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
DateValue
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