PennyMac Mortgage Investment Trust (PMTV) Operating Expenses (2010 - 2026)
PennyMac Mortgage Investment Trust (PMTV) recorded quarterly Operating Expenses of $55.2 million in Q1 2026, down 3.85% quarter-over-quarter from $57.4 million in Q4 2025, and up 8.82% on a YoY basis from $50.8 million in Q1 2025.
PennyMac Mortgage Investment Trust (PMTV) 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 was $55.2 million for Q1 2026 at PennyMac Mortgage Investment Trust, down from $57.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $63.8 million in Q1 2022 to a low of $41.8 million in Q1 2024.
- Historically, Operating Expenses has averaged $52.1 million across 5 years, with a median of $52.8 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses slumped 43.06% in 2022, then grew 24.9% in 2025.
- A 5-year view of Operating Expenses shows it 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.
- The last three Operating Expenses figures came in at $55.2 million (Q1 2026), $57.4 million (Q4 2025), and $52.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 63.74 Mn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 34.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 480.31 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 1.24 Bn |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 110.77 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 21.25 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | 15.35 Mn |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 80.37 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 49.45 Mn |
| 10 | PennyMac Mortgage Investment Trust | - | - | 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 |