EARN

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Ellington Credit Company

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Key Metrics

Previous Close: $4.41
52-Week Range: $4.25 – $5.89
Market Cap: $167.18M
P/E (TTM): 15.89
EPS (TTM): 0.28
Dividend Yield: 21.92%

Advanced Metrics

Price/Book: 1.09
PEG Ratio: —
Return on Equity: -20.32%
Return on Assets: -6.64%
Gross Margin: 100.00%
Operating Margin: 51.56%
Profit Margin: -88.84%
Current Ratio: 0.34
Debt/Equity: 1.45
Total Debt: $223.50M
Free Cash Flow: —
Revenue Growth: —
Earnings Growth: —
Enterprise Value: $329.10M

EARN Income statement, annual periods, in USD
USD	FY2021	FY2022	FY2023	FY2024
Revenue	-$557.00K	-$25.07M	$10.09M	$15.88M
Selling, General & Admin	$1.10M	$1.11M	$1.12M	$1.93M
Pretax Income	-$6.31M	-$30.20M	$4.56M	$7.10M
Income Tax	—	—	$0.00	$510.00K
Net Income	-$6.31M	-$30.20M	$4.56M	$6.59M
Diluted EPS	-0.50	-2.29	0.31	—
Diluted Shares	12.68M	13.16M	14.88M	—

EARN Balance Sheet statement, annual periods, in USD
USD	FY2021	FY2022	FY2023	FY2024
Cash & Equivalents	$69.03M	$34.82M	$38.53M	$31.84M
Receivables	$93.17M	$55.60M	$58.90M	$43.13M
Total Assets	$1.60B	$1.05B	$945.69M	$824.09M
Total Liabilities	$1.44B	$941.22M	$809.45M	$630.37M
Retained Earnings	-$84.77M	-$128.66M	-$138.65M	-$155.16M
Shareholders' Equity	$154.22M	$112.41M	$136.24M	$193.73M

EARN Cash Flow statement, annual periods, in USD
USD	FY2021	FY2022	FY2023	FY2024
Operating Cash Flow	$27.88M	$22.42M	-$10.02M	$9.11M
Free Cash Flow	$27.88M	$22.42M	-$10.02M	$9.11M
Stock-Based Compensation	$271.00K	$312.00K	$255.00K	$442.00K
Investing Cash Flow	-$15.23M	$110.55M	$85.72M	$116.45M
Financing Cash Flow	-$1.79M	-$167.18M	-$71.98M	-$132.25M
Dividends Paid	-$17.27M	-$13.94M	-$14.12M	-$22.21M
Share Repurchases	$0.00	-$262.00K	$0.00	$0.00
Net Change in Cash	$10.86M	-$34.21M	$3.72M	-$6.69M

EARN Income statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025
Revenue	$83.00K	-$5.29M
Selling, General & Admin	$446.00K	$520.00K
Pretax Income	-$2.19M	-$7.88M
Income Tax	-$181.00K	-$6.00K
Net Income	-$2.00M	-$7.87M
Diluted EPS	-0.07	-0.23
Diluted Shares	28.73M	34.81M

EARN Cash Flow statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025
Operating Cash Flow	$4.41M	$9.21M
Free Cash Flow	$4.41M	$9.21M
Stock-Based Compensation	-$3.00K	$203.00K
Investing Cash Flow	-$73.98M	-$27.14M
Financing Cash Flow	$75.67M	$3.47M
Dividends Paid	-$6.84M	-$8.08M
Share Repurchases	—	-$979.00K
Net Change in Cash	$6.09M	-$14.46M

Market Snapshot

About

Ellington Credit Company is a specialty finance company that invests in corporate credit strategies, with a focus on non-agency residential mortgage-backed securities (RMBS) and other structured credit investments. The company is externally managed by Ellington Global Asset Management, which provides investment advisory and administrative services. EARN seeks to generate attractive risk-adjusted returns through a leveraged portfolio of credit-sensitive fixed income securities. The company is structured as a closed-end fund and trades on the NYSE.