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Ellington Financial Inc. EFC Incentive Fee Expense

Incentive Fee Expense at other companies

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Gladstone Commercial CorporationGOOD
$597K-6.7%
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$25M-35.9%
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Prospect CapitalPSEC
$2.3M-45.3%
MidCap Financial Investment Corporation logo
MidCap Financial Investment CorporationMFIC
$0-100%
Blue Owl Capital logo
Blue Owl CapitalOBDC
$32.41M-21.0%
EFC
Ellington Financial Inc.EFC
$19.22M+324%

Segments

By segment

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Corporate Segment and Other Operating Segment$19.22M+324%
Investment Portfolio Segment$0
Longbridge Segment$0

Other financials

Income statement

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Revenue$149.5M+29.0%
Net income$95.5M+202%
EPS (diluted)$0.58+441%

Balance sheet

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Cash & equivalents$191.5M-11.9%
Total debt$643.0M+155%
Total equity$1.9B+18.9%
Total assets$20.2B+21.6%

Cash flow

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Operating cash flow-$10.0M+92.1%
CapEx-$168.0K
Free cash flow-$10.1M+92.0%

Valuation

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Market cap$1.72B+37.4%
Enterprise value$2.17B+70.3%
P/E9.4×-1.6×
P/S3.3×+0.4×

Profitability

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Operating margin32.9%
Net margin34.6%+6.1pp
FCF margin-115.6%+364pp

Returns & leverage

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Return on equity10.3%+2.5pp
Debt / equity0.3×+0.2×

Where this comes from

Reported directly by Ellington Financial Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncentiveFeeExpense.

The official record: Ellington Financial Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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?
Performance-based compensation paid to an external manager when the company achieves specific financial benchmarks or return hurdles. It aligns the manager's interests with those of the shareholders.