Gladstone Capital (GLAD) Operating Expenses (2021 - 2026)
Gladstone Capital's (GLAD) quarterly Operating Expenses came in at $17.3 million in Q1 2026, up 68.02% YoY from $10.3 million in Q1 2025, and up 1.81% on a QoQ basis from $17.0 million in Q4 2025.
Gladstone Capital (GLAD) Operating Expenses (2021 - 2026) Analysis & Trends
Gladstone Capital (GLAD) has 6 years of Operating Expenses data on file, last reported at $17.3 million in Q1 2026.
- Quarterly Operating Expenses rose 68.02% year-over-year to $17.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $78.0 million (up 25.87% YoY) and the FY2025 annual result came in at $60.8 million, down 2.9% from the prior year.
- Operating Expenses advanced to $17.3 million in Q1 2026, from $17.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $29.4 million in Q3 2025 to a low of $8.5 million in Q3 2022.
- A 5-year average of $14.8 million and a median of $11.3 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses soared 186.11% — and 2025, when it tumbled 35.18%.
- Tracing GLAD's Operating Expenses over 5 years: stood at $10.6 million in 2022, then gained by 6.79% to $11.3 million in 2023, then fell by 4.88% to $10.7 million in 2024, then surged by 58.7% to $17.0 million in 2025, then rose by 1.81% to $17.3 million in 2026.
- The last three Operating Expenses figures came in at $17.3 million (Q1 2026), $17.0 million (Q4 2025), and $29.4 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Gladstone Capital | 445.76 Mn | 445.76 Mn | - | 17.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.79 Mn |
| Mar 31, 2026 | 17.35 Mn |
| Dec 31, 2025 | 17.04 Mn |
| Sep 30, 2025 | 29.35 Mn |
| Jun 30, 2025 | 14.30 Mn |
| Mar 31, 2025 | 10.32 Mn |
| Dec 31, 2024 | 10.74 Mn |
| Sep 30, 2024 | 24.79 Mn |
| Jun 30, 2024 | 16.15 Mn |
| Mar 31, 2024 | 15.93 Mn |
| Dec 31, 2023 | 11.29 Mn |
| Sep 30, 2023 | 24.21 Mn |
| Jun 30, 2023 | 11.15 Mn |
| Mar 31, 2023 | 10.93 Mn |
| Dec 31, 2022 | 10.57 Mn |
| Sep 30, 2022 | 8.46 Mn |
| Jun 30, 2022 | 10.02 Mn |
| Mar 31, 2022 | 8.57 Mn |
| Dec 31, 2021 | 7.01 Mn |