Orchid Island Capital (ORC) Operating Expenses (2012 - 2026)
Orchid Island Capital (ORC) reported Operating Expenses of $7.4 million for Q1 2026, up 75.04% year-over-year from $4.2 million in Q1 2025, and up 27.16% quarter-over-quarter from $5.8 million in Q4 2025.
Orchid Island Capital (ORC) Operating Expenses (2012 - 2026) Analysis & Trends
Orchid Island Capital (ORC) has 15 years of Operating Expenses data on file, last reported at $7.4 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $7.4 million, up 75.04% year-over-year; the trailing twelve-month figure through Mar 2026 was $23.7 million (up 37.25% YoY), and the FY2025 annual result was $20.5 million, up 22.31% from the prior year.
- Operating Expenses advanced to $7.4 million in Q1 2026 per ORC's latest filing, from $5.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $7.4 million in Q1 2026 and troughed at $3.7 million in Q1 2024.
- A 5-year average of $4.7 million and a median of $4.4 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2026: Operating Expenses decreased 25.3% in 2024, then jumped 75.04% in 2026.
- A 5-year view of Operating Expenses shows it stood at $4.2 million in 2022, then retreated by 2.96% to $4.1 million in 2023, then increased by 7.21% to $4.4 million in 2024, then surged by 33.51% to $5.8 million in 2025, then advanced by 27.16% to $7.4 million in 2026.
- Business Quant data shows ORC's Operating Expenses at $7.4 million in Q1 2026, $5.8 million in Q4 2025, and $5.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.03 Bn | 13.77 Bn | - | 63.74 Mn |
| 2 | AGNC Investment | 11.65 Bn | 10.98 Bn | - | 34.00 Mn |
| 3 | Starwood Property Trust | 6.12 Bn | 6.12 Bn | - | 480.31 Mn |
| 4 | Rithm Capital | 5.12 Bn | 4.81 Bn | - | 1.24 Bn |
| 5 | Blackstone Mortgage Trust | 3.06 Bn | 2.51 Bn | - | 110.77 Mn |
| 6 | Dynex Capital | 2.62 Bn | 1.84 Bn | - | 21.25 Mn |
| 7 | Armour Residential REIT | 2.01 Bn | 1.28 Bn | - | 15.35 Mn |
| 8 | Ellington Financial | 1.65 Bn | 1.37 Bn | - | 80.37 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 49.45 Mn |
| 10 | Orchid Island Capital | 1.27 Bn | 589.12 Mn | - | 7.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 4.07 Mn |