Ellington Financial (EFC) Operating Expenses (2010 - 2026)

Ellington Financial (EFC) reported Operating Expenses of $80.4 million for Q1 2026, up 54.61% on a YoY basis from $52.0 million in Q1 2025, and up 10.9% sequentially from $72.5 million in Q4 2025.

Ellington Financial (EFC) Operating Expenses (2010 - 2026) Analysis & Trends

Ellington Financial (EFC) has 17 years of Operating Expenses data on file, last reported at $80.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 54.61% year-over-year to $80.4 million; the trailing twelve-month figure through Mar 2026 stood at $266.9 million (up 35.01% YoY), and the FY2025 full-year result was $238.5 million, up 25.96% from the prior year.
  • Operating Expenses improved to $80.4 million in Q1 2026, 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.
  • A 5-year average of $45.9 million and a median of $43.7 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses plunged 32.55% in 2022 and surged 225.39% in 2023, its largest moves.
  • Tracing EFC's Operating Expenses over 5 years: stood at $37.8 million in 2022, then soared by 79.01% to $67.7 million in 2023, then decreased by 23.5% to $51.8 million in 2024, then jumped by 39.88% to $72.5 million in 2025, then climbed by 10.9% to $80.4 million in 2026.
  • Business Quant data shows EFC's Operating Expenses at $80.4 million in Q1 2026, $72.5 million in Q4 2025, and $57.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 63.74 Mn
2 AGNC Investment 11.85 Bn 11.36 Bn - 34.00 Mn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 480.31 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 110.77 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 80.37 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - 21.25 Mn
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 17.16 Mn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 49.45 Mn
10 Ladder Capital 1.20 Bn 1.17 Bn - 48.74 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