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Side-by-side financial comparison of Ellington Credit Co (EARN) and Spectral AI, Inc. (MDAI). 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× Spectral AI, Inc.). Spectral AI, Inc. runs the higher net margin — 25.7% vs -32.6%, a 58.4% gap on every dollar of revenue. On growth, Ellington Credit Co posted the faster year-over-year revenue change (1528.9% vs -46.3%). Over the past eight quarters, Ellington Credit Co's revenue compounded faster (6.3% CAGR vs -19.6%).
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.
Spectral AI, Inc. is a medical technology firm specializing in AI-powered diagnostic imaging solutions primarily for burn and wound care. It develops non-invasive imaging tools that enable healthcare providers to deliver faster, more accurate treatment assessments, serving clinical and healthcare partner networks across North America and European markets.
EARN vs MDAI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $4.1M |
| Net Profit | $-2.0M | $1.1M |
| Gross Margin | — | 45.2% |
| Operating Margin | -35.6% | -54.9% |
| Net Margin | -32.6% | 25.7% |
| Revenue YoY | 1528.9% | -46.3% |
| Net Profit YoY | -116.1% | 113.9% |
| EPS (diluted) | — | $0.04 |
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 | — | $3.8M | ||
| Q2 25 | — | $5.1M | ||
| Q1 25 | — | $6.7M | ||
| Q4 24 | $6.1M | $7.6M | ||
| Q3 24 | $4.8M | $8.2M | ||
| Q2 24 | $3.9M | $7.5M | ||
| Q1 24 | — | $6.3M |
| Q4 25 | — | $1.1M | ||
| Q3 25 | — | $-3.6M | ||
| Q2 25 | — | $-8.0M | ||
| Q1 25 | — | $2.9M | ||
| Q4 24 | $-2.0M | $-7.6M | ||
| Q3 24 | $5.4M | $-1.5M | ||
| Q2 24 | $-815.0K | $-2.9M | ||
| Q1 24 | — | $-3.2M |
| Q4 25 | — | 45.2% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 44.0% | ||
| Q3 24 | — | 44.9% | ||
| Q2 24 | — | 44.3% | ||
| Q1 24 | — | 46.6% |
| Q4 25 | — | -54.9% | ||
| Q3 25 | — | -88.1% | ||
| Q2 25 | — | -41.9% | ||
| Q1 25 | — | -13.4% | ||
| Q4 24 | -35.6% | -14.6% | ||
| Q3 24 | — | -10.8% | ||
| Q2 24 | -22.8% | -32.7% | ||
| Q1 24 | — | -33.9% |
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | -93.7% | ||
| Q2 25 | — | -157.3% | ||
| Q1 25 | — | 43.2% | ||
| Q4 24 | -32.6% | -99.8% | ||
| Q3 24 | 114.6% | -18.4% | ||
| Q2 24 | -20.9% | -38.3% | ||
| Q1 24 | — | -50.7% |
| Q4 25 | — | $0.04 | ||
| Q3 25 | — | $-0.13 | ||
| Q2 25 | — | $-0.31 | ||
| Q1 25 | — | $0.11 | ||
| Q4 24 | — | $-0.42 | ||
| Q3 24 | — | $-0.08 | ||
| Q2 24 | — | $-0.16 | ||
| Q1 24 | — | $-0.19 |
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 | $15.4M |
| Total DebtLower is stronger | — | $9.3M |
| Stockholders' EquityBook value | $193.7M | $-5.7M |
| Total Assets | $824.1M | $21.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $15.4M | ||
| Q3 25 | — | $10.5M | ||
| Q2 25 | — | $10.5M | ||
| Q1 25 | — | $14.1M | ||
| Q4 24 | $31.8M | $5.2M | ||
| Q3 24 | $25.7M | $3.7M | ||
| Q2 24 | $118.8M | $6.9M | ||
| Q1 24 | — | $10.2M |
| Q4 25 | — | $9.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $7.8M | ||
| Q4 24 | — | $2.8M | ||
| Q3 24 | — | $1.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $-5.7M | ||
| Q3 25 | — | $-8.2M | ||
| Q2 25 | — | $-9.2M | ||
| Q1 25 | — | $-1.6M | ||
| Q4 24 | $193.7M | $-7.3M | ||
| Q3 24 | $191.6M | $-4.8M | ||
| Q2 24 | $146.1M | $-4.7M | ||
| Q1 24 | — | $-2.5M |
| Q4 25 | — | $21.4M | ||
| Q3 25 | — | $15.3M | ||
| Q2 25 | — | $16.0M | ||
| Q1 25 | — | $20.7M | ||
| Q4 24 | $824.1M | $12.1M | ||
| Q3 24 | $752.3M | $11.6M | ||
| Q2 24 | $933.5M | $13.9M | ||
| Q1 24 | — | $15.5M |
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 | $-2.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-2.6M | ||
| Q3 25 | — | $-2.5M | ||
| Q2 25 | — | $-3.4M | ||
| Q1 25 | — | $-1.5M | ||
| Q4 24 | $4.4M | $469.0K | ||
| Q3 24 | $3.2M | $-1.6M | ||
| Q2 24 | $2.7M | $-5.4M | ||
| Q1 24 | — | $-2.7M |
| Q4 25 | — | -2.43× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.52× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
