Kayne Anderson BDC (KBDC) Operating Expenses (2021 - 2026)
Kayne Anderson BDC's (KBDC) quarterly Operating Expenses came in at $28.1 million in Q2 2026, down 4.2% year-over-year from $29.4 million in Q2 2025, and down 1.01% quarter-over-quarter from $28.4 million in Q1 2026.
Analysis
Kayne Anderson BDC (KBDC) Operating Expenses (2021 - 2026) Analysis & Trends
Kayne Anderson BDC (KBDC) has reported Operating Expenses for 6 consecutive years, with $28.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 4.2% year-over-year to $28.1 million in Q2 2026; TTM through Jun 2026 was $119.7 million, a 5.56% increase from a year earlier, with the FY2025 full-year figure at $120.3 million, up 18.44% from the prior year.
- Operating Expenses was $28.1 million for Q2 2026 at Kayne Anderson BDC, down from $28.4 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 $21.6 million and a median of $22.7 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 365.09% in 2022 and dropped 4.2% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $13.9 million in 2022, then jumped by 46.23% to $20.3 million in 2023, then jumped by 41.44% to $28.7 million in 2024, then rose by 10.91% to $31.8 million in 2025, then dropped by 11.47% to $28.1 million in 2026.
- The last three Operating Expenses figures came in at $28.1 million (Q2 2026), $28.4 million (Q1 2026), and $31.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - | 401.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | 142.27 Mn |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - | 224.46 Mn |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - | 55.78 Mn |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - | 198.97 Mn |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - | 61.10 Mn |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - | 179.00 Mn |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - | 102.51 Mn |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - | 40.19 Mn |
| 10 | Kayne Anderson BDC | 890.61 Mn | 890.61 Mn | - | 28.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.14 Mn |
| 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 |