New Mountain Finance (NMFCZ) Operating Expenses (2021 - 2026)
New Mountain Finance (NMFCZ) recorded quarterly Operating Expenses of $44.3 million in Q1 2026, down 22.94% quarter-over-quarter from $57.4 million in Q4 2025, and down 16.27% on a YoY basis from $52.9 million in Q1 2025.
New Mountain Finance (NMFCZ) 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.
- In Q1 2026, Operating Expenses fell 16.27% year-over-year to $44.3 million; the TTM figure through Mar 2026 stood at $199.6 million (down 12.12% YoY), while the FY2025 annual figure was $203.8 million, down 11.06% from the prior year.
- Operating Expenses was $44.3 million for Q1 2026 at New Mountain Finance, down from $57.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $59.8 million in Q3 2024 to a low of $39.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $51.3 million across 5 years, with a median of $53.0 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 801.7% in 2022, then retreated 22.34% in 2025.
- A 5-year view of Operating Expenses shows it stood at $44.5 million in 2022, then grew by 26.35% to $56.2 million in 2023, then rose by 2.63% to $57.7 million in 2024, then declined by 0.47% to $57.4 million in 2025, then declined by 22.94% to $44.3 million in 2026.
- The last three Operating Expenses figures came in at $44.3 million (Q1 2026), $57.4 million (Q4 2025), and $46.5 million (Q3 2025), per Business Quant data.
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 | New Mountain Finance | - | - | - | 44.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.26 Mn |
| Dec 31, 2025 | 57.44 Mn |
| Sep 30, 2025 | 46.46 Mn |
| Jun 30, 2025 | 51.48 Mn |
| Mar 31, 2025 | 52.86 Mn |
| Dec 31, 2024 | 57.71 Mn |
| Sep 30, 2024 | 59.82 Mn |
| Jun 30, 2024 | 56.78 Mn |
| Mar 31, 2024 | 53.00 Mn |
| Dec 31, 2023 | 56.23 Mn |
| Sep 30, 2023 | 54.30 Mn |
| Jun 30, 2023 | 55.73 Mn |
| Mar 31, 2023 | 53.47 Mn |
| Dec 31, 2022 | 44.51 Mn |
| Sep 30, 2022 | 46.77 Mn |
| Jun 30, 2022 | 42.64 Mn |
| Mar 31, 2022 | 38.96 Mn |
| Dec 31, 2021 | 4.94 Mn |
| Sep 30, 2021 | 41.59 Mn |