NYSE : EARN
Ellington Credit Company — Financial statements
Financials · Asset Management · United States
Last price 3.48 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 132.84M
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Financial statements
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 50.30M | 51.06M | 61.85M | 49.86M | 42.55M | 35.01M |
| Total Interest Expense | 9.26M | 8.07M | 114.27M | 8.62M | 42.61M | -49.58M |
| Net Interest Income | 41.04M | 42.98M | -52.42M | 41.24M | -65.00K | 84.58M |
| Other Revenue | 555.00K | 749.00K | ||||
| Revenue Before Loan Losses | 41.59M | 43.73M | -52.42M | 41.24M | -65.00K | 84.58M |
| Revenue | 41.59M | 43.73M | -52.42M | 41.24M | -65.00K | 84.58M |
| Salaries & Employee Benefits | 1.15M | 1.58M | 1.71M | 1.55M | 735.00K | 710.00K |
| Cost of Services Provided | 9.50M | 12.19M | 6.22M | 5.02M | 3.32M | 2.98M |
| Other Operating Expenses | 4.32M | 1.90M | 2.40M | 2.21M | 1.48M | 1.44M |
| Total Operating Expenses | 14.97M | 15.67M | 10.33M | 8.78M | 5.54M | 5.13M |
| Operating Income | 26.63M | 28.06M | -62.75M | 32.46M | -5.60M | 79.45M |
| Currency Exchange Gain (Loss) | 664.50K | 1.64M | ||||
| EBT Excluding Unusual Items | 18.44M | 23.93M | -908.00K | 25.53M | 1.39M | 122.59M |
| Gain (Loss) on Sale of Investments | -52.22M | -62.78M | -30.60M | -18.43M | 3.17M | -152.78M |
| Pretax Income | -33.77M | -38.85M | -31.50M | 7.10M | 4.56M | -30.20M |
| Income Tax Expense | -24.00K | 510.00K | ||||
| Net Income | -33.77M | -38.85M | -31.48M | 6.59M | 4.56M | -30.20M |
| Net Income to Common | -33.77M | -38.85M | -31.48M | 6.59M | 4.56M | -30.20M |
| Shares Outstanding (Basic) | 38.17M | 37.58M | 34.81M | 23.58M | 14.88M | 13.16M |
| Shares Outstanding (Diluted) | 38.17M | 37.58M | 34.81M | 23.58M | 14.88M | 13.16M |
| EPS (Basic) | -0.88 | -1.03 | -0.90 | 0.28 | 0.31 | -2.29 |
| EPS (Diluted) | -0.88 | -1.03 | -0.90 | 0.28 | 0.31 | -2.29 |
| Dividend Per Share | 0.96 | 0.96 | 0.96 | 0.96 | 0.96 | 1.04 |
| Operating Margin | 64.02% | 64.17% | 78.70% | 93.94% | ||
| Profit Margin | -81.20% | -88.84% | 15.97% | -35.70% | ||
| Effective Tax Rate | 7.19% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 23.47M | 57.73M | 17.38M | 31.84M | 38.53M | 34.82M |
| Long-Term Investments | 334.48M | 145.70M | 236.85M | 125.12M | 32.80M | 61.82M |
| Trading Asset Securities | 2.40M | 476.00K | 41.87M | 74.28M | 68.77M | |
| Other Receivables | 18.07M | 11.06M | 43.13M | 58.90M | 55.60M | |
| Other Long-Term Assets | 24.59M | 163.03M | 517.79M | 559.13M | 741.18M | 832.12M |
| Total Assets | 382.54M | 386.93M | 783.56M | 824.09M | 945.69M | 1.05B |
| Accounts Payable | 2.16M | 27.44M | 2.00M | 12.14M | 42.20M | |
| Accrued Expenses | 4.43M | 5.20M | 4.09M | 4.48M | 6.22M | |
| Short-Term Debt | 205.76M | 223.50M | 518.50M | 568.65M | 736.87M | 845.57M |
| Other Current Liabilities | 3.01M | 3.92M | 55.62M | 55.96M | 47.23M | |
| Total Liabilities | 222.83M | 233.10M | 555.06M | 630.37M | 809.45M | 941.22M |
| Common Stock | 159.71M | 153.82M | 376.00K | 297.00K | 186.00K | 134.00K |
| Additional Paid-In Capital | 399.87M | 348.59M | 274.70M | 240.94M | ||
| Retained Earnings | -171.74M | -155.16M | -138.65M | -128.66M | ||
| Total Common Equity | 159.71M | 153.82M | 228.50M | 193.72M | 136.24M | 112.41M |
| Shareholders' Equity | 159.71M | 153.82M | 228.50M | 193.73M | 136.24M | 112.41M |
| Total Liabilities & Equity | 382.54M | 386.93M | 783.56M | 824.09M | 945.69M | 1.05B |
| Total Debt | 205.76M | 223.50M | 518.50M | 568.65M | 736.87M | 845.57M |
| Net Cash (Debt) | -182.30M | -163.38M | -500.64M | -471.95M | -624.06M | -741.49M |
| Net Cash Per Share | -4.78 | -4.35 | -14.38 | -20.02 | -41.95 | -56.33 |
| Filing Date Shares Outstanding | 38.17M | 37.58M | 37.56M | 37.56M | 19.82M | 13.78M |
| Total Common Shares Outstanding | 38.17M | 37.58M | 37.56M | 29.65M | 18.60M | 13.38M |
| Working Capital | -182.30M | -154.91M | -526.15M | -490.53M | -637.74M | -781.54M |
| Book Value Per Share | 4.18 | 4.09 | 6.08 | 6.53 | 7.32 | 8.40 |
| Tangible Book Value | 159.71M | 153.82M | 228.50M | 193.72M | 136.24M | 112.41M |
| Tangible Book Value Per Share | 4.18 | 4.09 | 6.08 | 6.53 | 7.32 | 8.40 |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -38.85M | -31.48M | 6.59M | 4.56M | -30.20M | |
| Loss (Gain) From Sale of Investments | -77.57M | 65.71M | 2.39M | -11.89M | 47.55M | |
| Stock-Based Compensation | 98.00K | 812.00K | 442.00K | 255.00K | 312.00K | |
| Change in Accounts Payable | -1.30M | 204.00K | -935.00K | -1.89M | 3.81M | |
| Change in Other Net Operating Assets | 497.57M | 3.44M | 360.00K | 133.00K | -232.00K | |
| Other Operating Activities | 51.00K | -3.78M | 754.00K | |||
| Operating Cash Flow | 380.05M | 36.84M | 9.11M | -10.02M | 22.42M | |
| Investment in Securities | -240.10M | 113.17M | 73.98M | -100.00M | ||
| Other Investing Activities | 131.53M | 3.28M | 11.74M | 210.55M | ||
| Investing Cash Flow | -108.57M | 116.45M | 85.72M | 110.55M | ||
| Short-Term Debt Issued | 1.14B | 9.26B | 7.17B | 6.03B | ||
| Total Debt Issued | 1.14B | 9.06B | 9.26B | 7.17B | 6.03B | |
| Short-Term Debt Repaid | -1.44B | -9.42B | -7.29B | -6.25B | ||
| Total Debt Repaid | -1.44B | -9.24B | -9.42B | -7.29B | -6.25B | |
| Net Debt Issued (Repaid) | -299.77M | -184.24M | -166.20M | -112.91M | -222.38M | |
| Issuance of Preferred Stock | 1.00K | |||||
| Preferred Share Repurchases | -4.00K | |||||
| Issuance of Common Stock | 209.11M | 74.06M | 33.80M | 2.11M | ||
| Repurchase of Common Stock | -3.91M | -262.00K | ||||
| Common Dividends Paid | -35.92M | -14.12M | -13.94M | |||
| Total Dividends Paid | -35.92M | -32.33M | -22.21M | -14.12M | -13.94M | |
| Other Financing Activities | -4.01M | 25.24M | -17.91M | 21.25M | 67.29M | |
| Financing Cash Flow | -339.70M | 13.87M | -132.25M | -71.98M | -167.18M | |
| Net Cash Flow | 40.35M | -57.86M | -6.69M | 3.72M | -34.21M | |
| Cash Interest Paid | 9.62M | 24.66M | 35.73M | 47.14M | 11.01M | |
| Cash Income Tax Paid | 829.00K |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 132.84M | 166.43M | 203.20M | 193.15M | 100.09M | 90.86M |
| PE Ratio | 29.33 | 21.95 | ||||
| PS Ratio | 3.19 | 3.81 | -3.88 | 4.68 | -1,539.92 | 1.07 |
| PB Ratio | 0.83 | 1.08 | 0.89 | 1.00 | 0.73 | 0.81 |
| P/OCF Ratio | 0.35 | 0.44 | 5.51 | 21.20 | 4.05 | |
| Debt / Equity Ratio | 1.29 | 1.45 | 2.27 | 2.94 | 5.41 | 7.52 |
| Net Debt / Equity Ratio | 1.14 | 1.06 | 2.19 | 2.44 | 4.58 | 6.60 |
| Quick Ratio | 0.11 | 0.34 | 0.05 | 0.22 | 0.21 | 0.17 |
| Current Ratio | 0.11 | 0.34 | 0.05 | 0.22 | 0.21 | 0.17 |
| Asset Turnover | 0.07 | 0.05 | 0.06 | |||
| Return on Equity (ROE) | -20.32% | 3.99% | 3.67% | -22.65% | ||
| Return on Assets (ROA) | -6.64% | 0.74% | 0.46% | -2.28% | ||
| Return on Invested Capital (ROIC) | 7.17% | 4.99% | -8.31% | 3.68% | -0.61% | 7.30% |
| Earnings Yield | -25.43% | -23.34% | -15.49% | 3.41% | 4.55% | -33.23% |
| Dividend Yield | 27.59% | 21.68% | 17.75% | 14.74% | 17.84% | 15.31% |
| Payout Ratio | 337.31% | 309.76% | ||||
| Buyback Yield / Dilution | -85.71% | -7.95% | -47.65% | -58.49% | -13.01% | -3.78% |
| Total Shareholder Return | -58.12% | 13.73% | -29.91% | -43.76% | 4.83% | 11.53% |