v3.26.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows provided by (used in) operating activities:    
Net cash provided by (used in) operating activities $ (29,100) $ (336,913)
Cash Flows from Investing Activities:    
Purchase of securities (549,442) (523,027)
Purchase and origination of loans (5,668,554) (2,833,936)
Proceeds from Sale of Forward MSR-related Investments 12,295 14,169
Proceeds from disposition of securities 380,939 566,191
Proceeds from disposition of loans 182,483 457,423
Distributions from investments in unconsolidated entities 290,537 156,919
Contributions to investments in unconsolidated entities (53,070) (137,508)
Proceeds from disposition of real estate owned 51,269 38,645
Payments for Capital Improvements (168) 0
Proceeds from FHA insurance claims and other receivables on HECM loans 116,392 54,059
Proceeds from principal payments of securities 102,266 85,449
Proceeds from principal payments of loans 1,080,558 1,096,777
Proceeds from securities sold short 328,355 605,071
Repurchase of securities sold short (343,984) (642,838)
Payments on financial derivatives (172,088) (196,336)
Proceeds from financial derivatives 193,467 188,318
Payments made on reverse repurchase agreements (33,360,748) (32,980,362)
Proceeds from reverse repurchase agreements 33,236,072 32,970,398
Due from brokers, net (9,699) (26,160)
Due to brokers, net 11,458 (22,754)
Net cash provided by (used in) investing activities (4,171,662) (1,129,502)
Cash flows provided by (used in) financing activities:    
Net proceeds from issuance of common stock [1] 192,472 95,548
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 (643) (40)
Dividends paid (109,020) (87,515)
Contributions from non-controlling interests 13,372 11,913
Distributions to non-controlling interests (22,725) (12,764)
Proceeds from issuance of other secured borrowings 1,266,911 1,237,735
Principal payments on other secured borrowings (1,306,321) (1,150,746)
Borrowings under repurchase agreements 24,944,664 30,241,488
Repayments of repurchase agreements (21,166,626) (29,237,631)
Proceeds from Issuance of Other Secured Borrowings, at fair value 125,150 46,425
Proceeds from issuance of HMBS 846,285 777,542
Principal payments on HMBS related obligations, at fair value 512,397 399,738
Due from brokers, net (3,428) (391)
Due to brokers, net (276) 1,202
Net cash provided by (used in) financing activities 4,152,418 1,488,097
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (48,344) 21,682
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 338,190 208,948
Cash, Cash Equivalents, and Restricted Cash, End of Period 289,846 230,630
Cash and Cash Equivalent [2] 247,473 211,013
Restricted cash [2] 42,373 19,617
Supplemental disclosure of cash flow information:    
Interest paid 187,917 146,769
Debt issuance costs related to Other secured borrowings, at fair value (non-cash) (6,482) (2,280)
Transfers from investments in unconsolidated entities to mortgage loans (non-cash) 8,225 21,890
Income tax paid 3,752 429
Dividends payable 19,491 17,495
Shares issued in connection with incentive fee payment (non-cash) 1,880 444
Transfers from mortgage loans to real estate owned (non-cash) 64,003 47,803
Transfers from mortgage loans to other sales and claims receivable (non-cash) 117,603 53,995
Transfers from mortgage loans to investments in non-consolidated entities (non-cash) 104,959 30,049
Transfers of HMBS obligations to third-party, at fair value (non-cash) 2,284 (3,558)
Contributions to investments in non-consolidated entities (non-cash) (202,032) (73,521)
Purchase of investments (non-cash) (141,250) (66,880)
Purchase of Loans Non Cash (755,633) (1,070,830)
Proceeds from the disposition of loans (non-cash) 3,930,405 2,277,118
Proceeds from principal payments of investments (non-cash) 159,214 93,961
Principal payments on Other secured borrowings, at fair value (non-cash) (159,214) (94,360)
Proceeds received from Other secured borrowings, at fair value (non-cash) 548,662 176,229
Repayments of repurchase agreement (non-cash) $ (3,369,205) $ (1,240,439)
[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.