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Side-by-side financial comparison of Ellington Credit Co (EARN) and Fatpipe Inc (FATN). Click either name above to swap in a different company.
Ellington Credit Co is the larger business by last-quarter revenue ($6.1M vs $4.1M, roughly 1.5× Fatpipe Inc). Fatpipe Inc runs the higher net margin — 7.6% vs -32.6%, a 40.2% gap on every dollar of revenue. On growth, Ellington Credit Co posted the faster year-over-year revenue change (1528.9% vs 3.2%).
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.
EARN vs FATN — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $4.1M |
| Net Profit | $-2.0M | $310.7K |
| Gross Margin | — | 87.7% |
| Operating Margin | -35.6% | 9.8% |
| Net Margin | -32.6% | 7.6% |
| Revenue YoY | 1528.9% | 3.2% |
| Net Profit YoY | -116.1% | 816.0% |
| EPS (diluted) | — | $0.02 |
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.
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $4.0M | ||
| Q2 25 | — | $3.9M | ||
| Q4 24 | $6.1M | — | ||
| Q3 24 | $4.8M | — | ||
| Q2 24 | $3.9M | — | ||
| Q1 23 | $-372.0K | — | ||
| Q4 22 | $2.5M | — |
| Q4 25 | — | $310.7K | ||
| Q3 25 | — | $-43.4K | ||
| Q2 25 | — | $741.2K | ||
| Q4 24 | $-2.0M | — | ||
| Q3 24 | $5.4M | — | ||
| Q2 24 | $-815.0K | — | ||
| Q1 23 | $2.3M | — | ||
| Q4 22 | $11.7M | — |
| Q4 25 | — | 87.7% | ||
| Q3 25 | — | 92.1% | ||
| Q2 25 | — | 94.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — | ||
| Q4 22 | — | — |
| Q4 25 | — | 9.8% | ||
| Q3 25 | — | -0.0% | ||
| Q2 25 | — | 25.5% | ||
| Q4 24 | -35.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -22.8% | — | ||
| Q1 23 | — | — | ||
| Q4 22 | — | — |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -1.1% | ||
| Q2 25 | — | 18.8% | ||
| Q4 24 | -32.6% | — | ||
| Q3 24 | 114.6% | — | ||
| Q2 24 | -20.9% | — | ||
| Q1 23 | -628.2% | — | ||
| Q4 22 | 476.7% | — |
| Q4 25 | — | $0.02 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $0.05 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — | ||
| Q4 22 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.8M | — |
| Total DebtLower is stronger | — | $4.6M |
| Stockholders' EquityBook value | $193.7M | $21.2M |
| Total Assets | $824.1M | $32.4M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | $31.8M | — | ||
| Q3 24 | $25.7M | — | ||
| Q2 24 | $118.8M | — | ||
| Q1 23 | $36.7M | — | ||
| Q4 22 | $34.8M | — |
| Q4 25 | — | $4.6M | ||
| Q3 25 | — | $4.8M | ||
| Q2 25 | — | $4.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — | ||
| Q4 22 | — | — |
| Q4 25 | — | $21.2M | ||
| Q3 25 | — | $21.0M | ||
| Q2 25 | — | $20.4M | ||
| Q4 24 | $193.7M | — | ||
| Q3 24 | $191.6M | — | ||
| Q2 24 | $146.1M | — | ||
| Q1 23 | $115.0M | — | ||
| Q4 22 | $112.4M | — |
| Q4 25 | — | $32.4M | ||
| Q3 25 | — | $32.2M | ||
| Q2 25 | — | $32.0M | ||
| Q4 24 | $824.1M | — | ||
| Q3 24 | $752.3M | — | ||
| Q2 24 | $933.5M | — | ||
| Q1 23 | $1.1B | — | ||
| Q4 22 | $1.1B | — |
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.24× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — | ||
| Q4 22 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.4M | $240.9K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $240.9K | ||
| Q3 25 | — | $399.8K | ||
| Q2 25 | — | $-508.6K | ||
| Q4 24 | $4.4M | — | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $2.7M | — | ||
| Q1 23 | $-2.4M | — | ||
| Q4 22 | $4.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-551.1K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — | ||
| Q4 22 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -14.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — | ||
| Q4 22 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — | ||
| Q4 22 | — | — |
| Q4 25 | — | 0.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.69× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | — | — | ||
| Q1 23 | -1.02× | — | ||
| Q4 22 | 0.36× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EARN
Segment breakdown not available.
FATN
| Products | $2.6M | 63% |
| Other | $1.5M | 37% |
