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

Dynex Capital recorded quarterly Operating Expenses of $21.3 million in Q1 2026, up 27.73% quarter-over-quarter from $16.6 million in Q4 2025, and up 75.38% year-over-year from $12.1 million in Q1 2025.

Dynex Capital's Operating Expenses history runs 14 years deep, the most recent figure standing at $21.3 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 75.38% year-over-year to $21.3 million; the TTM figure through Mar 2026 stood at $62.2 million (up 66.65% YoY), while the FY2025 annual figure 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.
  • A 5-year average of $10.4 million and a median of $8.8 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 213.24% in 2022 and declined 18.31% in 2023, its largest moves.
  • Dynex Capital's Operating Expenses stood at $8.3 million in 2022, then climbed by 5.66% to $8.8 million in 2023, then climbed by 4.98% to $9.2 million in 2024, then soared by 79.96% to $16.6 million in 2025, then advanced by 27.73% to $21.3 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $21.3 million, $16.6 million, and $12.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 15.61 Bn 13.35 Bn - 63.74 Mn
2 AGNC Investment 11.52 Bn 10.85 Bn - 34.00 Mn
3 Starwood Property Trust 6.36 Bn 6.36 Bn - 480.31 Mn
4 Rithm Capital 5.16 Bn 4.85 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 3.04 Bn 2.49 Bn - 110.77 Mn
6 Dynex Capital 2.57 Bn 1.80 Bn - 21.25 Mn
7 Armour Residential REIT 2.00 Bn 1.27 Bn - 15.35 Mn
8 Ellington Financial 1.67 Bn 1.39 Bn - 80.37 Mn
9 Two Harbors Investment 1.31 Bn 763.45 Mn - 49.45 Mn
10 Orchid Island Capital 1.29 Bn 612.78 Mn - 7.40 Mn

Historic Data

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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
Mar 31, 2021 2.37 Mn
Dec 31, 2020 2.41 Mn
Sep 30, 2020 2.39 Mn
Jun 30, 2020 2.08 Mn
Mar 31, 2020 2.46 Mn
Dec 31, 2019 5.93 Mn
Sep 30, 2019 5.73 Mn
Jun 30, 2019 6.78 Mn
Mar 31, 2019 6.01 Mn
Dec 31, 2018 5.80 Mn
Sep 30, 2018 6.22 Mn
Jun 30, 2018 6.26 Mn
Mar 31, 2018 5.32 Mn
Dec 31, 2017 5.53 Mn
Sep 30, 2017 5.13 Mn
Jun 30, 2017 6.15 Mn
Mar 31, 2017 6.32 Mn
Dec 31, 2016 5.46 Mn
Sep 30, 2016 4.97 Mn
Jun 30, 2016 5.47 Mn
Mar 31, 2016 5.97 Mn
Dec 31, 2015 6.25 Mn
Sep 30, 2015 6.43 Mn
Jun 30, 2015 7.16 Mn
Mar 31, 2015 6.40 Mn
Dec 31, 2014 6.03 Mn
Sep 30, 2014 5.48 Mn
Jun 30, 2014 5.31 Mn
Mar 31, 2014 5.69 Mn
Dec 31, 2013 1.77 Mn
Sep 30, 2013 1.35 Mn