Kayne Anderson BDC (KBDC) Operating Expenses (2021 - 2026)
Kayne Anderson BDC (KBDC) posted quarterly 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% quarter-over-quarter from $31.8 million in Q4 2025.
Kayne Anderson BDC (KBDC) Operating Expenses (2021 - 2026) Analysis & Trends
Kayne Anderson BDC (KBDC) has reported Operating Expenses for 6 consecutive years, with $28.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 2.31% year-over-year to $28.4 million; the TTM figure through Mar 2026 stood at $120.9 million (up 13.38% YoY), while the FY2025 annual figure was $120.3 million, up 18.44% from the prior year.
- Operating Expenses declined 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.
- Historically, Operating Expenses has averaged $21.2 million across 5 years, with a median of $22.6 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 365.09% — and 2026, when it rose 2.31%.
- Kayne Anderson BDC's Operating Expenses 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 advanced by 10.91% to $31.8 million in 2025, then retreated by 10.56% to $28.4 million in 2026.
- Business Quant data shows KBDC's Operating Expenses at $28.4 million in Q1 2026, $31.8 million in Q4 2025, and $31.3 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Kayne Anderson BDC | 888.72 Mn | 888.72 Mn | - | 28.14 Mn |
Historic Data
Download 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 |