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| 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 | 38.86 Mn |
| Sep 30, 2021 | 27.78 Mn |