EARN (Ellington Credit Company) Stock Financials & Earnings | Market Cap Arena

EARN (Ellington Credit Company) Stock Financials & Earnings | Market Cap Arena

EARNEllington Credit Company

Mkt Cap$178M

Financial Services·Asset Management·🇺🇸 United States·NYSE

Revenue (TTM)$43M

Net Income (TTM)-$14M

EPS (TTM)-$0.38

Free Cash Flow (TTM)$20M

Gross Margin85.4%

Op. Margin-19.8%

Net Margin-33.9%

FCF Margin45.9%

P/S Ratio (TTM)4.2x

P/E Ratio (TTM)—

YoY Rev Growth-16.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$13M	$4M	$2M
Q2 23	$14M	$3M	$1M
Q3 23	$2M	-$10M	-$11M
Q4 23	$2M	$991K	$24M
Q1 24	$16M	$6M	$4M
Q2 24	$12M	$1M	-$890K
Q3 24	$16M	$9M	$6M
Q4 24	$7M	$83K	-$2M
Q1 25	$921K	-$5M	-$8M
Q2 25	$12M	$12M	$12M
Q3 25	$15M	$15M	$6M
Q4 25	$14M	$14M	-$19M

Valuation

Quarter	P/S	P/E
Q1 23	9.8x	—
Q2 23	4.4x	114.8x
Q3 23	3.5x	46.8x
Q4 23	5.6x	39.0x
Q1 24	5.2x	28.8x
Q2 24	5.7x	42.7x
Q3 24	3.9x	8.5x
Q4 24	3.5x	27.0x
Q1 25	5.0x	—
Q2 25	4.9x	30.8x
Q3 25	5.1x	38.6x
Q4 25	4.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$7M	$7M
Q3 22	$4M	$4M
Q4 22	$4M	$4M
Q1 23	-$2M	-$2M
Q2 23	-$2M	-$2M
Q3 23	-$3M	-$3M
Q4 23	-$2M	-$2M
Q1 24	-$1M	-$1M
Q2 24	$3M	$3M
Q3 24	$3M	$3M
Q4 24	$4M	$4M
Q1 25	$9M	$9M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+188.8%	+354.4%
Q2 23	+292.8%	+302.3%
Q3 23	+128.0%	+149.3%
Q4 23	-92.6%	-356.6%
Q1 24	+19.8%	+6.5%
Q2 24	-20.0%	-6.0%
Q3 24	+617.1%	-23.6%
Q4 24	+351.8%	+140.0%
Q1 25	-94.2%	-25.0%
Q2 25	+3.4%	-100.2%
Q3 25	-5.9%	-12.5%
Q4 25	+111.2%	+268.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$75K	—
Q3 22	$78K	—
Q4 22	$83K	0.4%
Q1 23	$45K	0.3%
Q2 23	$81K	0.6%
Q3 23	$81K	3.5%
Q4 23	$48K	3.2%
Q1 24	$72K	0.5%
Q2 24	$71K	0.6%
Q3 24	$302K	1.8%
Q4 24	-$3K	-0.0%
Q1 25	$203K	22.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$280K
Q2 23	$282K
Q3 23	$272K
Q4 23	$283K
Q1 24	$364K
Q2 24	$524K
Q3 24	$594K
Q4 24	$446K
Q1 25	$520K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$35M	$0	$35M
Q1 23	$37M	$0	$37M
Q2 23	$44M	$0	$44M
Q3 23	$40M	$0	$40M
Q4 23	$39M	$0	$39M
Q1 24	$22M	$0	$22M
Q2 24	$119M	$0	$119M
Q3 24	$26M	$0	$26M
Q4 24	$32M	$0	$32M
Q1 25	$17M	$0	$17M
Q2 25	$37M	$0	$37M
Q3 25	$20M	$0	$20M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	14M	+2.9%
Q2 23	14M	+2.0%
Q3 23	15M	+9.1%
Q4 23	17M	+9.6%
Q1 24	20M	+17.3%
Q2 24	20M	+4.1%
Q3 24	26M	+25.7%
Q4 24	29M	+12.3%
Q1 25	35M	+21.2%
Q2 25	35M	+0.0%
Q3 25	35M	+0.0%
Q4 25	38M	+7.9%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$176K	150
FY 15	$71K	160
FY 16	$164K	160
FY 17	$222K	160
FY 18	$178K	150
FY 19	$419K	150
FY 20	$239K	150
FY 21	$13K	170
FY 22	-$60K	170
FY 23	$326K	170
FY 24	$317K	160
FY 25	$266K	160