New Mountain Finance (NMFC) Operating Expenses (2021 - 2026)
New Mountain Finance's (NMFC) quarterly Operating Expenses came in at $44.3 million in Q1 2026, down 13.28% year-on-year from $51.0 million in Q1 2025, and little changed quarter-over-quarter from $44.3 million in Q4 2025.
New Mountain Finance (NMFC) Operating Expenses (2021 - 2026) Analysis & Trends
New Mountain Finance's Operating Expenses history runs 6 years deep, the most recent figure standing at $44.3 million for Q1 2026.
- On a quarterly basis, Operating Expenses fell 13.28% year-over-year to $44.3 million in Q1 2026; TTM through Mar 2026 was $186.5 million, a 17.92% decrease from a year earlier, with the FY2025 full-year figure at $190.7 million, down 16.79% from the prior year.
- Operating Expenses held at $44.3 million in Q1 2026 per NMFC's latest filing, from $44.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $60.4 million in Q4 2024 and bottomed at $40.3 million in Q1 2022.
- The 5-year median for Operating Expenses is $51.0 million (2025), against an average of $50.5 million.
- Across the five-year window, Operating Expenses soared 895.71% in 2022 and declined 26.7% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $49.1 million in 2022, then dropped by 0.41% to $48.9 million in 2023, then increased by 23.5% to $60.4 million in 2024, then retreated by 26.7% to $44.3 million in 2025, then retreated by 0.11% to $44.3 million in 2026.
- Per Business Quant, the three latest NMFC Operating Expenses figures stand at $44.3 million (Q1 2026), $44.3 million (Q4 2025), and $46.5 million (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 | New Mountain Finance | 685.25 Mn | 640.59 Mn | - | 44.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.26 Mn |
| Dec 31, 2025 | 44.31 Mn |
| Sep 30, 2025 | 46.46 Mn |
| Jun 30, 2025 | 51.48 Mn |
| Mar 31, 2025 | 51.04 Mn |
| Dec 31, 2024 | 60.45 Mn |
| Sep 30, 2024 | 59.82 Mn |
| Jun 30, 2024 | 55.92 Mn |
| Mar 31, 2024 | 53.90 Mn |
| Dec 31, 2023 | 48.95 Mn |
| Sep 30, 2023 | 55.32 Mn |
| Jun 30, 2023 | 55.73 Mn |
| Mar 31, 2023 | 54.53 Mn |
| Dec 31, 2022 | 49.15 Mn |
| Sep 30, 2022 | 45.65 Mn |
| Jun 30, 2022 | 41.49 Mn |
| Mar 31, 2022 | 40.29 Mn |
| Dec 31, 2021 | 4.94 Mn |
| Sep 30, 2021 | 37.84 Mn |