Prospect Capital | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 157.62 M

Revenue: As of FY2026 Q1, the actual value is USD 157.62 M, missing the estimate of USD 169.53 M.

EPS: As of FY2026 Q1, the actual value is USD 0.08, missing the estimate of USD 0.11.

EBIT: As of FY2026 Q1, the actual value is USD -39.36 M.

Financial Metrics by Segment

Net Investment Income

• Net Investment Income (NII) for the quarter ended September 30, 2025, was $79,350,000, compared to $89,877,000 for the same period in 2024.
• NII per common share was $0.17, down from $0.21 in the previous year.

Net Income

• Net income applicable to common shareholders was $48,087,000, compared to a net loss of - $165,069,000 in the same quarter of 2024.
• Net income per common share was $0.10, compared to a loss of - $0.38 per share in the previous year.

Distributions

• Distributions to common shareholders totaled $62,393,000, with a distribution per common share of $0.135, down from $0.18 in the previous year.

Total Assets and Liabilities

• Total assets as of September 30, 2025, were $6,641,870,000, compared to $7,592,705,000 in the previous year.
• Total liabilities were $2,012,561,000, down from $2,469,590,000 in the previous year.

Net Asset Value

• Net Asset Value (NAV) to common shareholders was $3,004,790,000, with NAV per common share at $6.45, down from $8.10 in the previous year.

Cash Flow

• Balance sheet cash plus undrawn revolving credit facility commitments was $1,524,462,000, compared to $1,631,291,000 in the previous year.

Investment Portfolio

• Total investments at fair value were $6,513,456,000, down from $7,476,641,000 in the previous year.
• The number of portfolio companies decreased to 92 from 117 in the previous year.

Outlook / Guidance

• Prospect Capital Corporation is focusing on optimizing its business by increasing its core business of first lien senior secured middle market loans and reducing its second lien senior secured middle market loans.
• The company is also exiting its subordinated structured notes portfolio and certain equity-linked assets, including real estate properties, to enhance portfolio company operating performance and utilize its cost-efficient revolving floating rate credit facility.
• Prospect Capital Corporation continues to focus on first lien senior secured loans, with such investments totaling $74.2 million of the $91.6 million of originations during the September 2025 quarter.