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
DateValue
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