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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and Omada Health, Inc. (OMDA). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $68.0M, roughly 1.2× Omada Health, Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -4.7%, a 33.6% 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.

Omada Health, Inc. is a leading US-based digital chronic care management company. It offers evidence-based, personalized care programs for conditions including type 2 diabetes, hypertension, musculoskeletal disorders and mental health concerns, serving employers, health plans and health system clients across the United States, paired with professional coaching and digital tracking tools to support sustained member health improvements.

EFC vs OMDA — Head-to-Head

Bigger by revenue
EFC
EFC
1.2× larger
EFC
$78.2M
$68.0M
OMDA
Higher net margin
EFC
EFC
33.6% more per $
EFC
28.9%
-4.7%
OMDA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EFC
EFC
OMDA
OMDA
Revenue
$78.2M
$68.0M
Net Profit
$22.6M
$-3.2M
Gross Margin
66.3%
Operating Margin
7.4%
-3.7%
Net Margin
28.9%
-4.7%
Revenue YoY
8.7%
Net Profit YoY
-26.2%
EPS (diluted)
$0.10
$-0.06

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
EFC
EFC
OMDA
OMDA
Q4 25
$78.2M
Q3 25
$82.8M
$68.0M
Q2 25
$92.5M
$61.4M
Q1 25
$82.9M
Q4 24
$72.0M
Q3 24
$67.0M
Q2 24
$91.2M
Q1 24
$75.5M
Net Profit
EFC
EFC
OMDA
OMDA
Q4 25
$22.6M
Q3 25
$29.5M
$-3.2M
Q2 25
$42.9M
$-5.3M
Q1 25
$31.6M
Q4 24
$30.7M
Q3 24
$16.2M
Q2 24
$52.3M
Q1 24
$26.9M
Gross Margin
EFC
EFC
OMDA
OMDA
Q4 25
Q3 25
66.3%
Q2 25
65.7%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
EFC
EFC
OMDA
OMDA
Q4 25
7.4%
Q3 25
31.1%
-3.7%
Q2 25
38.3%
-7.1%
Q1 25
37.3%
Q4 24
28.0%
Q3 24
24.0%
Q2 24
52.8%
Q1 24
42.2%
Net Margin
EFC
EFC
OMDA
OMDA
Q4 25
28.9%
Q3 25
35.7%
-4.7%
Q2 25
46.4%
-8.7%
Q1 25
38.2%
Q4 24
42.6%
Q3 24
24.1%
Q2 24
57.4%
Q1 24
35.6%
EPS (diluted)
EFC
EFC
OMDA
OMDA
Q4 25
$0.10
Q3 25
$0.29
$-0.06
Q2 25
$0.45
$-0.24
Q1 25
$0.35
Q4 24
$0.23
Q3 24
$0.19
Q2 24
$0.62
Q1 24
$0.32

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
OMDA
OMDA
Cash + ST InvestmentsLiquidity on hand
$201.9M
$198.6M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$1.8B
$217.3M
Total Assets
$19.4B
$287.5M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
OMDA
OMDA
Q4 25
$201.9M
Q3 25
$184.8M
$198.6M
Q2 25
$211.0M
$223.1M
Q1 25
$203.3M
Q4 24
$192.4M
Q3 24
$217.7M
Q2 24
$198.5M
Q1 24
$187.5M
Total Debt
EFC
EFC
OMDA
OMDA
Q4 25
Q3 25
$0
Q2 25
$30.0M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EFC
EFC
OMDA
OMDA
Q4 25
$1.8B
Q3 25
$1.8B
$217.3M
Q2 25
$1.7B
$214.2M
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
EFC
EFC
OMDA
OMDA
Q4 25
$19.4B
Q3 25
$17.8B
$287.5M
Q2 25
$17.1B
$303.0M
Q1 25
$16.6B
Q4 24
$16.3B
Q3 24
$16.0B
Q2 24
$15.1B
Q1 24
$15.1B
Debt / Equity
EFC
EFC
OMDA
OMDA
Q4 25
Q3 25
0.00×
Q2 25
0.14×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
EFC
EFC
OMDA
OMDA
Operating Cash FlowLast quarter
$-925.5M
$10.1M
Free Cash FlowOCF − Capex
$9.6M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
0.0%
0.8%
Cash ConversionOCF / Net Profit
-40.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
OMDA
OMDA
Q4 25
$-925.5M
Q3 25
$-290.4M
$10.1M
Q2 25
$-210.5M
$-13.3M
Q1 25
$-126.4M
Q4 24
$-430.5M
Q3 24
$-141.7M
Q2 24
$-88.6M
Q1 24
$-59.5M
Free Cash Flow
EFC
EFC
OMDA
OMDA
Q4 25
Q3 25
$9.6M
Q2 25
$-13.8M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
EFC
EFC
OMDA
OMDA
Q4 25
Q3 25
14.1%
Q2 25
-22.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
EFC
EFC
OMDA
OMDA
Q4 25
0.0%
Q3 25
0.8%
Q2 25
1.0%
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
EFC
EFC
OMDA
OMDA
Q4 25
-40.92×
Q3 25
-9.84×
Q2 25
-4.90×
Q1 25
-3.99×
Q4 24
-14.04×
Q3 24
-8.76×
Q2 24
-1.69×
Q1 24
-2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EFC
EFC

Segment breakdown not available.

OMDA
OMDA

Services$62.9M93%
Hardware$5.1M7%

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