Operating Expenses
Incentive Fee Expense
Year-over-year, this metric grew by 324.0%, from $4.53M to $19.22M. Over 4 years (FY 2021 to FY 2025), Incentive Fee Expense shows a downward trend with a -28.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ1 2026May 11, 2026
How to read this metric
Higher values are generally expected when performance fees are high, indicating a successful alignment of incentives.
Detailed definition
Reflects the variable compensation expenses paid to employees or third parties tied to the performance of specific funds...
Peer comparison
Standard for asset managers; peers report this as 'incentive compensation' or 'performance-related compensation'.
Metric ID:
operating_expenses_incentive_fee_expenseHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $7.16M | $5.26M | $5.30M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.53M | $0.00 | $0.00 | $0.00 | $19.22M |
| QoQ Change | — | -26.6% | +0.9% | -100.0% | — | — | — | — | — | — | — | — | — | — | — | — | -100.0% | — | — | — |
| YoY Change | — | — | — | — | -100.0% | -100.0% | -100.0% | — | — | — | — | — | — | — | — | — | — | — | — | +324.0% |
Range$0.00 – $19.22M
CAGR+23.1%
Avg YoY Growth+6.0%
Median YoY Growth-100.0%
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Corporate Segment and Other Operating Segment | $4.53M | — | — | — | $19.22M |
| Investment Portfolio Segment | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Longbridge Segment | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $4.53M | $0.00 | $0.00 | $0.00 | $19.22M |
Incentive Fee Expense at Other Companies
Frequently Asked Questions
- What is Ellington Financial Inc.'s incentive fee expense?
- Ellington Financial Inc. (EFC) reported incentive fee expense of $19.22M in Q1 2026.
- How has Ellington Financial Inc.'s incentive fee expense changed year-over-year?
- Ellington Financial Inc.'s incentive fee expense increased by 324.0% year-over-year, from $4.53M to $19.22M.
- What is the long-term trend for Ellington Financial Inc.'s incentive fee expense?
- Over 4 years (2021 to 2025), Ellington Financial Inc.'s incentive fee expense has grown at a -28.9% compound annual growth rate (CAGR), from $17.71M to $4.53M.
- What does incentive fee expense mean?
- Variable compensation costs linked to investment performance.