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EARN
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EARNEllington Credit Company
$3.28$123M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
EARN logo

Ellington Credit Company

EARN
NYSE · Closed-End Funds
$3.28
At close - Nov 6, 4:00 PM EST - USD
Market Cap$123M
P/E-3.4x
52W High$5.72
Volume363.44K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Shrinking Mortgage Portfolio Faces Volatile Earnings and Thin Spreads

Ellington Credit Company's asset base has contracted roughly 60% from $964.0M in 2024Q1 to $382.5M in 2026Q2, with equity-to-assets rising to 0.42, which suggests deleveraging rather than organic growth.

GrowthMixed
ProfitabilityModerate
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

EARN price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-125% Peers

P/E is 125% below peer median

03

Market leadership

RS 25 · Lag

Laggard (Underperforming 75% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 18

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
EARN-23.02%
S&P 500 (^GSPC)+7.63%
1-Year Return
EARN-17.03%
S&P 500 (^GSPC)+9.69%
3-Year Return
EARN+9.22%
S&P 500 (^GSPC)+71.89%
5-Year Return
EARN-31.09%
S&P 500 (^GSPC)+58.94%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-3.4x
Forward P/E
3.9x
EV/EBITDA
N/A
FCF YieldCash Flow
147.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-3.4x
27.6x
0th· Low
EV/EBITDA
N/A
171.6x
N/A
Price/FCF
0.7x
4.7x
25th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$32M+101.9% YoY
Net income FY25
-$14M-319.4% YoY
Free cash flow FY25
$541M+5834.1% YoY
Operating margin FY25
-26.3%-71.0 pts YoY
ROIC (FY25)-1.1%
Avg ROIC 5Y-0.5%
ROE (TTM)-21.2%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate2/12 (17%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 12, 2026
$0.15-25.0%
vs $0.20
$12M+13.1%
vs $11M
Q2 2026
May 19, 2026
$0.19-13.6%
vs $0.22
$12M-6.5%
vs $13M
Q2 2026
Mar 4, 2026
$0.21-15.9%
vs $0.25
$11M-12.5%
vs $13M
Q4 2025
Nov 19, 2025
$0.23-7.9%
vs $0.25
$11M-12.5%
vs $13M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 18, 2026
Weekly Closed-End Fund Roundup (October 11, 2026)

CEFs were mixed this week: 10 of 26 sectors rose on price (average -0.02%) and 15 of 26 on NAV (average +0.15%); MLPs led while Senior Loans lagged. Senior Loans had both the widest sector discount (-16.67%) and the highest sector yield (15.87%); the average sector discount is -8.31%. At the fund level, CCD (+6.84%) led on price, and EARN (-15.38%) fell the most, while UTG (+4.61%) led on NAV.

Defense World·Oct 8, 2026
Ellington Credit Company (NYSE:EARN) Shares to Pay Monthly Dividend of $0.08

Ellington Credit Company (NYSE: EARN - Get Free Report) declared a monthly dividend on Wednesday, October 7th. Investors of record on Friday, October 30th will be given a dividend of $0.08 per share by the real estate investment trust on Monday, November 30th. This represents a $0.96 dividend on an annualized basis and a yield of

Business Wire·Oct 7, 2026
Ellington Credit Declares Monthly Common Distribution

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common distribution of $0.08 per share, payable on November 30, 2026 to common shareholders of record as of October 30, 2026. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 19.

Defense World·Sep 30, 2026
Ellington Credit (NYSE:EARN) Share Price Breaks Below 200-Day Moving Average – Here’s Why

Shares of Ellington Credit Company (NYSE: EARN - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $4.50 and traded as low as $4.22. Ellington Credit shares last traded at $4.2550, with a volume of 375,294 shares. Analyst Upgrades and

Filtered for Ellington Credit CompanyMore Headlines
04

Compare before deciding

Benchmark EARN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Ellington Credit Company (EARN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
EARN logoEARNEllington Credit CompanyCurrent
$3.28$123.23M-3.36101.88%-77.65%-21.22%29.16%
EFC logoEFCEllington Financial Inc.
$11.26$1.41B6.33139.04%35.37%11.71%16.4%
AGNC logoAGNCAGNC Investment Corp.
$8.78$10.08B178.82-60.79%1.68%0.48%17.81%
NLY logoNLYAnnaly Capital Management, Inc.
$18.75$14.07B12.645.35%14.55%6.94%15.66%
MFA logoMFAMFA Financial, Inc.
$6.21$634M-50.45213.02%-2%-0.66%28.82%
MITT logoMITTTPG Mortgage Investment Trust Inc
$4.45$141.53M10.5114.4%2.76%2.48%17.7%

Compare EARN vs Peers

Ellington Credit Company (EARN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EFC

Most directly comparable listed peer for EARN.

Scale Benchmark

vs RKT

Larger-name benchmark to compare EARN against a more recognizable public peer.

Peer Set

Compare Top 5

vs EFC, AGNC, NLY, MFA

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

EARN SEC Filings & Documents

Ellington Credit Company (EARN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 12, 2026·SEC

Material company update

Aug 10, 2026·SEC

Material company update

Jul 8, 2026·SEC

10-K Annual Reports

2
FY 2025

Jun 23, 2025·SEC

FY 2025

Mar 31, 2025·SEC

10-Q Quarterly Reports

2
FY 2024

Nov 14, 2024·SEC

FY 2024

Aug 14, 2024·SEC

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EARN Frequently Asked Questions

Ellington Credit Company (EARN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Ellington Credit Company growing?

Ellington Credit Company (EARN) grew revenue by 247.7% over the trailing twelve months, compared with the twelve months before.

Is EARN profitable?

No. Ellington Credit Company (EARN) reported a net loss of $36.7M over the trailing twelve months.

Dividend & Returns
Does EARN pay dividends?

Yes. Ellington Credit Company (EARN) pays a dividend that yields 29.16% at the current price, a high yield.

What is EARN's return on equity?

Ellington Credit Company (EARN) had a return on equity (ROE) of -21.2% over the trailing twelve months. A negative ROE means the company lost money over the period.

Industry Metrics
What is Ellington Credit Company's net interest margin?

Ellington Credit Company (EARN) has a net interest margin (NIM) of 8.5%. This indicates healthy earnings from lending activities.

What is Ellington Credit Company's efficiency ratio?

Ellington Credit Company (EARN) has an efficiency ratio of 139.8%. This is higher than peers, suggesting room for cost optimization.

What if you invested $1,000 in EARN back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →