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

BrightSpire Capital's (BRSP) quarterly Operating Expenses came in at $48.5 million in Q1 2026, up 18.01% year-on-year from $41.1 million in Q1 2025, and down 28.85% on a QoQ basis 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.

  • On a quarterly basis, Operating Expenses rose 18.01% year-over-year to $48.5 million in Q1 2026; TTM through Mar 2026 was $268.7 million, a 0.32% change from a year earlier, with the FY2025 full-year figure at $261.3 million, down 23.04% from the prior year.
  • Operating Expenses for Q1 2026 stood at $48.5 million, down from $68.2 million in the prior quarter.
  • Over the last five years, Operating Expenses for BRSP reached as high as $121.7 million in Q2 2024 and fell as low as $3.4 million in Q4 2022.
  • Historically, Operating Expenses has averaged $55.0 million across 5 years, with a median of $54.5 million in 2025.
  • Across the five-year window, Operating Expenses plunged 94.72% in 2022 and jumped 2145.31% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $3.4 million in 2022, then soared by 2145.31% to $76.0 million in 2023, then dropped by 11.27% to $67.4 million in 2024, then rose by 1.19% to $68.2 million in 2025, then retreated by 28.85% to $48.5 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 16.30 Bn 14.44 Bn - 63.74 Mn
2 AGNC Investment 11.85 Bn 11.36 Bn - 34.00 Mn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 480.31 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 110.77 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 80.37 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - 21.25 Mn
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 17.16 Mn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 49.45 Mn
10 BrightSpire Capital 656.12 Mn 563.40 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 3.38 Mn
Sep 30, 2022 8.98 Mn
Jun 30, 2022 8.59 Mn
Mar 31, 2022 8.49 Mn
Dec 31, 2021 29.53 Mn
Sep 30, 2021 37.75 Mn
Jun 30, 2021 42.91 Mn