Earnings Releases·Nov 9, 2026, 5:21 PM ET

BDC — Q3 2026 Earnings Summary

Total assets grew 23.7% year-over-year to $1,168.5 million, while investment income rose 11.0% to $24.2 million for the quarter; however, net assets decreased $13.7 million due to $11.3 million in net realized losses and $9.8 million in unrealized losses, resulting in a diluted EPS of $(0.40) versus $0.23 in the prior year.
The portfolio expanded to 64 companies with a 36.8% increase in fair value investments, though the distribution rate declined to 8.1% from 9.4% and dividends per share fell to $0.28 from $0.35 in the prior year.
Strategic "Goal 2030" targets aim for 100,000 supported employees (currently 52,700) and a 50% non-sponsored portfolio mix (currently 46.1%), while capital structure remains robust with a 207.4% asset coverage ratio and 96.6% floating rate exposure.
Credit metrics show increased leverage with a weighted average net leverage of 3.7x and loan-to-value of 54.0%, alongside a 2.8% non-accrual rate and 1.2% watch-listed rate.