BrightSpire Capital (BRSP) Operating Expenses (2017 - 2026)

BrightSpire Capital (BRSP) reported Operating Expenses of $48.5 million for Q1 2026, up 18.01% year-over-year from $41.1 million in Q1 2025, and down 28.85% quarter-over-quarter from $68.2 million in Q4 2025.

BrightSpire Capital (BRSP) Operating Expenses (2017 - 2026) Analysis & Trends

BrightSpire Capital (BRSP) has 10 years of Operating Expenses data on file, last reported at $48.5 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $48.5 million, up 18.01% year-over-year; the trailing twelve-month figure through Mar 2026 was $268.7 million (changed 0.32% YoY), and the FY2025 annual result was $261.3 million, down 23.04% from the prior year.
  • Operating Expenses fell to $48.5 million in Q1 2026 per BRSP's latest filing, from $68.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $121.7 million in Q2 2024 and troughed at $8.5 million in Q1 2022.
  • A 5-year average of $60.1 million and a median of $54.5 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses slumped 94.72% in 2022, then soared 749.23% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $53.5 million in 2022, then surged by 42.05% to $76.0 million in 2023, then retreated by 11.27% to $67.4 million in 2024, then climbed by 1.19% to $68.2 million in 2025, then dropped by 28.85% to $48.5 million in 2026.
  • Business Quant data shows BRSP's Operating Expenses at $48.5 million in Q1 2026, $68.2 million in Q4 2025, and $54.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 63.74 Mn
2 AGNC Investment 11.42 Bn 10.75 Bn - 34.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 480.31 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 110.77 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - 21.25 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 15.35 Mn
8 Ellington Financial 1.67 Bn 1.39 Bn - 80.37 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 49.45 Mn
10 BrightSpire Capital 698.93 Mn 602.37 Mn - 48.53 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 48.53 Mn
Dec 31, 2025 68.20 Mn
Sep 30, 2025 54.55 Mn
Jun 30, 2025 97.46 Mn
Mar 31, 2025 41.12 Mn
Dec 31, 2024 67.40 Mn
Sep 30, 2024 37.66 Mn
Jun 30, 2024 121.70 Mn
Mar 31, 2024 112.82 Mn
Dec 31, 2023 75.96 Mn
Sep 30, 2023 46.32 Mn
Jun 30, 2023 62.58 Mn
Mar 31, 2023 72.08 Mn
Dec 31, 2022 53.47 Mn
Sep 30, 2022 8.98 Mn
Jun 30, 2022 44.57 Mn
Mar 31, 2022 8.49 Mn
Dec 31, 2021 8.51 Mn
Sep 30, 2021 9.51 Mn
Jun 30, 2021 10.11 Mn