Invesco Mortgage Capital (IVR) Operating Expenses (2010 - 2026)

Invesco Mortgage Capital (IVR) reported Operating Expenses of $4.9 million for Q1 2026, up 4.98% on a YoY basis from $4.7 million in Q1 2025, and up 7.14% quarter-over-quarter from $4.6 million in Q4 2025.

Invesco Mortgage Capital (IVR) Operating Expenses (2010 - 2026) Analysis & Trends

Invesco Mortgage Capital has reported Operating Expenses for 17 years, with the latest figure at $4.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 4.98% year-over-year to $4.9 million; the trailing twelve-month figure through Mar 2026 stood at $18.8 million (down 1.2% YoY), and the FY2025 full-year result was $18.6 million, down 2.41% from the prior year.
  • Operating Expenses for Q1 2026 stood at $4.9 million, up from $4.6 million in the prior quarter.
  • The five-year high for Operating Expenses was $7.3 million in Q1 2022, with the low at $4.5 million in Q3 2025.
  • Historically, Operating Expenses has averaged $5.1 million across 5 years, with a median of $4.9 million in 2025.
  • Annual changes were most pronounced in 2022 — Operating Expenses gained 6.12% — and 2023, when it slumped 30.56%.
  • Invesco Mortgage Capital's Operating Expenses stood at $5.0 million in 2022, then declined by 5.64% to $4.8 million in 2023, then increased by 0.65% to $4.8 million in 2024, then dropped by 4.52% to $4.6 million in 2025, then rose by 7.14% to $4.9 million in 2026.
  • The last three Operating Expenses figures came in at $4.9 million (Q1 2026), $4.6 million (Q4 2025), and $4.5 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 Invesco Mortgage Capital 639.41 Mn 585.70 Mn - 4.89 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.89 Mn
Dec 31, 2025 4.57 Mn
Sep 30, 2025 4.47 Mn
Jun 30, 2025 4.87 Mn
Mar 31, 2025 4.66 Mn
Dec 31, 2024 4.78 Mn
Sep 30, 2024 4.69 Mn
Jun 30, 2024 4.89 Mn
Mar 31, 2024 4.66 Mn
Dec 31, 2023 4.75 Mn
Sep 30, 2023 4.78 Mn
Jun 30, 2023 5.13 Mn
Mar 31, 2023 5.07 Mn
Dec 31, 2022 5.03 Mn
Sep 30, 2022 5.85 Mn
Jun 30, 2022 7.14 Mn
Mar 31, 2022 7.30 Mn
Dec 31, 2021 7.18 Mn
Sep 30, 2021 7.57 Mn
Jun 30, 2021 7.60 Mn