PennyMac Mortgage Investment Trust (PMT) Operating Expenses (2010 - 2026)
PennyMac Mortgage Investment Trust (PMT) posted quarterly Operating Expenses of $55.2 million for Q1 2026, up 8.82% year-over-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.
- In Q1 2026, Operating Expenses rose 8.82% year-over-year to $55.2 million; the TTM figure through Mar 2026 stood at $218.1 million (up 8.79% YoY), while the FY2025 annual figure was $213.6 million, up 11.54% from the prior year.
- Operating Expenses for Q1 2026 stood at $55.2 million, down from $57.4 million in the prior quarter.
- The five-year high for Operating Expenses was $63.8 million in Q1 2022, with the low 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.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses sank 43.06% in 2022, then climbed 24.9% in 2025.
- PennyMac Mortgage Investment Trust's Operating Expenses stood at $54.8 million in 2022, then dropped by 18.96% to $44.5 million in 2023, then grew by 18.79% to $52.8 million in 2024, then grew by 8.8% to $57.4 million in 2025, then decreased by 3.85% to $55.2 million in 2026.
- Business Quant data shows PMT's Operating Expenses at $55.2 million in Q1 2026, $57.4 million in Q4 2025, and $52.2 million in Q3 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 | PennyMac Mortgage Investment Trust | 825.80 Mn | 404.95 Mn | 53.09 Mn | 55.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 55.91 Mn |
| 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 |