v3.26.1
Consolidated Balance Sheet - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents [1] $ 247,473 $ 201,893
Restricted cash [1] 42,373 136,297
Securities, at fair value(1)(2) [1],[2] 1,230,743 1,034,882
Loans, at fair value(1)(2) [1],[2] 17,874,430 16,640,647
Loan commitments, at fair value 10,191 9,124
Forward MSR-related investments, at fair value(1) [1] 75,901 77,852
Mortgage servicing rights, at fair value 30,040 28,913
Investments in unconsolidated entities, at fair value(1) [1] 402,259 312,421
Real estate owned(1)(2) [1],[2] 81,042 75,548
Financial derivatives—assets, at fair value 174,889 142,723
Securities for Reverse Repurchase Agreements 577,691 453,037
Due from brokers 59,396 35,919
Investment related receivables(1) [1] 190,166 177,208
Other assets(1) [1] 32,953 26,446
Total Assets 21,029,547 19,352,910
Liabilities    
Securities sold short, at fair value 252,118 272,702
Repurchase agreements(1) [1] 3,064,277 2,655,444
Financial derivatives—liabilities, at fair value 80,793 53,073
Due to brokers 59,791 48,104
Investment related payables 40,721 36,092
Other secured borrowings(1) [1] 256,988 296,398
Other secured borrowings, at fair value(1) [1] 3,451,333 2,945,578
HMBS-related obligations, at fair value 11,057,752 10,406,332
Unsecured borrowings, at fair value 654,962 659,832
Base management fee payable to affiliate 7,355 6,869
Incentive Fee Payable 920 0
Dividends payable 19,491 19,428
Interest payable(1) [1] 25,680 26,798
Accrued expenses and other liabilities(1) [1] 57,930 55,105
Total Liabilities 19,030,111 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; 127,593,315 and 113,138,860 shares issued and outstanding, respectively 128 113
Additional paid-in-capital 2,106,033 1,915,152
Retained earnings (accumulated deficit) (360,933) (412,964)
Total Stockholders' Equity 1,966,152 1,834,259
Non-controlling interests(1) [1] 33,284 36,896
Total Equity 1,999,436 1,871,155
Total Liabilities and Equity $ 21,029,547 $ 19,352,910
Preferred Stock, Shares Authorized 100,000,000 100,000,000
Preferred Stock, Shares Outstanding 9,200,089 13,800,089
[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.