Get started

Financials · EARN

Ellington Credit Company (EARN) financials

For the twelve months ended Mar 31, 2025, Ellington Credit Company reported $54.95M of revenue and -$5.25M of net income.

Revenue, TTM
$54.95M
Revenue growth, YoY
+26.1%
Net income, TTM
-$5.25M
Net margin
-9.5%
Cash
$17.38M
P/S
2.24
Market cap
$123.2M
Annual revenue$49.86M
FY2015FY2024
Annual net income$6.59M
FY2015FY2024

EARN revenue and earnings growth

EARN revenueQ1 2025$15.46M

Quarter YoY
+49.0%
QoQ
+20.3%
FY YoY
+17.2%
5Y CAGR
+2.6%
10Y CAGR
+0.6%

EARN revenue was $15.46M in fiscal Q1 2025 (ended Mar 31, 2025), up 49.0% from a year earlier and up 20.3% from the prior quarter. For the full fiscal 2024 it was $49.86M, up 17.2% from fiscal 2023. Compound annual growth was +2.6% over 5 years and +0.6% over 10 years. It rose in 6 of the last 10 fiscal years.

EARN net incomeQ1 2025-$7.87M

FY YoY
+44.5%
5Y CAGR
-21.6%
10Y CAGR
-8.6%

EARN net income was -$7.87M in fiscal Q1 2025 (ended Mar 31, 2025), compared with $3.96M a year earlier. For the full fiscal 2024 it was $6.59M, up 44.5% from fiscal 2023. Compound annual growth was -21.6% over 5 years and -8.6% over 10 years.

Export CSV

Income statement

Income statement
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Revenue$49.86M$42.55M$35.01M$28.36M$27.32M$43.85M$54.55M$49.19M$33.50M$40.75M
Interest expense$34.79M$45.26M$14.82M-------
Pre-tax income$7.10M$4.56M--------
Income tax$510.0K$0--------
Net income$6.59M$4.56M-$30.20M-$6.31M$20.11M$22.26M-$11.29M$10.79M$11.91M$30.0K
EPS, basic$0.28$0.31-$2.29-$0.50$1.63$1.79-$0.88$0.93$1.31$0.00

Balance sheet

Balance sheet
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Cash and equivalents$31.84M$38.53M$34.82M$69.03M$58.17M$35.35M$18.59M$56.12M$33.50M$40.17M
Total assets$824.09M$945.69M$1.05B$1.60B$1.19B$1.49B$1.68B$1.89B$1.43B$1.56B
Total liabilities$630.37M$809.45M$941.22M$1.44B$1.03B$1.33B$1.52B$1.69B$1.29B$1.41B
Shareholders' equity$193.73M$136.24M$112.41M$154.22M$166.40M$160.84M$153.82M$192.70M$141.68M$144.85M

Cash flow

Cash flow
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Operating cash flow$9.11M-$10.02M$22.42M$27.88M$24.37M$17.53M$28.85M$34.41M$19.93M$24.80M
Investing cash flow$116.45M$85.72M$110.55M-$15.23M$304.06M$221.85M$62.83M-$475.52M$13.86M$90.07M
Financing cash flow-$132.25M-$71.98M-$167.18M-$1.79M-$305.61M-$222.62M-$129.21M$463.72M-$40.45M-$119.94M
Dividends paid$22.21M$14.12M$13.94M$17.27M$13.84M$15.47M$19.09M$17.59M$15.51M$19.21M
Share repurchases$0$0$262.0K$0$986.0K$747.0K$9.39M$0$196.0K$375.0K
Stock-based compensation$442.0K$255.0K$312.0K$271.0K$241.0K$216.0K$203.0K$196.0K$165.0K$120.0K

Key ratios

Key ratios
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Revenue growth, YoY17.2%21.5%23.4%3.8%-37.7%-19.6%10.9%46.8%-17.8%-13.0%
Net income growth, YoY44.5%----9.6%---9.4%39586.7%-99.8%
Net margin13.2%10.7%-86.3%-22.2%73.6%50.8%-20.7%21.9%35.5%0.1%
Return on equity3.4%3.3%-26.9%-4.1%12.1%13.8%-7.3%5.6%8.4%0.0%
Return on assets0.8%0.5%-2.9%-0.4%1.7%1.5%-0.7%0.6%0.8%0.0%

Source: XBRL data Ellington Credit Company files with the SEC, latest filing dated Jun 23, 2025 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

EARN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
EARN$54.95M+26.1%-$5.25M-9.5%$123.2M
ARR---$52.08M-$1.87B
EFC$490.36M+48.5%$220.58M45.0%$1.45B
CIM$891.93M+12.4%-$170.44M-19.1%$611.5M

EARN FAQ

6 questions
  • What is EARN revenue?
    Ellington Credit Company (EARN) reported $54.95M of revenue for the twelve months ended Mar 31, 2025. That is up 26.1% from the year before. Revenue for fiscal 2024 was $49.86M.
  • Is EARN profitable?
    No. Ellington Credit Company reported a net loss of $5.25M for the twelve months ended Mar 31, 2025.
  • How much cash and debt does EARN have?
    Ellington Credit Company reported $17.38M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is EARN revenue growing?
    Ellington Credit Company's revenue changed +17.2% in fiscal 2024, to $49.86M. Its compound annual growth rate was +2.6% over 5 years and +0.6% over 10 years.
  • When did EARN last report financial results?
    The latest statements here come from Ellington Credit Company's 10-K filed on Jun 23, 2025, covering the period ended Mar 31, 2025.
  • Where does this EARN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ellington Credit Company files with the SEC. It is provided for information only and is not investment advice.