Ellington Credit Company (EARN) Revenue History
Annual and quarterly revenue from 2012 to present
EARN Revenue Over Time (2012–2025)
EARN Revenue Growth History
5 of 12 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +472.0%
- FY2014 revenue growth
- +383.4%
- FY2015 revenue growth
- -56.8%
- FY2016 revenue growth
- +129.5%
- FY2017 revenue growth
- +35.7%
- FY2018 revenue growth
- -24.8%
- FY2019 revenue growth
- +135.0%
- FY2020 revenue growth
- -42.8%
- FY2021 revenue growth
- -94.0%
- FY2022 revenue growth
- -573.2%
- FY2023 revenue growth
- N/A
- FY2024 revenue growth
- -8.4%
- FY2025 revenue growth
- -16.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2025 | $921K | — |
| Q4 2024 | $6.8M | — |
| Q3 2024 | $16.4M | — |
| Q2 2024 | $11.5M | — |
| Q1 2024 | $16.0M | — |
| Q4 2023 | $1.5M | — |
| Q3 2023 | $2.3M | — |
| Q2 2023 | $14.4M | — |
Multi-year avg. share of annual revenue by fiscal quarter
EARN Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 28, 2026, Ellington Credit Company (EARN) generated trailing twelve-month (TTM) revenue of $35.6 million, reflecting significant decline in growth of -94.2% year-over-year. The most recent quarter (Q1 2025) recorded $921,000 in revenue, down 86.4% sequentially.
Historical Growth Trajectory
EARN's 5-year compound annual growth rate (CAGR) stands at +3.5%, indicating moderate growth over time. Ellington Credit Company's highest annual revenue of $62.8 million was recorded in 2019.
Peer Comparison
Compared to Financial Services sector peers — including EFC (+105.7% YoY), AGNC (+19.5% YoY), and NLY (+8.0% YoY) — EARN has underperformed the peer group in revenue growth. Compare EARN vs EFC →
EARN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| EARNCurrent | $36M | -94.2% | +3.5% | -19.8% | |
 EFC | $675M | +105.7% | +80.6% | 61.6% | |
 AGNC | $1.9B | +19.5% | +41.2% | 236.3% | |
 NLY | $6.7B | +8.0% | +35.2% | 102.6% | |
 MFA | $875M | +137.8% | - | 78.8% | |
 MITT | $473M | +16.1% | - | 96.9% |
EARN Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $42.6M | - | $36.4M | 85.4% | $-8,443,000 | -19.8% |
| 2024 | $50.7M | - | $15.9M | 31.3% | $7.1M | 14.0% |
| 2023 | $55.4M | - | $10.1M | 18.2% | $4.6M | 8.2% |
| 2022 | $-10,250,000 | - | $-25,070,000 | 244.6% | $-30,198,000 | 294.6% |
| 2021 | $2.2M | - | $-557,000 | -25.7% | $-6,309,000 | -291.3% |
| 2020 | $35.9M | - | $25.9M | 72.2% | $20.1M | 56.0% |
| 2019 | $62.8M | - | $27.5M | 43.8% | $22.3M | 35.4% |
| 2018 | $26.7M | - | $-5,787,000 | -21.6% | $-11,295,000 | -42.3% |
| 2017 | $35.5M | - | $16.5M | 46.4% | $10.8M | 30.4% |
| 2016 | $26.2M | - | $16.9M | 64.6% | $11.9M | 45.5% |
| 2015 | $11.4M | - | $5.2M | 45.4% | $30K | 0.3% |
| 2014 | $26.4M | - | $21.9M | 82.9% | $16.2M | 61.2% |
| 2013 | $5.5M | - | $2.4M | 44.1% | $-1,914,000 | -35.0% |
| 2012 | $956K | - | $956K | 100.0% | $-2,492,000 | -260.7% |
Intrinsic Valuation
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Historical Returns
14+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
EARN — Frequently Asked Questions
Quick answers to the most common questions about buying EARN stock.
Is EARN's revenue growth accelerating or slowing?
EARN revenue is declining -94.2% year-over-year. TTM revenue fell to $36M, contrasting with the 5-year CAGR of +3.5%. The reversal reflects either macro headwinds or company-specific challenges.
What is EARN's revenue history from 2012 to 2026?
Ellington Credit Company (EARN) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $36M, growing at -94.2% YoY. The 5-year CAGR is +3.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is EARN's long-term revenue growth rate (CAGR)?
Ellington Credit Company's 5-year revenue CAGR of +3.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -94.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for EARN.
Why does EARN's quarterly revenue fluctuate?
EARN quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Ellington Credit Company's revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is EARN's revenue distributed by segment?
EARN reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does EARN's revenue compare to industry peers?
Ellington Credit Company (EARN) with TTM revenue of $36M and -94.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.