Crescent Capital BDC (CCAP) Operating Expenses (2021 - 2026)
Crescent Capital BDC's (CCAP) quarterly Operating Expenses came in at $22.8 million in Q2 2026, down 11.61% on a YoY basis from $25.7 million in Q2 2025, and down 2.29% quarter-over-quarter from $23.3 million in Q1 2026.
Analysis
Crescent Capital BDC (CCAP) Operating Expenses (2021 - 2026) Analysis & Trends
Crescent Capital BDC (CCAP) has reported Operating Expenses for 6 consecutive years, with $22.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 11.61% year-over-year to $22.8 million; the trailing twelve-month figure through Jun 2026 stood at $94.1 million (down 9.76% YoY), and the FY2025 full-year result was $98.8 million, down 7.67% from the prior year.
- Operating Expenses slipped to $22.8 million in Q2 2026 per CCAP's latest filing, from $23.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $27.5 million in Q3 2024 and bottomed at $11.4 million in Q2 2022.
- Historically, Operating Expenses has averaged $22.8 million across 5 years, with a median of $24.6 million in 2025.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses surged 127.15% in 2023, then retreated 12.27% in 2025.
- Over 5 years, Operating Expenses stood at $18.5 million in 2022, then surged by 45.33% to $26.9 million in 2023, then fell by 3.65% to $25.9 million in 2024, then declined by 7.86% to $23.9 million in 2025, then decreased by 4.66% to $22.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $22.8 million, $23.3 million, and $23.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - | 401.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | 142.27 Mn |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - | 224.46 Mn |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - | 55.78 Mn |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - | 198.97 Mn |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - | 61.10 Mn |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - | 179.00 Mn |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - | 102.51 Mn |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - | 40.19 Mn |
| 10 | Crescent Capital BDC | 382.09 Mn | -1.18 Bn | - | 22.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.75 Mn |
| Mar 31, 2026 | 23.29 Mn |
| Dec 31, 2025 | 23.87 Mn |
| Sep 30, 2025 | 24.17 Mn |
| Jun 30, 2025 | 25.74 Mn |
| Mar 31, 2025 | 25.06 Mn |
| Dec 31, 2024 | 25.90 Mn |
| Sep 30, 2024 | 27.54 Mn |
| Jun 30, 2024 | 26.85 Mn |
| Mar 31, 2024 | 26.75 Mn |
| Dec 31, 2023 | 26.88 Mn |
| Sep 30, 2023 | 26.20 Mn |
| Jun 30, 2023 | 25.95 Mn |
| Mar 31, 2023 | 21.72 Mn |
| Dec 31, 2022 | 18.50 Mn |
| Sep 30, 2022 | 13.49 Mn |
| Jun 30, 2022 | 11.42 Mn |
| Mar 31, 2022 | 14.19 Mn |
| Dec 31, 2021 | 12.73 Mn |
| Sep 30, 2021 | 13.99 Mn |