Palmer Square Capital BDC (PSBD) Operating Expenses (2021 - 2026)
Palmer Square Capital BDC's (PSBD) quarterly Operating Expenses came in at $15.2 million in Q1 2026, down 17.05% YoY from $18.3 million in Q1 2025, and down 9.38% on a QoQ basis from $16.8 million in Q4 2025.
Palmer Square Capital BDC (PSBD) Operating Expenses (2021 - 2026) Analysis & Trends
Palmer Square Capital BDC (PSBD) has 6 years of Operating Expenses data on file, last reported at $15.2 million in 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 retreated to $15.2 million in Q1 2026, from $16.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $21.6 million in Q3 2024 to a low of $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 retreated 17.05%.
- Tracing PSBD's Operating Expenses over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 178.84 Bn | 164.97 Bn | - | 4.62 Bn |
| 2 | Blackstone | 114.98 Bn | 112.47 Bn | - | 2.38 Bn |
| 3 | Kkr | 97.57 Bn | -179.51 Bn | - | 5.41 Bn |
| 4 | Brookfield | 93.50 Bn | 46.10 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 83.79 Bn | 82.29 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 78.69 Bn | 53.32 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 51.58 Bn | 51.58 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 51.32 Bn | 40.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Raymond James Financial | 34.01 Bn | 20.76 Bn | - | 3.18 Bn |
| 10 | Palmer Square Capital BDC | 317.61 Mn | 317.61 Mn | - | 15.26 Mn |
Historic Data
Download 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 |