Operating Expenses

Total Operating Expenses

MFA Financial Total Operating Expenses increased by 28.4% to $44.53M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.0%, from $41.60M to $44.53M. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 6.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026May 5, 2026

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.

Metric ID: total_operating_expenses

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$22.77M$33.46M$41.43M$41.95M$46.10M$42.53M$34.22M$41.70M$42.19M$43.92M$40.75M$45.31M$42.10M$43.15M$39.86M$41.60M$39.31M$39.47M$34.67M$44.53M
QoQ Change+46.9%+23.8%+1.3%+9.9%-7.7%-19.5%+21.9%+1.2%+4.1%-7.2%+11.2%-7.1%+2.5%-7.6%+4.4%-5.5%+0.4%-12.2%+28.4%
YoY Change+102.4%+27.1%-17.4%-0.6%-8.5%+3.3%+19.1%+8.6%-0.2%-1.7%-2.2%-8.2%-6.6%-8.5%-13.0%+7.0%
Range$22.77M$46.10M
CAGR+15.2%
Avg YoY Growth+6.3%
Median YoY Growth-1.2%

Frequently Asked Questions

What is MFA Financial's total operating expenses?
MFA Financial (MFA) reported total operating expenses of $44.53M in Q1 2026.
How has MFA Financial's total operating expenses changed year-over-year?
MFA Financial's total operating expenses increased by 7.0% year-over-year, from $41.60M to $44.53M.
What is the long-term trend for MFA Financial's total operating expenses?
Over 4 years (2021 to 2025), MFA Financial's total operating expenses has grown at a 6.6% compound annual growth rate (CAGR), from $120.19M to $155.06M.
What does total operating expenses mean?
The total cost of running the business, including all non-production expenses.