v3.26.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows provided by (used in) operating activities:    
Net cash provided by (used in) operating activities $ (9,957) $ (126,397)
Cash Flows from Investing Activities:    
Purchase of securities (347,908) (252,166)
Purchase and origination of loans (2,707,147) (1,345,224)
Proceeds from Sale of Forward MSR-related Investments 7,289 8,047
Proceeds from disposition of securities 193,068 276,882
Proceeds from disposition of loans 103,992 76,241
Distributions from investments in unconsolidated entities 157,046 88,057
Contributions to investments in unconsolidated entities (24,685) (62,263)
Proceeds from disposition of real estate owned 15,881 10,846
Payments for Capital Improvements (168) 0
Proceeds from FHA insurance claims and other receivables on HECM loans 60,832 24,558
Proceeds from principal payments of securities 49,860 40,447
Proceeds from principal payments of loans 565,668 553,655
Proceeds from securities sold short 324,413 424,068
Repurchase of securities sold short (296,972) (459,478)
Payments on financial derivatives (88,509) (106,692)
Proceeds from financial derivatives 78,969 111,555
Payments made on reverse repurchase agreements (16,995,903) (16,388,125)
Proceeds from reverse repurchase agreements 16,961,586 16,392,237
Due from brokers, net 8,208 (25,988)
Due to brokers, net 29,337 (430)
Net cash provided by (used in) investing activities (1,905,143) (633,773)
Cash flows provided by (used in) financing activities:    
Net proceeds from issuance of common stock [1] 154,972 50,976
Payments for Repurchase of Preferred Stock and Preference Stock (115,000) 0
Repayment of unsecured borrowings, at fair value 0 (34,931)
Offering costs paid (198) (10)
Dividends paid (55,340) (42,863)
Contributions from non-controlling interests 11,894 5,274
Distributions to non-controlling interests (17,880) (6,076)
Proceeds from issuance of other secured borrowings 650,390 576,615
Principal payments on other secured borrowings (682,344) (561,742)
Borrowings under repurchase agreements 10,983,219 18,032,281
Repayments of repurchase agreements (9,374,393) (17,456,164)
Proceeds from Issuance of Other Secured Borrowings, at fair value 58,474 0
Proceeds from issuance of HMBS 393,878 383,502
Principal payments on HMBS related obligations, at fair value 234,770 181,200
Due from brokers, net (4,209) 2,428
Due to brokers, net (263) 447
Net cash provided by (used in) financing activities 1,768,430 768,537
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (146,670) 8,367
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 338,190 208,948
Cash, Cash Equivalents, and Restricted Cash, End of Period 191,520 217,315
Cash and Cash Equivalents, at Carrying Value [2] 163,224 203,288
Restricted cash [2] 28,296 14,027
Supplemental disclosure of cash flow information:    
Interest paid 97,381 76,213
Debt issuance costs related to Other secured borrowings, at fair value (non-cash) (2,324) 0
Income tax paid (43) 11
Dividends payable 19,108 17,015
Transfers from mortgage loans to real estate owned (non-cash) 43,221 33,878
Transfers from mortgage loans to other sales and claims receivable (non-cash) 61,585 24,143
Transfers from mortgage loans to investments in non-consolidated entities (non-cash) 71,732 28,000
Transfers of HMBS obligations to third-party, at fair value (non-cash) 6,121 (5,523)
Contributions to investments in non-consolidated entities (non-cash) (80,367) (38,504)
Purchase of investments (non-cash) (80,993) (33,377)
Proceeds from the disposition of loans (non-cash) 1,345,527 663,411
Proceeds from principal payments of investments (non-cash) 62,305 39,099
Principal payments on Other secured borrowings, at fair value (non-cash) (62,305) (39,590)
Proceeds received from Other secured borrowings, at fair value (non-cash) 189,002 0
Repayments of repurchase agreement (non-cash) $ (1,369,297) $ (591,530)
[1] Net of discounts and commissions.
[2] 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.