vs

Side-by-side financial comparison of Ellington Credit Co (EARN) and Immunovant, Inc. (IMVT). Click either name above to swap in a different company.

Immunovant, Inc. is the larger business by last-quarter revenue ($8.4M vs $6.1M, roughly 1.4× Ellington Credit Co). Ellington Credit Co runs the higher net margin — -32.6% vs -899.0%, a 866.4% gap on every dollar of revenue. On growth, Ellington Credit Co posted the faster year-over-year revenue change (1528.9% vs 140.7%).

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.

Immunovant, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative monoclonal antibody therapies for patients with serious, rare autoimmune and inflammatory diseases. Its lead product candidate covers multiple autoimmune indications, with core U.S. operations and a global market expansion strategy.

EARN vs IMVT — Head-to-Head

Bigger by revenue
IMVT
IMVT
1.4× larger
IMVT
$8.4M
$6.1M
EARN
Growing faster (revenue YoY)
EARN
EARN
+1388.2% gap
EARN
1528.9%
140.7%
IMVT
Higher net margin
EARN
EARN
866.4% more per $
EARN
-32.6%
-899.0%
IMVT

Income Statement — Q3 FY2025 vs Q4 FY2024

Metric
EARN
EARN
IMVT
IMVT
Revenue
$6.1M
$8.4M
Net Profit
$-2.0M
$-75.3M
Gross Margin
Operating Margin
-35.6%
-896.2%
Net Margin
-32.6%
-899.0%
Revenue YoY
1528.9%
140.7%
Net Profit YoY
-116.1%
-26.7%
EPS (diluted)
$-0.50

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
EARN
EARN
IMVT
IMVT
Q4 24
$6.1M
Q3 24
$4.8M
Q2 24
$3.9M
Q1 24
$8.4M
Q4 23
$8.9M
Q3 23
$3.6M
Q2 23
$4.1M
Q1 23
$-372.0K
$3.5M
Net Profit
EARN
EARN
IMVT
IMVT
Q4 24
$-2.0M
Q3 24
$5.4M
Q2 24
$-815.0K
Q1 24
$-75.3M
Q4 23
$-51.4M
Q3 23
$-58.7M
Q2 23
$-73.9M
Q1 23
$2.3M
$-59.4M
Operating Margin
EARN
EARN
IMVT
IMVT
Q4 24
-35.6%
Q3 24
Q2 24
-22.8%
Q1 24
-896.2%
Q4 23
-576.8%
Q3 23
-1629.6%
Q2 23
-1819.1%
Q1 23
-1736.3%
Net Margin
EARN
EARN
IMVT
IMVT
Q4 24
-32.6%
Q3 24
114.6%
Q2 24
-20.9%
Q1 24
-899.0%
Q4 23
-575.6%
Q3 23
-1642.3%
Q2 23
-1818.9%
Q1 23
-628.2%
-1707.8%
EPS (diluted)
EARN
EARN
IMVT
IMVT
Q4 24
Q3 24
Q2 24
Q1 24
$-0.50
Q4 23
$-0.36
Q3 23
$-0.45
Q2 23
$-0.57
Q1 23
$-0.46

Balance Sheet & Financial Strength

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

Metric
EARN
EARN
IMVT
IMVT
Cash + ST InvestmentsLiquidity on hand
$31.8M
$635.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$193.7M
$617.8M
Total Assets
$824.1M
$666.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EARN
EARN
IMVT
IMVT
Q4 24
$31.8M
Q3 24
$25.7M
Q2 24
$118.8M
Q1 24
$635.4M
Q4 23
$690.9M
Q3 23
$269.9M
Q2 23
$330.0M
Q1 23
$36.7M
$376.5M
Stockholders' Equity
EARN
EARN
IMVT
IMVT
Q4 24
$193.7M
Q3 24
$191.6M
Q2 24
$146.1M
Q1 24
$617.8M
Q4 23
$679.3M
Q3 23
$251.8M
Q2 23
$299.9M
Q1 23
$115.0M
$362.5M
Total Assets
EARN
EARN
IMVT
IMVT
Q4 24
$824.1M
Q3 24
$752.3M
Q2 24
$933.5M
Q1 24
$666.4M
Q4 23
$711.4M
Q3 23
$292.1M
Q2 23
$351.2M
Q1 23
$1.1B
$405.8M

Cash Flow & Capital Efficiency

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

Metric
EARN
EARN
IMVT
IMVT
Operating Cash FlowLast quarter
$4.4M
$-59.7M
Free Cash FlowOCF − Capex
$-59.8M
FCF MarginFCF / Revenue
-714.4%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-214.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EARN
EARN
IMVT
IMVT
Q4 24
$4.4M
Q3 24
$3.2M
Q2 24
$2.7M
Q1 24
$-59.7M
Q4 23
$-47.1M
Q3 23
$-60.1M
Q2 23
$-47.4M
Q1 23
$-2.4M
$-55.8M
Free Cash Flow
EARN
EARN
IMVT
IMVT
Q4 24
Q3 24
Q2 24
Q1 24
$-59.8M
Q4 23
$-47.2M
Q3 23
$-60.1M
Q2 23
$-47.4M
Q1 23
$-55.8M
FCF Margin
EARN
EARN
IMVT
IMVT
Q4 24
Q3 24
Q2 24
Q1 24
-714.4%
Q4 23
-528.7%
Q3 23
-1682.4%
Q2 23
-1166.4%
Q1 23
-1604.0%
Capex Intensity
EARN
EARN
IMVT
IMVT
Q4 24
Q3 24
Q2 24
Q1 24
1.8%
Q4 23
1.5%
Q3 23
1.0%
Q2 23
1.1%
Q1 23
0.7%
Cash Conversion
EARN
EARN
IMVT
IMVT
Q4 24
Q3 24
0.60×
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
-1.02×

Financial Flow Comparison

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

Related Comparisons