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
DateValue
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