Bain Capital Specialty Finance (BCSF) Operating Expenses (2021 - 2026)

Bain Capital Specialty Finance's (BCSF) quarterly Operating Expenses came in at $37.9 million in Q1 2026, up 12.63% year-on-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.

  • On a quarterly basis, Operating Expenses rose 12.63% year-over-year to $37.9 million in Q1 2026; TTM through Mar 2026 was $152.1 million, a 3.06% increase from a year earlier, with the FY2025 full-year figure at $147.9 million, down 3.65% from the prior year.
  • Operating Expenses held at $37.9 million in Q1 2026 per BCSF's latest filing, from $37.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $42.0 million in Q1 2023 and bottomed 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.
  • Across the five-year window, Operating Expenses sank 38.89% in 2022 and soared 72.72% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $23.8 million in 2022, then surged by 64.31% to $39.0 million in 2023, then decreased by 1.49% to $38.4 million in 2024, then retreated by 1.83% to $37.7 million in 2025, then gained by 0.43% to $37.9 million in 2026.
  • Per Business Quant, the three latest BCSF Operating Expenses figures stand at $37.9 million (Q1 2026), $37.7 million (Q4 2025), and $37.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Bain Capital Specialty Finance 808.91 Mn 791.32 Mn - 37.90 Mn

Historic Data

Download Data
DateValue
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