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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $78.2M, roughly 1.8× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -2.3%, a 31.2% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 8.7%). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs 1.8%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
EFC vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $140.7M |
| Net Profit | $22.6M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 7.4% | -1.6% |
| Net Margin | 28.9% | -2.3% |
| Revenue YoY | 8.7% | 9.1% |
| Net Profit YoY | -26.2% | 62.1% |
| EPS (diluted) | $0.10 | $0.03 |
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 | $78.2M | $140.7M | ||
| Q3 25 | $82.8M | $118.8M | ||
| Q2 25 | $92.5M | $105.1M | ||
| Q1 25 | $82.9M | $104.2M | ||
| Q4 24 | $72.0M | $129.0M | ||
| Q3 24 | $67.0M | $118.6M | ||
| Q2 24 | $91.2M | $120.3M | ||
| Q1 24 | $75.5M | $120.0M |
| Q4 25 | $22.6M | $-3.2M | ||
| Q3 25 | $29.5M | $-11.7M | ||
| Q2 25 | $42.9M | $-17.3M | ||
| Q1 25 | $31.6M | $-19.1M | ||
| Q4 24 | $30.7M | $-8.5M | ||
| Q3 24 | $16.2M | $-39.2M | ||
| Q2 24 | $52.3M | $27.0K | ||
| Q1 24 | $26.9M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | 7.4% | -1.6% | ||
| Q3 25 | 31.1% | -10.2% | ||
| Q2 25 | 38.3% | -13.5% | ||
| Q1 25 | 37.3% | -13.9% | ||
| Q4 24 | 28.0% | -6.0% | ||
| Q3 24 | 24.0% | -39.5% | ||
| Q2 24 | 52.8% | -12.1% | ||
| Q1 24 | 42.2% | -19.3% |
| Q4 25 | 28.9% | -2.3% | ||
| Q3 25 | 35.7% | -9.9% | ||
| Q2 25 | 46.4% | -16.5% | ||
| Q1 25 | 38.2% | -18.4% | ||
| Q4 24 | 42.6% | -6.6% | ||
| Q3 24 | 24.1% | -33.1% | ||
| Q2 24 | 57.4% | 0.0% | ||
| Q1 24 | 35.6% | -41.8% |
| Q4 25 | $0.10 | $0.03 | ||
| Q3 25 | $0.29 | $0.11 | ||
| Q2 25 | $0.45 | $0.16 | ||
| Q1 25 | $0.35 | $0.18 | ||
| Q4 24 | $0.23 | $0.08 | ||
| Q3 24 | $0.19 | $0.36 | ||
| Q2 24 | $0.62 | $0.00 | ||
| Q1 24 | $0.32 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $201.9M | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $1.8B | $-29.7M |
| Total Assets | $19.4B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $24.3M | ||
| Q3 25 | $184.8M | $32.4M | ||
| Q2 25 | $211.0M | $34.2M | ||
| Q1 25 | $203.3M | $21.6M | ||
| Q4 24 | $192.4M | $29.0M | ||
| Q3 24 | $217.7M | $23.4M | ||
| Q2 24 | $198.5M | $23.4M | ||
| Q1 24 | $187.5M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.8B | $-29.7M | ||
| Q3 25 | $1.8B | $-26.9M | ||
| Q2 25 | $1.7B | $-15.6M | ||
| Q1 25 | $1.6B | $1.3M | ||
| Q4 24 | $1.6B | $20.2M | ||
| Q3 24 | $1.6B | $28.0M | ||
| Q2 24 | $1.6B | $66.4M | ||
| Q1 24 | $1.5B | $65.5M |
| Q4 25 | $19.4B | $296.3M | ||
| Q3 25 | $17.8B | $302.1M | ||
| Q2 25 | $17.1B | $303.8M | ||
| Q1 25 | $16.6B | $293.8M | ||
| Q4 24 | $16.3B | $307.8M | ||
| Q3 24 | $16.0B | $309.3M | ||
| Q2 24 | $15.1B | $362.1M | ||
| Q1 24 | $15.1B | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-925.5M | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | 0.0% | 1.4% |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $-5.8M | ||
| Q3 25 | $-290.4M | $-968.0K | ||
| Q2 25 | $-210.5M | $-4.0M | ||
| Q1 25 | $-126.4M | $-23.1M | ||
| Q4 24 | $-430.5M | $6.8M | ||
| Q3 24 | $-141.7M | $1.1M | ||
| Q2 24 | $-88.6M | $-8.9M | ||
| Q1 24 | $-59.5M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M | ||
| Q1 24 | — | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% | ||
| Q1 24 | — | -16.5% |
| Q4 25 | 0.0% | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 0.0% | 0.8% | ||
| Q3 24 | 0.0% | 0.9% | ||
| Q2 24 | 0.0% | 1.7% | ||
| Q1 24 | 0.0% | 2.5% |
| 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× | -330.22× | ||
| Q1 24 | -2.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
