Ladder Capital (LADR) Operating Expenses (2013 - 2026)

Ladder Capital's (LADR) quarterly Operating Expenses came in at $5.1 million in Q1 2026, up 12.8% year-on-year from $4.5 million in Q1 2025, and up 105.42% quarter-over-quarter from -$94.0 million in Q4 2025.

Ladder Capital (LADR) Operating Expenses (2013 - 2026) Analysis & Trends

Ladder Capital has disclosed Operating Expenses across 14 years of filings, most recently posting $5.1 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $5.1 million, up 12.8% year-over-year; the trailing twelve-month figure through Mar 2026 was -$82.8 million (down 730.69% YoY), and the FY2025 annual result was $19.4 million, up 151.7% from the prior year.
  • Operating Expenses came in at $5.1 million for Q1 2026 at Ladder Capital, up from -$94.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $144.5 million in Q4 2023 to a low of -$94.0 million in Q4 2025.
  • The 5-year median for Operating Expenses is $5.1 million (2026), against an average of $17.9 million.
  • Across the five-year window, Operating Expenses jumped 2568.59% in 2023 and tumbled 5294.42% in 2025, its largest moves.
  • Ladder Capital's Operating Expenses stood at $5.4 million in 2022, then surged by 2568.59% to $144.5 million in 2023, then tumbled by 98.75% to $1.8 million in 2024, then sank by 5294.42% to -$94.0 million in 2025, then surged by 105.42% to $5.1 million in 2026.
  • The last three Operating Expenses figures came in at $5.1 million (Q1 2026), -$94.0 million (Q4 2025), and $5.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 16.03 Bn 13.77 Bn - 63.74 Mn
2 AGNC Investment 11.65 Bn 10.98 Bn - 34.00 Mn
3 Starwood Property Trust 6.12 Bn 6.12 Bn - 480.31 Mn
4 Rithm Capital 5.12 Bn 4.81 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 3.06 Bn 2.51 Bn - 110.77 Mn
6 Dynex Capital 2.62 Bn 1.84 Bn - 21.25 Mn
7 Armour Residential REIT 2.01 Bn 1.28 Bn - 15.35 Mn
8 Ellington Financial 1.65 Bn 1.37 Bn - 80.37 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 49.45 Mn
10 Ladder Capital 1.27 Bn 1.24 Bn - 5.09 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 5.09 Mn
Dec 31, 2025 -93.97 Mn
Sep 30, 2025 5.28 Mn
Jun 30, 2025 844,000.00
Mar 31, 2025 4.52 Mn
Dec 31, 2024 1.81 Mn
Sep 30, 2024 4.51 Mn
Jun 30, 2024 2.29 Mn
Mar 31, 2024 1.99 Mn
Dec 31, 2023 144.45 Mn
Sep 30, 2023 37.94 Mn
Jun 30, 2023 39.13 Mn
Mar 31, 2023 46.24 Mn
Dec 31, 2022 5.41 Mn
Sep 30, 2022 38.57 Mn
Jun 30, 2022 4.65 Mn
Mar 31, 2022 55.69 Mn
Dec 31, 2021 112.92 Mn
Sep 30, 2021 31.76 Mn
Jun 30, 2021 4.22 Mn