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
DateValue
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