Main Street Capital (MAIN) Operating Expenses (2021 - 2026)
Main Street Capital (MAIN) posted Operating Expenses of $55.8 million for Q2 2026, up 6.72% on a QoQ basis from $52.3 million in Q1 2026, and up 10.14% year-over-year from $50.6 million in Q2 2025.
Analysis
Main Street Capital (MAIN) Operating Expenses (2021 - 2026) Analysis & Trends
Main Street Capital has reported Operating Expenses for 6 years, with the latest figure at $55.8 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 10.14% year-over-year to $55.8 million in Q2 2026; TTM through Jun 2026 was $209.8 million, a 6.4% increase from a year earlier, with the FY2025 full-year figure at $199.6 million, up 7.36% from the prior year.
- Operating Expenses was $55.8 million for Q2 2026 at Main Street Capital, up from $52.3 million in the prior quarter.
- The five-year high for Operating Expenses was $55.8 million in Q2 2026, with the low at $1.5 million in Q4 2022.
- Average Operating Expenses over 5 years is $38.8 million, with a median of $43.4 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 98.45% in 2022, then surged 2463.09% in 2023.
- Over 5 years, Operating Expenses stood at $1.5 million in 2022, then soared by 2463.09% to $39.2 million in 2023, then advanced by 27.89% to $50.1 million in 2024, then gained by 2.74% to $51.5 million in 2025, then advanced by 8.39% to $55.8 million in 2026.
- The last three Operating Expenses figures came in at $55.8 million (Q2 2026), $52.3 million (Q1 2026), and $51.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.74 Bn | - | 401.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.63 Bn | 5.37 Bn | - | 142.27 Mn |
| 3 | Blue Owl Capital | 5.49 Bn | 5.25 Bn | - | 224.46 Mn |
| 4 | Main Street Capital | 5.20 Bn | 5.15 Bn | - | 55.78 Mn |
| 5 | Blue Owl Technology Finance | 4.94 Bn | 4.73 Bn | - | 198.97 Mn |
| 6 | Hercules Capital | 4.66 Bn | 4.61 Bn | - | 61.10 Mn |
| 7 | FS KKR Capital | 3.33 Bn | 3.22 Bn | - | 179.00 Mn |
| 8 | Golub Capital Bdc | 3.31 Bn | 3.26 Bn | - | 102.51 Mn |
| 9 | PennantPark Floating Rate Capital | 2.49 Bn | -118.08 Mn | - | 40.19 Mn |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 35.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 55.78 Mn |
| Mar 31, 2026 | 52.26 Mn |
| Dec 31, 2025 | 51.46 Mn |
| Sep 30, 2025 | 50.32 Mn |
| Jun 30, 2025 | 50.64 Mn |
| Mar 31, 2025 | 47.24 Mn |
| Dec 31, 2024 | 50.09 Mn |
| Sep 30, 2024 | 49.23 Mn |
| Jun 30, 2024 | 44.85 Mn |
| Mar 31, 2024 | 41.80 Mn |
| Dec 31, 2023 | 39.16 Mn |
| Sep 30, 2023 | 41.06 Mn |
| Jun 30, 2023 | 41.86 Mn |
| Mar 31, 2023 | 39.29 Mn |
| Dec 31, 2022 | 1.53 Mn |
| Sep 30, 2022 | 35.94 Mn |
| Jun 30, 2022 | 3.46 Mn |
| Mar 31, 2022 | 2.82 Mn |
| Dec 31, 2021 | 98.68 Mn |
| Sep 30, 2021 | 2.73 Mn |