Kayne Anderson BDC (KBDC) Operating Expenses (2021 - 2026)

Kayne Anderson BDC's (KBDC) quarterly Operating Expenses came in at $28.4 million in Q1 2026, up 2.31% year-on-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) 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.

  • On a quarterly basis, Operating Expenses rose 2.31% year-over-year to $28.4 million in Q1 2026; TTM through Mar 2026 was $120.9 million, a 13.38% increase from a year earlier, with the FY2025 full-year figure at $120.3 million, up 18.44% from the prior year.
  • Operating Expenses for Q1 2026 stood at $28.4 million, down from $31.8 million in the prior quarter.
  • Over the last five years, Operating Expenses for KBDC reached as high as $31.8 million in Q4 2025 and fell as low as $5.7 million in Q1 2022.
  • Historically, Operating Expenses has averaged $21.2 million across 5 years, with a median of $22.6 million in 2024.
  • Across the five-year window, Operating Expenses jumped 365.09% in 2022 and grew 2.31% in 2026, its largest moves.
  • Year by year, Operating Expenses 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 grew by 10.91% to $31.8 million in 2025, then slipped by 10.56% to $28.4 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Kayne Anderson BDC 896.38 Mn 896.38 Mn - 28.43 Mn

Historic Data

Download Data
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