SequelSEC

Ellington Credit Co EARN

Real Estate Investment Trusts · CIK 0001560672 · Fiscal year ends 0331

AnnualQuarterlyTTM
Revenue
Unavailable
Fiscal year ended 2024-12-31
Operating income
Unavailable
Fiscal year ended 2024-12-31
Free cash flow
Unavailable
Fiscal year ended 2024-12-31

Valuation, from the filing

Public float$143.83MMarket value of stock held by non-affiliates, as stated on the cover page for 2024-06-30
Float per share$3.83Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income21.8×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.7×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2024-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2024-12-31 — the year that filing covered.

Valuation over time

21.8× earnings today, against a median of 12.8× across 7 years on record. Above its own history.

Float measuredPublic floatFloat / net income
2024-06-30$143.83M21.8×
2023-06-30$100.81M22.1×
2020-06-30$89.26M4.4×
2019-06-28$97.22M4.4×
2017-06-30$137.87M12.8×
2016-06-30$80.56M6.8×
2015-06-30$92.03M3067.8×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Real Estate Investment Trusts filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Effective tax rate7.2%82th

Ellington Credit Co (EARN) reported net income of -$2.00M for the fiscal year ended 2024-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Ellington Credit Co’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.

Income

Ellington Credit Co income by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-30
RevenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income-$2.00M$5.44MUnavailableUnavailable$12.44M-$11.42MUnavailableUnavailable$11.68MUnavailable
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Pretax income-$2.19M$5.91MUnavailableUnavailable$12.44M-$11.42MUnavailableUnavailableUnavailableUnavailable
Income tax expense-$181.00K$463.00KUnavailableUnavailable$0$0UnavailableUnavailableUnavailableUnavailable
Diluted EPSUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Ellington Credit Co balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-30
Cash & equivalents$31.84M$25.75MUnavailableUnavailable$38.53M$40.00MUnavailableUnavailable$34.82MUnavailable
Total assets$824.09M$752.30MUnavailableUnavailable$945.69M$1.06BUnavailableUnavailable$1.05BUnavailable
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$630.37M$560.67MUnavailableUnavailable$809.45M$952.98MUnavailableUnavailable$941.22MUnavailable
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$193.73M$191.63MUnavailableUnavailable$136.24M$111.46MUnavailableUnavailable$112.41MUnavailable
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

Ellington Credit Co cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-30
Operating cash flow$4.41M$3.24MUnavailableUnavailable-$2.27M-$3.37MUnavailableUnavailable$4.21MUnavailable
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$73.98M$46.36MUnavailableUnavailable$35.19M$69.08MUnavailableUnavailable$70.32MUnavailable
Financing cash flow$75.67M-$142.61MUnavailableUnavailable-$34.38M-$69.43MUnavailableUnavailable-$65.12MUnavailable
Net change in cash$6.09M-$93.02MUnavailableUnavailable-$1.46M-$3.72MUnavailableUnavailable$9.41MUnavailable
Stock-based compensation-$3.00K$302.00KUnavailableUnavailable$48.00K$81.00KUnavailableUnavailable$83.00KUnavailable
Common dividends paid$6.84M$5.88MUnavailableUnavailable$3.91M$3.62MUnavailableUnavailable$3.18MUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailable$0$0UnavailableUnavailable$0Unavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

Ellington Credit Co derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-30
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growthUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailable7.8%UnavailableUnavailable0.0%UnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open EARN in the interactive workspace to inspect any figure back to its filing.

Source filings

10-K · Filed 2025-06-23View SEC filing
10-K · Filed 2025-03-31View SEC filing
10-Q · Filed 2024-11-14View SEC filing
10-Q · Filed 2024-08-14View SEC filing
10-Q · Filed 2024-05-15View SEC filing
10-K · Filed 2024-03-12View SEC filing

Companies in the same industry

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Reconciliation checks needing review

20 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2024-06-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2024-06-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-03-31

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2024-03-31

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2023-06-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2023-06-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2023-03-31

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2023-03-31

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2022-09-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2022-09-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2022-06-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2022-06-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.