Growth Metrics

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% on a QoQ basis from $31.8 million in Q4 2025.

Kayne Anderson BDC (KBDC) has 6 years of Operating Expenses data on file, last reported at $28.4 million in Q1 2026.

  • Quarterly Operating Expenses rose 2.31% year-over-year to $28.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $120.9 million (up 13.38% YoY) and the FY2025 annual result came in at $120.3 million, up 18.44% from the prior year.
  • Operating Expenses slipped to $28.4 million in Q1 2026 per KBDC's latest filing, from $31.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $31.8 million in Q4 2025 and bottomed at $5.7 million in Q1 2022.
  • The 5-year median for Operating Expenses is $22.6 million (2024), against an average of $21.2 million.
  • The widest annual swing landed in 2022, when Operating Expenses jumped 365.09%; it then grew 2.31% in 2026.
  • Tracing KBDC's Operating Expenses over 5 years: stood at $13.9 million in 2022, then soared by 46.23% to $20.3 million in 2023, then soared by 41.44% to $28.7 million in 2024, then increased by 10.91% to $31.8 million in 2025, then dropped by 10.56% to $28.4 million in 2026.
  • Per Business Quant, the three latest KBDC Operating Expenses figures stand at $28.4 million (Q1 2026), $31.8 million (Q4 2025), and $31.3 million (Q3 2025).

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 Kayne Anderson BDC 999.11 Mn 984.79 Mn - 28.43 Mn

Historic Data

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DateValue
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