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% 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 6 years of Operating Expenses data on file, last reported at $28.4 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $28.4 million, up 2.31% year-over-year; the trailing twelve-month figure through Mar 2026 was $120.9 million (up 13.38% YoY), and the FY2025 annual result was $120.3 million, up 18.44% from the prior year.
  • Operating Expenses retreated to $28.4 million in Q1 2026 per KBDC's latest filing, from $31.8 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $31.8 million in Q4 2025 and troughed at $5.7 million in Q1 2022.
  • A 5-year average of $21.2 million and a median of $22.6 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2026: Operating Expenses soared 365.09% in 2022, then rose 2.31% in 2026.
  • A 5-year view of Operating Expenses shows it 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 gained by 10.91% to $31.8 million in 2025, then fell 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 3.88 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 2.26 Bn
3 Kkr 86.45 Bn 133.96 Bn - 3.87 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 4.68 Bn
5 State Street 46.95 Bn 21.27 Bn - 2.81 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 1.51 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 3.12 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 1.17 Bn
10 Kayne Anderson BDC 929.28 Mn 914.96 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