Cherry Hill Mortgage Investment Corporation (CHMI) Income Statement
CHMI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCHMI revenue and net income
Where CHMI's revenue goes
2025Each bar shows an amount and its share of revenue. CHMI kept 6.5% of revenue as net income.
CHMI profit margins
CHMI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +204.8% | +37.9% | — | +18.8% |
| Gross profit | +178.0% | +33.7% | — | +18.2% |
| Operating income | — | +9.5% | — | — |
| Net income | −43.0% | −32.0% | — | −6.4% |
| EPS (diluted) | +20.5% | −25.1% | −23.5% | −13.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CHMI quarterly EPS vs estimates
Cherry Hill Mortgage Investment beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.15).
CHMI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $105.4M | $34.6M | $0 | $40.2M | $28.1M | $0 | $0 | $49.0M | $56.8M | $31.9M |
| Cost of revenue | $9.3M | $12.4M | $11.2M | $11.8M | $13.6M | $57.3M | $47.9M | $45.1M | $5.8M | $2.6M |
| Gross profit | $96.1M | $34.6M | −$21.2M | $40.2M | $28.1M | −$114.6M | −$95.8M | $3.9M | $51.0M | $29.4M |
| Research & development | — | — | $0 | $2 | $0 | $1 | $0 | $0 | $1 | $1 |
| Sales, general & admin | $14.2M | $18.3M | $13.7M | $12.9M | $14.8M | $14.7M | $12.4M | $9.9M | $8.2M | $6.2M |
| Total operating expenses | $37.2M | $34.6M | −$21.2M | $40.2M | −$15.1M | −$13.7M | −$11.7M | $3.9M | $3.8M | $3.3M |
| Operating income | $58.9M | −$240,000 | −$34.9M | $44.8M | $13.1M | −$71.0M | −$59.6M | −$3.9M | −$3.8M | −$3.3M |
| Interest income | $61.1M | $55.8M | $47.1M | $29.6M | $15.0M | $49.0M | $73.3M | $57.7M | $42.0M | $30.7M |
| Interest expense | $49.8M | $55.8M | $51.6M | $17.6M | $5.8M | $16.3M | $48.6M | $34.5M | $19.9M | $7.8M |
| Income before taxes | $9.1M | $16.3M | −$34.9M | $27.3M | $13.3M | −$72.0M | −$60.3M | $39.2M | $48.6M | $25.7M |
| Income taxes | $2.2M | $4.1M | $523,000 | $5.1M | $781,000 | −$18.8M | −$16.8M | $1.4M | $601,000 | $458,000 |
| Net income | $6.8M | $12.0M | −$34.8M | $21.7M | $12.3M | −$53.2M | −$43.5M | $37.3M | $47.4M | $24.8M |
| EBITDA | $59.2M | $72.1M | $16.9M | $44.8M | $13.1M | −$55.1M | −$59.6M | $57.0M | $77.2M | $37.6M |
| EPS (diluted) | $0.47 | $0.39 | $0.70 | $1.12 | $1.06 | $1.79 | $2.00 | $2.21 | $2.24 | $2.11 |
| Gross margin | 91.2% | 100.0% | — | 100.0% | 100.0% | — | — | 8.0% | 89.8% | 92.0% |
| Operating margin | 55.9% | −0.7% | — | 111.5% | 46.4% | — | — | −8.0% | −6.7% | −10.3% |
| Net margin | 6.5% | 34.6% | — | 54.1% | 43.7% | — | — | 76.0% | 83.4% | 77.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.2M | $26.0M | $24.5M | $20.9M | $8.0M | $0 | $18.7M | $0 | $6.6M | $16.3M | $17.9M | $20.5M |
| Cost of revenue | $2.3M | $2.3M | $2.5M | $12.3M | $2.0M | $2.5M | $3.1M | $3.2M | $3.5M | $2.6M | $3.1M | $2.9M |
| Gross profit | $7.9M | $23.7M | $22.0M | $8.6M | $6.0M | −$3.0M | $18.7M | −$7.1M | $6.6M | $16.3M | $14.8M | $20.5M |
| Sales, general & admin | $2.1M | $3.3M | $3.3M | $3.8M | $3.4M | $3.8M | $9.6M | $3.4M | $3.4M | $1.8M | $8.6M | $1.6M |
| Total operating expenses | $4.0M | $10.9M | $942,000 | $3.8M | $3.4M | −$3.0M | $18.7M | −$7.1M | $6.6M | $16.3M | $36.0M | $20.5M |
| Operating income | $3.9M | $12.8M | $21.1M | $4.8M | $2.7M | $133,000 | −$232,000 | $246,000 | $15.0M | $26.4M | −$21.2M | $30.5M |
| Interest income | $14.7M | $15.8M | $15.8M | $15.6M | $14.8M | $14.8M | $15.1M | $14.3M | $13.7M | $12.7M | $12.8M | $12.9M |
| Interest expense | $10.0M | $11.4M | $12.6M | $12.3M | $12.2M | $12.6M | $14.4M | $14.2M | $13.5M | $13.6M | $13.2M | $13.3M |
| Income before taxes | $3.9M | $1.4M | $8.5M | $4.8M | $2.7M | −$6.8M | $14.3M | −$12.2M | $1.4M | $12.8M | −$34.4M | $17.2M |
| Income taxes | $67,000 | $939,000 | $619,000 | $284,000 | $1.1M | $173,000 | $2.5M | $285,000 | $664,000 | $703,000 | −$721,000 | $1.3M |
| Net income | $3.7M | $423,000 | $7.7M | $4.4M | $1.5M | −$6.9M | $11.6M | −$12.2M | $765,000 | $11.8M | −$33.0M | $15.6M |
| EBITDA | $14.0M | $12.8M | $21.2M | $17.1M | $2.7M | $5.8M | $28.7M | $2.1M | $15.0M | $26.4M | −$10.7M | $30.5M |
| EPS (diluted) | $0.15 | $0.14 | $0.11 | $0.09 | $0.10 | $0.17 | $0.10 | $0.08 | $0.08 | $0.13 | $0.17 | $0.16 |
| Gross margin | 77.3% | 91.2% | 89.9% | 41.0% | 75.6% | — | 100.0% | — | 100.0% | 100.0% | 82.4% | 100.0% |
| Operating margin | 37.9% | 49.1% | 86.0% | 22.9% | 33.6% | — | −1.2% | — | 227.4% | 161.5% | −118.1% | 148.5% |
| Net margin | 36.7% | 1.6% | 31.5% | 21.2% | 19.1% | — | 61.9% | — | 11.6% | 72.3% | −184.1% | 75.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CHMI's financial statements (latest annual report filed March 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CHMI financial results
In fiscal year 2025 (ended December 31, 2025), Cherry Hill Mortgage Investment reported revenue of $105.4 million, up 204.8% from the year before. It had net income of $6.8 million (down 43.0%), a net profit margin of 6.5%. Diluted earnings per share came to $0.47.
See the CHMI stock overview for the latest quote and news, or the CHMI chart for price history and technical indicators.
CHMI income statement FAQ
What is Cherry Hill Mortgage Investment's annual revenue?
Cherry Hill Mortgage Investment reported total revenue of $105.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 204.8% from $34.6 million the previous year.
Is Cherry Hill Mortgage Investment profitable?
Yes. Cherry Hill Mortgage Investment reported net income of $6.8 million in fiscal 2025, a net profit margin of 6.5%; its operating margin was 55.9%.
What is Cherry Hill Mortgage Investment's gross margin?
Cherry Hill Mortgage Investment's gross margin was 91.2% in fiscal 2025: for every $100 of revenue, Cherry Hill Mortgage Investment kept $91 after the direct cost of its products and services.
What are Cherry Hill Mortgage Investment's earnings per share?
Cherry Hill Mortgage Investment earned $0.47 per diluted share in fiscal 2025, compared with $0.39 a year earlier.
When will Cherry Hill Mortgage Investment report its next earnings?
Cherry Hill Mortgage Investment is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Cherry Hill Mortgage Investment's fiscal year end?
Cherry Hill Mortgage Investment's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 5, 2026.