Discontinued — last reported Q3 '24
Longbridge Segment — Operating Expenses
Ellington Financial Inc. Longbridge Segment — Operating Expenses increased by 26.1% to $33.81M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 33.5%, from $25.32M to $33.81M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in operating expenses relative to revenue may indicate declining operational efficiency or rising costs associated with scaling the segment's activities, while a decrease suggests improved cost management or economies of scale.
Detailed definition
This metric represents the total costs incurred by the Longbridge segment to conduct its day-to-day business operations,...
Peer comparison
Comparable to 'Segment Operating Expenses' or 'Non-Interest Expenses' reported by other specialty finance or mortgage servicing companies, often benchmarked against segment revenue to determine operating margins.
efc_segment_longbridge_segment_operating_expensesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$5.92M | -$5.92M | -$5.92M | -$5.92M | $25.45M | $25.82M | $25.32M | $25.33M | $29.10M | $26.81M | $33.81M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +530.0% | +1.5% | -1.9% | +0.0% | +14.9% | -7.9% | +26.1% |
| YoY Change | — | — | — | — | +530.0% | +536.2% | +527.8% | +527.9% | +14.4% | +3.8% | +33.5% |
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Frequently Asked Questions
- What is Ellington Financial Inc.'s longbridge segment — operating expenses?
- Ellington Financial Inc. (EFC) reported longbridge segment — operating expenses of $33.81M in Q3 2024.
- How has Ellington Financial Inc.'s longbridge segment — operating expenses changed year-over-year?
- Ellington Financial Inc.'s longbridge segment — operating expenses increased by 33.5% year-over-year, from $25.32M to $33.81M.
- What does longbridge segment — operating expenses mean?
- The total non-interest costs required to run the daily operations of the Longbridge business segment.