Dynex Capital (DX-PC) Operating Expenses (2013 - 2026)

Dynex Capital's (DX-PC) quarterly Operating Expenses came in at $21.3 million in Q1 2026, up 75.38% year-on-year from $12.1 million in Q1 2025, and up 27.73% quarter-over-quarter from $16.6 million in Q4 2025.

Dynex Capital (DX-PC) Operating Expenses (2013 - 2026) Analysis & Trends

Dynex Capital has disclosed Operating Expenses across 14 years of filings, most recently posting $21.3 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $21.3 million, up 75.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $62.2 million (up 66.65% YoY), and the FY2025 annual result was $53.0 million, up 45.34% from the prior year.
  • Operating Expenses came in at $21.3 million for Q1 2026 at Dynex Capital, up from $16.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $21.3 million in Q1 2026 to a low of $7.2 million in Q2 2024.
  • The 5-year median for Operating Expenses is $8.8 million (2023), against an average of $10.4 million.
  • Across the five-year window, Operating Expenses surged 213.24% in 2022 and dropped 18.31% in 2023, its largest moves.
  • Dynex Capital's Operating Expenses stood at $8.3 million in 2022, then advanced by 5.66% to $8.8 million in 2023, then advanced by 4.98% to $9.2 million in 2024, then surged by 79.96% to $16.6 million in 2025, then gained by 27.73% to $21.3 million in 2026.
  • The last three Operating Expenses figures came in at $21.3 million (Q1 2026), $16.6 million (Q4 2025), and $12.0 million (Q3 2025), per Business Quant data.

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 Dynex Capital - - - 21.25 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 21.25 Mn
Dec 31, 2025 16.64 Mn
Sep 30, 2025 12.00 Mn
Jun 30, 2025 12.29 Mn
Mar 31, 2025 12.12 Mn
Dec 31, 2024 9.25 Mn
Sep 30, 2024 8.71 Mn
Jun 30, 2024 7.24 Mn
Mar 31, 2024 11.30 Mn
Dec 31, 2023 8.81 Mn
Sep 30, 2023 8.64 Mn
Jun 30, 2023 7.63 Mn
Mar 31, 2023 7.80 Mn
Dec 31, 2022 8.34 Mn
Sep 30, 2022 10.58 Mn
Jun 30, 2022 7.50 Mn
Mar 31, 2022 7.43 Mn
Dec 31, 2021 2.91 Mn
Sep 30, 2021 3.57 Mn
Jun 30, 2021 2.47 Mn