EARN - NYSE
Ellington Credit Company
$4.65
-0.75%Ellington 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.
At a Glance
Live SnapshotEllington Credit Company Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
Ellington Credit Company Income Statement
EARN • NYSE
| Ellington Credit Company Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||
42.6M | 50.7M | 55.4M | -10.3M | 2.2M | 35.9M | 27.5M | -5.8M | 16.5M | 16.9M | 5.2M | 21.9M | 2.4M | 956K | |
GROSS PROFIT | ||||||||||||||
(6.2M) | (34.8M) | (45.3M) | (14.8M) | (2.7M) | (10M) | (1.3M) | (1.2M) | (1.2M) | (1.6M) | (1.8M) | (2.5M) | (0.0) | (0.0) | |
36.4M | 15.9M | 10.1M | -25.1M | -557K | 25.9M | 26.2M | -7M | 15.3M | 15.3M | 3.4M | 19.4M | 2.4M | 956K | |
OPERATING INCOME | ||||||||||||||
(44.8M) | (8.8M) | (5.5M) | (5.1M) | (5.8M) | (5.8M) | -5.3M | (3.4M) | (3.8M) | (2.7M) | (2.9M) | (2.3M) | (2.1M) | (3.1M) | |
(520K) | (1.9M) | (1.1M) | (1.1M) | (1.1M) | (3.3M) | (3.2M) | (3.4M) | (3.8M) | (2.7M) | (2.9M) | (2.3M) | (2.1M) | (3.3M) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (3.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-8.4M | 7.1M | 4.6M | -30.2M | -6.3M | 20.1M | 22.3M | 21.2M | 28.2M | 21.9M | 39.5M | 38.8M | 1.1M | -2.5M | |
PRE-TAX INCOME | ||||||||||||||
(10.5M) | (34.8M) | (45.3M) | (14.8M) | (2.7M) | (10M) | (35.3M) | (32.5M) | (19M) | (9.3M) | (6.2M) | (4.5M) | (3.1M) | (0.0) | |
32.8M | 15.1M | -2.7M | 20.2M | 25.6M | 17.4M | 8.6M | 22M | 30.1M | 24.2M | 34.5M | 42.3M | 24.8M | 0.0 | |
(44.3M) | (6.9M) | (4.4M) | (4M) | (4.7M) | (2.5M) | -8.5M | -32.5M | -19M | -9.3M | -18.3M | (0.0) | (0.0) | (0.0) | |
-6M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -29.9M | 1.6M | 1.5M | -39.5M | -22.7M | -3.1M | 2M | |
-14.5M | 7.1M | 4.6M | -30.2M | -6.3M | 20.1M | 22.3M | -11.3M | 10.8M | 11.9M | 30K | 16.2M | -1.9M | -2.1M | |
NET INCOME | ||||||||||||||
-6K | (510K) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (21.1M) | (28.2M) | (21.9M) | (0.0) | (0.0) | (0.0) | (348K) | |
-14.5M | 6.6M | 4.6M | -30.2M | -6.3M | 20.1M | 22.3M | -11.3M | 10.8M | 11.9M | 30K | 16.2M | -1.9M | -2.1M |
SEC Filings
EARN - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 20, 2026 | May 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 11, 2026 | May 07, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | May 05, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 08, 2026 | April 07, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 31, 2026 | March 30, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 26, 2026 | March 25, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 09, 2026 | March 09, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 04, 2026 | March 04, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 09, 2026 | February 09, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 09, 2026 | January 08, 2026 | 2026 |
Related Guides
Continue your EARN research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.