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
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