Barings BDC (BBDC) Operating Expenses (2021 - 2026)
Barings BDC (BBDC) posted Operating Expenses of $1.93 million for Q2 2026, down 16.0% from $2.29 million a year earlier and down 16.8% from the prior quarter.
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Analysis
Barings BDC (BBDC) Operating Expenses (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Barings BDC was $8.07 million, down 8.3% year-over-year; for FY2025, it was $7.82 million, down 20.5% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of 6.2% (FY2020 to FY2025).
- In prior years, Barings BDC's Operating Expenses was $9.83 million in FY2024 (-1.5%), $9.98 million in FY2023 (+0.7%), $9.92 million in FY2022 (+9.0%) and $9.1 million in FY2021 (+57.0%).
- Quarterly Operating Expenses has run from a low of $1.23 million in Q4 2022 to a high of $3.27 million in Q2 2022 over five years.
- On a year-over-year basis, Operating Expenses increased in two of the last eight quarters, with an average decline of 7.3%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q4 2023, with growth of 98.1%; the weakest was Q4 2022, with a decline of 46.8%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $2.32 million (Q1 2026), $1.93 million (Q4 2025) and $1.9 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.50 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 4.66 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 2.07 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 1.02 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 1.33 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Barings BDC | 905.71 Mn | 905.71 Mn | - | 1.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.93 Mn |
| Mar 31, 2026 | 2.32 Mn |
| Dec 31, 2025 | 1.93 Mn |
| Sep 30, 2025 | 1.90 Mn |
| Jun 30, 2025 | 2.29 Mn |
| Mar 31, 2025 | 1.69 Mn |
| Dec 31, 2024 | 2.39 Mn |
| Sep 30, 2024 | 2.43 Mn |
| Jun 30, 2024 | 2.34 Mn |
| Mar 31, 2024 | 2.68 Mn |
| Dec 31, 2023 | 2.44 Mn |
| Sep 30, 2023 | 2.36 Mn |
| Jun 30, 2023 | 2.45 Mn |
| Mar 31, 2023 | 2.74 Mn |
| Dec 31, 2022 | 1.23 Mn |
| Sep 30, 2022 | 2.96 Mn |
| Jun 30, 2022 | 3.27 Mn |
| Mar 31, 2022 | 2.46 Mn |
| Dec 31, 2021 | 2.31 Mn |
| Sep 30, 2021 | 2.28 Mn |
API Access
Barings BDC Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BBDC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BBDC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BBDC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();