Filing Flows › Ellington Financial (EFC) › Q3 2026
Ellington Financial (EFC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Ellington Financial (EFC) reported revenue of $118M for the third quarter 2026 (Q3 2026), +42% from a year earlier and -4% from the quarter before. Operating margin was 40.7%, net earnings $40.4M (34.3% of revenue).
Ellington Financial, Q3 2026: revenue $118M (+42% year over year), operating margin 40.7%, net earnings $40.4M, operating cash flow $16.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $118M | -4% | +42% |
| Operating profit | $47.9M | -18% | +23% |
| Net earnings | $40.4M | -26% | +37% |
| Operating cash flow | $16.7M | — | — |
| Free cash flow | $15.8M | — | — |
What changed
Revenue was $117.7M in Q3 2026, up 42% year over year and down 4% from the previous quarter. Net interest income was the largest line at 59% of revenue. Net interest income added $19.2M year over year (up 39%), 55% of the total change.
Operating profit was $47.9M, a 40.7% margin (down 6.2 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, below the 47% margin then. Total costs grew 59% against revenue growth of 42%. Net earnings were $40.4M, up 37% year over year. The effective tax rate was 4.1%.
Operating cash flow was $16.7M, 36% of net income including minority interests. Non-cash charges added back $114K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $30.9M. Capital expenditures of $848K left free cash flow of $15.8M.
Questions
What was Ellington Financial's revenue in the third quarter 2026?
Ellington Financial (EFC) reported revenue of $118M for the third quarter 2026 (Q3 2026), +42% from a year earlier and -4% from the quarter before.
Was Ellington Financial profitable in the third quarter 2026?
Operating profit was $47.9M (40.7% of revenue) and net earnings $40.4M.