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
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 |