Mfa Financial (MFA) Operating Expenses (2009 - 2026)
Mfa Financial's (MFA) quarterly Operating Expenses came in at $44.5 million in Q1 2026, up 7.05% year-on-year from $41.6 million in Q1 2025, and up 28.44% quarter-over-quarter from $34.7 million in Q4 2025.
Mfa Financial (MFA) Operating Expenses (2009 - 2026) Analysis & Trends
Mfa Financial has disclosed Operating Expenses across 18 years of filings, most recently posting $44.5 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $44.5 million, up 7.05% year-over-year; the trailing twelve-month figure through Mar 2026 was $158.0 million (down 5.23% YoY), and the FY2025 annual result was $155.1 million, down 9.01% from the prior year.
- Operating Expenses came in at $44.5 million for Q1 2026 at Mfa Financial, up 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.
- The 5-year median for Operating Expenses is $42.0 million (2022), against an average of $41.4 million.
- Peak annual rise in Operating Expenses reached 102.44% in 2022, while the deepest fall reached 17.39% in 2022.
- Mfa Financial's 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 28.44% to $44.5 million in 2026.
- The last three Operating Expenses figures came in at $44.5 million (Q1 2026), $34.7 million (Q4 2025), and $39.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 63.74 Mn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 34.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 480.31 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 1.24 Bn |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 110.77 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 21.25 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | 15.35 Mn |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 80.37 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 49.45 Mn |
| 10 | Mfa Financial | 967.47 Mn | 745.89 Mn | - | 44.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |