Ellington Financial Inc. (New York Stock Exchange:EFC)
Insiders here have filed 3 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Keeps a healthy share of every dollar it sells.
- Revenue
- $674.1M
- Net income
- $222.2M
- Net margin
- 33.0%
Heavily indebted for what it earns.
- Total debt
- $18.49B
- Cash
- $247.5M
- Net debt / EBITDA
- 30.99x
Owes more within a year than it holds to pay it.
- Current assets
- $247.5M
- Current liabilities
- $3.06B
- Current ratio
- 0.08
Consumes cash and must keep raising it.
- Operating cash flow
- -$327.1M
- Free cash flow
- -$327.3M
- FCF margin
- -48.5%
Burning cash with under a year of runway — expect a raise.
- Shares outstanding
- 125.6M
- Share growth (1y)
- 31.1%
- Cash runway
- 9 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
EFC Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 174.93 M | 228.80 M | 147.40 M | 123.01 M | 86.27 M | 72.28 M |
| Revenue Growth (YoY) | 102.76 % | 216.53 % | 123.04 % | 101.83 % | 1.08 % | 3.54 % |
| Cost of Revenue | 34.18 M | 26.93 M | 25.13 M | 23.99 M | 0.00 | 0.00 |
| Gross Profit | 140.75 M | 201.87 M | 122.27 M | 99.02 M | 86.27 M | 72.28 M |
| SG&A Expense | 2.92 M | 0.00 | -44.83 M | 20.53 M | 19.96 M | 17.40 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | -4.92 M | 37.83 M | 17.46 M | 151.00 K | 50.80 M | 41.36 M |
| Operating Income | 145.66 M | 164.03 M | 104.81 M | 98.87 M | 35.48 M | 30.92 M |
| Pretax Income | 58.09 M | 108.46 M | 23.97 M | 38.82 M | 52.55 M | 39.23 M |
| Tax Provision | 52.00 K | 966.00 K | 1.35 M | 1.06 M | 1.48 M | -96.00 K |
| Net Income | 58.61 M | 105.32 M | 21.65 M | 36.58 M | 49.96 M | 38.68 M |
| EPS (Basic) | 0.43 | 0.78 | 0.14 | 0.29 | 0.45 | 0.35 |
| EPS (Diluted) | 0.43 | 0.78 | 0.14 | 0.29 | 0.45 | 0.35 |
| Shares Outstanding | 125.64 M | 121.71 M | 99.44 M | 101.59 M | 95.86 M | 91.60 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.