Capital Southwest (CSWC) Operating Expenses (2010 - 2026)
Capital Southwest (CSWC) reported Operating Expenses of $908,000 for fiscal Q1 2027 (quarter ended Jun 30, 2026), down 45.2% from $1.66 million a year earlier and down 52.9% from the prior quarter.
Capital Southwest (CSWC) Operating Expenses (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Capital Southwest's Operating Expenses came in at $6.21 million, down 1.9% year-over-year; for FY2026 (ended Mar 31, 2026), it came in at $6.95 million, up 11.4% from FY2025.
- Operating Expenses has increased for five consecutive fiscal years, with a five-year compound annual growth rate of 17.4% (FY2021 to FY2026).
- By fiscal year, Operating Expenses came in at $6.24 million in FY2025 (+19.0%), $5.24 million in FY2024 (+13.2%), $4.63 million in FY2023 (+13.6%) and $4.08 million in FY2022 (+30.9%).
- The fiscal Q1 2027 figure ranks as the lowest quarterly Operating Expenses in data going back to fiscal Q3 2011.
- Year over year, Operating Expenses gained in seven of the last eight quarters, with growth averaging 6.5%.
- The high point for year-over-year Operating Expenses in five years was fiscal Q3 2025 (growth of 26.3%); the low point was fiscal Q1 2027 (a decline of 45.2%).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at $1.93 million (Q4 2026), $1.7 million (Q3 2026) and $1.67 million (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.50 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 4.66 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 2.07 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 1.02 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 1.33 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Capital Southwest | 1.47 Bn | 1.26 Bn | - | 908,000.00 |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 908,000.00 |
| Mar 31, 2026 | 1.93 Mn |
| Dec 31, 2025 | 1.70 Mn |
| Sep 30, 2025 | 1.67 Mn |
| Jun 30, 2025 | 1.66 Mn |
| Mar 31, 2025 | 1.54 Mn |
| Dec 31, 2024 | 1.64 Mn |
| Sep 30, 2024 | 1.48 Mn |
| Jun 30, 2024 | 1.57 Mn |
| Mar 31, 2024 | 1.37 Mn |
| Dec 31, 2023 | 1.30 Mn |
| Sep 30, 2023 | 1.33 Mn |
| Jun 30, 2023 | 1.25 Mn |
| Mar 31, 2023 | 1.24 Mn |
| Dec 31, 2022 | 1.11 Mn |
| Sep 30, 2022 | 1.07 Mn |
| Jun 30, 2022 | 1.22 Mn |
| Mar 31, 2022 | 1.11 Mn |
| Dec 31, 2021 | 1.01 Mn |
| Sep 30, 2021 | 982,000.00 |
Capital Southwest Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CSWC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CSWC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CSWC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();