Alpha Compute (ALP) Operating Expenses (2015 - 2025)
Alpha Compute (ALP) posted Operating Expenses of $4.5 billion for Q3 2025, up 180.74% on a QoQ basis from $1.6 billion in Q3 2024, and up 180.74% year-over-year from $1.6 billion in Q3 2024.
Alpha Compute (ALP) has 11 years of Operating Expenses data on file, last reported at $4.5 billion in Q3 2025.
- In Q3 2025, Operating Expenses rose 180.74% year-over-year to $4.5 billion; the TTM figure through Sep 2025 stood at $6.1 billion (up 279.61% YoY), while the FY2025 annual figure was $7.4 million, down 59.43% from the prior year.
- Operating Expenses advanced to $4.5 billion in Q3 2025, from $1.6 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $4.5 billion in Q3 2025 and bottomed 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.
- Annual changes were most pronounced in 2021 — Operating Expenses soared 285202.74% — and 2024, when it slumped 79.83%.
- Year by year, Operating Expenses stood at $4.2 million in 2021, then increased by 14.15% to $4.8 million in 2022, then declined by 15.42% to $4.0 million in 2023, then surged by 39750.93% to $1.6 billion in 2024, then jumped by 180.74% to $4.5 billion in 2025.
- The last three Operating Expenses figures came in at $4.5 billion (Q3 2025), $1.6 billion (Q3 2024), and $1.0 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Alpha Compute | 1,867.83 | -181,132.17 | - | 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 | 500.00 |
| Sep 30, 2019 | 1,570.00 |
| Jun 30, 2019 | 1,798.00 |
| Mar 31, 2019 | 1.69 Mn |
| Dec 31, 2018 | 94,000.00 |
| Sep 30, 2018 | 34.00 |
| Jun 30, 2018 | 17.00 |
| Mar 31, 2018 | 98,936.00 |
| Dec 31, 2017 | 25,000.00 |
| Sep 30, 2017 | 28.00 |
| Jun 30, 2017 | 36.00 |
| Mar 31, 2017 | 410,000.00 |
| Dec 31, 2016 | 15,000.00 |
| Sep 30, 2016 | 42,000.00 |
| Jun 30, 2016 | 25,000.00 |
| Mar 31, 2016 | 9.14 Mn |
| Dec 31, 2015 | 19.00 |
| Sep 30, 2015 | 19,000.00 |
| Jun 30, 2015 | 33,000.00 |