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Ellington Financial Inc. EFC Net change related to HMBS obligations, at fair value

Net change related to HMBS obligations, at fair value at other companies

Finance of America Companies logo
Finance of America CompaniesFOA
$24.72B+32.6%
Finance of America Companies logo
Finance of America CompaniesFOA
$24.72B+32.6%
Finance of America Companies logo
Finance of America CompaniesFOA
$24.72B+32.6%
Finance of America Companies logo
Finance of America CompaniesFOA
$24.72B+32.6%
Finance of America Companies logo
Finance of America CompaniesFOA
$24.72B
Finance of America Companies logo
Finance of America CompaniesFOA
$24.72B

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$1.66B+38.1%
Enterprise value$2.11B+72.3%
P/E9.1×-1.5×
P/S3.1×+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 efc:NetChangeRelatedToHMBSObligationsAtFairValue.

The source filing: Ellington Financial Inc.’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 4:10 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-033463
Line itemThree-Month Period Ended / March 31, 2026Three-Month Period Ended / March 31, 2025
Unrealized gains (losses) on other secured borrowings, at fair value, net6,993(31,364)
Unrealized gains (losses) on unsecured borrowings, at fair value, net21,1881,027
Net change from HECM reverse mortgage loans, at fair value235,035176,990
Net change related to HMBS obligations, at fair value(194,107)(147,471)
Litigation settlement income17,000
Other, net4,47824,266
Total other income (loss)110,01439,650
Expenses

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Ellington Financial Inc.'s net change related to HMBS obligations, at fair value?
Ellington Financial Inc. (EFC) reported net change related to HMBS obligations, at fair value of -$194.11M in Q1 2026.
How has Ellington Financial Inc.'s net change related to HMBS obligations, at fair value changed year-over-year?
Ellington Financial Inc.'s net change related to HMBS obligations, at fair value decreased by 31.6% year-over-year, from -$147.47M to -$194.11M.
What does net change related to HMBS obligations, at fair value mean?
Represents the fair value adjustments associated with Home Mortgage-Backed Securities (HMBS) obligations, which are typically linked to the financing of HECM loans. This reflects the liability side of the reverse mortgage financing structure.

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