Palmer Square Capital BDC (PSBD) Operating Expenses (2021 - 2026)

Palmer Square Capital BDC (PSBD) reported Operating Expenses of $15.2 million for Q1 2026, down 17.05% on a YoY basis from $18.3 million in Q1 2025, and down 9.38% quarter-over-quarter from $16.8 million in Q4 2025.

Palmer Square Capital BDC (PSBD) Operating Expenses (2021 - 2026) Analysis & Trends

Palmer Square Capital BDC has reported Operating Expenses for 6 years, with the latest figure at $15.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 17.05% year-over-year to $15.2 million; the trailing twelve-month figure through Mar 2026 stood at $67.8 million (down 16.02% YoY), and the FY2025 full-year result was $70.9 million, down 12.39% from the prior year.
  • Operating Expenses for Q1 2026 stood at $15.2 million, down from $16.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $21.6 million in Q3 2024, with the low at $5.9 million in Q1 2022.
  • Historically, Operating Expenses has averaged $15.1 million across 5 years, with a median of $15.2 million in 2026.
  • Annual changes were most pronounced in 2022 — Operating Expenses surged 135.31% — and 2026, when it retreated 17.05%.
  • Palmer Square Capital BDC's Operating Expenses stood at $11.6 million in 2022, then grew by 26.84% to $14.7 million in 2023, then surged by 36.46% to $20.1 million in 2024, then fell by 16.57% to $16.8 million in 2025, then decreased by 9.38% to $15.2 million in 2026.
  • The last three Operating Expenses figures came in at $15.2 million (Q1 2026), $16.8 million (Q4 2025), and $18.0 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 Palmer Square Capital BDC 336.83 Mn 335.34 Mn - 15.18 Mn

Historic Data

Download Data
DateValue
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