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| Date | Value |
|---|---|
| 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 |