Filing Flows › Cherry Hill Mortgage Investment (CHMI) › Q4 2025
Cherry Hill Mortgage Investment (CHMI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 5, 2026
Cherry Hill Mortgage Investment (CHMI) reported revenue of $11.8M for the fourth quarter 2025 (Q4 2025), -37% from a year earlier and +37% from the quarter before. Operating margin was 72.1%, net earnings $5.3M (45.0% of revenue).
Cherry Hill Mortgage Investment, Q4 2025: revenue $11.8M (-37% year over year), operating margin 72.1%, net earnings $5.3M, operating cash flow $8.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.8M | +37% | -37% |
| Operating profit | $8.5M | +77% | -41% |
| Net earnings | $5.3M | +171% | -41% |
| Operating cash flow | $8.4M | — | +41% |
What changed
Revenue was $11.8M in Q4 2025, down 37% year over year and up 37% from the previous quarter.
Operating profit was $8.5M, a 72.1% margin (down 4.1 points year over year). Total costs fell 26% while revenue fell 37%. Net earnings were $5.3M, down 41% year over year. The effective tax rate was 7.3%.
Operating cash flow was $8.4M (up 41% year over year), 106% of net income including minority interests. Non-cash charges added back $71K of share-based compensation. Working capital and other items added $425K.
Questions
What was Cherry Hill Mortgage Investment's revenue in the fourth quarter 2025?
Cherry Hill Mortgage Investment (CHMI) reported revenue of $11.8M for the fourth quarter 2025 (Q4 2025), -37% from a year earlier and +37% from the quarter before.
Was Cherry Hill Mortgage Investment profitable in the fourth quarter 2025?
Operating profit was $8.5M (72.1% of revenue) and net earnings $5.3M.