Claros Mortgage Trust (CMTG) Operating Expenses (2020 - 2026)
Claros Mortgage Trust's (CMTG) quarterly Operating Expenses came in at $48.9 million in Q2 2026, up 14.59% on a YoY basis from $42.7 million in Q2 2025, and up 5.21% quarter-over-quarter from $46.5 million in Q1 2026.
Analysis
Claros Mortgage Trust (CMTG) Operating Expenses (2020 - 2026) Analysis & Trends
Claros Mortgage Trust (CMTG) has reported Operating Expenses for 7 consecutive years, with $48.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 14.59% year-over-year to $48.9 million; the trailing twelve-month figure through Jun 2026 stood at $193.7 million (up 17.49% YoY), and the FY2025 full-year result was $178.6 million, up 8.27% from the prior year.
- Operating Expenses improved to $48.9 million in Q2 2026 per CMTG's latest filing, from $46.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $52.0 million in Q4 2025 and bottomed at $26.5 million in Q1 2022.
- Historically, Operating Expenses has averaged $40.2 million across 5 years, with a median of $40.3 million in 2023.
- The widest YoY moves for Operating Expenses: up 93.93% in 2022, down 4.89% in 2022.
- Over 5 years, Operating Expenses stood at $37.4 million in 2022, then increased by 8.9% to $40.7 million in 2023, then climbed by 4.6% to $42.6 million in 2024, then gained by 22.19% to $52.0 million in 2025, then declined by 5.94% to $48.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $48.9 million, $46.5 million, and $52.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 16.21 Mn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 51.40 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 111.00 Mn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 17.16 Mn |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 76.02 Mn |
| 10 | Claros Mortgage Trust | 217.79 Mn | 127.46 Mn | - | 48.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.93 Mn |
| Mar 31, 2026 | 46.51 Mn |
| Dec 31, 2025 | 52.02 Mn |
| Sep 30, 2025 | 46.25 Mn |
| Jun 30, 2025 | 42.70 Mn |
| Mar 31, 2025 | 37.65 Mn |
| Dec 31, 2024 | 42.57 Mn |
| Sep 30, 2024 | 41.95 Mn |
| Jun 30, 2024 | 41.21 Mn |
| Mar 31, 2024 | 39.25 Mn |
| Dec 31, 2023 | 40.70 Mn |
| Sep 30, 2023 | 39.88 Mn |
| Jun 30, 2023 | 37.75 Mn |
| Mar 31, 2023 | 37.01 Mn |
| Dec 31, 2022 | 37.37 Mn |
| Sep 30, 2022 | 35.52 Mn |
| Jun 30, 2022 | 30.45 Mn |
| Mar 31, 2022 | 26.45 Mn |
| Dec 31, 2021 | 39.29 Mn |
| Sep 30, 2021 | 23.46 Mn |