How Ellington Financial makes money

Period

FY2025

How does Ellington Financial make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Ellington Financial Inc. Common Stock · FY2025 · year ended 2025-12-31

Revenue$336MGross profit$336M · 100%Cost of revenue$0 · 0%Operating income$98M · 29%Operating expenses$239M · 71%Other opex$239M · 71%Pre-tax income$123M · 36%Other income$25M · 7%Net income$119M · 35%Income tax$4M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.