WhiteHorse Finance (WHFCL) Operating Expenses (2021 - 2026)
WhiteHorse Finance (WHFCL) 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% on a QoQ basis from $10.8 million in Q4 2025.
WhiteHorse Finance (WHFCL) has 6 years of Operating Expenses data on file, last reported at $10.3 million in Q1 2026.
- Quarterly Operating Expenses fell 13.07% year-over-year to $10.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $44.6 million (down 14.23% YoY) and the FY2025 annual result came in at $46.1 million, down 15.35% from the prior year.
- Operating Expenses slipped to $10.3 million in Q1 2026 per WHFCL'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.
- The 5-year median for Operating Expenses is $12.8 million (2024), against an average of $12.9 million.
- The widest annual swing landed in 2023, when Operating Expenses jumped 34.95%; it then declined 17.5% in 2025.
- Tracing WHFCL's Operating Expenses over 5 years: stood at $14.4 million in 2022, then gained by 2.13% to $14.7 million in 2023, then slipped by 13.4% to $12.8 million in 2024, then dropped by 15.76% to $10.8 million in 2025, then dropped by 4.18% to $10.3 million in 2026.
- Per Business Quant, the three latest WHFCL Operating Expenses figures stand at $10.3 million (Q1 2026), $10.8 million (Q4 2025), and $11.4 million (Q3 2025).
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 | WhiteHorse Finance | - | - | - | 10.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |