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

Ladder Capital (LADR) reported Operating Expenses of $48.7 million for Q1 2026, up 979.25% on a YoY basis from $4.5 million in Q1 2025, and up 901.42% sequentially from $4.9 million in Q4 2025.

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

Ladder Capital (LADR) has 14 years of Operating Expenses data on file, last reported at $48.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 979.25% year-over-year to $48.7 million; the trailing twelve-month figure through Mar 2026 stood at $55.3 million (down 38.17% YoY), and the FY2025 full-year result was $19.4 million, up 1.21% from the prior year.
  • Operating Expenses advanced to $48.7 million in Q1 2026, from $4.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $169.9 million in Q4 2022 to a low of $844000.0 in Q2 2025.
  • A 5-year average of $28.5 million and a median of $5.5 million in 2022 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 2852.17% in 2024 and tumbled 97.92% in 2025, its largest moves.
  • Tracing LADR's Operating Expenses over 5 years: stood at $169.9 million in 2022, then slumped by 78.71% to $36.2 million in 2023, then plunged by 86.56% to $4.9 million in 2024, then rose by 0.1% to $4.9 million in 2025, then surged by 901.42% to $48.7 million in 2026.
  • Business Quant data shows LADR's Operating Expenses at $48.7 million in Q1 2026, $4.9 million in Q4 2025, and $855000.0 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 48.74 Mn
Dec 31, 2025 4.87 Mn
Sep 30, 2025 855,000.00
Jun 30, 2025 844,000.00
Mar 31, 2025 4.52 Mn
Dec 31, 2024 4.86 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 2.28 Mn
Jun 30, 2023 39.13 Mn
Mar 31, 2023 1.52 Mn
Dec 31, 2022 169.90 Mn
Sep 30, 2022 1.69 Mn
Jun 30, 2022 39.06 Mn
Mar 31, 2022 5.51 Mn
Dec 31, 2021 -75.91 Mn
Sep 30, 2021 4.42 Mn
Jun 30, 2021 30.70 Mn