Crescent Capital BDC | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 36.32 M

Revenue: As of FY2026 Q2, the actual value is USD 36.32 M, missing the estimate of USD 37.12 M.

EPS: As of FY2026 Q2, the actual value is USD -0.09, missing the estimate of USD 0.362.

EBIT: As of FY2026 Q2, the actual value is USD 1.77 M.

Net Investment Income

Crescent Capital BDC, Inc. reported net investment income of $13.1 million for the three months ended June 30, 2026, which decreased from $15.5 million for the three months ended March 31, 2026, and $16.9 million for the three months ended June 30, 2025.

Net Income (Net Increase (Decrease) in Net Assets Resulting from Operations)

Net income was - $3.3 million for the three months ended June 30, 2026, compared to - $15.5 million for the three months ended March 31, 2026, and $15.0 million for the three months ended June 30, 2025.

Investment Income

Total investment income was $36.3 million for the three months ended June 30, 2026, marking a decrease from $37.9 million for the quarter ended March 31, 2026, and $43.0 million for the quarter ended June 30, 2025. This decline was primarily due to lower dividend income from the Logan JV investment and reduced accelerated amortization and prepayment fee income, partially offset by higher recurring interest income from investments.

Net Realized Gains (Losses)

Net realized gains (losses), net of taxes, were - $17.7 million for the three months ended June 30, 2026, compared to - $11.6 million for the three months ended March 31, 2026, and - $2.9 million for the three months ended June 30, 2025.

Net Change in Unrealized Gains (Losses)

Net change in unrealized gains (losses), net of taxes, was $1.3 million for the three months ended June 30, 2026, compared to - $19.4 million for the three months ended March 31, 2026, and $1.0 million for the three months ended June 30, 2025.

Net Investment Income Per Share

Net investment income per share was $0.36 for the three months ended June 30, 2026, down from $0.42 for the three months ended March 31, 2026, and $0.46 for the three months ended June 30, 2025.

Net Increase (Decrease) in Net Assets Resulting from Operations Per Share

Net increase (decrease) in net assets resulting from operations per share was - $0.09 for the three months ended June 30, 2026, compared to - $0.42 for the three months ended March 31, 2026, and $0.41 for the three months ended June 30, 2025.

Total Net Assets

Total net assets were $656.5 million as of June 30, 2026, compared to $674.0 million as of March 31, 2026, and $724.7 million as of June 30, 2025.

Investments, at Fair Value

Investments, at fair value, totaled $1,570.7 million across 192 portfolio companies as of June 30, 2026. This compares to $1,562.5 million as of March 31, 2026, and $1,600.7 million as of June 30, 2025. As of December 31, 2025, investments at fair value were $1,569.4 million across 184 portfolio companies.

Cash and Cash Equivalents

As of June 30, 2026, Crescent Capital BDC, Inc. held $35.7 million in cash and cash equivalents and restricted cash, and had $199.6 million of undrawn capacity on its credit facilities. This total includes $15,604 thousand in cash and cash equivalents and $20,137 thousand in restricted cash and cash equivalents.

Debt

Debt, net of deferred financing costs, amounted to $922,945 thousand as of June 30, 2026, an increase from $873,761 thousand as of December 31, 2025. The weighted average cost of debt on outstanding debt was 6.13% as of June 30, 2026.

Net Debt-to-Equity Ratio

The net debt-to-equity ratio was 1.37x as of June 30, 2026.

Portfolio Activity

For the quarter ended June 30, 2026, the Company invested $57.0 million across 3 new portfolio companies and several follow-on fundings, while aggregate exits, sales, and repayments totaled $36.1 million. In the same period of 2025, investments were $57.5 million across 3 new portfolio companies, with $92.7 million in aggregate exits, sales, and repayments.

Portfolio Composition

As of June 30, 2026, the portfolio at fair value was primarily composed of unitranche first lien (66.2%) and senior secured first lien (23.8%) investments.

Weighted Average Yield and Floating Rates

The weighted average yield on income producing securities was 9.6% as of June 30, 2026, a decrease from 9.8% as of March 31, 2026, and 10.4% as of June 30, 2025. The percentage of debt investments at floating rates was 98.4% as of June 30, 2026, compared to 99.2% as of March 31, 2026, and 97.2% as of June 30, 2025.

Outlook / Guidance

Crescent Capital BDC, Inc. declared a third quarter 2026 regular cash dividend of $0.34 per share, payable on October 15, 2026, to stockholders of record as of September 30, 2026. Additionally, the second of three previously announced $0.03 per share special dividends will be paid on September 15, 2026, and the third special dividend will be paid on December 15, 2026.