Ellington Financial Inc. EFC

Real estate SIC 6500 - Real Estate NAICS Real Estate and Rental and Leasing › Real Estate derived NYSE

Except where the context suggests otherwise, references in this Annual Report on Form 10-K to "EFC," "we," "us," and "our" refer to Ellington Financial Inc. and its consolidated subsidiaries, including Ellington Financial Operating Partnership LLC, our operating partnership subsidiary, which we refer to as our "Operating Partnership." References in this Annual Report on Form 10-K to (1) "common shares" refer to shares of our common stock, $0.001 par value per share and (2) "common stockholders" refer to holders of shares of our common stock. We conduct all of our operations and business activities through our Operating Partnership. Our "Manager" refers to Ellington Financial Management LLC, our external manager, "Ellington" refers to Ellington Management Group, L.L.C. and its affiliated investment advisory firms, including our Manager, and "Manager Group" refers collectively to officers and directors of EFC, and partners and affiliates of Ellington (including families and family trusts of the foregoing). In certain instances, references to our Manager and services to be provided to us by our Manager may also include services provided by Ellington and its other affiliates from time to time.

Last close 11.73 2026-10-23
Market cap $1.51B 2026-06-30 share count
52-week range 11.28 - 14.12

Valuation FY2025 figures against the last close

P/S—
P/E9.9x
P/FCF—
EV/EBITDA—
Dividend yield12.1%
Diluted EPS1.19

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cost of revenue —————————$1.1M
Total operating expenses $238.5M$189.4M$187.7M$85.0M$65.4M$44.8M$38.7M$91.9M$58.8M$44.4M
Operating income ———————$43.1M$35.2M$35.8M
Interest expense $304.5M$279.6M$262.5M$141.8M$44.0M$61.7M$78.5M$56.7M$31.1M$16.3M
Pre-tax income $97.9M$116.3M$89.2M-$25.0M$85.6M$1.8M$54.5M———
Income tax $3.8M$612.0K$457.0K$17.7M$3.1M$11.4M$1.6M———
Net income $150.8M$148.1M$87.9K-$70.9M$140.6M$17.2M$56.5M$46.7M$34.0M-$16.0M
EPS, basic 1.191.360.89-1.432.580.391.761.521.04-0.48
EPS, diluted 1.191.360.89-1.432.580.391.761.521.04-0.48
Shares, diluted (wtd. avg.) 100.5M87.7M69.1M60.6M49.2M—————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $201.9M$192.4M$228.9M$217.1M$92.7M$111.6M$72.3M$45.1M$47.7M$123.9M
Property, plant and equipment $868.0K$1.4M$1.1M$1.4M$0—————
Other intangibles $1.8M$2.2M$2.7M$3.3M$0—————
Total assets $19.35B$16.32B$15.32B$14.09B$5.18B$3.41B$4.34B$3.97B$2.99B$2.41B
Long-term debt ———$0$85.8M$85.6M$85.3M$85.0M$84.8M$0
Total liabilities $17.48B$14.73B$13.78B$12.87B$3.85B$2.49B$3.47B$3.38B$2.37B$1.77B
Retained earnings -$413.0M-$375.1M-$353.4M-$290.9M-$97.3M-$141.5M-$103.6M———
Total equity $1.83B$1.57B$1.54B$1.22B$1.32B$921.6M$868.7M$595.2M$621.0M$644.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$925.5M-$430.5M-$241.9M$42.7M$51.3M$119.5M$79.2M-$494.2M-$462.9M$69.7M
Depreciation and amortisation $992.0K$1.5M$1.1M$330.0K——————
Stock-based compensation $3.6M$1.1M$1.3M$1.4M$971.0K$722.0K$475.0K———
Capital expenditure $0$0$37.0K$222.0K$2.2M$153.0K$240.0K———
Investing cash flow -$4.07B-$728.3M$174.9M-$1.75B-$2.03B$507.3M-$1.66B———
Financing cash flow $5.12B$1.14B$75.6M$1.84B$1.95B-$587.4M$1.61B$491.6M$386.7M-$130.3M
Dividends paid $183.6M$163.5M$149.3M$123.1M$85.7M$65.0M$54.3M$50.7M$57.6M$65.1M
Buybacks $0$685.0K$12.4M$1.7M$0$3.1M$782.0K$23.1M$14.6M$14.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-024281.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M Net income, FY2016: -16M Net income, FY2017: 34M Net income, FY2018: 46.7M Net income, FY2019: 56.5M Net income, FY2020: 17.2M Net income, FY2021: 140.6M Net income, FY2022: -70.9M Net income, FY2023: 87.9K Net income, FY2024: 148.1M Net income, FY2025: 150.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — — — — —
Gross profit — — — — — — — — — —
Net income -$16.0M $34.0M $46.7M $56.5M $17.2M $140.6M -$70.9M $87.9K $148.1M $150.8M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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