Orchid Island Capital reported a net loss of $178.9 million, or $0.90 per share, for the third quarter ended September 30, 2026, driven by $231.7 million in realized and unrealized losses on Agency RMBS and derivatives. Net interest income was $59.1 million, while total expenses were $6.3 million. Book value per share declined to $6.02 from the prior quarter's level. The company maintained a liquidity position of $515.7 million and repurchased approximately 4.95 million shares during the quarter. Orchid Island Capital is a real estate investment trust that invests on a leveraged basis in Agency residential mortgage-backed securities.
