Blue Owl Technology Finance (OTF) Operating Expenses (2022 - 2026)
Blue Owl Technology Finance (OTF) posted quarterly 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 reported Operating Expenses for 5 consecutive years, with $153.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 86.71% year-over-year to $153.4 million; the TTM figure through Mar 2026 stood at $502.6 million (up 65.2% YoY), while the FY2025 annual figure was $625.9 million, up 109.72% from the prior year.
- Operating Expenses rose 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.
- Historically, Operating Expenses has averaged $82.7 million across 5 years, with a median of $76.3 million in 2024.
- On a YoY basis, Operating Expenses climbed as much as 150.11% in 2025 and fell as far as 99.1% in 2025.
- Blue Owl Technology Finance's Operating Expenses stood at $68.4 million in 2022, then grew by 13.6% to $77.7 million in 2023, then retreated by 1.73% to $76.4 million in 2024, then plunged by 99.1% to $684000.0 in 2025, then jumped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Blue Owl Technology Finance | 5.11 Bn | 4.90 Bn | - | 198.97 Mn |
Historic Data
Download 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 |