Revenue growth remains inconsistent, with net margins recently collapsing to -177.1% in 2026Q1 due to non-cash valuation adjustments outpacing interest income.
| 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 mark-to-market volatility
As reported in recent financial filings, EICA achieved a 10.65% year-over-year revenue growth rate, suggesting that the fund is successfully deploying capital into its CLO debt portfolio, though quarterly revenue figures remain inconsistent due to the inherent nature of interest distributions from underlying credit pools.
The revenue trajectory appears sensitive to the reinvestment cycles of the underlying CLO vehicles, which complicates the assessment of organic growth durability. Investors should monitor whether the recent expansion in top-line figures is sustainable or merely a reflection of temporary yield spikes in the leveraged loan market.
Based on the provided income statement data, EICA's net margin has fluctuated significantly, reaching a negative 2.29% recently, which indicates that unrealized mark-to-market losses on the investment portfolio are currently outpacing the cash income generated from the fund's underlying BB-rated CLO debt holdings.
While the gross margin remains relatively high at 83.44%, the sharp divergence between gross and net profitability suggests that non-operating items and portfolio valuation adjustments are exerting substantial pressure on the bottom line. This volatility warrants further investigation into the fund's reliance on mark-to-market accounting versus realized cash flows.
According to the historical income statements, EICA's net income is frequently impacted by non-cash valuation adjustments, as evidenced by the significant variance between quarterly net income figures, which often mask the underlying stability of the fund's recurring interest income from its CLO debt investments.
The reliance on mark-to-market valuations introduces a high degree of subjectivity into the reported earnings, making it difficult for investors to gauge the true operational performance of the fund. Analysts should prioritize Net Investment Income over headline net income to better understand the fund's ability to sustain its distribution policy.
As indicated by the fund's recent negative net margin of -2.29%, there is a material risk that the market is underestimating the 'cliff risk' inherent in BB-rated CLO debt, where potential OC test failures could lead to a sudden and severe erosion of cash flow.
Short-term performance metrics may be misleading if they fail to account for the potential for credit spread widening to trigger significant NAV impairment. The current valuation and income profile appear to be highly sensitive to the health of the underlying corporate borrowers, suggesting that the fund's downside protection may be less robust than the market currently assumes.
Quick answers to the most common questions about buying EICA stock.
Eagle Point Income Company Inc. (EICA) reported a net loss of $1.2M for the fiscal year ending 2025.
Eagle Point Income Company Inc. (EICA) 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. (EICA) 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.