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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $69.8M, roughly 1.1× RIGEL PHARMACEUTICALS INC). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs 28.9%, a 355.1% gap on every dollar of revenue. On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% vs 8.7%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% 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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

EFC vs RIGL — Head-to-Head

Bigger by revenue
EFC
EFC
1.1× larger
EFC
$78.2M
$69.8M
RIGL
Growing faster (revenue YoY)
RIGL
RIGL
+12.5% gap
RIGL
21.2%
8.7%
EFC
Higher net margin
RIGL
RIGL
355.1% more per $
RIGL
384.0%
28.9%
EFC
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
RIGL
RIGL
Revenue
$78.2M
$69.8M
Net Profit
$22.6M
$268.1M
Gross Margin
91.5%
Operating Margin
7.4%
33.2%
Net Margin
28.9%
384.0%
Revenue YoY
8.7%
21.2%
Net Profit YoY
-26.2%
1769.2%
EPS (diluted)
$0.10
$14.11

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
RIGL
RIGL
Q4 25
$78.2M
$69.8M
Q3 25
$82.8M
$69.5M
Q2 25
$92.5M
$101.7M
Q1 25
$82.9M
$53.3M
Q4 24
$72.0M
$57.6M
Q3 24
$67.0M
$55.3M
Q2 24
$91.2M
$36.8M
Q1 24
$75.5M
$29.5M
Net Profit
EFC
EFC
RIGL
RIGL
Q4 25
$22.6M
$268.1M
Q3 25
$29.5M
$27.9M
Q2 25
$42.9M
$59.6M
Q1 25
$31.6M
$11.4M
Q4 24
$30.7M
$14.3M
Q3 24
$16.2M
$12.4M
Q2 24
$52.3M
$-1.0M
Q1 24
$26.9M
$-8.2M
Gross Margin
EFC
EFC
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
85.5%
Q2 24
92.4%
Q1 24
93.1%
Operating Margin
EFC
EFC
RIGL
RIGL
Q4 25
7.4%
33.2%
Q3 25
31.1%
40.9%
Q2 25
38.3%
60.1%
Q1 25
37.3%
23.9%
Q4 24
28.0%
28.9%
Q3 24
24.0%
25.4%
Q2 24
52.8%
1.2%
Q1 24
42.2%
-23.6%
Net Margin
EFC
EFC
RIGL
RIGL
Q4 25
28.9%
384.0%
Q3 25
35.7%
40.2%
Q2 25
46.4%
58.6%
Q1 25
38.2%
21.5%
Q4 24
42.6%
24.9%
Q3 24
24.1%
22.5%
Q2 24
57.4%
-2.8%
Q1 24
35.6%
-27.9%
EPS (diluted)
EFC
EFC
RIGL
RIGL
Q4 25
$0.10
$14.11
Q3 25
$0.29
$1.46
Q2 25
$0.45
$3.28
Q1 25
$0.35
$0.63
Q4 24
$0.23
$0.82
Q3 24
$0.19
$0.70
Q2 24
$0.62
$-0.06
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
EFC
EFC
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$201.9M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$1.8B
$391.5M
Total Assets
$19.4B
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
RIGL
RIGL
Q4 25
$201.9M
$155.0M
Q3 25
$184.8M
$137.1M
Q2 25
$211.0M
$108.4M
Q1 25
$203.3M
$77.1M
Q4 24
$192.4M
$77.3M
Q3 24
$217.7M
$61.1M
Q2 24
$198.5M
$49.1M
Q1 24
$187.5M
$49.5M
Total Debt
EFC
EFC
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
EFC
EFC
RIGL
RIGL
Q4 25
$1.8B
$391.5M
Q3 25
$1.8B
$117.6M
Q2 25
$1.7B
$81.9M
Q1 25
$1.6B
$18.6M
Q4 24
$1.6B
$3.3M
Q3 24
$1.6B
$-14.6M
Q2 24
$1.6B
$-29.9M
Q1 24
$1.5B
$-31.7M
Total Assets
EFC
EFC
RIGL
RIGL
Q4 25
$19.4B
$513.6M
Q3 25
$17.8B
$242.5M
Q2 25
$17.1B
$206.7M
Q1 25
$16.6B
$176.0M
Q4 24
$16.3B
$164.0M
Q3 24
$16.0B
$139.4M
Q2 24
$15.1B
$128.4M
Q1 24
$15.1B
$126.5M
Debt / Equity
EFC
EFC
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
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
RIGL
RIGL
Operating Cash FlowLast quarter
$-925.5M
$22.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-40.92×
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
RIGL
RIGL
Q4 25
$-925.5M
$22.0M
Q3 25
$-290.4M
$24.0M
Q2 25
$-210.5M
$30.5M
Q1 25
$-126.4M
$-893.0K
Q4 24
$-430.5M
$14.5M
Q3 24
$-141.7M
$21.7M
Q2 24
$-88.6M
$302.0K
Q1 24
$-59.5M
$-5.0M
Capex Intensity
EFC
EFC
RIGL
RIGL
Q4 25
0.0%
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
EFC
EFC
RIGL
RIGL
Q4 25
-40.92×
0.08×
Q3 25
-9.84×
0.86×
Q2 25
-4.90×
0.51×
Q1 25
-3.99×
-0.08×
Q4 24
-14.04×
1.01×
Q3 24
-8.76×
1.75×
Q2 24
-1.69×
Q1 24
-2.21×

Financial Flow Comparison

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

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