Other Income & Expense

Ellington Financial Inc.·Income Statement·13 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Net change from HECM reverse mortgage loans, at fair value	$146.7M	$158.6M	$126.3M	$177M	$168.8M	$206M	$156.5M	$235M
Net change related to HMBS obligations, at fair value	-$127.7M	-$133.8M	-$106.2M	-$147.5M	-$142.2M	-$171M	-$124.6M	-$194.1M
Interest expense	$66.9M	$73.7M	$68.6M	$72.7M	$72.1M	$73.1M	$86.6M	$88.2M
Unrealized gains (losses) on unsecured borrowings, at fair value, net	$1.9M	-$9.1M	-$3.8M	$1M	-$1.7M	-$2.9M	-$7.9M	$21.2M
Unrealized gains (losses) on securities and loans, net	$40.3M	$126.9M	—	$46.1M	$59.8M	$24.4M	$3.7M	-$19.6M
Realized gains (losses) on financial derivatives, net	$6.3M	-$41.6M	—	$11.6M	-$519K	-$8.3M	-$8.5M	$19.2M
Realized gains (losses) on securities and loans, net	-$23M	-$12.2M	$0	-$8.8M	$6.9M	$9.3M	$4.3M	$14.7M
Unrealized gains (losses) on other secured borrowings, at fair value, net	-$1.5M	-$56.2M	—	-$31.4M	-$25.8M	-$21.1M	-$14.4M	$7M
Other income (expense), net	$7.7M	$1.6M	$11.8M	$24.3M	$12.3M	$2.6M	$13.3M	$4.5M
Realized gains (losses) on real estate owned, net	-$1.9M	-$397K	-$1.9M	-$934K	-$1.4M	-$3.4M	-$2M	-$3.1M
Unrealized gains (losses) on real estate owned, net	$882K	-$769K	$1.2M	-$3.3M	-$1.4M	$736K	-$1.2M	$1.3M
Realized Gains (Losses) on Unsecured Borrowings, at fair value, net	$0	$0	$0	-$1.4M	$0	$0	$0	$0
Debt Issuance and Commitment Costs	$0	$0	$0	$1.5M	$1.5M	$1.5M	$1.5M	—