Kayne Anderson BDC (KBDC) Operating Expenses (2021 - 2026)
Kayne Anderson BDC (KBDC) posted Operating Expenses of $28.14 million for Q2 2026, down 4.2% from $29.38 million a year earlier and down 1.0% from the prior quarter.
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Analysis
Kayne Anderson BDC (KBDC) Operating Expenses (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Kayne Anderson BDC was $119.69 million, up 5.6% year-over-year; for FY2025, it came in at $120.28 million, up 18.4% from FY2024.
- Annual Operating Expenses has increased for four consecutive years, with a four-year compound annual growth rate of 93.2% (FY2021 to FY2025).
- In prior years, Kayne Anderson BDC's Operating Expenses was $101.55 million in FY2024 (+33.3%), $76.19 million in FY2023 (+119.9%), $34.65 million in FY2022 (+301.6%) and $8.63 million in FY2021.
- The Q2 2026 figure stands as the lowest quarterly Operating Expenses since Q1 2025.
- On a year-over-year basis, Operating Expenses increased in seven of the last eight quarters, with growth averaging 19.4%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q3 2022, with growth of 365.1%; the weakest was Q2 2026, with a decline of 4.2%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $28.43 million (Q1 2026), $31.79 million (Q4 2025) and $31.33 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.50 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 4.66 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 2.07 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 1.02 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 1.33 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Kayne Anderson BDC | 832.34 Mn | 832.34 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 |
API Access
Kayne Anderson BDC Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=KBDC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "KBDC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=KBDC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();