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
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 |