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-over-year from $5.0 million in Q2 2025, and down 8.57% quarter-over-quarter 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.
- In Q2 2026, Operating Expenses rose 35.37% year-over-year to $6.8 million; the TTM figure through Jun 2026 stood at $25.4 million (up 42.41% YoY), while the FY2025 annual figure was $20.5 million, up 22.31% from the prior year.
- Operating Expenses declined to $6.8 million in Q2 2026 per ORC's latest filing, from $7.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $7.4 million in Q1 2026 and bottomed at $3.7 million in Q1 2024.
- Historically, Operating Expenses has averaged $4.9 million across 5 years, with a median of $4.5 million in 2022.
- Annual changes were most pronounced in 2024 — Operating Expenses decreased 25.3% — and 2026, when it jumped 75.04%.
- Orchid Island Capital's Operating Expenses stood at $4.2 million in 2022, then decreased by 2.96% to $4.1 million in 2023, then rose by 7.21% to $4.4 million in 2024, then soared by 33.51% to $5.8 million in 2025, then climbed by 16.26% to $6.8 million in 2026.
- Business Quant data shows ORC's Operating Expenses at $6.8 million in Q2 2026, $7.4 million in Q1 2026, and $5.8 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 16.21 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 111.00 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 17.16 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 76.02 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 6.76 Mn |
| 10 | Two Harbors Investment | 1.26 Bn | 617.08 Mn | - | 51.40 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 |