Mfa Financial (MFA) Operating Expenses (2009 - 2026)
Mfa Financial's (MFA) quarterly Operating Expenses came in at $41.5 million in Q2 2026, up 5.61% year-over-year from $39.3 million in Q2 2025, and down 6.76% quarter-over-quarter from $44.5 million in Q1 2026.
Analysis
Mfa Financial (MFA) Operating Expenses (2009 - 2026) Analysis & Trends
Mfa Financial has disclosed Operating Expenses across 18 years of filings, most recently posting $41.5 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 5.61% year-over-year to $41.5 million; the TTM figure through Jun 2026 stood at $160.2 million (down 2.28% YoY), while the FY2025 annual figure was $155.1 million, down 9.01% from the prior year.
- Operating Expenses came in at $41.5 million for Q2 2026 at Mfa Financial, down from $44.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $46.1 million in Q2 2022 to a low of $34.2 million in Q4 2022.
- Average Operating Expenses over 5 years is $41.4 million, with a median of $41.8 million recorded in 2022.
- The largest YoY upside for Operating Expenses was 102.44% in 2022 against a maximum downside of 17.39% in 2022.
- Over 5 years, Operating Expenses stood at $34.2 million in 2022, then grew by 19.08% to $40.8 million in 2023, then declined by 2.19% to $39.9 million in 2024, then slipped by 13.02% to $34.7 million in 2025, then advanced by 19.75% to $41.5 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $41.5 million in Q2 2026, $44.5 million in Q1 2026, and $34.7 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 | Mfa Financial | 922.70 Mn | 753.67 Mn | - | 41.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.52 Mn |
| Mar 31, 2026 | 44.53 Mn |
| Dec 31, 2025 | 34.67 Mn |
| Sep 30, 2025 | 39.47 Mn |
| Jun 30, 2025 | 39.31 Mn |
| Mar 31, 2025 | 41.60 Mn |
| Dec 31, 2024 | 39.86 Mn |
| Sep 30, 2024 | 43.15 Mn |
| Jun 30, 2024 | 42.10 Mn |
| Mar 31, 2024 | 45.31 Mn |
| Dec 31, 2023 | 40.75 Mn |
| Sep 30, 2023 | 43.92 Mn |
| Jun 30, 2023 | 42.19 Mn |
| Mar 31, 2023 | 41.70 Mn |
| Dec 31, 2022 | 34.22 Mn |
| Sep 30, 2022 | 42.53 Mn |
| Jun 30, 2022 | 46.10 Mn |
| Mar 31, 2022 | 41.95 Mn |
| Dec 31, 2021 | 41.43 Mn |
| Sep 30, 2021 | 33.46 Mn |