Total Operating Expenses
PennyMac Mortgage Investment Trust Total Operating Expenses decreased by 3.8% to $55.24M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.8%, from $50.76M to $55.24M. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows a downward trend with a -13.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.
Detailed definition
Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...
Peer comparison
Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.
total_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $107.77M | $88.51M | $68.99M | $63.78M | $61.37M | $60.69M | $54.85M | $51.57M | $43.60M | $45.01M | $44.45M | $41.82M | $42.59M | $54.33M | $52.80M | $50.76M | $53.20M | $52.23M | $57.45M | $55.24M |
| QoQ Change | — | -17.9% | -22.1% | -7.5% | -3.8% | -1.1% | -9.6% | -6.0% | -15.4% | +3.2% | -1.2% | -5.9% | +1.8% | +27.6% | -2.8% | -3.9% | +4.8% | -1.8% | +10.0% | -3.8% |
| YoY Change | — | — | — | — | -43.1% | -31.4% | -20.5% | -19.2% | -29.0% | -25.8% | -19.0% | -18.9% | -2.3% | +20.7% | +18.8% | +21.4% | +24.9% | -3.9% | +8.8% | +8.8% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Interest Rate Sensitive Strategies | $22.22M | $25.60M | $26.44M | $25.18M | $25.60M | $24.19M | $24.22M | $23.50M |
| Aggregation And Securitization | — | — | — | — | — | — | — | $16.88M |
| Credit Sensitive Strategies | $99.00K | $67.00K | $301.00K | $138.00K | $111.00K | $95.00K | $96.00K | $96.00K |
| Corporate | $15.25M | $15.59M | — | — | — | — | — | — |
| Correspondent Production | $5.03M | $13.08M | $10.86M | $11.10M | $13.13M | $13.66M | $17.43M | — |
| Total | $42.59M | $54.33M | $52.80M | $50.76M | $53.20M | $52.23M | $57.45M | $55.24M |
Corporate, Correspondent Production were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is PennyMac Mortgage Investment Trust's total operating expenses?
- PennyMac Mortgage Investment Trust (PMT) reported total operating expenses of $55.24M in Q1 2026.
- How has PennyMac Mortgage Investment Trust's total operating expenses changed year-over-year?
- PennyMac Mortgage Investment Trust's total operating expenses increased by 8.8% year-over-year, from $50.76M to $55.24M.
- What is the long-term trend for PennyMac Mortgage Investment Trust's total operating expenses?
- Over 4 years (2021 to 2025), PennyMac Mortgage Investment Trust's total operating expenses has grown at a -13.2% compound annual growth rate (CAGR), from $375.64M to $213.64M.
- What does total operating expenses mean?
- The total cost of running the business, including all non-production expenses.