PennyMac Mortgage Investment Trust (PMT) Operating Expenses (2010 - 2026)

PennyMac Mortgage Investment Trust's (PMT) quarterly Operating Expenses came in at $55.2 million in Q1 2026, up 8.82% year-on-year from $50.8 million in Q1 2025, and down 3.85% quarter-over-quarter from $57.4 million in Q4 2025.

PennyMac Mortgage Investment Trust (PMT) Operating Expenses (2010 - 2026) Analysis & Trends

PennyMac Mortgage Investment Trust's Operating Expenses history runs 17 years deep, the most recent figure standing at $55.2 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 8.82% year-over-year to $55.2 million in Q1 2026; TTM through Mar 2026 was $218.1 million, a 8.79% increase from a year earlier, with the FY2025 full-year figure at $213.6 million, up 11.54% from the prior year.
  • Operating Expenses retreated to $55.2 million in Q1 2026 per PMT's latest filing, from $57.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $63.8 million in Q1 2022 and bottomed at $41.8 million in Q1 2024.
  • The 5-year median for Operating Expenses is $52.8 million (2024), against an average of $52.1 million.
  • Across the five-year window, Operating Expenses slumped 43.06% in 2022 and rose 24.9% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $54.8 million in 2022, then declined by 18.96% to $44.5 million in 2023, then increased by 18.79% to $52.8 million in 2024, then increased by 8.8% to $57.4 million in 2025, then slipped by 3.85% to $55.2 million in 2026.
  • Per Business Quant, the three latest PMT Operating Expenses figures stand at $55.2 million (Q1 2026), $57.4 million (Q4 2025), and $52.2 million (Q3 2025).

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 PennyMac Mortgage Investment Trust 834.25 Mn 432.60 Mn 62.41 Mn 55.24 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 55.24 Mn
Dec 31, 2025 57.45 Mn
Sep 30, 2025 52.23 Mn
Jun 30, 2025 53.20 Mn
Mar 31, 2025 50.76 Mn
Dec 31, 2024 52.80 Mn
Sep 30, 2024 54.33 Mn
Jun 30, 2024 42.59 Mn
Mar 31, 2024 41.82 Mn
Dec 31, 2023 44.45 Mn
Sep 30, 2023 45.01 Mn
Jun 30, 2023 43.60 Mn
Mar 31, 2023 51.57 Mn
Dec 31, 2022 54.85 Mn
Sep 30, 2022 60.69 Mn
Jun 30, 2022 61.37 Mn
Mar 31, 2022 63.78 Mn
Dec 31, 2021 68.99 Mn
Sep 30, 2021 88.51 Mn
Jun 30, 2021 107.77 Mn