WhiteHorse Finance (WHF) Management Fees Payable (2012 - 2026)
WhiteHorse Finance's Management Fees Payable was $2.58 million in Q3 2026, down 7.0% from $2.77 million a year earlier but up 1.4% from the prior quarter.
WhiteHorse Finance (WHF) Management Fees Payable (2012 - 2026) Analysis & Trends
At the end of FY2025, Management Fees Payable at WhiteHorse Finance came in at $2.66 million, down 9.3% from FY2024.
- Management Fees Payable has now declined for three consecutive years, with a five-year compound annual growth rate of -4.5% (FY2020 to FY2025).
- In earlier years, Management Fees Payable was $2.93 million in FY2024 (-18.4%), $3.6 million in FY2023 (-6.9%), $3.86 million in FY2022 (+2.5%) and $3.77 million in FY2021 (+12.3%).
- Quarterly Management Fees Payable has moved between $2.55 million (Q2 2026) and $3.95 million (Q1 2022) over five years.
- Compared with a year earlier, Management Fees Payable has declined for 15 straight quarters, with an average decline of 9.9% over the last eight quarters.
- The best year-over-year quarter for Management Fees Payable over five years was Q1 2022 (growth of 18.2%); the worst was Q4 2024 (a decline of 18.4%).
- Per Business Quant data, WHF's Management Fees Payable in the three quarters before Q3 2026 was $2.55 million (Q2 2026), $2.56 million (Q1 2026) and $2.66 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Management Fees Payable (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | - |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 109.00 Mn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | WhiteHorse Finance | 177.40 Mn | 143.00 Mn | - | 2.58 Mn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.58 Mn |
| Jun 30, 2026 | 2.55 Mn |
| Mar 31, 2026 | 2.56 Mn |
| Dec 31, 2025 | 2.66 Mn |
| Sep 30, 2025 | 2.77 Mn |
| Jun 30, 2025 | 2.84 Mn |
| Mar 31, 2025 | 2.83 Mn |
| Dec 31, 2024 | 2.93 Mn |
| Sep 30, 2024 | 3.01 Mn |
| Jun 30, 2024 | 3.07 Mn |
| Mar 31, 2024 | 3.12 Mn |
| Dec 31, 2023 | 3.60 Mn |
| Sep 30, 2023 | 3.67 Mn |
| Jun 30, 2023 | 3.71 Mn |
| Mar 31, 2023 | 3.71 Mn |
| Dec 31, 2022 | 3.86 Mn |
| Sep 30, 2022 | 3.88 Mn |
| Jun 30, 2022 | 3.91 Mn |
| Mar 31, 2022 | 3.95 Mn |
| Dec 31, 2021 | 3.77 Mn |
WhiteHorse Finance Management Fees Payable API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=management-fees-payable&ticker=WHF&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "management-fees-payable", "ticker": "WHF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=management-fees-payable&ticker=WHF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();