Orchid Island Capital (ORC) Operating Expenses (2012 - 2026)
Orchid Island Capital (ORC) posted quarterly Operating Expenses of $6.8 million for Q2 2026, up 35.37% year-on-year from $5.0 million in Q2 2025, and down 8.57% on a QoQ basis from $7.4 million in Q1 2026.
Orchid Island Capital (ORC) Operating Expenses (2012 - 2026) Analysis & Trends
Orchid Island Capital (ORC) has reported Operating Expenses for 15 consecutive years, with $6.8 million the latest figure, recorded in Q2 2026.
- Quarterly Operating Expenses rose 35.37% year-over-year to $6.8 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $25.4 million (up 42.41% YoY) and the FY2025 annual result came in at $20.5 million, up 22.31% from the prior year.
- Operating Expenses slipped to $6.8 million in Q2 2026 per ORC's latest filing, from $7.4 million in the prior quarter.
- Over the last five years, Operating Expenses for ORC reached as high as $7.4 million in Q1 2026 and fell as low as $3.7 million in Q1 2024.
- A 5-year average of $4.9 million and a median of $4.5 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses dropped 25.3% — and 2026, when it soared 75.04%.
- Year by year, Operating Expenses stood at $4.2 million in 2022, then declined by 2.96% to $4.1 million in 2023, then climbed by 7.21% to $4.4 million in 2024, then soared by 33.51% to $5.8 million in 2025, then rose by 16.26% to $6.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $6.8 million, $7.4 million, and $5.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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 | Orchid Island Capital | 628.15 Mn | -45.87 Mn | 61.82 Mn | 6.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.76 Mn |
| Mar 31, 2026 | 7.40 Mn |
| Dec 31, 2025 | 5.82 Mn |
| Sep 30, 2025 | 5.44 Mn |
| Jun 30, 2025 | 5.00 Mn |
| Mar 31, 2025 | 4.23 Mn |
| Dec 31, 2024 | 4.36 Mn |
| Sep 30, 2024 | 4.27 Mn |
| Jun 30, 2024 | 4.38 Mn |
| Mar 31, 2024 | 3.74 Mn |
| Dec 31, 2023 | 4.06 Mn |
| Sep 30, 2023 | 4.64 Mn |
| Jun 30, 2023 | 4.82 Mn |
| Mar 31, 2023 | 5.00 Mn |
| Dec 31, 2022 | 4.19 Mn |
| Sep 30, 2022 | 4.33 Mn |
| Jun 30, 2022 | 4.55 Mn |
| Mar 31, 2022 | 4.38 Mn |
| Dec 31, 2021 | 4.43 Mn |
| Sep 30, 2021 | 3.74 Mn |