Palmer Square Capital BDC (PSBD) Operating Expenses (2021 - 2026)
Palmer Square Capital BDC (PSBD) recorded Operating Expenses of $15.26 million in Q2 2026, down 14.5% from $17.84 million a year earlier but up 0.5% from the prior quarter.
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Analysis
Palmer Square Capital BDC (PSBD) Operating Expenses (2021 - 2026) Analysis & Trends
On a TTM basis, Palmer Square Capital BDC's Operating Expenses came in at $65.23 million as of Jun 30, 2026, down 16.1% year-over-year; for FY2025, it was $70.93 million, down 12.4% from FY2024.
- Annual Operating Expenses has a four-year compound annual growth rate of 41.6% (FY2021 to FY2025).
- Across earlier years, Operating Expenses came in at $80.96 million in FY2024 (+46.4%), $55.29 million in FY2023 (+60.4%), $34.46 million in FY2022 (+95.3%) and $17.65 million in FY2021.
- Quarterly Operating Expenses has ranged from $4.15 million in Q3 2021 to $21.58 million in Q3 2024 over the past five years.
- On a year-over-year basis, Operating Expenses has declined for six consecutive quarters, with growth averaging 1.0% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 135.3% in Q3 2022, against a decline of 17.1% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $15.18 million (Q1 2026), $16.75 million (Q4 2025) and $18.04 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.50 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 4.66 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 2.07 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 1.02 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 1.33 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Palmer Square Capital BDC | 305.59 Mn | 305.59 Mn | - | 15.26 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.26 Mn |
| 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 |
API Access
Palmer Square Capital BDC Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=PSBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "PSBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=PSBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();