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

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

EFC-PCEllington Financial Inc.

Mkt Cap$3B

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

Revenue (TTM)$433M

Net Income (TTM)$147M

EPS (TTM)$1.23

Free Cash Flow (TTM)$0

Gross Margin91.3%

Op. Margin54.0%

Net Margin33.9%

FCF Margin0.0%

P/S Ratio (TTM)6.0x

P/E Ratio (TTM)17.6x

YoY Rev Growth+36.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$28M	$15M	$101M
Q2 23	$105M	$91M	$80M
Q3 23	$134M	$77M	$83M
Q4 23	$54M	$27M	$9M
Q1 24	$94M	$75M	$102M
Q2 24	$93M	$93M	$68M
Q3 24	$66M	$66M	$38M
Q4 24	$66M	$133M	$37M
Q1 25	$84M	$84M	$52M
Q2 25	$92M	$92M	$61M
Q3 25	$77M	$77M	$26M
Q4 25	$181M	$144M	$96M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	14.9x	—
Q2 23	8.2x	51.7x
Q3 23	6.7x	28.1x
Q4 23	8.0x	30.7x
Q1 24	6.7x	35.1x
Q2 24	6.9x	20.8x
Q3 24	8.4x	19.2x
Q4 24	8.1x	17.7x
Q1 25	8.4x	17.1x
Q2 25	8.4x	18.2x
Q3 25	8.1x	16.6x
Q4 25	6.0x	17.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$6M	-$6M
Q2 23	$2M	-$43M
Q3 23	-$25M	-$25M
Q4 23	$142M	$142M
Q1 24	-$32M	-$32M
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	$0
Q3 23	$8K
Q4 23	$0
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	-62.8%	-212.5%
Q2 23	+392.7%	+285.8%
Q3 23	+108.0%	+106.6%
Q4 23	-53.1%	+96.3%
Q1 24	+230.7%	+88.4%
Q2 24	-11.3%	+0.8%
Q3 24	-50.5%	-44.7%
Q4 24	+20.4%	-38.1%
Q1 25	-10.7%	+474.9%
Q2 25	-1.5%	+24.2%
Q3 25	+15.8%	+81.0%
Q4 25	+176.5%	+203.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$300K	1.1%
Q2 23	$400K	0.4%
Q3 23	$0	0.0%
Q4 23	$369K	0.7%
Q1 24	$300K	0.3%
Q2 24	$300K	0.3%
Q3 24	$2M	3.6%
Q4 24	-$600K	-0.9%
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	S&M
Q1 23	$9M	$15M
Q2 23	$11M	$15M
Q3 23	$9M	$15M
Q4 23	$13M	$34M
Q1 24	$9M	$15M
Q2 24	$8M	$17M
Q3 24	$9M	$19M
Q4 24	$19M	—
Q1 25	$14M	$17M
Q2 25	$9M	$22M
Q3 25	$21M	—
Q4 25	$3M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$190M	$0	$190M
Q2 23	$196M	$0	$196M
Q3 23	$175M	$175M	$350M
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	85M	+18.2%
Q2 24	86M	+0.7%
Q3 24	86M	+0.0%
Q4 24	92M	+6.6%
Q1 25	92M	+0.0%
Q2 25	96M	+4.7%
Q3 25	102M	+6.0%
Q4 25	108M	+6.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 16	$289K	160
FY 17	$496K	160
FY 18	$1M	150
FY 19	$1M	150
FY 20	$289K	150
FY 21	$1M	170
FY 22	$2M	170
FY 23	$2M	170
FY 24	$2M	160
FY 25	$1M	500