Dynex Capital (DX) Operating Expenses (2013 - 2026)
Dynex Capital (DX) reported Operating Expenses of $21.3 million for Q1 2026, up 75.38% on a YoY basis from $12.1 million in Q1 2025, and up 27.73% sequentially from $16.6 million in Q4 2025.
Dynex Capital (DX) Operating Expenses (2013 - 2026) Analysis & Trends
Dynex Capital (DX) has 14 years of Operating Expenses data on file, last reported at $21.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 75.38% year-over-year to $21.3 million; the trailing twelve-month figure through Mar 2026 stood at $62.2 million (up 66.65% YoY), and the FY2025 full-year result was $53.0 million, up 45.34% from the prior year.
- Operating Expenses improved to $21.3 million in Q1 2026, 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 surged 213.24% in 2022 and dropped 18.31% in 2023, its largest moves.
- Tracing DX's Operating Expenses over 5 years: stood at $8.3 million in 2022, then gained by 5.66% to $8.8 million in 2023, then gained by 4.98% to $9.2 million in 2024, then jumped by 79.96% to $16.6 million in 2025, then rose by 27.73% to $21.3 million in 2026.
- Business Quant data shows DX's Operating Expenses at $21.3 million in Q1 2026, $16.6 million in Q4 2025, and $12.0 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 | Ladder Capital | 1.20 Bn | 1.17 Bn | - | 48.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |