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
Lower expenses relative to revenue indicate higher operational efficiency, while rising expenses may signal scaling challenges or inflationary pressures.
Detailed definition
The aggregate of all costs incurred by the company to maintain its business operations, including labor, professional se...
Peer comparison
Standard across all financial institutions; compared against revenue to determine the efficiency ratio.
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 | $43.6M | $45.01M | $44.45M | $41.82M | $42.59M | $54.33M | $52.8M | $50.76M | $53.2M | $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 | $25.6M | $26.44M | $25.18M | $25.6M | $24.19M | $24.22M | $23.5M |
| Aggregation And Securitization | — | — | — | — | — | — | — | $16.88M |
| Credit Sensitive Strategies | $99K | $67K | $301K | $138K | $111K | $95K | $96K | $96K |
| Corporate | $15.25M | $15.59M | — | — | — | — | — | — |
| Correspondent Production | $5.03M | $13.08M | $10.86M | $11.1M | $13.13M | $13.66M | $17.43M | — |
| Total | $42.59M | $54.33M | $52.8M | $50.76M | $53.2M | $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 company's daily business operations.