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| 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 |