NYSE : EFC
Ellington Financial Inc. — Financial statements
Real Estate · REIT - Mortgage · United States
Last price 11.83 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.54B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 583.45M | 494.49M | 416.01M | 370.17M | 282.22M | 175.50M |
| Total Interest Expense | 333.90M | 335.79M | 250.51M | 235.57M | 74.50M | 39.66M |
| Net Interest Income | 249.54M | 158.70M | 165.50M | 134.60M | 207.72M | 135.84M |
| Gain (Loss) on Sale of Investments | 153.73M | 259.81M | 100.46M | 77.30M | -581.26M | -25.79M |
| Other Revenue | 28.07M | -85.32M | 37.27M | 39.88M | 415.22M | 35.27M |
| Revenue Before Loan Losses | 431.35M | 333.19M | 303.23M | 251.79M | 41.69M | 145.32M |
| Revenue | 431.35M | 333.19M | 303.23M | 251.79M | 41.69M | 145.32M |
| Salaries & Employee Benefits | 95.56M | 83.63M | 68.73M | 78.43M | 21.09M | 6.71M |
| Cost of Services Provided | 61.49M | 44.09M | 36.21M | 42.78M | 23.43M | 34.50M |
| Other Operating Expenses | 47.17M | 42.89M | 32.26M | 32.32M | 9.01M | 7.92M |
| Total Operating Expenses | 204.22M | 170.61M | 137.21M | 153.54M | 53.53M | 49.13M |
| Operating Income | 227.13M | 162.58M | 166.02M | 98.25M | -11.84M | 96.19M |
| Earnings From Equity Investments | 59.82M | 56.65M | 32.45M | -855.00K | -63.61M | 58.10M |
| Currency Exchange Gain (Loss) | 8.00K | -19.00K | -25.00K | |||
| EBT Excluding Unusual Items | 286.95M | 219.23M | 198.47M | 97.40M | -75.47M | 154.27M |
| Gain (Loss) on Sale of Investments | -74.62M | -64.67M | -49.75M | -37.22M | -21.04M | -13.25M |
| Other Unusual Items | 28.18M | 7.93M | ||||
| Pretax Income | 229.33M | 154.56M | 148.72M | 88.36M | -88.58M | 142.73M |
| Income Tax Expense | 3.43M | 3.79M | 612.00K | 457.00K | -17.72M | 3.14M |
| Earnings From Continuing Ops. | 225.90M | 150.77M | 148.10M | 87.90M | -70.87M | 139.59M |
| Minority Interest in Earnings | -3.75M | -3.90M | -2.24M | -3.81M | 822.00K | -7.09M |
| Net Income | 222.15M | 146.87M | 145.86M | 84.08M | -70.05M | 132.49M |
| Preferred Dividends & Other Adjustments | 28.11M | 28.13M | 28.03M | 23.18M | 15.29M | 8.12M |
| Net Income to Common | 194.04M | 118.74M | 117.83M | 60.90M | -85.34M | 124.38M |
| Shares Outstanding (Basic) | 114.41M | 99.44M | 86.85M | 68.25M | 59.85M | 48.54M |
| Shares Outstanding (Diluted) | 115.71M | 100.53M | 87.69M | 69.06M | 60.62M | 49.21M |
| EPS (Basic) | 1.70 | 1.19 | 1.36 | 0.89 | -1.43 | 2.56 |
| EPS (Diluted) | 1.70 | 1.19 | 1.36 | 0.89 | -1.43 | 2.56 |
| Dividend Per Share | 1.56 | 1.56 | 1.60 | 1.80 | 1.80 | 1.64 |
| Operating Margin | 52.66% | 48.79% | 54.75% | 39.02% | -28.41% | 66.19% |
| Profit Margin | 44.98% | 35.64% | 38.86% | 24.19% | -204.72% | 85.59% |
| Effective Tax Rate | 1.50% | 2.45% | 0.41% | 0.52% | 2.20% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 247.47M | 201.89M | 192.39M | 228.93M | 217.05M | 92.66M |
| Long-Term Investments | 1.71B | 1.43B | 1.26B | 1.80B | 1.59B | 2.28B |
| Trading Asset Securities | 174.89M | 142.72M | 184.40M | 144.00M | 132.52M | 18.89M |
| Loans & Lease Receivables | 17.89B | 16.65B | 14.01B | 12.36B | 11.69B | 2.42B |
| Other Receivables | 258.61M | 220.58M | 216.25M | 535.89M | 178.59M | 217.33M |
| Property, Plant & Equipment | 4.77M | 4.86M | 6.52M | 4.39M | 5.24M | |
| Other Intangible Assets | 31.81M | 30.70M | 31.94M | 33.58M | 12.38M | |
| Restricted Cash | 42.37M | 136.30M | 16.56M | 1.62M | 4.82M | 175.00K |
| Other Current Assets | 10.61M | 7.66M | 14.00M | 12.64M | 8.00M | 2.06M |
| Other Long-Term Assets | 81.04M | 75.55M | 47.17M | 23.13M | 28.80M | 24.73M |
| Total Assets | 21.03B | 19.35B | 16.32B | 15.32B | 14.09B | 5.18B |
| Accounts Payable | 40.72M | 36.09M | 22.71M | 37.40M | 49.32M | 39.05M |
| Accrued Expenses | 87.58M | 84.27M | 56.71M | 114.11M | 96.85M | 33.03M |
| Short-Term Debt | 80.79M | 53.07M | 71.02M | 61.78M | 54.20M | 12.30M |
| Current Portion of Long-Term Debt | 1.98B | 1.48B | 2.38B | 2.91B | 2.61B | 2.34B |
| Current Portion of Leases | 484.00K | 954.00K | ||||
| Long-Term Debt | 16.51B | 15.49B | 11.82B | 10.43B | 9.79B | 1.30B |
| Long-Term Leases | 3.76M | 3.55M | 5.70M | 3.52M | 4.06M | |
| Other Current Liabilities | 331.40M | 340.23M | 365.61M | 229.57M | 255.95M | 133.13M |
| Other Long-Term Liabilities | 55.00K | |||||
| Total Liabilities | 19.03B | 17.48B | 14.73B | 13.78B | 12.87B | 3.85B |
| Common Stock | 128.00K | 113.00K | 91.00K | 83.00K | 64.00K | 58.00K |
| Additional Paid-In Capital | 2.11B | 1.92B | 1.61B | 1.51B | 1.26B | 1.16B |
| Retained Earnings | -360.93M | -412.96M | -375.11M | -353.36M | -290.88M | -97.28M |
| Total Common Equity | 1.75B | 1.50B | 1.24B | 1.16B | 968.53M | 1.06B |
| Minority Interest | 33.28M | 36.90M | 20.35M | 18.54M | 24.92M | 32.23M |
| Shareholders' Equity | 2.00B | 1.87B | 1.59B | 1.54B | 1.22B | 1.32B |
| Total Liabilities & Equity | 21.03B | 19.35B | 16.32B | 15.32B | 14.09B | 5.18B |
| Total Debt | 18.57B | 17.02B | 14.28B | 13.40B | 12.46B | 3.65B |
| Net Cash (Debt) | -17.57B | -16.22B | -13.57B | -12.85B | -11.89B | -3.41B |
| Net Cash Per Share | -151.85 | -161.38 | -154.72 | -186.11 | -196.10 | -69.37 |
| Filing Date Shares Outstanding | 128.89M | 124.65M | 90.68M | 85.10M | 68.25M | 57.48M |
| Total Common Shares Outstanding | 127.59M | 113.14M | 90.68M | 83.00M | 63.81M | 57.46M |
| Working Capital | 16.68B | 15.82B | 12.07B | 10.11B | 9.39B | 312.69M |
| Book Value Per Share | 13.68 | 13.28 | 13.66 | 13.99 | 15.18 | 18.52 |
| Tangible Book Value | 1.74B | 1.50B | 1.24B | 1.16B | 965.26M | 1.06B |
| Tangible Book Value Per Share | 13.66 | 13.26 | 13.63 | 13.96 | 15.13 | 18.52 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 222.15M | 146.87M | 145.86M | 84.08M | -70.05M | 132.49M |
| Other Amortization | 16.10M | 16.10M | 7.31M | 5.67M | 2.54M | |
| Gain on Sale of Loans & Receivables | -125.41M | -125.41M | -95.45M | -51.76M | -199.19M | |
| Loss (Gain) From Sale of Investments | -103.84M | -103.84M | -109.18M | -87.76M | 431.94M | 36.51M |
| Asset Writedown & Restructuring Costs | 110.76M | 110.76M | 44.30M | 49.23M | -275.86M | -14.16M |
| Provision for Credit Losses | 30.00K | |||||
| Loss (Gain) on Equity Investments | -56.65M | -56.65M | -32.45M | 855.00K | 63.61M | -58.10M |
| Stock-Based Compensation | 4.09M | 4.09M | 2.94M | 1.36M | 1.82M | 2.21M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -946.63M | -946.63M | -419.39M | -210.15M | -51.89M | |
| Change in Accounts Payable | 7.03M | 7.03M | -6.92M | -900.00K | 16.69M | 1.34M |
| Change in Other Net Operating Assets | 20.44M | 20.44M | 31.18M | 16.66M | -23.85M | 6.55M |
| Other Operating Activities | 234.17M | 1.25M | -1.38M | -42.73M | 151.92M | 6.90M |
| Operating Cash Flow | -617.65M | -925.46M | -430.53M | -241.86M | 42.69M | 51.29M |
| Cash Acquisitions | 34.22M | 22.62M | ||||
| Investment in Securities | 227.72M | 298.96M | 1.15B | 370.48M | 571.40M | -417.11M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -7.63B | -4.51B | -2.04B | -368.49M | -2.52B | -1.64B |
| Other Investing Activities | 238.49M | 83.63M | 127.18M | 101.93M | 158.02M | 13.95M |
| Investing Cash Flow | -7.11B | -4.07B | -728.26M | 174.91M | -1.75B | -2.03B |
| Long-Term Debt Issued | 53.09B | 69.30B | 40.78B | 14.66B | 6.78B | |
| Total Debt Issued | 47.97B | 53.09B | 69.30B | 40.78B | 14.66B | 6.78B |
| Long-Term Debt Repaid | -48.09B | -68.06B | -40.77B | -12.83B | -5.05B | |
| Total Debt Repaid | -40.25B | -48.09B | -68.06B | -40.77B | -12.83B | -5.05B |
| Net Debt Issued (Repaid) | 7.71B | 5.00B | 1.23B | 7.98M | 1.83B | 1.73B |
| Issuance of Preferred Stock | 96.85M | 511.00K | 116.22M | |||
| Preferred Share Repurchases | -115.00M | -23.93M | ||||
| Issuance of Common Stock | 399.12M | 302.19M | 100.20M | 122.33M | 99.35M | 245.29M |
| Repurchase of Common Stock | -4.27M | -12.35M | -1.66M | |||
| Total Dividends Paid | -205.13M | -183.62M | -163.54M | -149.27M | -123.06M | -85.70M |
| Other Financing Activities | -5.78M | 6.37M | -4.87M | 10.09M | 35.88M | -52.23M |
| Financing Cash Flow | 7.78B | 5.12B | 1.14B | 75.63M | 1.84B | 1.95B |
| Net Cash Flow | 59.22M | 129.24M | -21.60M | 8.68M | 129.03M | -18.99M |
| Cash Interest Paid | 336.84M | 295.69M | 284.58M | 263.35M | 125.17M | 42.69M |
| Cash Income Tax Paid | 4.96M | 1.64M | 706.00K | -323.00K | -1.61M | 2.85M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.49B | 1.51B | 1.10B | 867.26M | 747.63M | 981.44M |
| PE Ratio | 6.73 | 12.72 | 9.33 | 14.24 | 7.89 | |
| PS Ratio | 3.45 | 4.53 | 3.62 | 3.44 | 17.93 | 6.75 |
| PB Ratio | 0.83 | 0.81 | 0.69 | 0.56 | 0.61 | 0.74 |
| P/OCF Ratio | 17.52 | 19.13 | ||||
| Debt / Equity Ratio | 9.29 | 9.10 | 8.98 | 8.73 | 10.21 | 2.76 |
| Net Debt / Equity Ratio | 8.79 | 8.67 | 8.53 | 8.37 | 9.74 | 2.58 |
| Quick Ratio | 7.60 | 8.87 | 5.16 | 4.01 | 4.06 | 1.12 |
| Current Ratio | 7.62 | 8.95 | 5.17 | 4.01 | 4.06 | 1.12 |
| Asset Turnover | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.03 |
| Return on Equity (ROE) | 12.25% | 8.71% | 9.47% | 6.38% | -5.57% | 12.43% |
| Return on Assets (ROA) | 1.19% | 0.84% | 0.94% | 0.60% | -0.74% | 3.25% |
| Return on Invested Capital (ROIC) | 1.11% | 0.91% | 1.07% | 0.68% | -0.13% | 2.27% |
| Earnings Yield | 14.86% | 9.72% | 13.27% | 9.70% | -9.37% | 13.50% |
| Dividend Yield | 13.67% | 11.68% | 13.20% | 17.23% | 15.36% | 9.60% |
| Payout Ratio | 91.99% | 125.03% | 112.12% | 177.53% | 64.69% | |
| Buyback Yield / Dilution | -25.38% | -14.64% | -26.97% | -13.94% | -23.16% | -11.54% |
| Total Shareholder Return | -11.71% | -2.96% | -13.77% | 3.29% | -7.80% | -1.94% |