Income StatementBalance SheetCash FlowSegments
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Ellington Financial Inc. Business Segments

Business, geographic, and product segment breakdowns

Ellington Financial Inc. generates $528.1M in annual revenue across 3 key segments: Corporate Segment and Other Operating Segment ($19.2M), Investment Portfolio Segment (-), and Longbridge Segment (-). Based on the Q1 2026 filing.

Corporate Segment and Other Operating Segment$19.2MInvestment Portfolio Segment (TTM)-Longbridge Segment (TTM)-
Latest FilingQ1 2026
Report Date2026-05-11
Market Cap$1.7B
P/E Ratio9.33
ROE10.33%

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Percentage of Total Outstanding Unpaid Principal Balance—8.3%0.5%0.0%1.0%9.2%

Business Segments

Base management fee to affiliate (Net of fee rebates of $282 and $59, respectively)(1)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate Segment and Other Operating Segment$5.9M$6.1M$6.3M$6.2M$6.9M$7.1M
Investment Portfolio Segment$0.0$0.0$0.0$0.0$0.0$0.0
Longbridge Segment$0.0$0.0$0.0$0.0$0.0$0.0

Compensation and benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Longbridge Segment$16.5M$13.8M$17.6M$18.6M$20.0M$17.9M
Investment Portfolio Segment$1.9M$2.3M$2.0M$1.8M$2.7M$2.6M
Corporate Segment and Other Operating Segment$299.0K$923.0K$1.7M$1.3M$991.0K$1.3M

Depreciation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Longbridge Segment$313.0K$303.0K$292.0K$286.0K$111.0K$102.0K
Corporate Segment and Other Operating Segment$0.0$0.0$0.0$0.0$0.0$0.0
Investment Portfolio Segment$0.0$0.0$0.0$0.0$0.0$0.0

Dividends on preferred stock

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate Segment and Other Operating Segment$7.4M$7.0M$7.0M$7.1M$7.0M$5.9M
Investment Portfolio Segment$0.0$0.0$0.0$0.0$0.0$0.0
Longbridge Segment$0.0$0.0$0.0$0.0$0.0$0.0

Earnings (losses) from investments in unconsolidated entities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio Segment$10.9M$8.3M$17.1M$13.1M$18.2M$17.6M
Corporate Segment and Other Operating Segment$0.0$0.0$0.0$0.0$0.0$0.0
Longbridge Segment$0.0$0.0$0.0$0.0$0.0$0.0

Incentive Fee Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate Segment and Other Operating Segment—$4.5M———$19.2M
Investment Portfolio Segment—$0.0$0.0$0.0$0.0$0.0
Longbridge Segment—$0.0$0.0$0.0$0.0$0.0

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio Segment$14.8M$49.1M$40.4M$34.6M$24.8M$60.0M
Longbridge Segment$26.8M-$995.0K$10.7M$8.6M$16.4M$57.5M
Corporate Segment and Other Operating Segment-$21.4M-$17.2M-$15.6M-$17.5M-$35.4M-$26.6M

Income tax expense (benefit)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate Segment and Other Operating Segment$398.0K-$96.0K$1.5M$1.1M$1.4M$966.0K
Investment Portfolio Segment$0.0$0.0$0.0$0.0$0.0$0.0
Longbridge Segment$0.0$0.0$0.0$0.0$0.0$0.0

Interest Expense, Operating and Nonoperating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio Segment$49.9M$51.6M$48.8M$46.6M$49.5M$48.1M
Longbridge Segment$14.2M$16.6M$19.3M$22.6M$26.1M$28.8M
Corporate Segment and Other Operating Segment$4.6M$4.5M$4.0M$4.0M$11.0M$11.4M

Interest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio Segment$87.0M$93.3M$89.7M$90.8M$101.9M$107.2M
Longbridge Segment$18.1M$20.9M$24.1M$30.5M$36.5M$41.0M
Corporate Segment and Other Operating Segment$1.7M$1.7M$1.7M$1.6M$1.8M$1.3M

Investment related expenses—Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Longbridge Segment$7.3M$5.4M$7.5M$6.4M$10.9M$9.8M
Investment Portfolio Segment$3.4M$1.3M$3.9M$4.2M$6.7M$2.3M
Corporate Segment and Other Operating Segment$0.0$0.0$0.0$0.0$6.0M$0.0

Total Liabilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Longbridge Segment$10.3B$10.7B$11.3B$11.9B$12.5B$13.1B
Investment Portfolio Segment$4.1B$3.9B$3.8B$3.9B$4.2B$4.4B
Corporate Segment and Other Operating Segment$379.3M$340.1M$315.8M$331.5M$752.7M$774.1M

Net income (loss) attributable to non-controlling interests

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio Segment$326.0K$316.0K$602.0K$846.0K$805.0K$1.2M
Corporate Segment and Other Operating Segment$219.0K$324.0K$512.0K$334.0K$161.0K$1.0M
Longbridge Segment$1.0K$0.0$0.0$0.0$0.0$0.0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio Segment$25.7M$57.4M$57.4M$47.7M$43.0M$77.6M
Longbridge Segment$26.8M-$995.0K$10.7M$8.6M$16.4M$57.5M
Corporate Segment and Other Operating Segment-$29.8M-$24.4M-$24.6M-$26.0M-$43.9M-$38.4M

Noninterest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Longbridge Segment$57.9M$26.3M$44.0M$38.5M$49.9M$87.0M
Corporate Segment and Other Operating Segment-$8.5M$928.0K-$1.8M-$3.3M-$8.6M$15.5M
Investment Portfolio Segment—$12.4M$7.0M-$2.1M—$7.5M

Segment Reporting, Other Segment Item, Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Longbridge Segment$6.2M$7.0M$7.3M$7.0M$7.5M$8.0M
Corporate Segment and Other Operating Segment$4.0M$3.8M$3.5M$4.3M$3.8M$4.4M
Investment Portfolio Segment$0.0$0.0$0.0$0.0$0.0$0.0

Servicing expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Longbridge Segment$5.0M$5.5M$5.7M$5.7M$5.6M$6.0M
Investment Portfolio Segment$1.4M$1.6M$1.5M$1.5M$1.5M$1.8M
Corporate Segment and Other Operating Segment$0.0$0.0$0.0$0.0$0.0$0.0

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Longbridge Segment$10.5B$11.0B$11.5B$12.1B$12.8B$13.4B
Investment Portfolio Segment$5.6B$5.4B$5.3B$5.5B$6.4B$6.6B
Corporate Segment and Other Operating Segment$194.5M$216.7M$227.7M$188.7M$188.4M$157.3M

Total Equity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio Segment$1.6B$1.5B$1.5B$1.6B$2.2B$2.2B
Corporate Segment and Other Operating Segment-$184.9M-$123.4M-$88.2M-$142.8M-$564.3M-$616.8M
Longbridge Segment$223.7M$236.8M$231.1M$292.1M$282.3M$368.5M