Ellington Financial (EFC) Financial Statements & Analysis

Ellington Financial (EFC) Income Statement

Ellington Financial reported revenue of $306.51M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 8.6% from $282.19M a year earlier. Net income was $146.87M, up 0.7% year over year, a net margin of 47.9%. Gross margin was 185.4% and operating margin 135.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $174.93M, up 102.8% from the same quarter a year earlier.

Ellington Financial Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Ellington Financial Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	306.51	282.19	256.50	43.15	216.80	35.15	85.16	76.83	10.74
Cost of Revenue	106.17	0.00	0.00	0.00	42.33	0.00	0.00	0.42	21.40
Gross Profit	568.37	282.19	256.50	43.15	174.46	35.15	85.16	76.42	-10.66
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Selling, General & Administrative	80.31	65.69	68.49	29.00	20.91	16.52	14.82	9.97	2.24
Operating Expenses	208.60	165.92	167.29	68.12	39.52	33.33	30.63	26.92	4.15
Operating Income	415.29	166.02	89.21	-24.97	134.94	1.82	54.53	103.38	65.10
Other Income/Expense
Interest Income	494.49	416.02	370.17	140.44	175.51	173.53	81.42	131.03	21.15
Interest Expense	304.53	279.61	262.45	0.00	44.03	61.67	0.00	56.71	8.17
Other Income/Expense	-260.73	32.45	-0.86	-63.61	8.76	37.93	0.00	0.00	50.77
Income
Income Before Tax	97.91	116.27	88.36	-88.59	143.70	39.75	54.53	49.91	6.60
Income Tax Expense	3.79	0.61	0.46	-17.72	3.14	11.38	1.56	3.24	0.40
Net Income	146.87	145.86	84.08	-70.05	133.46	25.01	57.93	46.68	6.20
Net Income - Continuous Operations	150.77	148.10	84.08	-70.05	133.46	25.01	57.93	46.68	6.20
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	459.09	0.00	0.00	5.67	193.02	0.00	0.00	111.21	65.10
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.00	0.00	0.00	5.67	0.00	0.00	0.00	51.09	51.52
Earnings Per Share
Basic EPS	1.00	1.00	1.00	-1.00	3.00	-	2.00	2.00	-
Diluted EPS	1.00	1.00	1.00	-1.00	3.00	-	2.00	2.00	-
Basic Shares Outstanding	99.44	86.86	69.06	60.62	49.21	44.12	32.07	30.30	32.53
Diluted Shares Outstanding	100.53	86.86	69.06	60.62	49.21	44.12	32.07	30.71	32.57

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ellington Financial Financial Statements

What was Ellington Financial's revenue in fiscal 2025?

Ellington Financial reported revenue of $306.51M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 8.6% from $282.19M a year earlier.

Is Ellington Financial profitable?

Yes. Ellington Financial earned net income of $146.87M in fiscal 2025, a net margin of 47.9%. In fiscal 2024 it earned $145.86M.

What is Ellington Financial's operating margin?

Ellington Financial's operating income was $415.29M on revenue of $306.51M in fiscal 2025, an operating margin of 135.5%, compared with 58.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition