---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-023429"
form_type: "8-K"
ticker: "ORC"
cik: "0001518621"
company_name: "Orchid Island Capital, Inc."
filed_at: "2025-07-24T23:59:59+00:00"
generated_at: "2026-05-18T02:13:15.928720+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Orchid Island Capital Q2 net loss $33.6M, book value $7.21, total return -4.66%

## Summary
- Net loss $33.6M ($0.29/sh) vs net loss $5.0M a year ago; net interest income $23.2M ($0.20/sh).
- Book value fell $0.73 to $7.21/sh; total return (4.66)% including $0.36 dividend.
- Realized/unrealized losses of $51.7M on RMBS and derivatives; liquidity $492.5M.
- Adjusted leverage 7.3x; outstanding repo $6.7B at 4.48% weighted rate.
- Management cites tariff volatility hurt Agency RMBS, but returns remain attractive.

## SEC filing metadata
- accession: 0001437749-25-023429
- form_type: 8-K
- ticker: ORC
- cik: 0001518621
- company_name: Orchid Island Capital, Inc.
- filed_at: 2025-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518621/000143774925023429/0001437749-25-023429-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518621/000143774925023429/orc20250426_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-023429
- JSON: https://secwatch.observer/filing/0001437749-25-023429.json
- Plain text: https://secwatch.observer/filing/0001437749-25-023429.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.