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% quarter-over-quarter from $684000.0 in Q4 2025.
Blue Owl Technology Finance (OTF) Operating Expenses (2022 - 2026) Analysis & Trends
Blue Owl Technology Finance (OTF) has 5 years of Operating Expenses data on file, last reported at $153.4 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $153.4 million, up 86.71% year-over-year; the trailing twelve-month figure through Mar 2026 was $502.6 million (up 65.2% YoY), and the FY2025 annual result was $625.9 million, up 109.72% from the prior year.
- Operating Expenses advanced to $153.4 million in Q1 2026 per OTF's latest filing, from $684000.0 in the prior quarter.
- Over five years, Operating Expenses peaked at $189.6 million in Q3 2025 and troughed at $684000.0 in Q4 2025.
- A 5-year average of $82.7 million and a median of $76.3 million in 2024 frame the typical range for Operating Expenses.
- On a YoY basis, Operating Expenses climbed as much as 150.11% in 2025 and fell as far as 99.1% in 2025.
- A 5-year view of Operating Expenses shows it stood at $68.4 million in 2022, then climbed by 13.6% to $77.7 million in 2023, then fell by 1.73% to $76.4 million in 2024, then tumbled by 99.1% to $684000.0 in 2025, then soared by 22320.18% to $153.4 million in 2026.
- Business Quant data shows OTF's Operating Expenses at $153.4 million in Q1 2026, $684000.0 in Q4 2025, and $189.6 million in Q3 2025.
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 | Blue Owl Technology Finance | 4.94 Bn | 4.45 Bn | - | 153.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |