Consolidated Balance Sheet - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	[1]	$ 217,053	$ 92,661
Restricted cash	[1]	4,816	175
Securities, at fair value(1)(2)	[1],[2]	1,459,465	2,087,360
Loans, at fair value	[1],[2]	11,626,008	2,415,321
Loan commitments, at fair value		3,060	0
Servicing Asset at Fair Value, Amount		8,108	0
Investment in unconsolidated entities, at fair value	[1]	127,046	195,643
Real estate owned	[1],[2]	28,403	24,681
Financial derivatives—assets, at fair value		132,518	18,894
Reverse repurchase agreements		226,444	123,250
Due from brokers		36,761	93,549
Investment related receivables	[1]	139,413	122,175
Other assets	[1]	76,791	3,710
Total Assets		14,085,886	5,177,419
Liabilities
Securities sold short, at fair value		209,203	120,525
Repurchase agreements	[1]	2,609,685	2,469,763
Financial derivatives—liabilities, at fair value		54,198	12,298
Due to brokers		34,507	2,233
Investment related payables		49,323	39,048
Other secured borrowings	[1]	276,058	96,622
Other secured borrowings, at fair value	[1]	1,539,881	984,168
HMBS-related obligations, at fair value		7,787,155	0
Senior notes, net		0	85,802
Senior notes, at fair value		191,835	0
Base management fee payable to affiliate		4,641	3,115
Incentive Fee Payable		0	3,246
Dividends payable		12,243	10,375
Interest payable	[1]	22,452	4,570
Accrued expenses and other liabilities	[1]	73,819	22,098
Total Liabilities		12,865,000	3,853,863
Commitments and contingencies
ANALYSIS OF EQUITY:
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized;6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable; 4,600,000 shares issued and outstanding ($115,000 liquidation preference)		227,432	226,939
Common stock, par value $0.001 per share, 100,000,000 shares authorized; 43,781,684 and 43,781,684 shares issued and outstanding, respectively		64	58
Additional paid-in-capital		1,259,352	1,161,603
Retained earnings (accumulated deficit)		(290,881)	(97,279)
Total Stockholders' Equity		1,195,967	1,291,321
Non-controlling interests	[1]	24,919	32,235
Total Equity		1,220,886	1,323,556
Total Liabilities and Equity		14,085,886	5,177,419
Loans, at fair value	[1],[2]	$ 11,626,008	$ 2,415,321

[1] Ellington Financial Inc.'s Consolidated Balance Sheets include assets and liabilities of variable interest entities it has consolidated. See Note 11 for additional details on Ellington Financial Inc.'s consolidated variable interest entities.

[2] Includes assets pledged as collateral to counterparties. See Note 13 for additional details on the Company's borrowings and related collateral.