Carlyle Secured Lending (CGBD) Operating Expenses (2021 - 2026)
Carlyle Secured Lending (CGBD) reported Operating Expenses of $38.4 million for Q1 2026, up 18.04% on a YoY basis from $32.6 million in Q1 2025, and down 9.64% sequentially from $42.5 million in Q4 2025.
Carlyle Secured Lending (CGBD) Operating Expenses (2021 - 2026) Analysis & Trends
Carlyle Secured Lending (CGBD) has 6 years of Operating Expenses data on file, last reported at $38.4 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 18.04% year-over-year to $38.4 million; the trailing twelve-month figure through Mar 2026 stood at $158.8 million (up 27.61% YoY), and the FY2025 full-year result was $152.9 million, up 22.73% from the prior year.
- Operating Expenses retreated to $38.4 million in Q1 2026, from $42.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $42.5 million in Q4 2025 to a low of $21.6 million in Q1 2022.
- A 5-year average of $32.2 million and a median of $32.2 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 44.58% in 2023 and decreased 6.79% in 2024, its largest moves.
- Tracing CGBD's Operating Expenses over 5 years: stood at $29.7 million in 2022, then advanced by 11.7% to $33.2 million in 2023, then slipped by 6.13% to $31.1 million in 2024, then soared by 36.65% to $42.5 million in 2025, then fell by 9.64% to $38.4 million in 2026.
- Business Quant data shows CGBD's Operating Expenses at $38.4 million in Q1 2026, $42.5 million in Q4 2025, and $39.2 million in 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 | Carlyle Secured Lending | 709.79 Mn | 612.55 Mn | - | 38.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.43 Mn |
| Dec 31, 2025 | 42.54 Mn |
| Sep 30, 2025 | 39.17 Mn |
| Jun 30, 2025 | 38.65 Mn |
| Mar 31, 2025 | 32.56 Mn |
| Dec 31, 2024 | 31.13 Mn |
| Sep 30, 2024 | 30.33 Mn |
| Jun 30, 2024 | 30.41 Mn |
| Mar 31, 2024 | 32.73 Mn |
| Dec 31, 2023 | 33.16 Mn |
| Sep 30, 2023 | 32.54 Mn |
| Jun 30, 2023 | 32.24 Mn |
| Mar 31, 2023 | 31.28 Mn |
| Dec 31, 2022 | 29.69 Mn |
| Sep 30, 2022 | 27.54 Mn |
| Jun 30, 2022 | 22.52 Mn |
| Mar 31, 2022 | 21.64 Mn |
| Dec 31, 2021 | 21.17 Mn |
| Sep 30, 2021 | 21.51 Mn |