EFC (Ellington Financial Inc.) Stock Financials & Earnings | Market Cap Arena

EFC (Ellington Financial Inc.) Stock Financials & Earnings | Market Cap Arena

EFCEllington Financial Inc.

Mkt Cap$1B

Real Estate·REIT - Mortgage·🇺🇸 United States·NYSE

Revenue (TTM)$463M

Net Income (TTM)$147M

EPS (TTM)$1.19

Free Cash Flow (TTM)$0

Gross Margin86.7%

Op. Margin89.7%

Net Margin31.7%

FCF Margin0.0%

P/S Ratio (TTM)2.6x

P/E Ratio (TTM)8.2x

YoY Rev Growth+64.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$74M	$74M	$41M
Q2 23	$54M	$54M	$17M
Q3 23	$49M	$49M	$14M
Q4 23	$79M	$79M	$17M
Q1 24	$70M	$70M	$32M
Q2 24	$85M	$85M	$48M
Q3 24	$61M	$61M	$16M
Q4 24	$66M	$66M	$20M
Q1 25	$72M	$72M	$31M
Q2 25	$86M	$86M	$35M
Q3 25	$123M	$99M	$99M
Q4 25	$181M	$144M	$250M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	10.9x	—
Q2 23	6.0x	20.2x
Q3 23	4.9x	11.8x
Q4 23	4.7x	14.3x
Q1 24	4.8x	16.3x
Q2 24	4.3x	9.7x
Q3 24	4.1x	9.0x
Q4 24	4.3x	8.2x
Q1 25	4.2x	8.0x
Q2 25	4.2x	8.5x
Q3 25	3.5x	7.7x
Q4 25	2.6x	8.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$49M	-$49M
Q2 23	-$43M	$2M
Q3 23	-$71M	-$25M
Q4 23	$142M	$51M
Q1 24	-$59M	-$59M
Q2 24	-$89M	-$89M
Q3 24	-$142M	-$142M
Q4 24	-$141M	-$141M
Q1 25	-$126M	-$126M
Q2 25	-$211M	-$211M
Q3 25	-$290M	-$290M
Q4 25	$627M	$627M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$26K
Q2 23	$45M
Q3 23	$46M
Q4 23	$92M
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0
Q4 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+910.7%	+115.3%
Q2 23	+247.5%	+313.9%
Q3 23	+686.0%	+228.8%
Q4 23	+18.8%	+229.4%
Q1 24	-6.0%	+15.1%
Q2 24	+56.9%	-1.4%
Q3 24	+24.8%	+29.9%
Q4 24	-16.3%	-26.0%
Q1 25	+3.5%	+9.1%
Q2 25	+1.1%	+36.6%
Q3 25	+101.8%	-46.2%
Q4 25	+174.3%	-249.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$300K	0.4%
Q2 23	$400K	0.7%
Q3 23	$300K	0.6%
Q4 23	$369K	0.5%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$13M
Q2 23	$17M
Q3 23	$15M
Q4 23	$24M
Q1 24	$14M
Q2 24	$15M
Q3 24	$18M
Q4 24	$19M
Q1 25	$17M
Q2 25	$20M
Q3 25	$21M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$189M	$0	$189M
Q2 23	$195M	$0	$195M
Q3 23	$176M	$0	$176M
Q4 23	$229M	$2M	$231M
Q1 24	$187M	$184M	$371M
Q2 24	$199M	$0	$199M
Q3 24	$218M	$0	$218M
Q4 24	$192M	$0	$192M
Q1 25	$203M	$0	$203M
Q2 25	$211M	$0	$211M
Q3 25	$185M	$0	$185M
Q4 25	$202M	$0	$202M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	67M	+8.3%
Q2 23	68M	+0.7%
Q3 23	69M	+0.9%
Q4 23	72M	+5.1%
Q1 24	84M	+17.1%
Q2 24	85M	+0.7%
Q3 24	88M	+3.5%
Q4 24	89M	+1.4%
Q1 25	92M	+2.7%
Q2 25	96M	+4.7%
Q3 25	102M	+6.0%
Q4 25	99M	-2.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$486K	150
FY 15	$333K	160
FY 16	$15K	160
FY 17	$67K	160
FY 18	$512K	150
FY 19	$568K	150
FY 20	$234K	150
FY 21	$1M	170
FY 22	$254K	170
FY 23	$2M	170
FY 24	$2M	160
FY 25	$1M	500