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Mar 31
Prospect Capital Q3 2025 Earnings Report
Announced financial results for fiscal quarter ended March 31, 2025
Key Takeaways
Prospect Capital Corporation reported a net loss applicable to common shareholders of $171.3 million for the quarter ended March 31, 2025, a significant decrease from the net income of $113.9 million in the same period last year. Net investment income also declined to $83.5 million from $94.4 million year-over-year. Total assets decreased to $7.0 billion from $7.9 billion.
Net Investment Income decreased to $83.5 million compared to $94.4 million in the prior year quarter.
Net Loss Applicable to Common Shareholders was $171.3 million, down from a Net Income of $113.9 million in the same quarter last year.
NAV per Common Share was $7.25, a decrease from $8.99 as of March 31, 2024.
Total Assets decreased to $6.996 billion from $7.906 billion in the prior year quarter.
Prospect Capital
Prospect Capital
Prospect Capital Revenue by Segment
Revenue by Segment
Interest Income Revenue
CapyFin.comDividend Income Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
Prospect Capital is focused on optimizing its business through asset rotation, amortization of structured notes, prudent exits of equity-linked assets, enhancing portfolio company performance, and greater utilization of its revolving credit facility. The company has declared monthly distributions of $0.045 per share through August 2025.
Positive Outlook
- Increased focus on core business of first lien senior secured middle market loans.
- Continued amortization of the subordinated structured notes portfolio.
- Prudent exits of equity linked assets, including real estate properties.
- Enhancement of portfolio company operating performance.
- Greater utilization of cost-efficient revolving floating rate credit facility.
Challenges Ahead
- Net loss applicable to common shareholders for the quarter.
- Decrease in Net Investment Income compared to the prior year quarter.
- Decrease in NAV per Common Share.
- Total Assets decreased year-over-year.
- Unrealized losses on investments during the quarter.