WhiteHorse Finance (WHF) Operating Expenses (2021 - 2026)

WhiteHorse Finance (WHF) reported Operating Expenses of $10.3 million for Q1 2026, down 13.07% year-over-year from $11.9 million in Q1 2025, and down 4.18% quarter-over-quarter from $10.8 million in Q4 2025.

WhiteHorse Finance (WHF) Operating Expenses (2021 - 2026) Analysis & Trends

WhiteHorse Finance (WHF) has 6 years of Operating Expenses data on file, last reported at $10.3 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $10.3 million, down 13.07% year-over-year; the trailing twelve-month figure through Mar 2026 was $44.6 million (down 14.23% YoY), and the FY2025 annual result was $46.1 million, down 15.35% from the prior year.
  • Operating Expenses retreated to $10.3 million in Q1 2026 per WHF's latest filing, from $10.8 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $15.2 million in Q1 2023 and troughed at $10.3 million in Q1 2026.
  • A 5-year average of $12.9 million and a median of $12.8 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses soared 34.95% in 2023, then retreated 17.5% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $14.4 million in 2022, then climbed by 2.13% to $14.7 million in 2023, then declined by 13.4% to $12.8 million in 2024, then fell by 15.76% to $10.8 million in 2025, then fell by 4.18% to $10.3 million in 2026.
  • Business Quant data shows WHF's Operating Expenses at $10.3 million in Q1 2026, $10.8 million in Q4 2025, and $11.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 3.88 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 2.26 Bn
3 Kkr 86.45 Bn 133.96 Bn - 3.87 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 4.68 Bn
5 State Street 46.95 Bn 21.27 Bn - 2.81 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 1.51 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 3.12 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 1.17 Bn
10 WhiteHorse Finance 142.99 Mn 131.20 Mn - 10.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 10.30 Mn
Dec 31, 2025 10.75 Mn
Sep 30, 2025 11.40 Mn
Jun 30, 2025 12.09 Mn
Mar 31, 2025 11.85 Mn
Dec 31, 2024 12.76 Mn
Sep 30, 2024 13.40 Mn
Jun 30, 2024 13.92 Mn
Mar 31, 2024 14.37 Mn
Dec 31, 2023 14.74 Mn
Sep 30, 2023 14.88 Mn
Jun 30, 2023 14.75 Mn
Mar 31, 2023 15.21 Mn
Dec 31, 2022 14.43 Mn
Sep 30, 2022 11.60 Mn
Jun 30, 2022 11.95 Mn
Mar 31, 2022 11.27 Mn
Dec 31, 2021 10.84 Mn
Sep 30, 2021 10.49 Mn