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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and Voyager Technologies, Inc. (VOYG). Click either name above to swap in a different company.
Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $35.2M, roughly 2.2× Voyager Technologies, Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -130.4%, a 159.3% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs 2.1%).
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.
EFC vs VOYG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $35.2M |
| Net Profit | $22.6M | $-45.9M |
| Gross Margin | — | -4.4% |
| Operating Margin | 7.4% | — |
| Net Margin | 28.9% | -130.4% |
| Revenue YoY | 8.7% | 2.1% |
| Net Profit YoY | -26.2% | -64.5% |
| EPS (diluted) | $0.10 | $-0.75 |
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.
| Q1 26 | — | $35.2M | ||
| Q4 25 | $78.2M | $46.7M | ||
| Q3 25 | $82.8M | $39.6M | ||
| Q2 25 | $92.5M | $45.7M | ||
| Q1 25 | $82.9M | — | ||
| Q4 24 | $72.0M | — | ||
| Q3 24 | $67.0M | — | ||
| Q2 24 | $91.2M | — |
| Q1 26 | — | $-45.9M | ||
| Q4 25 | $22.6M | $-33.0M | ||
| Q3 25 | $29.5M | $-16.3M | ||
| Q2 25 | $42.9M | $-31.4M | ||
| Q1 25 | $31.6M | — | ||
| Q4 24 | $30.7M | — | ||
| Q3 24 | $16.2M | — | ||
| Q2 24 | $52.3M | — |
| Q1 26 | — | -4.4% | ||
| Q4 25 | — | 21.4% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | — | 18.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.4% | — | ||
| Q3 25 | 31.1% | -60.7% | ||
| Q2 25 | 38.3% | -52.8% | ||
| Q1 25 | 37.3% | — | ||
| Q4 24 | 28.0% | — | ||
| Q3 24 | 24.0% | — | ||
| Q2 24 | 52.8% | — |
| Q1 26 | — | -130.4% | ||
| Q4 25 | 28.9% | -70.7% | ||
| Q3 25 | 35.7% | -41.1% | ||
| Q2 25 | 46.4% | -68.7% | ||
| Q1 25 | 38.2% | — | ||
| Q4 24 | 42.6% | — | ||
| Q3 24 | 24.1% | — | ||
| Q2 24 | 57.4% | — |
| Q1 26 | — | $-0.75 | ||
| Q4 25 | $0.10 | $-0.52 | ||
| Q3 25 | $0.29 | $-0.28 | ||
| Q2 25 | $0.45 | $-1.23 | ||
| Q1 25 | $0.35 | — | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.19 | — | ||
| Q2 24 | $0.62 | — |
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 | $429.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $404.5M |
| Total Assets | $19.4B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $429.4M | ||
| Q4 25 | $201.9M | $491.3M | ||
| Q3 25 | $184.8M | $413.3M | ||
| Q2 25 | $211.0M | $468.9M | ||
| Q1 25 | $203.3M | — | ||
| Q4 24 | $192.4M | — | ||
| Q3 24 | $217.7M | — | ||
| Q2 24 | $198.5M | — |
| Q1 26 | — | $404.5M | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $590.9M | ||
| Q2 25 | $1.7B | $554.7M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $19.4B | — | ||
| Q3 25 | $17.8B | $727.8M | ||
| Q2 25 | $17.1B | $685.3M | ||
| Q1 25 | $16.6B | — | ||
| Q4 24 | $16.3B | — | ||
| Q3 24 | $16.0B | — | ||
| Q2 24 | $15.1B | — |
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 | $-39.7M |
| Free Cash FlowOCF − Capex | — | $-66.8M |
| FCF MarginFCF / Revenue | — | -189.5% |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-263.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-39.7M | ||
| Q4 25 | $-925.5M | $-60.9M | ||
| Q3 25 | $-290.4M | $-15.1M | ||
| Q2 25 | $-210.5M | $-30.9M | ||
| Q1 25 | $-126.4M | — | ||
| Q4 24 | $-430.5M | — | ||
| Q3 24 | $-141.7M | — | ||
| Q2 24 | $-88.6M | — |
| Q1 26 | — | $-66.8M | ||
| Q4 25 | — | $-54.5M | ||
| Q3 25 | — | $-53.8M | ||
| Q2 25 | — | $-88.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | -189.5% | ||
| Q4 25 | — | -116.9% | ||
| Q3 25 | — | -135.8% | ||
| Q2 25 | — | -194.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | — | ||
| Q3 25 | — | 97.8% | ||
| Q2 25 | — | 126.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | — | — | ||
| 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× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
