Revenue volatility remains a core feature of the business, with net margins swinging to -177.1% in 2026Q1 due to unrealized portfolio devaluations despite a robust 87.7% gross margin.
| Net Interest Income | 30.48M | 48.05M | 38.51M | 23.44M | 16.42M | 11.1M | 10.74M | 8.3M | 0 |
| NII Growth % | 418.32% | 24.77% | 64.3% | 42.76% | 47.94% | 3.3% | 29.44% | - | - |
| Net Interest Margin % | 7.19% | 10.48% | 8.45% | 9.62% | 11.05% | 6.41% | 9.05% | 6.07% | 0% |
| Interest Income | 39.63M | 60.09M | 46.11M | 26.69M | 18.95M | 11.86M | 11.28M | 8.34M | 0 |
| Interest Expense | 9.15M | 12.04M | 7.59M | 3.25M | 2.53M | 764.72K | 532.18K | 35.48K | 0 |
| Loan Loss Provision | -521.75K | -3.67M | -4.91M | 629.28K | 551.23K | 2.51M | 1.2M | 792.09K | 395.2K |
| Non-Interest Income | 12.54M | -9.55M | -432.21K | 61.06K | 92.02K | 431.91K | -14.53M | -458.95K | 1.52M |
| Non-Interest Income % | 24.04% | -18.89% | -0.95% | 0.23% | 0.48% | 3.51% | 446.92% | -5.83% | 100% |
| Total Revenue | 52.17M | 50.54M | 45.68M | 26.75M | 19.04M | 12.3M | -3.25M | 7.88M | 1.52M |
| Revenue Growth % | 3.42% | 10.65% | 70.74% | 40.51% | 54.84% | 478.26% | -141.26% | 418.72% | - |
| Non-Interest Expense | 50.04M | 31.29M | 4.12M | 5.86M | 29.29M | 3.3M | -522.89K | -433.88K | 25.72M |
| Efficiency Ratio | 95.92% | 61.92% | 9.02% | 21.92% | 153.86% | 26.83% | 16.09% | -5.51% | 1693.79% |
| Operating Income | -4.02M | 10.88M | 49.15M | 17.01M | -13.33M | 6.94M | -4.46M | 7.48M | 6.07M |
| Operating Margin % | -7.71% | 21.52% | 107.6% | 63.58% | -70.02% | 56.45% | 137.1% | 95% | 400% |
| Operating Income Growth % | - | -77.87% | 188.96% | 227.59% | -292.08% | 255.74% | -159.55% | 23.2% | - |
| Pretax Income | -12.53M | -1.16M | 41.55M | 29.29M | -15.95M | 8.85M | -5.05M | 7.43M | -4.91M |
| Pretax Margin % | -24.02% | -2.29% | 90.98% | 109.48% | -83.76% | 71.96% | 155.29% | 94.36% | -323.45% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 8.85M | 0 | 0 | -4.91M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 100% | 0% | 0% | 100% |
| Net Income | -12.53M | -1.16M | 41.55M | 29.29M | -15.95M | 8.01M | -5.05M | 7.43M | -4.91M |
| Net Margin % | -24.02% | -2.29% | 90.98% | 109.48% | -83.76% | 65.13% | 155.29% | 94.36% | -323.45% |
| Net Income Growth % | -189.4% | -102.79% | 41.88% | 283.66% | -299.13% | 258.64% | -167.91% | 251.32% | - |
| Net Income (Continuing) | -12.53M | -1.16M | 41.55M | 29.29M | -15.95M | 8.01M | -5.05M | 7.43M | -4.91M |
| EPS (Diluted) | -0.54 | -0.05 | 2.81 | 3.08 | -2.28 | 1.23 | -0.83 | 1.24 | -1.05 |
| EPS Growth % | -166.26% | -101.76% | -8.77% | 235.09% | -285.37% | 248.19% | -166.94% | 218.1% | - |
| EPS (Basic) | - | -0.05 | 2.81 | 3.08 | -2.28 | 1.23 | -0.83 | 1.24 | -1.05 |
| Diluted Shares Outstanding | 23.04M | 23.43M | 14.79M | 9.51M | 6.99M | 6.52M | 6.11M | 6.02M | 4.66M |
Portfolio valuation volatility
According to historical income statements, EIC's revenue has fluctuated between $6.8M and $16.8M over the last ten quarters, reflecting the inherent sensitivity of CLO interest income to market-driven reinvestment cycles and the floating-rate nature of the underlying corporate loan collateral held within the fund's portfolio.
The revenue trajectory appears inconsistent, driven more by the timing of cash distributions from CLO tranches than by steady organic growth. Investors should monitor whether the fund can maintain consistent interest income as the underlying leveraged loan market faces potential credit spread widening.
As reported in financial statements, EIC's net margin plummeted to -177.1% in 2026Q1, a sharp contrast to the 87.7% gross margin, highlighting how unrealized portfolio devaluations frequently overwhelm the core interest income generated by the company's specialized mezzanine CLO debt holdings during periods of market stress.
The wide gap between gross and net margins suggests that the company's profitability is highly susceptible to non-cash accounting adjustments. This volatility warrants caution, as it obscures the actual cash-generating capacity of the underlying assets which are intended to fund shareholder distributions.
Based on EIC's reported figures, the significant divergence between net income and operating income suggests that non-operating items, specifically unrealized mark-to-market losses, are the primary drivers of bottom-line volatility, making GAAP net income a poor proxy for the fund's actual distributable cash flow performance.
Analysts should prioritize Net Investment Income (NII) over GAAP net income to better assess the sustainability of the dividend. The reliance on fair-value accounting for CLO debt means that reported earnings will likely remain disconnected from the actual interest payments received from the underlying loan issuers.
Financial data indicates that EIC's reliance on BB-rated CLO tranches exposes the fund to potential cash flow diversion if underlying loan defaults trigger overcollateralization tests, a risk that short-sellers may emphasize given the recent negative net margin trends observed in the most recent quarterly filings.
While the mezzanine focus offers a buffer compared to equity tranches, the potential for 'CCC' migration in the underlying loan pool remains a critical threat to the fund's income stream. Investors should investigate whether the current portfolio composition provides sufficient cushion against a sustained increase in corporate default rates.
Quick answers to the most common questions about buying EIC stock.
Eagle Point Income Company Inc. (EIC) reported a net loss of $1.2M for the fiscal year ending 2025.
Eagle Point Income Company Inc. (EIC) reported an operating income of $10.9M, resulting in an operating profit margin of 21.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Eagle Point Income Company Inc. (EIC) generated $42.2M in gross profit for the year, representing a gross profit margin of 83.4%. This demonstrates the company's core pricing power and production efficiency.