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

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

EFC-PDEllington Financial Inc.

Mkt Cap$2B

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

Revenue (TTM)$190M

Net Income (TTM)$140M

EPS (TTM)$1.33

Free Cash Flow (TTM)$0

Gross Margin139.6%

Op. Margin49.1%

Net Margin73.6%

FCF Margin0.0%

P/S Ratio (TTM)13.1x

P/E Ratio (TTM)17.8x

YoY Rev Growth-43.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$74M	$60M	-$16M
Q2 23	$54M	$39M	$9M
Q3 23	$49M	$34M	$9M
Q4 23	$85M	$70M	$59M
Q1 24	$123M	$104M	$104M
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	$77M	$77M	$26M
Q4 25	-$45M	$30M	$1M

Valuation

Quarter	P/S	P/E
Q1 23	22.7x	225.4x
Q2 23	12.4x	29.4x
Q3 23	10.2x	24.6x
Q4 23	9.5x	29.7x
Q1 24	8.0x	33.9x
Q2 24	7.3x	20.1x
Q3 24	7.1x	18.6x
Q4 24	7.4x	17.1x
Q1 25	8.8x	16.5x
Q2 25	8.7x	17.6x
Q3 25	8.3x	16.1x
Q4 25	13.1x	17.8x

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	-$32M	-$32M
Q2 24	$39M	$39M
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%	+271.1%
Q2 23	+247.5%	+26.9%
Q3 23	+686.0%	+730.8%
Q4 23	+27.6%	+153.0%
Q1 24	+65.3%	-79.5%
Q2 24	+56.9%	-18.2%
Q3 24	+24.8%	+12.6%
Q4 24	-22.1%	+80.5%
Q1 25	-41.1%	+124.6%
Q2 25	+1.1%	+36.6%
Q3 25	+25.7%	+13.2%
Q4 25	-168.4%	-200.8%

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	0.4%
Q1 24	$300K	0.2%
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	—

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$13M	—
Q2 23	$18M	—
Q3 23	$15M	—
Q4 23	$24M	—
Q1 24	$9M	$15M
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	$175M	$0	$175M
Q4 23	$229M	$0	$229M
Q1 24	$187M	$0	$187M
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	86M	+0.0%
Q1 25	86M	+0.0%
Q2 25	96M	+11.6%
Q3 25	102M	+6.0%
Q4 25	108M	+6.8%

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	$208K	150
FY 21	$717K	170
FY 22	$254K	170
FY 23	$1M	170
FY 24	$2M	160
FY 25	$380K	500