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

Verastem, Inc. is the larger business by last-quarter revenue ($11.2M vs $6.1M, roughly 1.8× Ellington Credit Co). Ellington Credit Co runs the higher net margin — -32.6% vs -876.3%, a 843.7% 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.

Verastem, Inc., doing business as Verastem Oncology, is an American pharmaceutical company that develops medicines to treat certain cancers. Headquartered and founded in Boston, Massachusetts, the firm is a member of NASDAQ Biotechnology Index.

EARN vs VSTM — Head-to-Head

Bigger by revenue
VSTM
VSTM
1.8× larger
VSTM
$11.2M
$6.1M
EARN
Higher net margin
EARN
EARN
843.7% more per $
EARN
-32.6%
-876.3%
VSTM

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
EARN
EARN
VSTM
VSTM
Revenue
$6.1M
$11.2M
Net Profit
$-2.0M
$-98.5M
Gross Margin
Operating Margin
-35.6%
-362.2%
Net Margin
-32.6%
-876.3%
Revenue YoY
1528.9%
Net Profit YoY
-116.1%
-311.1%
EPS (diluted)
$-1.35

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
VSTM
VSTM
Q3 25
$11.2M
Q2 25
$2.1M
Q4 24
$6.1M
Q3 24
$4.8M
$0
Q2 24
$3.9M
$10.0M
Q1 23
$-372.0K
Q4 22
$2.5M
Q3 22
$5.2M
Net Profit
EARN
EARN
VSTM
VSTM
Q3 25
$-98.5M
Q2 25
$-25.9M
Q4 24
$-2.0M
Q3 24
$5.4M
$-24.0M
Q2 24
$-815.0K
$-8.3M
Q1 23
$2.3M
Q4 22
$11.7M
Q3 22
$-13.7M
Operating Margin
EARN
EARN
VSTM
VSTM
Q3 25
-362.2%
Q2 25
-2047.9%
Q4 24
-35.6%
Q3 24
Q2 24
-22.8%
-182.8%
Q1 23
Q4 22
Q3 22
Net Margin
EARN
EARN
VSTM
VSTM
Q3 25
-876.3%
Q2 25
-1213.6%
Q4 24
-32.6%
Q3 24
114.6%
Q2 24
-20.9%
-82.6%
Q1 23
-628.2%
Q4 22
476.7%
Q3 22
-263.5%
EPS (diluted)
EARN
EARN
VSTM
VSTM
Q3 25
$-1.35
Q2 25
$-0.62
Q4 24
Q3 24
$-0.60
Q2 24
$-0.31
Q1 23
Q4 22
Q3 22

Balance Sheet & Financial Strength

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

Metric
EARN
EARN
VSTM
VSTM
Cash + ST InvestmentsLiquidity on hand
$31.8M
$137.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$193.7M
$-15.5M
Total Assets
$824.1M
$176.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EARN
EARN
VSTM
VSTM
Q3 25
$137.7M
Q2 25
$164.3M
Q4 24
$31.8M
Q3 24
$25.7M
$113.2M
Q2 24
$118.8M
$83.4M
Q1 23
$36.7M
Q4 22
$34.8M
Q3 22
$25.4M
Total Debt
EARN
EARN
VSTM
VSTM
Q3 25
Q2 25
Q4 24
Q3 24
$40.5M
Q2 24
$40.3M
Q1 23
Q4 22
Q3 22
Stockholders' Equity
EARN
EARN
VSTM
VSTM
Q3 25
$-15.5M
Q2 25
$36.1M
Q4 24
$193.7M
Q3 24
$191.6M
$11.1M
Q2 24
$146.1M
$18.9M
Q1 23
$115.0M
Q4 22
$112.4M
Q3 22
$103.0M
Total Assets
EARN
EARN
VSTM
VSTM
Q3 25
$176.9M
Q2 25
$196.3M
Q4 24
$824.1M
Q3 24
$752.3M
$126.4M
Q2 24
$933.5M
$105.7M
Q1 23
$1.1B
Q4 22
$1.1B
Q3 22
$1.2B
Debt / Equity
EARN
EARN
VSTM
VSTM
Q3 25
Q2 25
Q4 24
Q3 24
3.66×
Q2 24
2.14×
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
EARN
EARN
VSTM
VSTM
Operating Cash FlowLast quarter
$4.4M
$-36.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EARN
EARN
VSTM
VSTM
Q3 25
$-36.2M
Q2 25
$-32.7M
Q4 24
$4.4M
Q3 24
$3.2M
$-23.8M
Q2 24
$2.7M
$-27.6M
Q1 23
$-2.4M
Q4 22
$4.2M
Q3 22
$4.2M
Free Cash Flow
EARN
EARN
VSTM
VSTM
Q3 25
Q2 25
Q4 24
Q3 24
Q2 24
$-27.6M
Q1 23
Q4 22
Q3 22
FCF Margin
EARN
EARN
VSTM
VSTM
Q3 25
Q2 25
Q4 24
Q3 24
Q2 24
-275.8%
Q1 23
Q4 22
Q3 22
Capex Intensity
EARN
EARN
VSTM
VSTM
Q3 25
Q2 25
Q4 24
Q3 24
Q2 24
0.1%
Q1 23
Q4 22
Q3 22
Cash Conversion
EARN
EARN
VSTM
VSTM
Q3 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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