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Side-by-side financial comparison of DDC Enterprise Ltd (DDC) and Ellington Credit Co (EARN). Click either name above to swap in a different company.

Ellington Credit Co is the larger business by last-quarter revenue ($6.1M vs $5.4M, roughly 1.1× DDC Enterprise Ltd). Ellington Credit Co runs the higher net margin — -32.6% vs -123.3%, a 90.7% gap on every dollar of revenue.

Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.

DDC vs EARN — Head-to-Head

Bigger by revenue
EARN
EARN
1.1× larger
EARN
$6.1M
$5.4M
DDC
Higher net margin
EARN
EARN
90.7% more per $
EARN
-32.6%
-123.3%
DDC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DDC
DDC
EARN
EARN
Revenue
$5.4M
$6.1M
Net Profit
$-6.7M
$-2.0M
Gross Margin
31.4%
Operating Margin
-90.0%
-35.6%
Net Margin
-123.3%
-32.6%
Revenue YoY
1528.9%
Net Profit YoY
-116.1%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DDC
DDC
EARN
EARN
Q4 25
$5.4M
Q2 25
$2.2M
Q4 24
$6.1M
Q3 24
$4.8M
Q2 24
$3.9M
Q1 23
$-372.0K
Q4 22
$2.5M
Q3 22
$5.2M
Net Profit
DDC
DDC
EARN
EARN
Q4 25
$-6.7M
Q2 25
$715.3K
Q4 24
$-2.0M
Q3 24
$5.4M
Q2 24
$-815.0K
Q1 23
$2.3M
Q4 22
$11.7M
Q3 22
$-13.7M
Gross Margin
DDC
DDC
EARN
EARN
Q4 25
31.4%
Q2 25
33.4%
Q4 24
Q3 24
Q2 24
Q1 23
Q4 22
Q3 22
Operating Margin
DDC
DDC
EARN
EARN
Q4 25
-90.0%
Q2 25
12.9%
Q4 24
-35.6%
Q3 24
Q2 24
-22.8%
Q1 23
Q4 22
Q3 22
Net Margin
DDC
DDC
EARN
EARN
Q4 25
-123.3%
Q2 25
33.2%
Q4 24
-32.6%
Q3 24
114.6%
Q2 24
-20.9%
Q1 23
-628.2%
Q4 22
476.7%
Q3 22
-263.5%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DDC
DDC
EARN
EARN
Cash + ST InvestmentsLiquidity on hand
$21.7M
$31.8M
Total DebtLower is stronger
$610.8K
Stockholders' EquityBook value
$71.2M
$193.7M
Total Assets
$199.6M
$824.1M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DDC
DDC
EARN
EARN
Q4 25
$21.7M
Q2 25
$3.5M
Q4 24
$31.8M
Q3 24
$25.7M
Q2 24
$118.8M
Q1 23
$36.7M
Q4 22
$34.8M
Q3 22
$25.4M
Total Debt
DDC
DDC
EARN
EARN
Q4 25
$610.8K
Q2 25
Q4 24
Q3 24
Q2 24
Q1 23
Q4 22
Q3 22
Stockholders' Equity
DDC
DDC
EARN
EARN
Q4 25
$71.2M
Q2 25
$3.9M
Q4 24
$193.7M
Q3 24
$191.6M
Q2 24
$146.1M
Q1 23
$115.0M
Q4 22
$112.4M
Q3 22
$103.0M
Total Assets
DDC
DDC
EARN
EARN
Q4 25
$199.6M
Q2 25
$12.4M
Q4 24
$824.1M
Q3 24
$752.3M
Q2 24
$933.5M
Q1 23
$1.1B
Q4 22
$1.1B
Q3 22
$1.2B
Debt / Equity
DDC
DDC
EARN
EARN
Q4 25
0.01×
Q2 25
Q4 24
Q3 24
Q2 24
Q1 23
Q4 22
Q3 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DDC
DDC
EARN
EARN
Operating Cash FlowLast quarter
$-39.7M
$4.4M
Free Cash FlowOCF − Capex
$-39.7M
FCF MarginFCF / Revenue
-734.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DDC
DDC
EARN
EARN
Q4 25
$-39.7M
Q2 25
Q4 24
$4.4M
Q3 24
$3.2M
Q2 24
$2.7M
Q1 23
$-2.4M
Q4 22
$4.2M
Q3 22
$4.2M
Free Cash Flow
DDC
DDC
EARN
EARN
Q4 25
$-39.7M
Q2 25
Q4 24
Q3 24
Q2 24
Q1 23
Q4 22
Q3 22
FCF Margin
DDC
DDC
EARN
EARN
Q4 25
-734.1%
Q2 25
Q4 24
Q3 24
Q2 24
Q1 23
Q4 22
Q3 22
Capex Intensity
DDC
DDC
EARN
EARN
Q4 25
0.1%
Q2 25
Q4 24
Q3 24
Q2 24
Q1 23
Q4 22
Q3 22
Cash Conversion
DDC
DDC
EARN
EARN
Q4 25
Q2 25
Q4 24
Q3 24
0.60×
Q2 24
Q1 23
-1.02×
Q4 22
0.36×
Q3 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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