Ellington Financial (EFC-PD) Operating Expenses (2010 - 2026)
Ellington Financial's (EFC-PD) quarterly Operating Expenses came in at $80.4 million in Q1 2026, up 54.61% year-on-year from $52.0 million in Q1 2025, and up 10.9% quarter-over-quarter from $72.5 million in Q4 2025.
Ellington Financial (EFC-PD) Operating Expenses (2010 - 2026) Analysis & Trends
Ellington Financial has disclosed Operating Expenses across 17 years of filings, most recently posting $80.4 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $80.4 million, up 54.61% year-over-year; the trailing twelve-month figure through Mar 2026 was $266.9 million (up 35.01% YoY), and the FY2025 annual result was $238.5 million, up 25.96% from the prior year.
- Operating Expenses came in at $80.4 million for Q1 2026 at Ellington Financial, up from $72.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $80.4 million in Q1 2026 to a low of $13.1 million in Q2 2022.
- The 5-year median for Operating Expenses is $43.7 million (2024), against an average of $45.9 million.
- Across the five-year window, Operating Expenses slumped 32.55% in 2022 and surged 225.39% in 2023, its largest moves.
- Ellington Financial's Operating Expenses stood at $37.8 million in 2022, then jumped by 79.01% to $67.7 million in 2023, then slipped by 23.5% to $51.8 million in 2024, then surged by 39.88% to $72.5 million in 2025, then grew by 10.9% to $80.4 million in 2026.
- The last three Operating Expenses figures came in at $80.4 million (Q1 2026), $72.5 million (Q4 2025), and $57.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 63.74 Mn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 34.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 480.31 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 1.24 Bn |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 110.77 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 21.25 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | 15.35 Mn |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 80.37 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 49.45 Mn |
| 10 | Ellington Financial | - | - | - | 80.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 80.37 Mn |
| Dec 31, 2025 | 72.48 Mn |
| Sep 30, 2025 | 57.01 Mn |
| Jun 30, 2025 | 57.07 Mn |
| Mar 31, 2025 | 51.98 Mn |
| Dec 31, 2024 | 51.81 Mn |
| Sep 30, 2024 | 50.92 Mn |
| Jun 30, 2024 | 42.99 Mn |
| Mar 31, 2024 | 43.66 Mn |
| Dec 31, 2023 | 67.72 Mn |
| Sep 30, 2023 | 39.45 Mn |
| Jun 30, 2023 | 42.63 Mn |
| Mar 31, 2023 | 37.90 Mn |
| Dec 31, 2022 | 37.83 Mn |
| Sep 30, 2022 | 14.46 Mn |
| Jun 30, 2022 | 13.10 Mn |
| Mar 31, 2022 | 19.57 Mn |
| Dec 31, 2021 | 17.44 Mn |
| Sep 30, 2021 | 16.25 Mn |
| Jun 30, 2021 | 19.43 Mn |