Bain Capital Specialty Finance | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 67.2 M

Revenue: As of FY2025 Q3, the actual value is USD 67.2 M, missing the estimate of USD 69.53 M.

EPS: As of FY2025 Q3, the actual value is USD 0.29, missing the estimate of USD 0.45.

EBIT: As of FY2025 Q3, the actual value is USD -3.639 M.

Financial Metrics by Segment

Net Investment Income

• Net investment income for Q3 2025 was $29.2 million, or $0.45 per share, compared to $30.6 million, or $0.47 per share, in Q2 2025.

Net Income

• Net income per share was $0.29, equating to an annualized return on book value of 6.6%.

Net Asset Value

• Net asset value per share as of September 30, 2025, was $17.40, compared to $17.56 as of June 30, 2025.

Investment Activity

• Gross and net investment fundings were $340.1 million and $44.0 million, respectively.

Total Investment Income

• Total investment income for Q3 2025 was $67.2 million, compared to $71.0 million in Q2 2025.

Expenses

• Total expenses for Q3 2025 were $37.2 million, compared to $39.3 million in Q2 2025.

Net Realized and Unrealized Losses

• The company reported net realized and unrealized losses of $10.5 million for Q3 2025.

Total Assets and Liabilities

• Total assets as of September 30, 2025, were $2,716.0 million, and total liabilities were $1,587.5 million.

Debt and Liquidity

• Total principal debt outstanding was $1,498.6 million, with a weighted average interest rate on debt outstanding of 4.8%.

Outlook / Guidance

• Bain Capital Specialty Finance, Inc. announced a fourth fiscal quarter 2025 dividend of $0.42 per share and an additional dividend of $0.03 per share, payable on December 30, 2025, for stockholders of record as of December 16, 2025. The company believes it is well-positioned to continue sourcing high-quality lending opportunities, supported by its dedicated Private Credit Group’s long heritage of disciplined investing in the core middle market.