Consolidated Balance Sheet - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	[1]	$ 187,467	$ 228,927
Restricted cash	[1]	6,343	1,618
Securities, at fair value(1)(2)	[1],[2]	1,328,848	1,518,377
Loans, at fair value(1)(2)	[1],[2]	12,644,232	12,306,636
Loan commitments, at fair value		3,917	2,584
Forward MSR-related investments, at fair value(1)		160,009	163,336
Mortgage servicing rights, at fair value		29,889	29,580
Investments in unconsolidated entities, at fair value	[1]	125,366	116,414
Real estate owned(1)(2)	[1],[2]	19,999	22,085
Financial derivatives—assets, at fair value		150,343	143,996
Reverse repurchase agreements		183,607	173,145
Due from brokers		17,099	51,884
Investment related receivables(1)	[1]	200,059	480,249
Other assets(1)	[1]	75,422	77,099
Total Assets		15,132,600	15,315,930
Liabilities
Securities sold short, at fair value		165,118	154,303
Repurchase agreements(1)	[1]	2,517,747	2,967,437
Financial derivatives—liabilities, at fair value		40,425	61,776
Due to brokers		62,646	62,442
Investment related payables		32,329	37,403
Other secured borrowings(1)	[1]	180,918	245,827
Other secured borrowings, at fair value(1)	[1]	1,569,149	1,424,668
HMBS-related obligations, at fair value		8,619,463	8,423,235
Unsecured borrowings, at fair value		270,936	272,765
Base management fee payable to affiliate		5,730	5,660
Dividends payable		15,168	11,528
Interest payable(1)	[1]	25,177	22,933
Accrued expenses and other liabilities(1)	[1]	74,638	90,341
Total Liabilities		13,579,444	13,780,318
Commitments and contingencies
ANALYSIS OF EQUITY:
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized; 14,757,222 and 14,757,222 shares issued and outstanding, and $368,931 and $368,931 aggregate liquidation preference, respectively		355,551	355,551
Common stock, par value $0.001 per share, 200,000,000 shares authorized; 85,056,648 and 83,000,488 shares issued and outstanding, respectively		85	83
Additional paid-in-capital		1,540,857	1,514,797
Retained earnings (accumulated deficit)		(363,034)	(353,360)
Total Stockholders' Equity		1,533,459	1,517,071
Non-controlling interests(1)	[1]	19,697	18,541
Total Equity		1,553,156	1,535,612
Total Liabilities and Equity		$ 15,132,600	$ 15,315,930

[1] Ellington Financial Inc.'s Consolidated Balance Sheets include assets and liabilities of variable interest entities it has consolidated. See Note 12 for additional details on Ellington Financial Inc.'s consolidated variable interest entities.

[2] Includes assets pledged as collateral to counterparties. See Note 14 for additional details on the Company's borrowings and related collateral.