Former Rep. Mary Peltola’s (D-Alaska) staggering first-quarter haul comes with a caveat: She spent a lot to raise a lot.

Peltola hauled in nearly $8.7 million directly to her campaign account over the first quarter of the year in her quest to unseat Alaska GOP Sen. Dan Sullivan. She raised four times as much cash as the incumbent, according to filings from the Federal Election Commission. But she spent nearly $3 million, leaving her with $5.7 million in cash on hand.

Sullivan, meanwhile, raised $1.7 million directly to his campaign account and kicked off April with more than $7 million in his war chest.

Both campaigns have argued they’re in strong financial positions in what is already shaping up to be an expensive race by Alaska standards — one that could help decide control of the Senate. Peltola has an early polling advantage and led Sullivan by 5 percentage points in a mid-March Alaska Survey Research poll.

The candidates are getting a boost from outside groups. Democratic-aligned groups have already put more than $3 million into backing Peltola, per the tracking firm AdImpact. The Senate Leadership Fund, a top GOP super PAC, has pledged to put $15 million into defending Sullivan’s seat and has already placed millions of dollars in ad buys.

Rep. Angie Craig (D-Minn.) holds an edge over Minnesota Lt. Gov. Peggy Flanagan in fundraising, well ahead of the state’s Democratic primary in August.

Craig raised $2.5 million in the first quarter of the year, according to Federal Elections Commission filings, besting Flanagan’s haul of $1.3 million. That sets up Craig with $4.8 million in cash on hand, more than the $1.1 million Flanagan has in the bank.

Flanagan’s filing also shows her burning money at a rapid rate: Her campaign spent more than $1 million in the first quarter, nearly as much as it raised.

Campaign contributions are poised to become a wedge issue in the competitive Democratic primary. Flanagan has attacked Craig for accepting contributions from corporate PACs and has pledged not to take their money.

Former Democratic Sen. Sherrod Brown’s fundraising haul is dwarfing his opponent’s, keeping Democrats’ hopes of flipping the Ohio Senate seat alive.

Brown raised $10.1 million in the first quarter of the year compared with GOP Sen. Jon Husted’s $2.9 million, according to Federal Elections Commission filings. Brown carries $16.5 million in cash on hand, more than doubling Husted’s $8.2 million in cash reserves heading into both parties’ uncontested primaries in May.

Senate Republicans are planning major investments to help Husted win his first election after he was appointed to Vice President JD Vance’s former seat last year. Senate Leadership Fund, the top Senate GOP super PAC, pledged to spend $79 million in Ohio.

Democrats are hoping Brown, who served in Congress for over 30 years before he lost reelection to Sen. Bernie Moreno in 2024, can put the red-leaning state back within reach.