Chimera Investment Corporation | 10-Q: FY2025 Q3 Revenue: USD 209.1 M

Revenue: As of FY2025 Q3, the actual value is USD 209.1 M.

EPS: As of FY2025 Q3, the actual value is USD -0.27.

EBIT: As of FY2025 Q3, the actual value is USD -38.56 M.

Segment Revenue

• Interest Income: For the quarter ended September 30, 2025, interest income was $209.1 million, compared to $195.3 million for the same period in 2024. For the nine months ended September 30, 2025, interest income was $601.0 million, compared to $568.6 million in 2024.

Operational Metrics

• Net Interest Income: For the quarter ended September 30, 2025, net interest income was $65.0 million, compared to $66.5 million for the same period in 2024. For the nine months ended September 30, 2025, net interest income was $200.2 million, compared to $198.9 million in 2024.
• Net Income: For the quarter ended September 30, 2025, the company reported a net loss of $580 thousand, compared to a net income of $136.5 million for the same period in 2024. For the nine months ended September 30, 2025, net income was $202.2 million, compared to $322.6 million in 2024.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities was - $96.1 million for the nine months ended September 30, 2025, compared to net cash provided by operating activities of $167.7 million for the same period in 2024.

Unique Metrics

• Loans Held for Investment: The fair value of loans held for investment was $10.3 billion as of September 30, 2025, compared to $11.2 billion as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company aims to provide attractive risk-adjusted returns and distributable income through investment performance linked to mortgage credit fundamentals. It continues to invest in a diversified range of mortgage assets, including residential mortgage loans, Non-Agency RMBS, Agency RMBS, and other real estate-related assets.
• Non-Core Business: The company acquired HomeXpress Mortgage Corp. on October 1, 2025, to expand its presence in the origination of consumer Non-QM, investor business purpose, and other non-Agency mortgage loan products.