10-K · February 18, 2026
Chimera repositioned itself in 2025 into a vertically integrated residential mortgage platform, completing the October 1, 2025 acquisition of HomeXpress for total consideration of $272 million and beginning loan…
Earnings analysis · 10-Q
CIM earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Chimera Investment Corporation reported a challenging Q1 2026, with a net loss of $65 million, yielding a diluted EPS of $(0.78), significantly below the estimated EPS of $0.52. Revenue reached $75 million, a…
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Chimera Investment Corporation reported a challenging Q1 2026, with a net loss of $65 million, yielding a diluted EPS of $(0.78), significantly below the estimated EPS of $0.52. Revenue reached $75 million, a significant decline from previous quarters, while earnings available for distribution were reported at $46 million, or $0.54 per share, reflecting operational challenges despite declaring a $0.45 dividend per share.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.78
- Segment
- Investment Portfolio
- Segment
- Residential Origination
What stood out
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Earnings Available for Distribution at $46M
The Earnings Available for Distribution stood at $46 million or $0.54 per share, reflecting an increase from $45 million or $0.53 in the previous quarter.
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Dividend Declared
Chimera declared a dividend of $0.45 per share despite facing a net loss, demonstrating commitment to shareholder returns.
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Interest Income Increased
Interest income rose to $219 million, a 15% increase year-over-year, driven by portfolio adjustments.
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Cash Position Improved
Increased cash and cash equivalents to approximately $476 million from $279 million at the end of December 2025.
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Successful Loan Originations
HomeXpress originated $883 million in loans, enhancing revenue for the Residential Origination segment.
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Net Interest Income Positive
Net interest income saw an increase to $75 million from $66 million in the previous quarter.
What to watch
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Significant Net Loss
The company reported a net loss of $65 million for Q1 2026, down from a profit of $6.5 million in Q4 2025, showcasing operational distress.
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Declining Stockholders' Equity
Book value per share declined to $18.34 from $19.70, reflecting decreased asset values and challenging credit conditions.
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Increased Debt Levels
Total interest-bearing liabilities stood at $12.7 billion, a rise from $13.1 billion, reflecting potential financial strain.
Management's outlook
Management anticipates continued challenges in the residential mortgage market affecting future operations.
Earlier filings 4
10-Q · November 6, 2025
Chimera reported a quarterly net loss of $580 thousand (diluted EPS $(0.27)) for Q3 2025, a sharp reversal from Q3 2024 net income of $136,459 thousand (diluted EPS $1.39). Net interest income was $65,011 thousand in…
10-K · February 19, 2025
Chimera (CIM) remains a mortgage-assets focused REIT that is diversifying into third‑party investment management after completing the Palisades acquisition on December 2, 2024 for $30.0 million (plus an earnout up to…
10-Q · November 6, 2024
Chimera reported a strong quarter driven by large mark-to-market gains: net income was $136,459 (thousands) for the quarter ended September 30, 2024 versus $2,170 in the prior-year quarter, producing diluted EPS of…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.