorsITEM 2. Unregistered Sales of Equity Securities and Use of ProceedsITEM 3. Defaults upon Senior SecuritiesITEM 4. Mine Safety DisclosuresITEM 5. Other InformationITEM 6. ExhibitsSIGNATURES PART I. FINANCIAL INFORMATION ORCHID ISLAND CAPITAL, INC.CONDENSED BALANCE SHEETS($ in thousands, except per share data) ORCHID ISLAND CAPITAL, INC.CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Unaudited)For the Six and Three Months Ended June 30, 2026and 2025($ in thousands, except per share data) ORCHID ISLAND CAPITAL, INC.CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY(Unaudited)For the Six Months Ended June 30, 2026 and 2025(in thousands) ORCHID ISLAND CAPITAL, INC.CONDENSED STATEMENTS OF CASH FLOWS(Unaudited)For the Six Months Ended June 30, 2026 and 2025($ in thousands) ORCHID ISLAND CAPITAL,INC.NOTES TO CONDENSED FINANCIAL STATEMENTS(Unaudited)June 30, 2026 NOTE 1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES Organization and Business Description Orchid Island Capital, Inc. (“Orchid” or the “Company”) was incorporated in Maryland on August 17, 2010 for the purpose ofcreating and managing a leveraged investment portfolio consisting of residential mortgage-backed securities (“RMBS”).Fromincorporation to the completion of Orchid’s initial public offering of its common stock on February 20, 2013, Orchid was a whollyowned subsidiary of Bimini Capital Management, Inc. (“Bimini”).Orchid began operations on November 24, 2010 (the date ofcommencement of operations).From incorporation through November 24, 2010, Orchid’s only activity was the issuance ofcommon stock to Bimini. On June 11, 2024, Orchid entered into an equity distribution agreement (the “June 2024Equity Distribution Agreement”) withthree sales agents pursuant to which the Company could offer and sell, from time to time, up to an aggregate amount of$250,000,000 of gross proceeds from the sales of shares of the Company’s common stock in transactions that were deemed to be“at the market” offerings and privately negotiated transactions. The Company issued a total of 30,513,253 sh