WhiteHorse Finance (WHF) Operating Expenses (2021 - 2026)
WhiteHorse Finance (WHF) posted quarterly 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 reported Operating Expenses for 6 consecutive years, with $10.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 13.07% year-over-year to $10.3 million; the TTM figure through Mar 2026 stood at $44.6 million (down 14.23% YoY), while the FY2025 annual figure was $46.1 million, down 15.35% from the prior year.
- Operating Expenses declined to $10.3 million in Q1 2026 per WHF's latest filing, from $10.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $15.2 million in Q1 2023 and bottomed at $10.3 million in Q1 2026.
- Historically, Operating Expenses has averaged $12.9 million across 5 years, with a median of $12.8 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses soared 34.95% — and 2025, when it retreated 17.5%.
- WhiteHorse Finance's Operating Expenses stood at $14.4 million in 2022, then grew by 2.13% to $14.7 million in 2023, then fell by 13.4% to $12.8 million in 2024, then retreated by 15.76% to $10.8 million in 2025, then retreated 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 178.55 Bn | 164.68 Bn | - | 4.62 Bn |
| 2 | Blackstone | 115.02 Bn | 112.52 Bn | - | 2.38 Bn |
| 3 | Kkr | 97.24 Bn | -179.83 Bn | - | 5.41 Bn |
| 4 | Brookfield | 93.35 Bn | 45.94 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 83.51 Bn | 82.00 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 78.61 Bn | 53.24 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 51.21 Bn | 51.21 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 51.14 Bn | 40.10 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Raymond James Financial | 33.91 Bn | 20.66 Bn | - | 3.18 Bn |
| 10 | WhiteHorse Finance | 154.13 Mn | 145.66 Mn | - | 9.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.79 Mn |
| 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 |