Growth Metrics

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

Palmer Square Capital BDC posted quarterly Operating Expenses of $15.2 million for Q1 2026, down 17.05% year-on-year 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) has 6 years of Operating Expenses data on file, last reported 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.
  • Across five years, Operating Expenses topped out at $21.6 million in Q3 2024 and bottomed at $5.9 million in Q1 2022.
  • The 5-year median for Operating Expenses is $15.2 million (2026), against an average of $15.1 million.
  • The widest annual swing landed in 2022, when Operating Expenses surged 135.31%; it then retreated 17.05% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $11.6 million in 2022, then increased by 26.84% to $14.7 million in 2023, then soared by 36.46% to $20.1 million in 2024, then retreated by 16.57% to $16.8 million in 2025, then slipped 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 158.51 Bn 148.89 Bn - 3.88 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 2.26 Bn
3 Kkr 84.94 Bn 132.45 Bn - 3.87 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 733.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 4.68 Bn
6 State Street 44.42 Bn 18.75 Bn - 2.81 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 3.67 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 1.51 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 1.17 Bn
10 Palmer Square Capital BDC 338.08 Mn 336.59 Mn - 15.18 Mn

Historic Data

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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