Equus Total Return (EQS) Operating Expenses (2021 - 2025)

Equus Total Return (EQS) reported Operating Expenses of $894000.0 for Q4 2025, down 9.51% on a YoY basis from $988000.0 in Q4 2024, and down 48.97% quarter-over-quarter from $1.8 million in Q3 2025.

Equus Total Return (EQS) Operating Expenses (2021 - 2025) Analysis & Trends

Equus Total Return has reported Operating Expenses for 5 years, with the latest figure at $894000.0 in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 9.51% year-over-year to $894000.0; the trailing twelve-month figure through Dec 2025 stood at $4.1 million (down 10.79% YoY), and the FY2025 full-year result was $5.1 million, up 10.29% from the prior year.
  • Operating Expenses for Q4 2025 stood at $894000.0, down from $1.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $1.9 million in Q4 2023, with the low at $751000.0 in Q2 2021.
  • Historically, Operating Expenses has averaged $1.1 million across 5 years, with a median of $994000.0 in 2022.
  • Annual changes were most pronounced in 2023 — Operating Expenses surged 87.63% — and 2024, when it sank 47.02%.
  • Equus Total Return's Operating Expenses stood at $920000.0 in 2021, then rose by 8.04% to $994000.0 in 2022, then jumped by 87.63% to $1.9 million in 2023, then plunged by 47.02% to $988000.0 in 2024, then fell by 9.51% to $894000.0 in 2025.
  • The last three Operating Expenses figures came in at $894000.0 (Q4 2025), $1.8 million (Q3 2025), and $1.4 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 3.88 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 2.26 Bn
3 Kkr 86.45 Bn 133.96 Bn - 3.87 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 4.68 Bn
5 State Street 46.95 Bn 21.27 Bn - 2.81 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 1.51 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 3.12 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 1.17 Bn
10 Equus Total Return 16.72 Mn 6.12 Mn 244,000.00 894,000.00

Historic Data

Download Data
DateValue
Dec 31, 2025 894,000.00
Sep 30, 2025 1.75 Mn
Mar 31, 2025 1.45 Mn
Dec 31, 2024 988,000.00
Sep 30, 2024 1.02 Mn
Jun 30, 2024 1.21 Mn
Mar 31, 2024 1.37 Mn
Dec 31, 2023 1.87 Mn
Sep 30, 2023 1.18 Mn
Jun 30, 2023 876,000.00
Mar 31, 2023 1.14 Mn
Dec 31, 2022 994,000.00
Sep 30, 2022 925,000.00
Jun 30, 2022 780,000.00
Mar 31, 2022 930,000.00
Dec 31, 2021 920,000.00
Sep 30, 2021 757,000.00
Jun 30, 2021 751,000.00
Mar 31, 2021 1.03 Mn