---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-036741"
form_type: "8-K"
ticker: "EARN"
cik: "0001560672"
company_name: "Ellington Credit Co"
filed_at: "2026-05-20T13:07:06+00:00"
generated_at: "2026-05-20T13:08:21.324336+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ellington Credit Q1 net loss $32.3M; NAV falls to $4.09; $54M notes issued

## Summary
- GAAP net loss of $32.3M ($0.86/share) vs net loss of $21.1M ($0.56/share) in prior quarter.
- Net investment income $5.1M ($0.13/share); adjusted NII $7.3M ($0.19/share).
- NAV per share $4.09, down from prior quarter including $0.24 in distributions.
- CLO portfolio fair value $307.9M; purchased $30.7M and sold $34.2M of CLO investments.
- Issued $54M senior unsecured notes at 8.5% due 2031; rated BBB by Egan-Jones.

## SEC filing metadata
- accession: 0001628280-26-036741
- form_type: 8-K
- ticker: EARN
- cik: 0001560672
- company_name: Ellington Credit Co
- filed_at: 2026-05-20T13:07:06+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560672/000162828026036741/0001628280-26-036741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560672/000162828026036741/earn-20260519.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-036741
- JSON: https://secwatch.observer/filing/0001628280-26-036741.json
- Plain text: https://secwatch.observer/filing/0001628280-26-036741.txt

## Key facts
- Earnings Releases
  Ellington Credit Co reported the quarter ended March 31, 2026 results: revenue $5.1 million, net income $(32.3) million or $(0.86) per share, EPS $(0.86) per share.
  - Period: the quarter ended March 31, 2026
  - Revenue: $5.1 million
  - Net income: $(32.3) million or $(0.86) per share
  - EPS: $(0.86) per share
  - Result: reported results
  source text: which includes the effects of distributions of $0.24 per share for the quarter. • GAAP net loss was $(32.3) million or $(0.86) per share. • Net investment income ("NII") was $5.1 million, or $0.13 per share. ◦ Adjusted net investment income 1 was $7.3 million, or $0.19 per share. • CLO portfolio was $307.9 million as of March 31, 2026. ◦ CLO debt
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560672/000162828026036741/0001628280-26-036741-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.