Ladder Capital LADR
NYSE LADR
$9.77 -0.06 (-0.56%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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