PennantPark Floating Rate Capital (PFLT) Operating Expenses (2021 - 2026)
PennantPark Floating Rate Capital (PFLT) reported Operating Expenses of $40.2 million for Q1 2026, up 8.94% on a YoY basis from $36.9 million in Q1 2025, and down 5.9% quarter-over-quarter from $42.7 million in Q4 2025.
PennantPark Floating Rate Capital (PFLT) Operating Expenses (2021 - 2026) Analysis & Trends
PennantPark Floating Rate Capital has reported Operating Expenses for 6 years, with the latest figure at $40.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 8.94% year-over-year to $40.2 million; the trailing twelve-month figure through Mar 2026 stood at $164.2 million (up 18.71% YoY), and the FY2025 full-year result was $154.3 million, up 42.01% from the prior year.
- Operating Expenses for Q1 2026 stood at $40.2 million, down from $42.7 million in the prior quarter.
- The five-year high for Operating Expenses was $45.4 million in Q3 2025, with the low at $13.2 million in Q1 2022.
- Historically, Operating Expenses has averaged $27.1 million across 5 years, with a median of $25.3 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses grew 4.34% — and 2024, when it jumped 118.05%.
- PennantPark Floating Rate Capital's Operating Expenses stood at $17.6 million in 2022, then gained by 4.34% to $18.4 million in 2023, then surged by 100.42% to $36.8 million in 2024, then grew by 16.06% to $42.7 million in 2025, then dropped by 5.9% to $40.2 million in 2026.
- The last three Operating Expenses figures came in at $40.2 million (Q1 2026), $42.7 million (Q4 2025), and $45.4 million (Q3 2025), per Business Quant data.
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 | PennantPark Floating Rate Capital | - | - | - | 40.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 40.21 Mn |
| Dec 31, 2025 | 42.73 Mn |
| Sep 30, 2025 | 45.39 Mn |
| Jun 30, 2025 | 35.82 Mn |
| Mar 31, 2025 | 36.91 Mn |
| Dec 31, 2024 | 36.82 Mn |
| Sep 30, 2024 | 37.55 Mn |
| Jun 30, 2024 | 27.01 Mn |
| Mar 31, 2024 | 25.27 Mn |
| Dec 31, 2023 | 18.37 Mn |
| Sep 30, 2023 | 17.22 Mn |
| Jun 30, 2023 | 19.06 Mn |
| Mar 31, 2023 | 17.81 Mn |
| Dec 31, 2022 | 17.61 Mn |
| Sep 30, 2022 | 16.43 Mn |
| Jun 30, 2022 | 13.81 Mn |
| Mar 31, 2022 | 13.15 Mn |
| Dec 31, 2021 | 13.61 Mn |