Other Assets (Tables)

12 Months Ended

Dec. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

The following table provides additional details of the Company's assets included in Other assets on the Consolidated Balance Sheet at December 31, 2025 and 2024.


Other Assets	December 31, 2025		December 31, 2024
	(In thousands)
Prepaid expenses, advances, and deferred offering costs	$	6,804	$	12,396
Leases—right of use assets(1)	3,992		5,161
Prepaid scheduled draws on reverse mortgage loans and amounts due from sub-servicer	3,620		3,375
Accounts receivable	7,449		4,985
Intangible assets	1,786		2,171
Certificates of deposit, security deposits, and escrow cash	853		1,604
Property and equipment(2)	868		1,360
Receivables and claims related to reverse mortgage loans repurchased from HMBS(3)	1,074		1,239
Other	—		513
	$	26,446	$	32,804

(1)See Note 24 for additional details on the Company's leases and ROU assets.

(2)Net of accumulated depreciation.

(3)Represents receivables from third-parties and claims to HUD related to loans repurchased from HMBS. See Note 13, Issuance of HMBS for discussion on the maximum claim amount related to reverse mortgage loans in HMBS.

Schedule of Intangible Assets and Goodwill

The following table details the Company's intangible assets as of December 31, 2025 and 2024.


	December 31, 2025							December 31, 2024
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Useful Life	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Useful Life
	(In thousands)						(In months)	(In thousands)						(In months)
Intangible Asset:
Internally developed software	$	1,400	$	(1,400)	$	—	36	$	1,400	$	(1,050)	$	350	36
Trademarks/trade names	1,200		—		1,200		Indefinite	1,200		—		1,200		Indefinite
Customer relationships	700		(114)		586		240	700		(79)		621		240
Total identified intangible assets	$	3,300	$	(1,514)	$	1,786		$	3,300	$	(1,129)	$	2,171

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes changes in the net carrying value of the Company's intangible assets for the years ended December 31, 2025, 2024, and 2023.


(In thousands)	Internally Developed Software		Trademarks/Trade Names		Customer Relationships		Non-Compete Agreements		Total
Net carrying value of intangible assets: Balance—December 31, 2022	$	1,284	$	1,200	$	691	$	100	$	3,275
Accumulated Amortization	(467)		—		(35)		(100)		(602)
Net carrying value of intangible assets: Balance—December 31, 2023	817		1,200		656		—		2,673
Accumulated Amortization	(467)		—		(35)		—		(502)
Net carrying value of intangible assets: Balance—December 31, 2024	350		1,200		621		—		2,171
Accumulated Amortization	(350)		—		(35)		—		(385)
Net carrying value of intangible assets: Balance—December 31, 2025	$	—	$	1,200	$	586	$	—	$	1,786

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table summarizes the Company's estimated future amortization expense on its intangible assets.


	December 31, 2025
	(In thousands)
2026	$	35
2027	35
2028	35
2029	35
2030	35
Thereafter	411
Total	$	586

Ellington Financial Inc. 10-K