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| Date | Value |
|---|---|
| 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 |