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

WhiteHorse Finance's (WHF) quarterly Operating Expenses came in at $10.3 million in Q1 2026, down 13.07% year-on-year from $11.9 million in Q1 2025, and down 4.18% on a QoQ basis 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.

  • On a quarterly basis, Operating Expenses fell 13.07% year-over-year to $10.3 million in Q1 2026; TTM through Mar 2026 was $44.6 million, a 14.23% decrease from a year earlier, with the FY2025 full-year figure at $46.1 million, down 15.35% from the prior year.
  • Operating Expenses for Q1 2026 stood at $10.3 million, down from $10.8 million in the prior quarter.
  • Over the last five years, Operating Expenses for WHF reached as high as $15.2 million in Q1 2023 and fell as low as $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.
  • Across the five-year window, Operating Expenses jumped 34.95% in 2023 and declined 17.5% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $14.4 million in 2022, then rose by 2.13% to $14.7 million in 2023, then decreased by 13.4% to $12.8 million in 2024, then slipped by 15.76% to $10.8 million in 2025, then slipped by 4.18% to $10.3 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 WhiteHorse Finance 144.76 Mn 132.98 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