Bain Capital Specialty Finance (BCSF) Operating Expenses (2021 - 2026)
Bain Capital Specialty Finance's 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 has reported Operating Expenses for 6 years, with the latest figure at $37.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 12.63% year-over-year to $37.9 million; the trailing twelve-month figure through Mar 2026 stood at $152.1 million (up 3.06% YoY), and the FY2025 full-year result 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.
- Average Operating Expenses over 5 years is $35.0 million, with a median of $37.5 million recorded in 2024.
- Year-over-year, Operating Expenses surged 138.37% in 2022 and declined 14.85% in 2025.
- Tracing BCSF's Operating Expenses over 5 years: stood at $23.8 million in 2022, then soared by 64.31% to $39.0 million in 2023, then slipped by 1.49% to $38.4 million in 2024, then decreased by 1.83% to $37.7 million in 2025, then advanced by 0.43% to $37.9 million in 2026.
- The last three Operating Expenses figures came in at $37.9 million (Q1 2026), $37.7 million (Q4 2025), and $37.2 million (Q3 2025), 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 | Bain Capital Specialty Finance | - | - | - | 37.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -61.90 Mn |
| Sep 30, 2021 | 27.78 Mn |