Ellington Financial Inc. (EFC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 228.8M | 147.4M | 123.01M | 86.27M | 72.28M | 66.08M | 60.95M | 85.35M | 69.81M | 78.97M | 48.84M | 54.41M | 74.28M | 116.1M | 6.21M | -36.9M | 7.35M | 19.61M | 26.74M | 29.92M |
| Revenue Growth % | 216.53% | 123.04% | 101.83% | 1.08% | 3.54% | -16.32% | 24.78% | 56.86% | -6.01% | -31.98% | 686.03% | 247.45% | 910.7% | 492.16% | -76.76% | -223.33% | -83.92% | -65.07% | -44.58% | -34.07% |
| Property Operating Expenses | 26.93M | 25.13M | 23.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.12M | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Operating Income (NOI) | 201.87M | 122.27M | 99.02M | 86.27M | 72.28M | 66.08M | 60.95M | 85.35M | 69.81M | 78.97M | 48.84M | 54.41M | 74.28M | 100.99M | 6.21M | -36.9M | 7.35M | 19.61M | 26.74M | 29.92M |
| NOI Margin % | 88.23% | 82.95% | 80.5% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 86.98% | 100% | 100% | 100% | 100% | 100% | 100% |
| Operating Expenses | 37.83M | 17.46M | 151K | 50.8M | 41.36M | 45.92M | 44.89M | 37.17M | 37.92M | 62.06M | 34.56M | 37.72M | 32.95M | 8.08M | 10.51M | 9.11M | 15.3M | 11.08M | 7.32M | 8.91M |
| G&A Expenses | 0 | -44.83M | 20.53M | 19.96M | 17.4M | 18.59M | 17.58M | 15.04M | 14.48M | 23.56M | 14.63M | 17.21M | 13.09M | 14.38M | 5.6M | 4.77M | 5.37M | 6.86M | 4.58M | 4.49M |
| EBITDA | 196.71M | 123.01M | 111.94M | 35.48M | 30.92M | 20.16M | 16.05M | 48.17M | 31.89M | 17.26M | 14.28M | 16.69M | 41.69M | 83.62M | -4.3M | -46.01M | -7.95M | 8.53M | 19.42M | 21.01M |
| EBITDA Margin % | 85.98% | 83.46% | 91.01% | 41.12% | 42.78% | 30.51% | 26.34% | 56.44% | 45.67% | 21.85% | 29.24% | 30.68% | 56.13% | 72.02% | -69.18% | 124.69% | -108.21% | 43.49% | 72.64% | 70.21% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 349K | 0 | 0 | 358K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A / Revenue % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.44% | 0% | 0% | 0.48% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Operating Income | 164.03M | 104.81M | 98.87M | 35.48M | 30.92M | 20.16M | 16.05M | 48.17M | 31.89M | 16.91M | 14.28M | 16.69M | 41.33M | 92.91M | -4.3M | -46.01M | -7.95M | 8.53M | 19.42M | 21.01M |
| Operating Margin % | 71.69% | 71.11% | 80.38% | 41.12% | 42.78% | 30.51% | 26.34% | 56.44% | 45.67% | 21.41% | 29.24% | 30.68% | 55.64% | 80.02% | -69.18% | 124.69% | -108.21% | 43.49% | 72.64% | 70.21% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 2.23x | 1.42x | 1.53x | 0.49x | 0.43x | 0.29x | 0.22x | 0.72x | 0.45x | 0.24x | 0.21x | - | - | - | -0.10x | -1.77x | -0.57x | 0.78x | 1.83x | 1.88x |
| Non-Operating Income | -32.67M | -18.2M | -13.07M | 35.48M | 30.92M | 20.16M | 16.05M | 48.17M | 31.89M | 16.91M | 14.28M | 16.69M | 41.33M | 9.29M | -4.3M | -46.01M | -7.95M | 8.53M | 19.42M | 21.01M |
| Pretax Income | 108.46M | 23.97M | 38.82M | 52.55M | 39.23M | 31.06M | 23.34M | 60.21M | 34.11M | 19.45M | 13.3M | 10.82M | 44.77M | 23.96M | -29.81M | -69.28M | -13.46M | 38.84M | 21.97M | 39.61M |
| Pretax Margin % | 47.4% | 16.26% | 31.56% | 60.91% | 54.27% | 46.99% | 38.29% | 70.55% | 48.86% | 24.64% | 27.24% | 19.89% | 60.28% | 20.64% | -479.76% | 187.74% | -183.13% | 198.12% | 82.17% | 132.38% |
| Income Tax | 966K | 1.35M | 1.06M | 1.48M | -96K | 398K | 12K | 142K | 61K | 129K | 224K | 83K | 21K | -2.85M | -81K | -7.83M | -6.96M | -5K | -2.01M | 3.14M |
| Effective Tax Rate % | 0.89% | 5.65% | 2.73% | 2.81% | -0.24% | 1.28% | 0.05% | 0.24% | 0.18% | 0.66% | 1.68% | 0.77% | 0.05% | -11.89% | 0.27% | 11.3% | 51.72% | -0.01% | -9.14% | 7.93% |
| Net Income | 105.32M | 21.65M | 36.58M | 49.96M | 38.68M | 30.11M | 23.01M | 59.17M | 33.57M | 18.6M | 12.57M | 8.88M | 44.03M | 26.56M | -29.47M | -61.06M | -6.08M | 36.57M | 22.5M | 34.59M |
| Net Margin % | 46.03% | 14.69% | 29.74% | 57.91% | 53.52% | 45.57% | 37.75% | 69.33% | 48.09% | 23.56% | 25.74% | 16.32% | 59.28% | 22.87% | -474.2% | 165.48% | -82.71% | 186.49% | 84.16% | 115.63% |
| Net Income Growth % | 172.25% | -28.11% | 58.98% | -15.57% | 15.24% | 61.88% | 83.02% | 566.5% | -23.76% | -29.96% | 142.66% | 114.54% | 824.47% | -27.37% | -230.94% | -276.5% | -115.27% | -43.83% | -53.25% | -11.79% |
| Funds From Operations (FFO) | 105.32M | 21.65M | 36.58M | 49.96M | 38.68M | 30.11M | 23.01M | 59.17M | 33.57M | 18.95M | 12.22M | 8.88M | 44.39M | 26.56M | -29.47M | -61.06M | -6.08M | 36.57M | 22.5M | 34.59M |
| FFO Margin % | 46.03% | 14.69% | 29.74% | 57.91% | 53.52% | 45.57% | 37.75% | 69.33% | 48.09% | 24% | 25.02% | 16.32% | 59.76% | 22.87% | -474.2% | 165.48% | -82.71% | 186.49% | 84.16% | 115.63% |
| FFO Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| FFO per Share | 0.87 | 0.22 | 0.36 | 0.52 | 0.42 | 0.34 | 0.26 | 0.70 | 0.40 | 0.26 | 0.18 | 0.13 | 0.66 | 0.43 | -0.49 | -1.02 | -0.11 | 0.65 | 0.45 | 0.79 |
| FFO Payout Ratio % | 52.55% | 228.72% | 127.39% | 89.38% | 110.8% | 140.69% | 177.74% | 68.15% | 119.01% | 221.88% | 301.19% | 410.34% | 76.55% | 119.01% | -105.97% | -50.98% | -478.86% | 74.48% | 106.27% | 55.73% |
| EPS (Diluted) | 0.78 | 0.14 | 0.29 | 0.45 | 0.35 | 0.25 | 0.18 | 0.62 | 0.32 | 0.17 | 0.10 | 0.04 | 0.58 | 0.58 | -0.07 | -1.08 | -0.17 | 0.61 | 0.41 | 0.75 |
| EPS Growth % | 122.86% | -44% | 61.11% | -27.42% | 9.38% | 47.06% | 87.3% | 1355.4% | -44.83% | -70.69% | 237.29% | 103.94% | 441.18% | -4.92% | -117.07% | -244% | -119.77% | -57.64% | -61.32% | -11.76% |
| EPS (Basic) | 0.78 | 0.14 | 0.29 | 0.45 | 0.35 | 0.25 | 0.19 | 0.62 | 0.32 | 0.18 | 0.10 | 0.04 | 0.58 | 0.59 | -0.07 | -1.08 | -0.17 | 0.61 | 0.41 | 0.75 |
| Diluted Shares Outstanding | 121.71M | 99.44M | 101.59M | 95.86M | 91.6M | 89.23M | 88.04M | 85.04M | 84.47M | 72.14M | 68.6M | 67.98M | 67.49M | 62.3M | 60.22M | 60.03M | 57.61M | 56.57M | 49.85M | 43.78M |