Bain Capital Specialty Finance (BCSF) Operating Expenses (2021 - 2026)
Bain Capital Specialty Finance (BCSF) posted quarterly Operating Expenses of $37.9 million for Q1 2026, up 12.63% year-over-year from $33.7 million in Q1 2025, and little changed quarter-over-quarter from $37.7 million in Q4 2025.
Bain Capital Specialty Finance (BCSF) Operating Expenses (2021 - 2026) Analysis & Trends
Bain Capital Specialty Finance's Operating Expenses history runs 6 years deep, the most recent figure standing at $37.9 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 12.63% year-over-year to $37.9 million; the TTM figure through Mar 2026 stood at $152.1 million (up 3.06% YoY), while the FY2025 annual figure was $147.9 million, down 3.65% from the prior year.
- Operating Expenses for Q1 2026 stood at $37.9 million, roughly flat from $37.7 million in the prior quarter.
- The five-year high for Operating Expenses was $42.0 million in Q1 2023, with the low at $23.8 million in Q4 2022.
- The 5-year median for Operating Expenses is $37.5 million (2024), against an average of $35.0 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses plunged 38.89% in 2022, then soared 72.72% in 2023.
- Bain Capital Specialty Finance's Operating Expenses stood at $23.8 million in 2022, then jumped by 64.31% to $39.0 million in 2023, then retreated by 1.49% to $38.4 million in 2024, then fell by 1.83% to $37.7 million in 2025, then rose by 0.43% to $37.9 million in 2026.
- Business Quant data shows BCSF's Operating Expenses at $37.9 million in Q1 2026, $37.7 million in Q4 2025, and $37.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 178.94 Bn | 165.07 Bn | - | 4.62 Bn |
| 2 | Blackstone | 114.54 Bn | 112.03 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.89 Bn | -180.18 Bn | - | 5.41 Bn |
| 4 | Brookfield | 93.18 Bn | 45.77 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 83.59 Bn | 82.08 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 78.45 Bn | 53.08 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 51.50 Bn | 51.50 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 51.06 Bn | 40.02 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 34.01 Bn | 34.01 Bn | - | 1.64 Bn |
| 10 | Bain Capital Specialty Finance | 781.34 Mn | 684.15 Mn | - | 33.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 33.01 Mn |
| Mar 31, 2026 | 37.90 Mn |
| Dec 31, 2025 | 37.74 Mn |
| Sep 30, 2025 | 37.20 Mn |
| Jun 30, 2025 | 39.30 Mn |
| Mar 31, 2025 | 33.65 Mn |
| Dec 31, 2024 | 38.44 Mn |
| Sep 30, 2024 | 37.53 Mn |
| Jun 30, 2024 | 38.00 Mn |
| Mar 31, 2024 | 39.52 Mn |
| Dec 31, 2023 | 39.03 Mn |
| Sep 30, 2023 | 36.10 Mn |
| Jun 30, 2023 | 35.71 Mn |
| Mar 31, 2023 | 41.98 Mn |
| Dec 31, 2022 | 23.75 Mn |
| Sep 30, 2022 | 28.71 Mn |
| Jun 30, 2022 | 25.65 Mn |
| Mar 31, 2022 | 24.31 Mn |
| Dec 31, 2021 | 38.86 Mn |
| Sep 30, 2021 | 27.78 Mn |