New Mountain Finance (NMFC) Operating Expenses (2021 - 2026)
New Mountain Finance (NMFC) posted Operating Expenses of $36.83 million for Q2 2026, down 24.7% from $48.9 million a year earlier and down 3.5% from the prior quarter.
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Analysis
New Mountain Finance (NMFC) Operating Expenses (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at New Mountain Finance was $165.76 million, down 23.4% year-over-year; for FY2025, it came in at $190.71 million, down 15.4% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of 4.1% (FY2020 to FY2025).
- In prior years, New Mountain Finance's Operating Expenses was $225.44 million in FY2024 (+5.1%), $214.52 million in FY2023 (+23.1%), $174.2 million in FY2022 (+14.6%) and $152 million in FY2021 (-2.8%).
- The Q2 2026 figure stands as the lowest quarterly Operating Expenses in data going back to Q3 2021.
- On a year-over-year basis, Operating Expenses has declined in each of the last six quarters, with an average decline of 11.4% over the last eight quarters.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q1 2023, with growth of 37.2%; the weakest was Q1 2026, with a decline of 25.2%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $38.16 million (Q1 2026), $44.31 million (Q4 2025) and $46.46 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | 2.50 Bn |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | 4.66 Bn |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | 2.07 Bn |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 1.02 Bn |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 1.33 Bn |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | New Mountain Finance | 662.11 Mn | 408.41 Mn | - | 36.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.83 Mn |
| Mar 31, 2026 | 38.16 Mn |
| Dec 31, 2025 | 44.31 Mn |
| Sep 30, 2025 | 46.46 Mn |
| Jun 30, 2025 | 48.90 Mn |
| Mar 31, 2025 | 51.04 Mn |
| Dec 31, 2024 | 56.71 Mn |
| Sep 30, 2024 | 59.82 Mn |
| Jun 30, 2024 | 55.92 Mn |
| Mar 31, 2024 | 53.00 Mn |
| Dec 31, 2023 | 52.12 Mn |
| Sep 30, 2023 | 54.30 Mn |
| Jun 30, 2023 | 54.63 Mn |
| Mar 31, 2023 | 53.47 Mn |
| Dec 31, 2022 | 48.10 Mn |
| Sep 30, 2022 | 45.65 Mn |
| Jun 30, 2022 | 41.49 Mn |
| Mar 31, 2022 | 38.96 Mn |
| Dec 31, 2021 | 38.10 Mn |
| Sep 30, 2021 | 37.84 Mn |
API Access
New Mountain Finance Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=NMFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "NMFC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=NMFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();