Blue Owl Technology Finance (OTF) Operating Expenses (2022 - 2026)
Blue Owl Technology Finance's (OTF) quarterly Operating Expenses came in at $199.0 million in Q2 2026, up 25.18% year-over-year from $159.0 million in Q2 2025, and up 29.74% quarter-over-quarter from $153.4 million in Q1 2026.
Analysis
Blue Owl Technology Finance (OTF) Operating Expenses (2022 - 2026) Analysis & Trends
Blue Owl Technology Finance (OTF) has reported Operating Expenses for 5 consecutive years, with $199.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 25.18% year-over-year to $199.0 million in Q2 2026; TTM through Jun 2026 was $542.6 million, a 37.98% increase from a year earlier, with the FY2025 full-year figure at $625.9 million, up 109.72% from the prior year.
- Operating Expenses was $199.0 million for Q2 2026 at Blue Owl Technology Finance, up from $153.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $199.0 million in Q2 2026 and troughed at $684000.0 in Q4 2025.
- A 5-year average of $89.1 million and a median of $76.4 million in 2024 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 150.11% in 2025, down 99.1% in 2025.
- Over 5 years, Operating Expenses stood at $68.4 million in 2022, then advanced by 13.6% to $77.7 million in 2023, then declined by 1.73% to $76.4 million in 2024, then plunged by 99.1% to $684000.0 in 2025, then soared by 28988.6% to $199.0 million in 2026.
- The last three Operating Expenses figures came in at $199.0 million (Q2 2026), $153.4 million (Q1 2026), and $684000.0 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.08 Bn | 13.70 Bn | - | 401.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 142.27 Mn |
| 3 | Blue Owl Capital | 5.49 Bn | 5.25 Bn | - | 224.46 Mn |
| 4 | Main Street Capital | 5.24 Bn | 5.18 Bn | - | 55.78 Mn |
| 5 | Blue Owl Technology Finance | 4.98 Bn | 4.77 Bn | - | 198.97 Mn |
| 6 | Hercules Capital | 4.62 Bn | 4.57 Bn | - | 61.10 Mn |
| 7 | FS KKR Capital | 3.35 Bn | 3.24 Bn | - | 179.00 Mn |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | 102.51 Mn |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -128.99 Mn | - | 40.19 Mn |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.02 Bn | - | 35.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 198.97 Mn |
| 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 |