Ladder Capital (LADR) Operating Expenses (2013 - 2026)
Ladder Capital's (LADR) quarterly Operating Expenses came in at $41.3 million in Q2 2026, up 16.47% year-over-year from $35.5 million in Q2 2025, and down 15.21% quarter-over-quarter from $48.7 million in Q1 2026.
Analysis
Ladder Capital (LADR) Operating Expenses (2013 - 2026) Analysis & Trends
Ladder Capital has disclosed Operating Expenses across 14 years of filings, most recently posting $41.3 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 16.47% year-over-year to $41.3 million; the TTM figure through Jun 2026 stood at $162.4 million (up 7.51% YoY), while the FY2025 annual figure was $148.3 million, down 7.56% from the prior year.
- Operating Expenses came in at $41.3 million for Q2 2026 at Ladder Capital, down from $48.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $55.7 million in Q1 2022 to a low of $34.9 million in Q4 2025.
- Average Operating Expenses over 5 years is $40.7 million, with a median of $39.3 million recorded in 2023.
- Year-over-year, Operating Expenses surged 78.97% in 2022 and dropped 16.98% in 2023.
- Over 5 years, Operating Expenses stood at $41.7 million in 2022, then decreased by 13.36% to $36.2 million in 2023, then slipped by 1.76% to $35.5 million in 2024, then dropped by 1.63% to $34.9 million in 2025, then increased by 18.24% to $41.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $41.3 million in Q2 2026, $48.7 million in Q1 2026, and $34.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 16.21 Mn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 51.40 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 111.00 Mn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 17.16 Mn |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 76.02 Mn |
| 10 | Ladder Capital | 1.22 Bn | 1.18 Bn | - | 41.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.33 Mn |
| Mar 31, 2026 | 48.74 Mn |
| Dec 31, 2025 | 34.95 Mn |
| Sep 30, 2025 | 37.35 Mn |
| Jun 30, 2025 | 35.48 Mn |
| Mar 31, 2025 | 40.57 Mn |
| Dec 31, 2024 | 35.53 Mn |
| Sep 30, 2024 | 39.44 Mn |
| Jun 30, 2024 | 40.63 Mn |
| Mar 31, 2024 | 44.87 Mn |
| Dec 31, 2023 | 36.16 Mn |
| Sep 30, 2023 | 37.94 Mn |
| Jun 30, 2023 | 39.13 Mn |
| Mar 31, 2023 | 46.24 Mn |
| Dec 31, 2022 | 41.74 Mn |
| Sep 30, 2022 | 38.57 Mn |
| Jun 30, 2022 | 39.06 Mn |
| Mar 31, 2022 | 55.69 Mn |
| Dec 31, 2021 | 32.21 Mn |
| Sep 30, 2021 | 31.76 Mn |