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Ellington Financial Inc. EFC Unrealized gains (losses) on real estate owned, net

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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:RealEstateAcquiredThroughForeclosureUnrealizedGainsLosses.

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
Realized gains (losses) on unsecured borrowings, at fair value(1,383)
Unrealized gains (losses) on securities and loans, net(19,612)46,108
Unrealized gains (losses) on financial derivatives, net7,042(27,115)
Unrealized gains (losses) on real estate owned, net1,255(3,311)
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)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Ellington Financial Inc.'s unrealized gains (losses) on real estate owned, net?
Ellington Financial Inc. (EFC) reported unrealized gains (losses) on real estate owned, net of $1.26M in Q1 2026.
How has Ellington Financial Inc.'s unrealized gains (losses) on real estate owned, net changed year-over-year?
Ellington Financial Inc.'s unrealized gains (losses) on real estate owned, net increased by 137.9% year-over-year, from -$3.31M to $1.26M.
What is the long-term trend for Ellington Financial Inc.'s unrealized gains (losses) on real estate owned, net?
Over 3 years (2022 to 2025), Ellington Financial Inc.'s unrealized gains (losses) on real estate owned, net has grown at a 120.2% compound annual growth rate (CAGR), from -$486K to -$5.19M.
What does unrealized gains (losses) on real estate owned, net mean?
The unrealized change in the fair value of real estate assets acquired through foreclosure that are still held on the balance sheet. This reflects the ongoing valuation adjustments of distressed properties.

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