Millrose Properties (MRP) Operating Expenses (2024 - 2026)
Millrose Properties' Operating Expenses came in at $29.22 million for Q2 2026, up 32.0% from $22.14 million a year earlier and up 1.3% from the prior quarter.
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Analysis
Millrose Properties (MRP) Operating Expenses (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Millrose Properties reported Operating Expenses of $113.25 million, down 40.0% year-over-year; for FY2025, it came in at $114.39 million, down 53.5% from FY2024.
- Going back by year, Operating Expenses was $246.22 million in FY2024 (+17.4%) and $209.79 million in FY2023.
- The Q2 2026 figure represents the highest quarterly Operating Expenses since Q1 2025.
- Year-over-year, Operating Expenses increased in 1 of the last six quarters, with an average decline of 33.8%.
- Business Quant data shows MRP's Operating Expenses at $28.85 million (Q1 2026), $28.76 million (Q4 2025) and $26.42 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 23.86 Bn | 22.69 Bn | - | 54.24 Mn |
| 2 | St Joe | 3.96 Bn | 3.46 Bn | 73.42 Mn | 104.06 Mn |
| 3 | Millrose Properties | 3.86 Bn | 3.50 Bn | - | 29.22 Mn |
| 4 | LandBridge | 2.23 Bn | 2.10 Bn | 65.71 Mn | 15.90 Mn |
| 5 | Opendoor Technologies | 2.05 Bn | -1.77 Bn | 86.00 Mn | 230.00 Mn |
| 6 | Forestar | 1.32 Bn | -28.32 Mn | 84.10 Mn | 38.30 Mn |
| 7 | Five Point Holdings | 658.16 Mn | -799.46 Mn | -23.72 Mn | 21.49 Mn |
| 8 | Tejon Ranch | 437.88 Mn | 357.50 Mn | - | 13.91 Mn |
| 9 | Nam Tai Property | 260.01 Mn | 78.63 Mn | - | - |
| 10 | Global Asset Management | 215.67 Mn | 213.36 Mn | 236,261.00 | 972,259.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.22 Mn |
| Mar 31, 2026 | 28.85 Mn |
| Dec 31, 2025 | 28.76 Mn |
| Sep 30, 2025 | 26.42 Mn |
| Jun 30, 2025 | 22.14 Mn |
| Mar 31, 2025 | 37.06 Mn |
| Dec 31, 2024 | 65.80 Mn |
| Sep 30, 2024 | 63.67 Mn |
| Jun 30, 2024 | 59.76 Mn |
| Mar 31, 2024 | 56.99 Mn |
API Access
Millrose Properties Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MRP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MRP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MRP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();