BrightSpire Capital (BRSP) Operating Expenses (2017 - 2026)
BrightSpire Capital (BRSP) posted quarterly Operating Expenses of $68.2 million for Q2 2026, down 29.98% year-over-year from $97.5 million in Q2 2025, and up 40.64% quarter-over-quarter from $48.5 million in Q1 2026.
BrightSpire Capital (BRSP) Operating Expenses (2017 - 2026) Analysis & Trends
BrightSpire Capital (BRSP) has reported Operating Expenses for 10 consecutive years, with $68.2 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses fell 29.98% year-over-year to $68.2 million; the TTM figure through Jun 2026 stood at $239.5 million (down 1.7% YoY), while the FY2025 annual figure was $261.3 million, down 23.04% from the prior year.
- Operating Expenses advanced to $68.2 million in Q2 2026 per BRSP's latest filing, from $48.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $121.7 million in Q2 2024 and bottomed at $35.7 million in Q1 2022.
- Historically, Operating Expenses has averaged $65.7 million across 5 years, with a median of $65.0 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses plunged 77.8% — and 2023, when it soared 101.88%.
- BrightSpire Capital's Operating Expenses stood at $53.5 million in 2022, then soared by 42.05% to $76.0 million in 2023, then decreased by 11.27% to $67.4 million in 2024, then grew by 1.19% to $68.2 million in 2025, then climbed by 0.07% to $68.2 million in 2026.
- Business Quant data shows BRSP's Operating Expenses at $68.2 million in Q2 2026, $48.5 million in Q1 2026, and $68.2 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 16.21 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 111.00 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 17.16 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 76.02 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 6.76 Mn |
| 10 | BrightSpire Capital | 615.81 Mn | 514.25 Mn | - | 68.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 68.25 Mn |
| 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 | 75.03 Mn |
| Jun 30, 2022 | 44.57 Mn |
| Mar 31, 2022 | 35.71 Mn |
| Dec 31, 2021 | 29.53 Mn |
| Sep 30, 2021 | 37.75 Mn |