Chimera Investment | 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, missing the estimate of USD 0.4492.

EBIT: As of FY2025 Q3, the actual value is USD -65.34 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 net loss was $0.6 million, 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 $167.7 million provided in 2024.
• Free Cash Flow: Not explicitly detailed, but operating cash flow and investment activities suggest a negative free cash flow due to significant cash used in investing activities.

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 continues to focus on providing attractive risk-adjusted returns and distributable income through investment performance linked to mortgage credit fundamentals. It operates as a fully integrated mortgage business that originates, manages, and invests in a diversified range of mortgage assets.
• Non-Core Business: The company acquired HomeXpress Mortgage Corp. on October 1, 2025, expanding its presence in the origination of consumer Non-QM, investor business purpose, and other non-Agency mortgage loan products.