Alpha Compute (ALP) Operating Expenses (2015 - 2025)
Alpha Compute (ALP) reported Operating Expenses of $4.5 billion for Q3 2025, up 180.74% year-over-year from $1.6 billion in Q3 2024, and up 180.74% quarter-over-quarter from $1.6 billion in Q3 2024.
Alpha Compute (ALP) Operating Expenses (2015 - 2025) Analysis & Trends
Alpha Compute (ALP) has 11 years of Operating Expenses data on file, last reported at $4.5 billion in Q3 2025.
- Operating Expenses for Q3 2025 came in at $4.5 billion, up 180.74% year-over-year; the trailing twelve-month figure through Sep 2025 was $6.1 billion (up 279.61% YoY), and the FY2025 annual result was $7.4 million, down 59.43% from the prior year.
- Operating Expenses improved to $4.5 billion in Q3 2025 per ALP's latest filing, from $1.6 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $4.5 billion in Q3 2025 and troughed at $1.0 million in Q2 2024.
- A 5-year average of $473.5 million and a median of $4.2 million in 2021 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2021 and 2024: Operating Expenses jumped 285202.74% in 2021, then sank 79.83% in 2024.
- A 5-year view of Operating Expenses shows it stood at $4.2 million in 2021, then climbed by 14.15% to $4.8 million in 2022, then slipped by 15.42% to $4.0 million in 2023, then soared by 39750.93% to $1.6 billion in 2024, then surged by 180.74% to $4.5 billion in 2025.
- Business Quant data shows ALP's Operating Expenses at $4.5 billion in Q3 2025, $1.6 billion in Q3 2024, and $1.0 million in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 3.88 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 2.26 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 3.12 Bn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 1.17 Bn |
| 10 | Alpha Compute | 1,276.86 | -1.67 Mn | - | 4.50 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 4.50 Bn |
| Sep 30, 2024 | 1.60 Bn |
| Jun 30, 2024 | 1.01 Mn |
| Dec 31, 2023 | 4.03 Mn |
| Sep 30, 2023 | 5.93 Mn |
| Jun 30, 2023 | 5.00 Mn |
| Dec 31, 2022 | 4.76 Mn |
| Sep 30, 2022 | 3.65 Mn |
| Jun 30, 2022 | 4.09 Mn |
| Dec 31, 2021 | 4.17 Mn |
| Sep 30, 2021 | 3.33 Mn |
| Jun 30, 2021 | 3.59 Mn |
| Mar 31, 2021 | 9.43 Mn |
| Dec 31, 2020 | 866,000.00 |
| Sep 30, 2020 | -1,168.00 |
| Jun 30, 2020 | 973,000.00 |
| Mar 31, 2020 | 5.98 Mn |
| Dec 31, 2019 | -1.08 Mn |
| Sep 30, 2019 | 1,570.00 |
| Jun 30, 2019 | 1,798.00 |