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

Ladder Capital recorded quarterly Operating Expenses of $5.1 million in Q1 2026, up 105.42% quarter-over-quarter from -$94.0 million in Q4 2025, and up 12.8% year-over-year from $4.5 million in Q1 2025.

Ladder Capital's Operating Expenses history runs 14 years deep, the most recent figure standing at $5.1 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 12.8% year-over-year to $5.1 million; the TTM figure through Mar 2026 stood at -$82.8 million (down 730.69% YoY), while the FY2025 annual figure 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.
  • A 5-year average of $17.9 million and a median of $5.1 million in 2026 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses surged 2568.59% in 2023 and slumped 5294.42% in 2025, its largest moves.
  • Ladder Capital's Operating Expenses stood at $5.4 million in 2022, then soared by 2568.59% to $144.5 million in 2023, then slumped by 98.75% to $1.8 million in 2024, then plunged by 5294.42% to -$94.0 million in 2025, then soared by 105.42% to $5.1 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $5.1 million, -$94.0 million, and $5.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 15.61 Bn 13.35 Bn - 63.74 Mn
2 AGNC Investment 11.52 Bn 10.85 Bn - 34.00 Mn
3 Starwood Property Trust 6.36 Bn 6.36 Bn - 480.31 Mn
4 Rithm Capital 5.16 Bn 4.85 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 3.04 Bn 2.49 Bn - 110.77 Mn
6 Dynex Capital 2.57 Bn 1.80 Bn - 21.25 Mn
7 Armour Residential REIT 2.00 Bn 1.27 Bn - 15.35 Mn
8 Ellington Financial 1.67 Bn 1.39 Bn - 80.37 Mn
9 Two Harbors Investment 1.31 Bn 763.45 Mn - 49.45 Mn
10 Ladder Capital 1.26 Bn 1.22 Bn - 5.09 Mn

Historic Data

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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
Mar 31, 2021 4.24 Mn
Dec 31, 2020 153.30 Mn
Sep 30, 2020 3.94 Mn
Jun 30, 2020 31.05 Mn
Mar 31, 2020 5.79 Mn
Dec 31, 2019 36.84 Mn
Sep 30, 2019 36.99 Mn
Jun 30, 2019 38.07 Mn
Mar 31, 2019 46.39 Mn
Dec 31, 2018 36.61 Mn
Sep 30, 2018 40.14 Mn
Jun 30, 2018 38.75 Mn
Mar 31, 2018 43.13 Mn
Dec 31, 2017 52.80 Mn
Sep 30, 2017 39.24 Mn
Jun 30, 2017 40.12 Mn
Mar 31, 2017 38.26 Mn
Dec 31, 2016 45.34 Mn
Sep 30, 2016 40.62 Mn
Jun 30, 2016 37.41 Mn
Mar 31, 2016 35.16 Mn
Dec 31, 2015 38.35 Mn
Sep 30, 2015 42.26 Mn
Jun 30, 2015 44.18 Mn
Mar 31, 2015 43.38 Mn
Dec 31, 2014 48.05 Mn
Sep 30, 2014 42.21 Mn
Jun 30, 2014 45.26 Mn
Mar 31, 2014 38.58 Mn
Dec 31, 2013 33.53 Mn
Sep 30, 2013 30.60 Mn
Jun 30, 2013 27.95 Mn
Mar 31, 2013 29.39 Mn