Fidus Investment (FDUS) Operating Expenses (2021 - 2026)
Fidus Investment's Operating Expenses was $24.76 million in Q2 2026, up 16.4% from $21.27 million a year earlier and up 8.3% from the prior quarter.
Powered by 
Analysis
Fidus Investment (FDUS) Operating Expenses (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Fidus Investment's Operating Expenses was $87.85 million through Jun 30, 2026, up 20.3% year-over-year; for FY2025, it was $79.78 million, up 15.5% from FY2024.
- Operating Expenses has now increased for three consecutive years, with a five-year compound annual growth rate of 12.1% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $69.08 million in FY2024 (+8.0%), $63.97 million in FY2023 (+37.6%), $46.48 million in FY2022 (-28.5%) and $64.99 million in FY2021 (+44.3%).
- The Q2 2026 figure marks the highest quarterly Operating Expenses in data going back to Q3 2021.
- Compared with a year earlier, Operating Expenses has increased for six straight quarters, with growth averaging 11.3% over the last eight quarters.
- The best year-over-year quarter for Operating Expenses over five years was Q3 2023 (growth of 42.3%); the worst was Q4 2022 (a decline of 35.8%).
- Per Business Quant data, FDUS's Operating Expenses in the three quarters before Q2 2026 was $22.86 million (Q1 2026), $20.74 million (Q4 2025) and $19.49 million (Q3 2025).
Peer Set
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 | Fidus Investment | 731.38 Mn | 499.77 Mn | - | 24.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.76 Mn |
| Mar 31, 2026 | 22.86 Mn |
| Dec 31, 2025 | 20.74 Mn |
| Sep 30, 2025 | 19.49 Mn |
| Jun 30, 2025 | 21.27 Mn |
| Mar 31, 2025 | 18.27 Mn |
| Dec 31, 2024 | 17.05 Mn |
| Sep 30, 2024 | 16.40 Mn |
| Jun 30, 2024 | 18.58 Mn |
| Mar 31, 2024 | 17.11 Mn |
| Dec 31, 2023 | 18.19 Mn |
| Sep 30, 2023 | 17.59 Mn |
| Jun 30, 2023 | 13.83 Mn |
| Mar 31, 2023 | 14.37 Mn |
| Dec 31, 2022 | 13.65 Mn |
| Sep 30, 2022 | 12.36 Mn |
| Jun 30, 2022 | 10.17 Mn |
| Mar 31, 2022 | 10.30 Mn |
| Dec 31, 2021 | 21.25 Mn |
| Sep 30, 2021 | 16.18 Mn |
API Access
Fidus Investment 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=FDUS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "FDUS", "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=FDUS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();