Mfa Financial MFA
NYSE MFA
$8.86 -0.09 (-1.01%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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