--- title: "Oxford Square Capital | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 9.402 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294509909.md" datetime: "2026-07-31T12:03:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294509909.md) - [en](https://longbridge.com/en/news/294509909.md) - [zh-HK](https://longbridge.com/zh-HK/news/294509909.md) --- # Oxford Square Capital | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 9.402 M Revenue: As of FY2026 Q2, the actual value is USD 9.402 M, beating the estimate of USD 8.322 M. EPS: As of FY2026 Q2, the actual value is USD 0.04. EBIT: As of FY2026 Q2, the actual value is USD 6.787 M. ### Financial Overview (Quarter Ended June 30, 2026) #### Net Asset Value (NAV) Oxford Square Capital Corp.’s net asset value per share was $1.29 as of June 30, 2026, a decrease from $1.32 as of March 31, 2026. #### Net Investment Income (NII) Net investment income was approximately $5.1 million, or $0.05 per share, for the quarter ended June 30, 2026, an increase from approximately $4.1 million, or $0.05 per share, for the quarter ended March 31, 2026. For the six months ended June 30, 2026, Net Investment Income was $9,287,856, compared to $11,603,439 for the six months ended June 30, 2025. #### Total Investment Income Total investment income for the quarter ended June 30, 2026, amounted to approximately $9.4 million, up from approximately $8.9 million for the quarter ended March 31, 2026. Investment income sources for the quarter ended June 30, 2026, included $5.4 million from debt investments, $3.5 million from CLO equity investments, and $0.5 million from other income. Total investment income from non-affiliated/non-control investments was $9,402,093 for the three months ended June 30, 2026, compared to $9,522,181 for the three months ended June 30, 2025. For the six months ended June 30, 2026, total investment income was $18,344,771, compared to $19,683,231 for the six months ended June 30, 2025. #### Expenses Total expenses were approximately $4.3 million for the quarter ended June 30, 2026, a decrease from approximately $4.8 million for the quarter ended March 31, 2026. Total expenses were $4,264,028 for the three months ended June 30, 2026, compared to $4,022,616 for the same period in 2025. For the six months ended June 30, 2026, total expenses were $9,056,915, compared to $8,079,792 for the same period in 2025. Interest expense for the three months ended June 30, 2026, was $2,793,880, up from $1,929,045 for the same period in 2025. Base Fee was $961,643 for the three months ended June 30, 2026, compared to $1,036,312 for the same period in 2025. Excise tax was - $523,888 for the three months ended June 30, 2026, compared to $24,585 for the same period in 2025. #### Net Assets Resulting from Operations Net increase in net assets resulting from operations was approximately $4.0 million for the quarter ended June 30, 2026. This consisted of NII of approximately $5.1 million, net realized losses of approximately - $5.2 million, and net unrealized appreciation of approximately $4.1 million. Net increase in net assets resulting from operations was $3,993,550 for the three months ended June 30, 2026, compared to $4,385,357 for the same period in 2025. For the six months ended June 30, 2026, net decrease in net assets resulting from operations was - $21,531,271, compared to - $3,736,160 for the same period in 2025. #### Investment Activity During the second quarter of 2026, investment activity included purchases of approximately $19.9 million and repayments of approximately $0.5 million, with no sales made. #### Portfolio Metrics The weighted average yield of debt investments was 14.9% at current cost as of June 30, 2026, up from 14.7% as of March 31, 2026. The weighted average effective yield of CLO equity investments at current cost was 8.1% as of June 30, 2026, up from 7.3% as of March 31, 2026. The weighted average cash distribution yield of cash income producing senior secured note investments at current cost was 8.0% as of June 30, 2026, unchanged from March 31, 2026. The weighted average cash distribution yield of cash income producing CLO equity investments at current cost was 12.4% as of June 30, 2026, down from 13.6% as of March 31, 2026. The weighted average credit rating was 2.1 based on total fair value and 2.2 based on total principal amount as of June 30, 2026, an improvement from 2.2 and 2.4 respectively as of March 31, 2026. Preferred equity investments in one portfolio company, with an aggregate fair value of approximately $6.9 million, were on non-accrual status as of June 30, 2026. #### Capital and Shares Outstanding Approximately 11.3 million shares of common stock were issued during the second quarter of 2026 through an “at-the-market” offering, resulting in net proceeds of approximately $17.8 million. Approximately 105.1 million shares of common stock were outstanding as of June 30, 2026. Shares outstanding at the end of the period were 105,058,242 for the three and six months ended June 30, 2026, compared to 76,236,738 for the same periods in 2025. #### Balance Sheet (As of June 30, 2026) Total assets were $290,605,053, down from $306,739,111 as of December 31, 2025. Total liabilities were $155,577,108, down from $161,334,309 as of December 31, 2025. Total net assets were $135,027,945, down from $145,404,802 as of December 31, 2025. #### Other Financial Highlights Net realized losses were - $5,216,274 for the three months ended June 30, 2026, compared to - $2,321,562 for the same period in 2025. Net change in unrealized appreciation on investments was $4,071,759 for the three months ended June 30, 2026, compared to $1,253,135 for the same period in 2025. Distributions per share were $0.105 for the three months ended June 30, 2026, and $0.210 for the six months ended June 30, 2026. Total return based on Market Value was -19.75% for the three months ended June 30, 2026, and -14.23% for the six months ended June 30, 2026. Total return based on Net Asset Value was 5.68% for the three months ended June 30, 2026, and -11.24% for the six months ended June 30, 2026. The ratio of expenses to average net assets was 14.39% for the three months ended June 30, 2026. The portfolio turnover rate was 0.19% for the three months ended June 30, 2026. #### Outlook / Guidance Oxford Square Capital Corp.’s Board of Directors declared distributions of $0.035 per share for each of the months ending October 31, November 30, and December 31, 2026. ### Related Stocks - [OXSQ.US](https://longbridge.com/en/quote/OXSQ.US.md) ## Related News & Research - [Oxford Square Q2 FY26 net investment income falls to $5.1 million; net investment income per share drops to $0.05](https://longbridge.com/en/news/295447477.md) - [Oxford Square Capital (NASDAQ:OXSQ) Issues Quarterly Earnings Results](https://longbridge.com/en/news/284610928.md) - [Oxford Square Q2 2026 Earnings: Realized Losses and Distributions Pressure NAV](https://longbridge.com/en/news/294512722.md) - [Oxford Square Capital Amends ATM Equity Distribution Agreement](https://longbridge.com/en/news/285359148.md) - [Oxford Square Capital (NASDAQ:OXSQ) Posts Earnings Results, Misses Estimates By $0.24 EPS](https://longbridge.com/en/news/277633857.md)