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| 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 | 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 |