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
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