Palmer Square Capital BDC (PSBD) Operating Expenses (2021 - 2026)
Palmer Square Capital BDC's (PSBD) quarterly Operating Expenses came in at $15.3 million in Q2 2026, down 14.47% on a YoY basis from $17.8 million in Q2 2025, and little changed quarter-over-quarter from $15.2 million in Q1 2026.
Analysis
Palmer Square Capital BDC (PSBD) Operating Expenses (2021 - 2026) Analysis & Trends
Palmer Square Capital BDC (PSBD) has reported Operating Expenses for 6 consecutive years, with $15.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 14.47% year-over-year to $15.3 million; the trailing twelve-month figure through Jun 2026 stood at $65.2 million (down 16.15% YoY), and the FY2025 full-year result was $70.9 million, down 12.39% from the prior year.
- Operating Expenses was little changed at $15.3 million in Q2 2026 per PSBD's latest filing, from $15.2 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.
- Historically, Operating Expenses has averaged $15.1 million across 5 years, with a median of $15.2 million in 2026.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses soared 135.31% in 2022, then decreased 17.05% in 2026.
- Over 5 years, 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 declined by 8.93% to $15.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $15.3 million, $15.2 million, and $16.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.74 Bn | - | 401.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.63 Bn | 5.37 Bn | - | 142.27 Mn |
| 3 | Blue Owl Capital | 5.49 Bn | 5.25 Bn | - | 224.46 Mn |
| 4 | Main Street Capital | 5.20 Bn | 5.15 Bn | - | 55.78 Mn |
| 5 | Blue Owl Technology Finance | 4.94 Bn | 4.73 Bn | - | 198.97 Mn |
| 6 | Hercules Capital | 4.66 Bn | 4.61 Bn | - | 61.10 Mn |
| 7 | FS KKR Capital | 3.33 Bn | 3.22 Bn | - | 179.00 Mn |
| 8 | Golub Capital Bdc | 3.31 Bn | 3.26 Bn | - | 102.51 Mn |
| 9 | PennantPark Floating Rate Capital | 2.49 Bn | -118.08 Mn | - | 40.19 Mn |
| 10 | Palmer Square Capital BDC | 316.21 Mn | 316.21 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 |