HA Sustainable Infrastructure Capital (HASI) Operating Expenses (2011 - 2026)

HA Sustainable Infrastructure Capital (HASI) recorded quarterly Operating Expenses of $10.2 million in Q1 2026, up 19.94% quarter-over-quarter from $8.5 million in Q4 2025, and up 8.4% on a YoY basis from $9.4 million in Q1 2025.

HA Sustainable Infrastructure Capital (HASI) Operating Expenses (2011 - 2026) Analysis & Trends

HA Sustainable Infrastructure Capital's Operating Expenses history runs 16 years deep, the most recent figure standing at $10.2 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 8.4% year-over-year to $10.2 million; the TTM figure through Mar 2026 stood at $31.5 million (down 5.31% YoY), while the FY2025 annual figure was $30.7 million, down 6.77% from the prior year.
  • Operating Expenses was $10.2 million for Q1 2026 at HA Sustainable Infrastructure Capital, up from $8.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $10.2 million in Q1 2026 to a low of $6.3 million in Q3 2025.
  • Historically, Operating Expenses has averaged $7.9 million across 5 years, with a median of $8.0 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 64.18% in 2022, then declined 21.2% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $7.2 million in 2022, then decreased by 10.79% to $6.5 million in 2023, then soared by 37.9% to $8.9 million in 2024, then slipped by 4.81% to $8.5 million in 2025, then grew by 19.94% to $10.2 million in 2026.
  • The last three Operating Expenses figures came in at $10.2 million (Q1 2026), $8.5 million (Q4 2025), and $6.3 million (Q3 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 HA Sustainable Infrastructure Capital 4.96 Bn 4.92 Bn - 10.17 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 10.17 Mn
Dec 31, 2025 8.48 Mn
Sep 30, 2025 6.33 Mn
Jun 30, 2025 6.50 Mn
Mar 31, 2025 9.38 Mn
Dec 31, 2024 8.90 Mn
Sep 30, 2024 6.99 Mn
Jun 30, 2024 7.96 Mn
Mar 31, 2024 9.05 Mn
Dec 31, 2023 6.46 Mn
Sep 30, 2023 6.71 Mn
Jun 30, 2023 10.10 Mn
Mar 31, 2023 8.02 Mn
Dec 31, 2022 7.24 Mn
Sep 30, 2022 8.15 Mn
Jun 30, 2022 7.41 Mn
Mar 31, 2022 7.14 Mn
Dec 31, 2021 5.09 Mn
Sep 30, 2021 4.96 Mn
Jun 30, 2021 4.97 Mn