Extremely red galaxies at $z=5-9$ with MIRI and NIRSpec: dusty galaxies or obscured AGNs?

We study a new population of extremely red objects (EROs) recently discovered by JWST based on their NIRCam colors F277W$-$F444W $>1.5$ mag. We find 37 EROs in the CEERS field with F444W $<28$ mag and photometric redshifts between $5<z<7$, with median $z=6.9^{+1.0}_{-1.6}$. Surprisingly, despite their red long-wavelength colors, these EROs have blue short-wavelength colors (F150W$-$F200W$\sim$0 mag) indicative of bimodal SEDs with a red, steep slope in the rest-frame optical, and a blue, flat slope in the rest-frame UV. Moreover, all these EROs are unresolved, point-like sources in all NIRCam bands. We analyze the spectral energy distributions of 8 of them with MIRI and NIRSpec observations using stellar population models and AGN templates. We find that a dusty galaxy or an obscured AGN provide similarly good SED fits but different stellar properties: massive and dusty, log M/M_sun$\sim$10 and A$_{\rm V}\gtrsim3$ mag, or low mass and obscuration, log M/M_sun$\sim$7.5 and A$_{\rm V}\sim0$ mag, hosting an obscured QSO. SED modeling does not favor either scenario, but their unresolved sizes are more suggestive of an AGN. If any EROs are confirmed to have log M/M_sun$\gtrsim10.5$, it would increase pre-JWST number densities at $z>7$ by up to a factor $\sim$60. Similarly, if they are OSOs with luminosities in the L$_{\rm bol}>10^{46-47}$ erg s$^{-1}$ range, their number would exceed that of bright blue QSOs by more than two orders of magnitude. Additional photometry at mid-IR wavelengths will reveal the true nature of the red continuum emission in these EROs and will place this puzzling population in the right context of galaxy evolution.