v3.26.1
Consolidated Balance Sheet - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents [1] $ 163,224 $ 201,893
Restricted cash [1] 28,296 136,297
Securities, at fair value(1)(2) [1],[2] 1,136,825 1,034,882
Loans, at fair value(1)(2) [1],[2] 17,393,161 16,640,647
Loan commitments, at fair value 10,207 9,124
Forward MSR-related investments, at fair value(1) [1] 72,824 77,852
Mortgage servicing rights, at fair value 30,192 28,913
Investments in unconsolidated entities, at fair value(1) [1] 349,722 312,421
Real estate owned(1)(2) [1],[2] 101,167 75,548
Financial derivatives—assets, at fair value 152,834 142,723
Reverse repurchase agreements 487,333 453,037
Due from brokers 39,708 35,919
Investment related receivables(1) [1] 239,406 177,208
Other assets(1) [1] 28,197 26,446
Total Assets 20,233,096 19,352,910
Liabilities    
Securities sold short, at fair value 297,231 272,702
Repurchase agreements(1) [1] 2,894,972 2,655,444
Financial derivatives—liabilities, at fair value 47,374 53,073
Due to brokers 65,024 48,104
Investment related payables 55,441 36,092
Other secured borrowings(1) [1] 264,444 296,398
Other secured borrowings, at fair value(1) [1] 3,125,332 2,945,578
HMBS-related obligations, at fair value 10,765,668 10,406,332
Unsecured borrowings, at fair value 638,644 659,832
Base management fee payable to affiliate 7,101 6,869
Incentive Fee Payable 19,222 0
Dividends payable 19,108 19,428
Interest payable(1) [1] 17,666 26,798
Accrued expenses and other liabilities(1) [1] 57,881 55,105
Total Liabilities 18,275,108 17,481,755
Commitments and contingencies  
ANALYSIS OF EQUITY:    
Preferred stock, 100,000,000 shares authorized; 9,200,089 and 13,800,089 shares issued and outstanding, and $230,002 and $345,002 aggregate liquidation preference, respectively 220,924 331,958
Common stock, par value $0.001 per share, 300,000,000 shares authorized; 124,649,023 and 113,138,860 shares issued and outstanding, respectively 125 113
Additional paid-in-capital 2,065,197 1,915,152
Retained earnings (accumulated deficit) (366,110) (412,964)
Total Stockholders' Equity 1,920,136 1,834,259
Non-controlling interests(1) [1] 37,852 36,896
Total Equity 1,957,988 1,871,155
Total Liabilities and Equity $ 20,233,096 $ 19,352,910
[1] Ellington Financial Inc.'s Consolidated Balance Sheets include assets and liabilities of variable interest entities it has consolidated. See Note 12 for additional details on Ellington Financial Inc.'s consolidated variable interest entities.
[2] Includes assets pledged as collateral to counterparties. See Note 14 for additional details on the Company's borrowings and related collateral.