Mfa Financial (MFA) Operating Expenses (2009 - 2026)

Mfa Financial (MFA) reported Operating Expenses of $44.5 million for Q1 2026, up 7.05% on a YoY basis from $41.6 million in Q1 2025, and up 28.44% sequentially from $34.7 million in Q4 2025.

Mfa Financial (MFA) Operating Expenses (2009 - 2026) Analysis & Trends

Mfa Financial (MFA) has 18 years of Operating Expenses data on file, last reported at $44.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 7.05% year-over-year to $44.5 million; the trailing twelve-month figure through Mar 2026 stood at $158.0 million (down 5.23% YoY), and the FY2025 full-year result was $155.1 million, down 9.01% from the prior year.
  • Operating Expenses climbed to $44.5 million in Q1 2026, from $34.7 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.
  • A 5-year average of $41.4 million and a median of $42.0 million in 2022 frame the typical range for Operating Expenses.
  • Peak annual rise in Operating Expenses reached 102.44% in 2022, while the deepest fall reached 17.39% in 2022.
  • Tracing MFA's Operating Expenses over 5 years: stood at $34.2 million in 2022, then climbed by 19.08% to $40.8 million in 2023, then dropped by 2.19% to $39.9 million in 2024, then decreased by 13.02% to $34.7 million in 2025, then gained by 28.44% to $44.5 million in 2026.
  • Business Quant data shows MFA's Operating Expenses at $44.5 million in Q1 2026, $34.7 million in Q4 2025, and $39.5 million 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 Mfa Financial 921.48 Mn 699.90 Mn - 44.53 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 22.77 Mn