Palmer Square Capital BDC (PSBD) Operating Expenses (2021 - 2026)
Palmer Square Capital BDC (PSBD) posted Operating Expenses of $15.2 million for Q1 2026, down 9.38% on a QoQ basis from $16.8 million in Q4 2025, and down 17.05% year-over-year from $18.3 million in Q1 2025.
Palmer Square Capital BDC (PSBD) Operating Expenses (2021 - 2026) Analysis & Trends
Palmer Square Capital BDC's Operating Expenses history runs 6 years deep, the most recent figure standing at $15.2 million for Q1 2026.
- Quarterly Operating Expenses fell 17.05% year-over-year to $15.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $67.8 million (down 16.02% YoY) and the FY2025 annual result came in at $70.9 million, down 12.39% from the prior year.
- Operating Expenses was $15.2 million for Q1 2026 at Palmer Square Capital BDC, down from $16.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $21.6 million in Q3 2024 and bottomed at $5.9 million in Q1 2022.
- A 5-year average of $15.1 million and a median of $15.2 million in 2026 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 135.31% — and 2026, when it dropped 17.05%.
- Palmer Square Capital BDC's Operating Expenses stood at $11.6 million in 2022, then rose by 26.84% to $14.7 million in 2023, then jumped by 36.46% to $20.1 million in 2024, then decreased by 16.57% to $16.8 million in 2025, then dropped by 9.38% to $15.2 million in 2026.
- Business Quant data shows PSBD's Operating Expenses at $15.2 million in Q1 2026, $16.8 million in Q4 2025, and $18.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Palmer Square Capital BDC | 293.79 Mn | 293.79 Mn | - | 15.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.18 Mn |
| Dec 31, 2025 | 16.75 Mn |
| Sep 30, 2025 | 18.04 Mn |
| Jun 30, 2025 | 17.84 Mn |
| Mar 31, 2025 | 18.30 Mn |
| Dec 31, 2024 | 20.08 Mn |
| Sep 30, 2024 | 21.58 Mn |
| Jun 30, 2024 | 20.79 Mn |
| Mar 31, 2024 | 18.52 Mn |
| Dec 31, 2023 | 14.71 Mn |
| Sep 30, 2023 | 14.24 Mn |
| Jun 30, 2023 | 13.50 Mn |
| Mar 31, 2023 | 12.83 Mn |
| Dec 31, 2022 | 11.60 Mn |
| Sep 30, 2022 | 9.77 Mn |
| Jun 30, 2022 | 7.22 Mn |
| Mar 31, 2022 | 5.87 Mn |
| Dec 31, 2021 | 5.86 Mn |
| Sep 30, 2021 | 4.15 Mn |