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
Download Data| Date | Value |
|---|---|
| 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 |