Kayne Anderson BDC (KBDC) Operating Expenses (2021 - 2026)
Kayne Anderson BDC (KBDC) reported Operating Expenses of $28.4 million for Q1 2026, up 2.31% year-over-year from $27.8 million in Q1 2025, and down 10.56% quarter-over-quarter from $31.8 million in Q4 2025.
Kayne Anderson BDC (KBDC) Operating Expenses (2021 - 2026) Analysis & Trends
Kayne Anderson BDC (KBDC) has 6 years of Operating Expenses data on file, last reported at $28.4 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $28.4 million, up 2.31% year-over-year; the trailing twelve-month figure through Mar 2026 was $120.9 million (up 13.38% YoY), and the FY2025 annual result was $120.3 million, up 18.44% from the prior year.
- Operating Expenses retreated to $28.4 million in Q1 2026 per KBDC's latest filing, from $31.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $31.8 million in Q4 2025 and troughed at $5.7 million in Q1 2022.
- A 5-year average of $21.2 million and a median of $22.6 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses soared 365.09% in 2022, then rose 2.31% in 2026.
- A 5-year view of Operating Expenses shows it stood at $13.9 million in 2022, then surged by 46.23% to $20.3 million in 2023, then surged by 41.44% to $28.7 million in 2024, then gained by 10.91% to $31.8 million in 2025, then fell by 10.56% to $28.4 million in 2026.
- Business Quant data shows KBDC's Operating Expenses at $28.4 million in Q1 2026, $31.8 million in Q4 2025, and $31.3 million in Q3 2025.
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 | Kayne Anderson BDC | 929.28 Mn | 914.96 Mn | - | 28.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.43 Mn |
| Dec 31, 2025 | 31.79 Mn |
| Sep 30, 2025 | 31.33 Mn |
| Jun 30, 2025 | 29.38 Mn |
| Mar 31, 2025 | 27.79 Mn |
| Dec 31, 2024 | 28.66 Mn |
| Sep 30, 2024 | 27.56 Mn |
| Jun 30, 2024 | 22.64 Mn |
| Mar 31, 2024 | 22.69 Mn |
| Dec 31, 2023 | 20.26 Mn |
| Sep 30, 2023 | 19.83 Mn |
| Jun 30, 2023 | 19.01 Mn |
| Mar 31, 2023 | 17.08 Mn |
| Dec 31, 2022 | 13.86 Mn |
| Sep 30, 2022 | 9.26 Mn |
| Jun 30, 2022 | 5.85 Mn |
| Mar 31, 2022 | 5.68 Mn |
| Dec 31, 2021 | 3.67 Mn |
| Sep 30, 2021 | 1.99 Mn |