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| Date | Value |
|---|---|
| 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 |