Revenue remains highly erratic, with the most recent period reporting a negative $13.0M figure and net margins fluctuating wildly between 179.3% in 2023Q3 and -180.1% in 2025Q1.
| Net Interest Income | 176.37M | 153.07M | 118.08M | 96.91M | 67.41M | 48.05M | 48.13M | 50.4M | 47.99M | -7.94M | -2.52M | 0 |
| NII Growth % | 15.22% | 29.63% | 21.85% | 43.75% | 40.31% | -0.18% | -4.5% | 5.01% | 704.76% | -215.28% | - | - |
| Net Interest Margin % | 12.64% | 10.17% | 12.37% | 12.75% | 8.78% | 9.37% | 10.14% | 10.57% | 9.36% | -1.77% | -0.94% | 0% |
| Interest Income | 203.98M | 171.41M | 131.72M | 111.04M | 81.88M | 58.54M | 61.59M | 65.2M | 60.92M | 7.94M | 2.52M | 0 |
| Interest Expense | 27.61M | 18.34M | 13.63M | 14.13M | 14.47M | 10.5M | 13.46M | 14.8M | 12.93M | 0 | 0 | 0 |
| Loan Loss Provision | 19.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.61M | 0 | 0 |
| Non-Interest Income | -87.9M | -55.46M | 4.6M | -189.64M | 73.43M | 16.01M | -53.5M | -100M | -12.9M | 49.82M | 39.83M | 23M |
| Non-Interest Income % | -75.72% | -47.83% | 3.38% | 241.27% | 47.28% | 21.48% | -661.71% | 287.33% | -26.86% | 86.26% | 94.06% | 100% |
| Total Revenue | 116.08M | 115.95M | 136.32M | -78.6M | 155.31M | 74.56M | 8.09M | -34.8M | 48.02M | 57.76M | 42.35M | 23M |
| Revenue Growth % | 0.12% | -14.94% | 273.43% | -150.61% | 108.3% | 822.09% | 123.23% | -172.47% | -16.85% | 36.39% | 84.14% | - |
| Non-Interest Expense | 155.95M | 12.12M | 3.94M | 9.08M | 8.98M | 3.17M | 3.32M | 5.25M | 3.96M | 15.36M | 13.2M | 2.4M |
| Efficiency Ratio | 134.34% | 10.45% | 2.89% | -11.55% | 5.78% | 4.26% | 41.05% | -15.08% | 8.25% | 26.6% | 31.17% | 10.43% |
| Operating Income | -87.39M | 85.49M | 118.75M | -101.81M | 131.86M | 60.89M | -8.69M | -54.85M | 31.13M | 40.48M | 29.15M | 20.6M |
| Operating Margin % | -75.28% | 73.73% | 87.11% | 129.53% | 84.9% | 81.66% | -107.49% | 157.6% | 64.82% | 70.08% | 68.83% | 89.57% |
| Operating Income Growth % | -202.22% | -28.01% | 216.64% | -177.21% | 116.56% | 800.5% | 84.15% | -276.19% | -23.09% | 38.87% | 41.5% | - |
| Pretax Income | -115M | 85.49M | 118.75M | -101.81M | 131.86M | 60.89M | -8.69M | -54.85M | 31.13M | 90.58M | -40.96M | 8.34M |
| Pretax Margin % | -99.07% | 73.73% | 87.11% | 129.53% | 84.9% | 81.66% | -107.49% | 157.6% | 64.82% | 156.83% | -96.72% | 36.29% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 384.79K | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.42% | 0% | 0% |
| Net Income | -134.44M | 80.31M | 118.75M | -101.81M | 131.86M | 60.89M | -8.69M | -54.85M | 31.13M | 90.96M | -40.96M | 8.34M |
| Net Margin % | -115.81% | 69.26% | 87.11% | 129.53% | 84.9% | 81.66% | -107.49% | 157.6% | 64.82% | 157.5% | -96.72% | 36.29% |
| Net Income Growth % | -267.4% | -32.37% | 216.64% | -177.21% | 116.56% | 800.5% | 84.15% | -276.19% | -65.78% | 322.09% | -590.84% | - |
| Net Income (Continuing) | -115M | 85.49M | 118.75M | -101.81M | 131.86M | 60.89M | -8.69M | -54.85M | 31.13M | 90.58M | -40.96M | 8.34M |
| EPS (Diluted) | -1.05 | 0.86 | 1.74 | -2.21 | 3.94 | 1.88 | -0.30 | -2.27 | 1.76 | 5.61 | -2.96 | 1.02 |
| EPS Growth % | -222.09% | -50.57% | 178.73% | -156.09% | 109.57% | 726.67% | 86.78% | -228.98% | -68.63% | 289.53% | -389.35% | - |
| EPS (Basic) | -1.05 | 0.86 | 1.74 | -2.21 | 3.94 | 1.88 | -0.30 | -2.37 | 1.76 | 5.61 | -2.96 | 1.02 |
| Diluted Shares Outstanding | 128.03M | 93.38M | 67.18M | 46.89M | 33.43M | 32.35M | 28.63M | 24.16M | 17.69M | 16.21M | 13.82M | 8.16M |
Portfolio mark-to-market volatility
As indicated by the quarterly income statement data, revenue growth remains highly erratic, with the most recent period showing a negative $13.0M figure, suggesting that the underlying asset base is struggling to generate consistent returns amidst a challenging credit environment for CLO equity tranches.
The extreme fluctuations in quarterly revenue highlight the sensitivity of the company's income stream to the waterfall mechanics of its CLO holdings. Investors should monitor whether these revenue swings represent temporary timing differences in cash distributions or a more permanent deterioration in the yield of the underlying loan pools.
Based on reported financial figures, the company has experienced significant margin instability, with net margins swinging from 179.3% in 2023Q3 to -180.1% in 2025Q1, reflecting the inherent difficulty in maintaining profitability when mark-to-market adjustments on CLO equity tranches dominate the bottom line.
The wide variance in net margins suggests that GAAP-based profitability is a poor proxy for operational health in this business model. The reliance on non-cash valuation adjustments appears to obscure the core investment performance, warranting further investigation into the divergence between reported net income and actual cash distributions.
According to the provided income statement history, the company's net income is frequently impacted by non-operating items, as evidenced by the sharp contrast between the $61.6M net income in 2025Q2 and the subsequent $109.9M loss in 2025Q4, indicating high sensitivity to unrealized portfolio depreciation.
The quality of earnings appears compromised by the accounting treatment of CLO equity, which forces the recognition of paper losses during periods of credit spread widening. Analysts should focus on core net investment income rather than headline net income to better assess the sustainability of the company's distribution policy.
As reported in recent filings, the company's ability to sustain its distribution yield is increasingly questioned by the negative net margin of -115.81%, which suggests that the current payout structure may be relying on capital recycling rather than organic income generation from the underlying CLO portfolio.
The persistent negative net margins and the volatility in EPS suggest that the company's capital allocation strategy may be under pressure. Investors should monitor whether the current distribution levels are supported by cash flow or if they represent a return of capital that could erode the long-term NAV.
Quick answers to the most common questions about buying ECCX stock.
Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) reported a net loss of $134.4M for the fiscal year ending 2025.
Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) reported an operating income of $-87.4M, resulting in an operating profit margin of -75.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) generated $68.6M in gross profit for the year, representing a gross profit margin of 59.1%. This demonstrates the company's core pricing power and production efficiency.