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| Date | Value |
|---|---|
| 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 |