Angel Oak Financial Strategies Income Term Trust
NYSE: FINS · FINANCIAL SERVICES · ASSET MANAGEMENT
Updated 2026-06-02
Angel Oak Financial Strategies Income Term Trust (FINS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | $15.28M | $-2.06M | $22.31M | $29.42M | $8.53M | $40.39M | $51.86M |
| Revenue growth (YoY) | — | -113.5% | +1184.9% | +31.9% | -71.0% | +373.3% | +28.4% |
| Cost of revenue | — | $-21.39M | $3.19M | $-66.15M | — | — | $4.72M |
| Gross profit | $15.28M | $19.33M | $17.55M | $29.42M | $8.53M | $40.39M | $47.14M |
| Gross margin | 100.0% | -939.9% | 78.6% | 100.0% | 100.0% | 100.0% | 90.9% |
| R&D | — | — | — | — | — | — | — |
| SG&A | $571525.00 | $891494.00 | $837511.00 | $859176.00 | $937576.00 | $1.16M | $1.70M |
| Operating income | $15.45M | $13.83M | $15.43M | $21.58M | $7.58M | $39.39M | $46.91M |
| Operating margin | 101.2% | -672.5% | 69.1% | 73.4% | 88.8% | 97.5% | 90.5% |
| EBITDA | $15.45M | $12.87M | $-1.91M | $56.03M | $-16.32M | $39.39M | $46.91M |
| EBITDA margin | 101.2% | -625.8% | -8.6% | 190.4% | -191.2% | 97.5% | 90.5% |
| EBIT | $15.45M | $26.70M | $13.52M | $77.62M | $7.58M | $63.59M | — |
| Interest expense | $746867.00 | $2.87M | $3.19M | $4.89M | $6.12M | $6.30M | $4.72M |
| Income tax | $23.18M | $-19.26M | $-1.91M | $-64.46M | $7.58M | — | — |
| Effective tax rate | 60.0% | 88.3% | -12.9% | 62.9% | 50.0% | 0.0% | 0.0% |
| Net income | $15.45M | $-2.56M | $16.71M | $-37.99M | $7.58M | $39.39M | $46.91M |
| Net income growth (YoY) | — | -116.5% | +753.3% | -327.3% | +120.0% | +419.6% | +19.1% |
| Profit margin | 101.2% | 124.4% | 74.9% | -129.1% | 88.8% | 97.5% | 90.5% |
Frequently asked questions
What is Angel Oak Financial Strategies Income Term Trust's revenue?
Angel Oak Financial Strategies Income Term Trust's trailing twelve-month revenue is $36.10M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is FINS?
In its most recent fiscal year, FINS ran a gross margin of 90.89%, an operating margin of 90.46%, and a net margin of 90.46%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does FINS generate?
FINS produced $-58.47M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.