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Side-by-side financial comparison of Angel Oak Mortgage REIT, Inc. (AOMR) and SWK Holdings Corp (SWKH). Click either name above to swap in a different company.
Angel Oak Mortgage REIT, Inc. is the larger business by last-quarter revenue ($10.9M vs $8.7M, roughly 1.3× SWK Holdings Corp). On growth, Angel Oak Mortgage REIT, Inc. posted the faster year-over-year revenue change (10.4% vs -29.7%). Over the past eight quarters, Angel Oak Mortgage REIT, Inc.'s revenue compounded faster (12.7% CAGR vs -12.5%).
Angel Oak Mortgage REIT, Inc. is a U.S.-based real estate investment trust focused on investing in residential mortgage assets, including non-agency mortgage-backed securities, residential mortgage loans, and credit-linked real estate instruments. It serves U.S. institutional and retail investors, targeting competitive risk-adjusted returns through regular income and long-term capital growth.
SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.
AOMR vs SWKH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.9M | $8.7M |
| Net Profit | $11.3M | $-19.4M |
| Gross Margin | — | — |
| Operating Margin | — | 9.9% |
| Net Margin | 103.9% | — |
| Revenue YoY | 10.4% | -29.7% |
| Net Profit YoY | 175.2% | -430.2% |
| EPS (diluted) | $0.44 | $-1.59 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $10.9M | $8.7M | ||
| Q3 25 | $10.2M | $10.9M | ||
| Q2 25 | $9.9M | $10.1M | ||
| Q1 25 | $10.1M | $11.8M | ||
| Q4 24 | $9.9M | $12.4M | ||
| Q3 24 | $9.0M | $10.4M | ||
| Q2 24 | $9.5M | $10.8M | ||
| Q1 24 | $8.6M | $11.4M |
| Q4 25 | $11.3M | $-19.4M | ||
| Q3 25 | $11.4M | $8.8M | ||
| Q2 25 | $767.0K | $3.5M | ||
| Q1 25 | $20.5M | $4.5M | ||
| Q4 24 | $-15.1M | $5.9M | ||
| Q3 24 | $31.2M | $3.5M | ||
| Q2 24 | $-273.0K | $3.7M | ||
| Q1 24 | $12.9M | $468.0K |
| Q4 25 | — | 9.9% | ||
| Q3 25 | — | 61.3% | ||
| Q2 25 | 7.7% | 46.1% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | -152.6% | 44.7% | ||
| Q3 24 | — | 39.2% | ||
| Q2 24 | -1.4% | 8.3% | ||
| Q1 24 | — | 9.5% |
| Q4 25 | 103.9% | — | ||
| Q3 25 | 112.1% | 80.7% | ||
| Q2 25 | 7.7% | 35.2% | ||
| Q1 25 | 203.5% | 38.4% | ||
| Q4 24 | -152.6% | 47.5% | ||
| Q3 24 | 345.9% | 33.3% | ||
| Q2 24 | -2.9% | 33.9% | ||
| Q1 24 | 150.1% | 4.1% |
| Q4 25 | $0.44 | $-1.59 | ||
| Q3 25 | $0.46 | $0.72 | ||
| Q2 25 | $0.03 | $0.29 | ||
| Q1 25 | $0.87 | $0.37 | ||
| Q4 24 | $-0.62 | $0.47 | ||
| Q3 24 | $1.29 | $0.28 | ||
| Q2 24 | $-0.01 | $0.30 | ||
| Q1 24 | $0.51 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.6M | $42.8M |
| Total DebtLower is stronger | $2.3B | $33.0M |
| Stockholders' EquityBook value | $267.5M | $235.1M |
| Total Assets | $2.7B | $272.4M |
| Debt / EquityLower = less leverage | 8.51× | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.6M | $42.8M | ||
| Q3 25 | $51.6M | $10.2M | ||
| Q2 25 | $40.5M | $8.0M | ||
| Q1 25 | $38.7M | $29.8M | ||
| Q4 24 | $40.8M | $5.9M | ||
| Q3 24 | $42.1M | $17.2M | ||
| Q2 24 | $44.0M | $5.5M | ||
| Q1 24 | $39.4M | $5.5M |
| Q4 25 | $2.3B | $33.0M | ||
| Q3 25 | $2.2B | $33.0M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $33.0M | ||
| Q4 24 | $1.8B | $33.0M | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $33.0M | ||
| Q1 24 | — | $33.0M |
| Q4 25 | $267.5M | $235.1M | ||
| Q3 25 | $264.2M | $254.2M | ||
| Q2 25 | $246.4M | $246.5M | ||
| Q1 25 | $251.5M | $292.7M | ||
| Q4 24 | $239.0M | $288.7M | ||
| Q3 24 | $265.1M | $283.4M | ||
| Q2 24 | $255.8M | $282.8M | ||
| Q1 24 | $263.3M | $279.9M |
| Q4 25 | $2.7B | $272.4M | ||
| Q3 25 | $2.6B | $289.4M | ||
| Q2 25 | $2.6B | $285.7M | ||
| Q1 25 | $2.7B | $331.3M | ||
| Q4 24 | $2.3B | $332.2M | ||
| Q3 24 | $2.3B | $321.3M | ||
| Q2 24 | $2.1B | $321.0M | ||
| Q1 24 | $2.3B | $322.0M |
| Q4 25 | 8.51× | 0.14× | ||
| Q3 25 | 8.37× | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | 7.62× | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-407.0M | $27.3M |
| Free Cash FlowOCF − Capex | — | $26.8M |
| FCF MarginFCF / Revenue | — | 308.1% |
| Capex IntensityCapex / Revenue | — | 5.9% |
| Cash ConversionOCF / Net Profit | -35.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-407.0M | $27.3M | ||
| Q3 25 | $-173.4M | $906.0K | ||
| Q2 25 | $20.6M | $7.8M | ||
| Q1 25 | $-201.7M | $8.3M | ||
| Q4 24 | $-221.5M | $23.0M | ||
| Q3 24 | $-212.4M | $6.3M | ||
| Q2 24 | $-24.2M | $5.4M | ||
| Q1 24 | $40.2M | $4.4M |
| Q4 25 | — | $26.8M | ||
| Q3 25 | — | $557.0K | ||
| Q2 25 | — | $7.7M | ||
| Q1 25 | — | $8.2M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | — | $6.3M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | — | — |
| Q4 25 | — | 308.1% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 69.1% | ||
| Q4 24 | — | 185.3% | ||
| Q3 24 | — | 60.4% | ||
| Q2 24 | — | 49.7% | ||
| Q1 24 | — | — |
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | -35.96× | — | ||
| Q3 25 | -15.19× | 0.10× | ||
| Q2 25 | 26.92× | 2.21× | ||
| Q1 25 | -9.83× | 1.82× | ||
| Q4 24 | — | 3.93× | ||
| Q3 24 | -6.81× | 1.82× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | 3.12× | 9.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AOMR
| Nonrelated Party | $6.4M | 59% |
| Other | $4.5M | 41% |
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
