Ellington Financial (EFC) Operating Expenses (2010 - 2026)
Ellington Financial (EFC) posted Operating Expenses of $80.4 million for Q1 2026, up 10.9% sequentially from $72.5 million in Q4 2025, and up 54.61% YoY from $52.0 million in Q1 2025.
Ellington Financial (EFC) Operating Expenses (2010 - 2026) Analysis & Trends
Ellington Financial has reported Operating Expenses for 17 years, with the latest figure at $80.4 million in Q1 2026.
- Quarterly Operating Expenses rose 54.61% year-over-year to $80.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $266.9 million (up 35.01% YoY) and the FY2025 annual result came in at $238.5 million, up 25.96% from the prior year.
- Operating Expenses improved to $80.4 million in Q1 2026 per EFC's latest filing, from $72.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $80.4 million in Q1 2026 and troughed at $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.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses slumped 32.55% in 2022, then jumped 225.39% in 2023.
- Over 5 years, Operating Expenses stood at $37.8 million in 2022, then soared by 79.01% to $67.7 million in 2023, then declined by 23.5% to $51.8 million in 2024, then jumped by 39.88% to $72.5 million in 2025, then rose by 10.9% to $80.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $80.4 million, $72.5 million, and $57.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 16.21 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 111.00 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 17.16 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 76.02 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 6.76 Mn |
| 10 | Two Harbors Investment | 1.26 Bn | 617.08 Mn | - | 51.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 76.02 Mn |
| 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 |