Gladstone Capital (GLAD) Operating Expenses (2021 - 2026)
Gladstone Capital posted quarterly Operating Expenses of $14.2 million for Q1 2026, down 4.03% year-on-year from $14.7 million in Q1 2025, and down 16.93% on a QoQ basis from $17.0 million in Q4 2025.
Gladstone Capital (GLAD) has 6 years of Operating Expenses data on file, last reported at $14.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 4.03% year-over-year to $14.2 million; the trailing twelve-month figure through Mar 2026 stood at $62.0 million (up 10.52% YoY), and the FY2025 full-year result was $60.8 million, up 20.2% from the prior year.
- Operating Expenses for Q1 2026 stood at $14.2 million, down from $17.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $19.6 million in Q3 2022 and bottomed at $6.8 million in Q2 2022.
- The 5-year median for Operating Expenses is $14.3 million (2025), against an average of $14.0 million.
- Peak annual rise in Operating Expenses reached 121.47% in 2023, while the deepest fall reached 22.1% in 2023.
- A 5-year view of Operating Expenses shows it stood at $10.6 million in 2022, then soared by 41.9% to $15.0 million in 2023, then increased by 1.75% to $15.3 million in 2024, then gained by 11.66% to $17.0 million in 2025, then fell by 16.93% to $14.2 million in 2026.
- The last three Operating Expenses figures came in at $14.2 million (Q1 2026), $17.0 million (Q4 2025), and $16.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Gladstone Capital | 440.56 Mn | 440.56 Mn | - | 14.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.15 Mn |
| Dec 31, 2025 | 17.04 Mn |
| Sep 30, 2025 | 16.47 Mn |
| Jun 30, 2025 | 14.30 Mn |
| Mar 31, 2025 | 14.75 Mn |
| Dec 31, 2024 | 15.26 Mn |
| Sep 30, 2024 | 12.76 Mn |
| Jun 30, 2024 | 13.30 Mn |
| Mar 31, 2024 | 13.22 Mn |
| Dec 31, 2023 | 15.00 Mn |
| Sep 30, 2023 | 15.26 Mn |
| Jun 30, 2023 | 15.14 Mn |
| Mar 31, 2023 | 13.57 Mn |
| Dec 31, 2022 | 10.57 Mn |
| Sep 30, 2022 | 19.59 Mn |
| Jun 30, 2022 | 6.84 Mn |
| Mar 31, 2022 | 10.19 Mn |
| Dec 31, 2021 | 10.40 Mn |