Ellington Financial Inc Financials
This page shows Ellington Financial Inc (EFC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Balance-sheet growth funded by large financing inflows, rather than retained cash, is the clearest operating mechanic in these results.
FY2025 net income was$151M , close to FY2024, but operating cash flow deteriorated to-$925M . That gap, alongside financing inflow of$5.1B , suggests reported profit is being shaped far more by a financed balance sheet and portfolio turnover than by cash earnings arriving steadily.
Assets reached
The company paid
Financial Health Signals
Ellington Financial Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Ellington Financial Inc passes 1 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Ellington Financial Inc used $6.14 of operating cash (-$925.5M OCF vs $150.8M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Ellington Financial Inc reported $150.8M in net income in fiscal year 2025. This represents an increase of 1.8% from the prior year.
Ellington Financial Inc earned $1.19 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 12.5% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Ellington Financial Inc held $201.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Ellington Financial Inc paid $1.56 per share in dividends in fiscal year 2025. This represents a decrease of 2.5% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Ellington Financial Inc's ROE was 8.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Ellington Financial Inc repurchased no shares in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
EFC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1.2M-31.3% | $1.7M+31.6% | $1.3M+5.9% | $1.2M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $43.1M+22.6% | $35.2M-1.7% | $35.8M-46.0% | $66.2M+12.6% | $58.8M+18.3% | $49.7M+105.3% | $24.2M-45.9% | $44.7M |
| Interest Expense | N/A | $304.5M+8.9% | $279.6M+6.5% | $262.5M+85.1% | $141.8M+222.0% | $44.0M-28.6% | $61.7M-21.4% | $78.5M+38.4% | $56.7M+82.2% | $31.1M+90.8% | $16.3M+34.6% | $12.1M+22.0% | $9.9M-10.0% | $11.0M+41.4% | $7.8M+17.3% | $6.6M |
| Income Tax | N/A | $3.8M+519.6% | $612K+33.9% | $457K+102.6% | -$17.7M-663.5% | $3.1M-72.4% | $11.4M+630.2% | $1.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | $150.8M+1.8% | $148.1M+168395.3% | $88K+100.1% | -$70.9M-150.4% | $140.6M+715.1% | $17.2M-69.5% | $56.5M+21.0% | $46.7M+37.4% | $34.0M+312.3% | -$16.0M-142.0% | $38.1M-35.6% | $59.2M-24.7% | $78.5M-19.2% | $97.1M+840.7% | $10.3M |
| EPS (Diluted) | — | $1.19-12.5% | $1.36 | $0.89 | -$1.43-155.4% | $2.58+561.5% | $0.39-77.8% | $1.76+15.8% | $1.52+46.2% | $1.04+316.7% | -$0.48-142.5% | $1.13-45.9% | $2.09-36.3% | $3.28-38.2% | $5.31+770.5% | $0.61 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
EFC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $19.4B+18.6% | $16.3B+6.5% | $15.3B+8.7% | $14.1B+172.1% | $5.2B+51.7% | $3.4B-21.3% | $4.3B+9.2% | $4.0B+32.7% | $3.0B+24.0% | $2.4B-19.3% | $3.0B-24.2% | $3.9B+32.6% | $3.0B+38.2% | $2.2B+9.4% | $2.0B |
| Cash & Equivalents | $201.9M+4.9% | $192.4M-16.0% | $228.9M+5.5% | $217.1M+134.2% | $92.7M-17.0% | $111.6M+54.4% | $72.3M+61.9% | $44.7M-5.5% | $47.2M-61.7% | $123.3M-33.0% | $183.9M+61.1% | $114.1M-37.8% | $183.5M+210.6% | $59.1M-5.8% | $62.7M |
| Total Liabilities | $17.5B+18.7% | $14.7B+6.9% | $13.8B+7.1% | $12.9B+233.8% | $3.9B+54.6% | $2.5B-28.2% | $3.5B+2.8% | $3.4B+42.3% | $2.4B+34.2% | $1.8B-21.5% | $2.3B-28.6% | $3.2B+34.4% | $2.3B+42.7% | $1.6B+3.0% | $1.6B |
| Long-Term Debt | N/A | N/A | N/A | $0-100.0% | $85.8M+0.3% | $85.6M+0.3% | $85.3M+0.3% | $85.0M+0.3% | $84.8M | $0 | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.8B+16.8% | $1.6B+3.5% | $1.5B+26.8% | $1.2B-7.4% | $1.3B+45.9% | $885.2M+6.7% | $829.3M+47.1% | $563.8M-6.0% | $600.1M-5.9% | $637.7M-12.9% | $732.0M-6.4% | $782.2M+26.1% | $620.4M+22.5% | $506.4M+36.5% | $370.9M |
| Retained Earnings | -$413.0M-10.1% | -$375.1M-6.2% | -$353.4M-21.5% | -$290.9M-199.0% | -$97.3M+31.3% | -$141.5M-36.7% | -$103.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities.
EFC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$617.6M | -$925.5M-115.0% | -$430.5M-78.0% | -$241.9M-666.6% | $42.7M-16.8% | $51.3M-57.1% | $119.5M+50.8% | $79.2M+116.0% | -$494.2M-6.7% | -$462.9M-764.2% | $69.7M-89.3% | $654.2M+208.3% | -$604.2M-147.2% | -$244.4M-375.5% | -$51.4M-8.3% | -$47.5M |
| Investing Cash Flow | -$7.1B | -$4.1B-458.3% | -$728.3M-516.4% | $174.9M+110.0% | -$1.8B+13.5% | -$2.0B-499.3% | $507.3M+130.5% | -$1.7B | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $7.8B | $5.1B+350.3% | $1.1B+1403.7% | $75.6M-95.9% | $1.8B-5.9% | $2.0B+432.8% | -$587.4M-136.4% | $1.6B+228.0% | $491.6M+27.1% | $386.7M+396.7% | -$130.3M+77.7% | -$584.5M-209.3% | $534.8M+45.0% | $368.8M+672.4% | $47.7M-35.8% | $74.4M |
| Dividends Paid | $195.3M | $183.6M+12.3% | $163.5M+9.6% | $149.3M+21.3% | $123.1M+43.6% | $85.7M+31.8% | $65.0M+19.7% | $54.3M+7.0% | $50.7M-12.0% | $57.6M-11.5% | $65.1M-21.9% | $83.5M-3.5% | $86.4M-6.1% | $92.1M+94.2% | $47.4M+11.9% | $42.4M |
| Share Buybacks | N/A | $0-100.0% | $685K-94.5% | $12.4M+644.5% | $1.7M | $0-100.0% | $3.1M+290.8% | $782K-96.6% | $23.1M+58.0% | $14.6M+4.4% | $14.0M+148.8% | $5.6M | $0 | $0-100.0% | $3.4M+226.4% | $1.1M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
EFC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity | 8.2%-1.2pp | 9.4%+9.4pp | 0.0%+5.9pp | -5.9%-16.8pp | 10.9%+8.9pp | 1.9%-4.9pp | 6.8%-1.5pp | 8.3%+2.6pp | 5.7%+8.2pp | -2.5%-7.7pp | 5.2%-2.4pp | 7.6%-5.1pp | 12.7%-6.5pp | 19.2%+16.4pp | 2.8% |
| Return on Assets | 0.8%-0.1pp | 0.9%+0.9pp | 0.0%+0.5pp | -0.5%-3.2pp | 2.7%+2.2pp | 0.5%-0.8pp | 1.3%+0.1pp | 1.2%0.0pp | 1.1%+1.8pp | -0.7%-1.9pp | 1.3%-0.2pp | 1.5%-1.1pp | 2.6%-1.9pp | 4.5%+4.0pp | 0.5% |
| Debt-to-Equity | 9.53+0.2x | 9.38+0.3x | 9.08+9.1x | 0.00-0.1x | 0.070.0x | 0.100.0x | 0.100.0x | 0.150.0x | 0.14+0.1x | 0.00-3.1x | 3.08-1.0x | 4.04+0.2x | 3.79+0.5x | 3.25-1.1x | 4.31 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, FCF Margin.
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Where Ellington Financial Inc Ranks
Frequently Asked Questions
Is Ellington Financial Inc profitable?
Yes, Ellington Financial Inc (EFC) reported a net income of $150.8M in fiscal year 2025.
Does Ellington Financial Inc pay dividends?
Yes, Ellington Financial Inc (EFC) paid $1.56 per share in dividends during fiscal year 2025.
What is Ellington Financial Inc's return on equity (ROE)?
Ellington Financial Inc (EFC) has a return on equity of 8.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ellington Financial Inc's operating cash flow?
Ellington Financial Inc (EFC) recorded an outflow of $925.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Ellington Financial Inc's total assets?
Ellington Financial Inc (EFC) had $19.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Ellington Financial Inc's debt-to-equity ratio?
Ellington Financial Inc (EFC) had a debt-to-equity ratio of 9.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ellington Financial Inc's return on assets (ROA)?
Ellington Financial Inc (EFC) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ellington Financial Inc's cash runway?
Based on fiscal year 2025 data, Ellington Financial Inc (EFC) had $201.9M in cash against an annual operating cash burn of $925.5M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Ellington Financial Inc's Piotroski F-Score?
Ellington Financial Inc (EFC) has a Piotroski F-Score of 1 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ellington Financial Inc's earnings high quality?
For every $1 of reported earnings, Ellington Financial Inc (EFC) used $6.14 of operating cash (-$925.5M OCF vs $150.8M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.