Growth Metrics

Blue Owl Technology Finance (OTF) Operating Expenses (2022 - 2026)

Blue Owl Technology Finance (OTF) reported Operating Expenses of $153.4 million for Q1 2026, up 86.71% year-over-year from $82.1 million in Q1 2025, and up 22320.18% on a QoQ basis from $684000.0 in Q4 2025.

Blue Owl Technology Finance (OTF) has 5 years of Operating Expenses data on file, last reported at $153.4 million in Q1 2026.

  • Quarterly Operating Expenses rose 86.71% year-over-year to $153.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $502.6 million (up 65.2% YoY) and the FY2025 annual result came in at $625.9 million, up 109.72% from the prior year.
  • Operating Expenses climbed to $153.4 million in Q1 2026 per OTF's latest filing, from $684000.0 in the prior quarter.
  • Across five years, Operating Expenses topped out at $189.6 million in Q3 2025 and bottomed at $684000.0 in Q4 2025.
  • The 5-year median for Operating Expenses is $76.3 million (2024), against an average of $82.7 million.
  • Peak annual rise in Operating Expenses reached 150.11% in 2025, while the deepest fall reached 99.1% in 2025.
  • Tracing OTF's Operating Expenses over 5 years: stood at $68.4 million in 2022, then gained by 13.6% to $77.7 million in 2023, then dropped by 1.73% to $76.4 million in 2024, then sank by 99.1% to $684000.0 in 2025, then jumped by 22320.18% to $153.4 million in 2026.
  • Per Business Quant, the three latest OTF Operating Expenses figures stand at $153.4 million (Q1 2026), $684000.0 (Q4 2025), and $189.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 3.88 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 2.26 Bn
3 Kkr 84.94 Bn 132.45 Bn - 3.87 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 733.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 4.68 Bn
6 State Street 44.42 Bn 18.75 Bn - 2.81 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 3.67 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 1.51 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 1.17 Bn
10 Blue Owl Technology Finance 5.27 Bn 4.79 Bn - 153.35 Mn

Historic Data

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DateValue
Mar 31, 2026 153.35 Mn
Dec 31, 2025 684,000.00
Sep 30, 2025 189.59 Mn
Jun 30, 2025 158.95 Mn
Mar 31, 2025 82.13 Mn
Dec 31, 2024 76.36 Mn
Sep 30, 2024 75.80 Mn
Jun 30, 2024 69.92 Mn
Mar 31, 2024 76.34 Mn
Dec 31, 2023 77.71 Mn
Sep 30, 2023 73.37 Mn
Jun 30, 2023 80.65 Mn
Mar 31, 2023 76.81 Mn
Dec 31, 2022 68.41 Mn
Sep 30, 2022 68.64 Mn
Jun 30, 2022 36.61 Mn
Mar 31, 2022 40.08 Mn