Binah Capital (BCG) Operating Expenses (2023 - 2026)
Binah Capital (BCG) recorded quarterly Operating Expenses of $46.0 million in Q1 2026, down 9.27% quarter-over-quarter from $50.7 million in Q4 2025, and down 3.02% on a YoY basis from $47.5 million in Q1 2025.
Binah Capital (BCG) Operating Expenses (2023 - 2026) Analysis & Trends
Binah Capital's Operating Expenses history runs 4 years deep, the most recent figure standing at $46.0 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 3.02% year-over-year to $46.0 million; the TTM figure through Mar 2026 stood at $183.1 million (up 3.66% YoY), while the FY2025 annual figure was $184.5 million, up 7.26% from the prior year.
- Operating Expenses was $46.0 million for Q1 2026 at Binah Capital, down from $50.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $50.7 million in Q4 2025 to a low of $40.1 million in Q2 2023.
- Historically, Operating Expenses has averaged $43.9 million across 4 years, with a median of $42.8 million in 2023.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses advanced 12.33% in 2025, then decreased 3.02% in 2026.
- A 4-year view of Operating Expenses shows it stood at $42.5 million in 2023, then climbed by 6.23% to $45.2 million in 2024, then grew by 12.33% to $50.7 million in 2025, then retreated by 9.27% to $46.0 million in 2026.
- The last three Operating Expenses figures came in at $46.0 million (Q1 2026), $50.7 million (Q4 2025), and $44.2 million (Q3 2025), per Business Quant data.
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 | Binah Capital | 25.13 Mn | 30.45 Mn | - | 46.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 46.04 Mn |
| Dec 31, 2025 | 50.75 Mn |
| Sep 30, 2025 | 44.25 Mn |
| Jun 30, 2025 | 42.06 Mn |
| Mar 31, 2025 | 47.48 Mn |
| Dec 31, 2024 | 45.18 Mn |
| Sep 30, 2024 | 42.81 Mn |
| Jun 30, 2024 | 41.17 Mn |
| Mar 31, 2024 | 42.89 Mn |
| Dec 31, 2023 | 42.53 Mn |
| Sep 30, 2023 | 42.85 Mn |
| Jun 30, 2023 | 40.06 Mn |
| Mar 31, 2023 | 42.03 Mn |