Revenue volatility remains pronounced, with quarterly figures contracting from $16.8M in 2025Q2 to $6.8M in 2025Q4, while net margins collapsed to -2.1% due to non-cash valuation adjustments.
Eagle Point Income Company Inc. (EICC) annual income statement — 8-year revenue, gross profit & net income history
| Metric | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | 42.17M | 43M | 22.87M | 15.96M | 9.02M | -4.98M | 7.05M | 1.12M |
| Gross Margin % | 83.44% | 94.13% | 85.5% | 83.83% | 73.37% | 153.19% | 89.49% | 73.98% |
| Gross Profit Growth % | -1.92% | 87.98% | 43.3% | 76.92% | 281.17% | -170.63% | 527.54% | - |
| Operating Expenses | 31.29M | 4.12M | 5.86M | 29.29M | 3.3M | -522.89K | -433.88K | 25.72M |
| OpEx % of Revenue | 61.92% | 9.02% | 21.92% | 153.86% | 26.83% | 16.09% | -5.51% | 1693.79% |
| Selling, General & Admin | 3.88M | 4.01M | 5.86M | 2.49M | 3.09M | 1.65M | 1.2M | -3 |
| SG&A % of Revenue | 7.68% | 8.78% | 21.92% | 13.09% | 25.1% | -50.87% | 15.18% | -0% |
| Research & Development | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| Operating Income | 10.88M | 49.15M | 17.01M | -13.33M | 6.94M | -4.46M | 7.48M | 6.07M |
| Operating Margin % | 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% | - |
| EBITDA | 10.88M | 11.5M | 32.56M | 19.04M | 10.39M | -3.25M | 7.93M | 12.5M |
| EBITDA Margin % | 21.52% | 25.18% | 121.71% | 100% | 84.49% | 100% | 100.64% | 823.45% |
| EBITDA Growth % | -5.4% | -64.68% | 71.01% | 83.28% | 419.58% | -141% | -36.6% | - |
| D&A (Non-Cash Add-back) | 0 | -37.65M | 15.55M | 32.37M | 3.45M | 1.21M | 444.43K | 6.43M |
| EBIT | 10.88M | 49.15M | 32.56M | -13.33M | -590.01K | -4.46M | 7.43M | 6.07M |
| Net Interest Income | 48.05M | 38.51M | 23.44M | 16.42M | 11.1M | 10.74M | 8.3M | 0 |
| Interest Income | 60.09M | 46.11M | 26.69M | 18.95M | 11.86M | 11.28M | 8.34M | 0 |
| Interest Expense | 12.04M | 7.59M | 3.25M | 2.53M | 764.72K | 532.18K | 35.48K | 0 |
| Other Income/Expense | - | - | - | - | - | - | - | - |
| Pretax Income | -1.16M | 41.55M | 29.29M | -15.95M | 8.85M | -5.05M | 7.43M | -4.91M |
| Pretax Margin % | -2.29% | 90.98% | 109.48% | -83.76% | 71.96% | 155.29% | 94.36% | -323.45% |
| Income Tax | 0 | 0 | 0 | 0 | 8.85M | 0 | 0 | -4.91M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 100% | 0% | 0% | 100% |
| Net Income | -1.16M | 41.55M | 29.29M | -15.95M | 8.01M | -5.05M | 7.43M | -4.91M |
| Net Margin % | -2.29% | 90.98% | 109.48% | -83.76% | 65.13% | 155.29% | 94.36% | -323.45% |
| Net Income Growth % | -102.79% | 41.88% | 283.66% | -299.13% | 258.64% | -167.91% | 251.32% | - |
| Net Income (Continuing) | -1.16M | 41.55M | 29.29M | -15.95M | 8.01M | -5.05M | 7.43M | -4.91M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05 | 2.81 | 3.08 | -2.28 | 1.23 | -0.83 | 1.24 | -1.05 |
| EPS Growth % | -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 | 23.43M | 14.79M | 9.51M | 6.99M | 6.52M | 6.11M | 6.02M | 4.66M |
| Basic Shares Outstanding | 23.43M | 14.79M | 9.51M | 6.99M | 6.52M | 6.11M | 6.02M | 4.66M |
| Dividend Payout Ratio | - | 82.6% | 61.73% | - | 87.98% | - | 73.18% | - |
Quick answers to the most common questions about buying EICC stock.
For fiscal year 2025, Eagle Point Income Company Inc. (EICC) reported total revenue of $1.0M. This represents a 0.0% increase compared to $1.0M in 2018.
Eagle Point Income Company Inc. (EICC) reported a net loss of $1.2M for the fiscal year ending 2025.
Eagle Point Income Company Inc. (EICC) 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. (EICC) 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.
Key Metrics
Top Statement Risk
Mark-to-market portfolio volatility
Metrics are mathematically derived from official filings.
Revenue Volatility Amidst Credit Cycles
According to recent financial disclosures, EICC's quarterly revenue has fluctuated significantly, reaching a peak of $16.8M in 2025Q2 before contracting to $6.8M by 2025Q4, reflecting the inherent sensitivity of CLO-based interest income to underlying loan pool performance and reinvestment cycles within the US credit market.
The revenue trajectory appears highly non-linear, driven more by the timing of distributions from CLO tranches than by consistent organic growth. Investors should monitor whether the recent contraction in top-line figures represents a structural shift in the underlying collateral health or merely a temporary timing mismatch in cash receipts.
Structural Margin Compression Under Pressure
As reported in quarterly filings, EICC's net margin experienced a sharp decline to -2.1% in 2025Q4, a stark reversal from the 98.7% net margin observed in 2024Q4, indicating that unrealized mark-to-market valuation adjustments are currently overwhelming the fund's core investment income generation capabilities.
The wide variance in net margins suggests that GAAP profitability is a poor proxy for the fund's operational health. The reliance on mark-to-market accounting for CLO debt securities creates significant noise, potentially masking the underlying stability of the interest income stream that supports shareholder distributions.
Accounting Distortions Obscure Core Performance
Based on the provided income statement data, the divergence between operating income and net income, exemplified by the 2025Q1 result of $11.8M operating income against a -$10.6M net loss, highlights the significant impact of non-cash valuation changes on the company's reported bottom-line earnings.
The quality of earnings appears compromised by the volatility of unrealized gains and losses inherent in the CLO asset class. Analysts should prioritize Net Investment Income over GAAP net income to better assess the sustainability of the fund's dividend policy and its ability to generate recurring cash flows.
Portfolio Sensitivity to Spread Widening
Data from recent periods suggests that EICC's reliance on junior CLO debt tranches leaves it vulnerable to credit spread widening, as evidenced by the negative net income reported in two of the last four quarters, which may signal underlying risks to the portfolio's valuation.
Short-sellers might focus on the potential for further NAV erosion if the credit environment deteriorates, as the fund's limited cash reserves of $5.5M provide little buffer for reinvestment during market dislocations. This warrants further investigation into the specific credit quality and default assumptions embedded within the current portfolio.