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Ellington Credit Company(EARN)Earnings, Financials & Key Ratios
EARN•NYSE
$4.32
Price updated Jul 7, 2026
AboutEllington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut.Show more
- EBITDA-$8M-219.0%
- Net Income-$14M-319.4%
- EPS (Diluted)-0.38-258.3%
- Gross Margin85.4%+172.5%
- EBITDA Margin-19.83%-241.6%
- Operating Margin-19.83%-241.6%
- Net Margin-33.95%-361.2%
- ROE-8.32%-308.3%
EARN Price & Volume
Ellington Credit Company (EARN) stock price & volume — 10-year historical chart
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Persistent Portfolio Contraction Challenges Earnings Stability Outlook
Investment Thesis • Updated 2025Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Net interest margin compression
Key Thesis Takeaways
- Ellington Credit Company faces significant headwinds as its interest-earning asset base continues to shrink, evidenced by a decline in total assets from $1.1 billion in 2023Q1 to $783.6 million in 2025Q1.
- The firm's reliance on high-leverage repo financing, despite a reduction in the debt-to-equity ratio to 2.26, leaves it vulnerable to ongoing interest rate volatility and margin compression.
- Investors should remain cautious given the persistent negative retained earnings of $171.7 million and the structural difficulty in maintaining dividend payouts amidst erratic cash flow generation.
Verdict Logic
the company's 20.8% dividend yield appears unsustainable given the 2025Q1 net loss of $7.9 million and the ongoing erosion of the asset base.
EARN Growth Metrics
Ellington Credit Company (EARN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years14.07%
5 Years3.47%
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-184.83%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-145.34%
Return on Capital
10 Years1.88%
5 Years-1.55%
3 Years0.93%
Last Year-3.76%
EARN Recent Earnings
Ellington Credit Company (EARN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 19, 2026Metric
Actual
Est
EPS
$0.19-13.6%
$0.22
Rev
$12M+16.7%
$11M
Q2 2026
Mar 4, 2026Metric
Actual
Est
EPS
$0.21-15.9%
$0.25
Rev
$11M-12.5%
$13M
Q4 2025
Nov 19, 2025Metric
Actual
Est
EPS
$0.23+15.0%
$0.20
Rev
$15M+35.1%
$11M
Q3 2025
Aug 19, 2025Metric
Actual
Est
EPS
$0.18-24.6%
$0.24
Rev
$12M-2.3%
$12M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 19, 2026 | $0.19vs $0.22-13.6% | $12Mvs $11M+16.7% |
| Q2 2026 | Mar 4, 2026 | $0.21vs $0.25-15.9% | $11Mvs $13M-12.5% |
| Q4 2025 | Nov 19, 2025 | $0.23vs $0.20+15.0% | $15Mvs $11M+35.1% |
| Q3 2025 | Aug 19, 2025 | $0.18vs $0.24-24.6% | $12Mvs $12M-2.3% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Ellington Credit Company (EARN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.32 | $162.3M | -11.37 | -15.99% | -33.95% | -8.32% | 22.14% | |
| $13.48 | $1.34B | 11.33 | 139.04% | 36.47% | 11.68% | — | |
| $11.12 | $12.76B | 7.56 | -60.79% | 43.6% | 12.7% | — | |
| $22.69 | $16.63B | 7.77 | 5.35% | 31.96% | 14.34% | — | |
| $9.36 | $955.6M | 5.57 | 213.02% | 20.7% | 7.43% | — | |
| $7.71 | $244.68M | 8.57 | 14.4% | 6.82% | 6.11% | — |
Compare EARN vs Peers
Ellington Credit Company (EARN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
EARN SEC Filings & Documents
Ellington Credit Company (EARN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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EARN Frequently Asked Questions
Ellington Credit Company (EARN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Ellington Credit Company's revenue?
Ellington Credit Company (EARN) reported $35.6M in revenue for fiscal year 2025.
How fast is Ellington Credit Company growing?
Ellington Credit Company (EARN) saw revenue decline by 16.0% over the past year.
Is EARN profitable?
Ellington Credit Company (EARN) reported a net loss of $5.2M for fiscal year 2025.
Dividend & Returns
Does EARN pay dividends?
Yes, Ellington Credit Company (EARN) pays a dividend with a yield of 22.14%. This makes it attractive for income-focused investors.
What is EARN's return on equity?
Ellington Credit Company (EARN) has a return on equity (ROE) of -8.3%. Negative ROE indicates the company is unprofitable.
What is Ellington Credit Company's free cash flow?
Ellington Credit Company (EARN) generated $19.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.