NASDAQ : OCSL
Oaktree Specialty Lending Corporation — Financial statements
Financials · Asset Management · United States
Last price 12.14 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.07B
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Financial statements
Oaktree Specialty Lending Corporation (OCSL) reported revenue of 292.23M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 7.37M | 5.83M | 9.21M | 6.55M | 6.63M | 14.10M |
| Other Revenue | 284.86M | 310.97M | 372.45M | 372.74M | 255.89M | 195.29M |
| Revenue | 292.23M | 316.80M | 381.67M | 379.29M | 262.52M | 209.38M |
| Gross Profit | 292.23M | 316.80M | 381.67M | 379.29M | 262.52M | 209.38M |
| Selling, General & Admin | 49.80M | 47.45M | 77.99M | 86.87M | 63.66M | 78.97M |
| Other Operating Expenses | 588.00K | 861.00K | 78.00K | 3.31M | 2.79M | |
| Operating Expenses | 50.39M | 48.32M | 77.99M | 86.95M | 66.97M | 81.76M |
| Operating Income | 241.84M | 268.49M | 303.67M | 292.34M | 195.55M | 127.62M |
| Interest Expense | -102.45M | -115.84M | -128.62M | -111.64M | -46.93M | -30.52M |
| Currency Exchange Gain (Loss) | 12.27M | -6.66M | -7.61M | -5.71M | 18.60M | 1.01M |
| EBT Excluding Unusual Items | 151.65M | 145.98M | 167.44M | 174.99M | 167.22M | 98.12M |
| Gain (Loss) on Sale of Investments | -108.84M | -111.66M | -109.65M | -56.00M | -137.67M | 139.92M |
| Pretax Income | 42.81M | 34.31M | 57.80M | 118.99M | 29.55M | 238.04M |
| Income Tax Expense | 574.00K | 394.00K | -108.00K | 1.66M | 329.00K | 785.00K |
| Net Income | 42.24M | 33.92M | 57.91M | 117.33M | 29.22M | 237.26M |
| Net Income to Common | 42.24M | 33.92M | 57.91M | 117.33M | 29.22M | 237.26M |
| Shares Outstanding (Basic) | 88.09M | 86.08M | 80.42M | 72.12M | 60.73M | 54.04M |
| Shares Outstanding (Diluted) | 88.09M | 86.08M | 80.42M | 72.12M | 60.73M | 54.04M |
| EPS (Basic) | 0.48 | 0.39 | 0.72 | 1.63 | 0.48 | 4.39 |
| EPS (Diluted) | 0.48 | 0.39 | 0.72 | 1.63 | 0.48 | 4.39 |
| Dividend Per Share | 1.50 | 1.75 | 2.20 | 2.19 | 1.95 | 1.51 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 82.76% | 84.75% | 79.57% | 77.08% | 74.49% | 60.95% |
| Profit Margin | 14.45% | 10.71% | 15.17% | 30.94% | 11.13% | 113.31% |
| EBIT | 241.84M | 268.49M | 303.67M | 292.34M | 195.55M | 127.62M |
| EBIT Margin | 82.76% | 84.75% | 79.57% | 77.08% | 74.49% | 60.95% |
| Effective Tax Rate | 1.34% | 1.15% | 1.39% | 1.11% | 0.33% | |
| Revenue as Reported | 292.23M | 316.80M | 381.67M | 379.29M | 262.52M | 209.38M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 39.92M | 79.63M | 63.97M | 136.45M | 23.53M | 29.33M |
| Cash & Short-Term Investments | 39.92M | 79.63M | 63.97M | 136.45M | 23.53M | 29.33M |
| Accounts Receivable | 22.96M | 31.87M | 38.80M | 44.57M | 35.60M | 22.12M |
| Other Receivables | 38.61M | 23.68M | 47.14M | 116.02M | 72.72M | 11.78M |
| Receivables | 61.58M | 55.55M | 85.94M | 160.59M | 108.31M | 33.91M |
| Restricted Cash | 14.58M | 9.09M | 2.84M | 2.30M | ||
| Other Current Assets | 5.82M | 8.71M | 4.91M | 6.79M | 1.91M | |
| Total Current Assets | 107.31M | 143.90M | 164.49M | 311.04M | 141.47M | 67.45M |
| Long-Term Investments | 2.74B | 2.85B | 3.02B | 2.89B | 2.49B | 2.56B |
| Long-Term Deferred Tax Assets | 1.69M | 714.00K | ||||
| Long-Term Deferred Charges | 8.07M | 9.82M | 11.80M | 12.70M | 7.38M | 9.31M |
| Other Long-Term Assets | 997.00K | 1.50M | 775.00K | 1.68M | 1.67M | 2.28M |
| Total Assets | 2.86B | 3.00B | 3.20B | 3.22B | 2.65B | 2.64B |
| Accounts Payable | 2.63M | 1.54M | 3.49M | 2.95M | 3.70M | 3.02M |
| Accrued Expenses | 21.96M | 26.15M | 35.84M | 39.86M | 27.06M | 41.60M |
| Current Portion of Long-Term Debt | 5.92M | |||||
| Other Current Liabilities | 4.94M | 15.01M | 15.67M | 11.01M | 26.98M | 8.09M |
| Total Current Liabilities | 35.45M | 42.70M | 54.99M | 53.82M | 57.74M | 52.71M |
| Long-Term Debt | 1.44B | 1.49B | 1.66B | 1.65B | 1.34B | 1.27B |
| Long-Term Deferred Tax Liabilities | 64.00K | 269.00K | 5.00K | |||
| Total Liabilities | 1.48B | 1.54B | 1.71B | 1.70B | 1.40B | 1.32B |
| Common Stock | 881.00K | 881.00K | 822.00K | 772.00K | 611.00K | 1.80M |
| Additional Paid-In Capital | 2.35B | 2.35B | 2.26B | 2.17B | 1.83B | 1.80B |
| Retained Earnings | -967.90M | -885.14M | -777.46M | -651.34M | -582.77M | -493.33M |
| Shareholders' Equity | 1.38B | 1.47B | 1.49B | 1.52B | 1.25B | 1.31B |
| Total Liabilities & Equity | 2.86B | 3.00B | 3.20B | 3.22B | 2.65B | 2.64B |
| Total Debt | 1.45B | 1.49B | 1.66B | 1.65B | 1.34B | 1.27B |
| Net Cash (Debt) | -1.41B | -1.41B | -1.59B | -1.51B | -1.32B | -1.24B |
| Net Cash Per Share | -15.96 | -16.43 | -19.79 | -20.96 | -21.73 | -22.97 |
| Filing Date Shares Outstanding | 88.09M | 88.09M | 82.25M | 77.23M | 61.12M | 60.12M |
| Total Common Shares Outstanding | 88.09M | 88.09M | 82.25M | 77.23M | 61.12M | 60.12M |
| Working Capital | 71.86M | 101.20M | 109.49M | 257.22M | 83.73M | 14.74M |
| Book Value Per Share | 15.70 | 16.64 | 18.09 | 19.63 | 20.38 | 21.84 |
| Tangible Book Value | 1.38B | 1.47B | 1.49B | 1.52B | 1.25B | 1.31B |
| Tangible Book Value Per Share | 15.70 | 16.64 | 18.09 | 19.63 | 20.38 | 21.84 |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 42.24M | 33.92M | 57.91M | 117.33M | 29.22M | 237.26M |
| Other Amortization | 5.16M | 9.80M | 6.34M | 5.38M | 4.42M | 4.72M |
| Loss (Gain) From Sale of Investments | 94.55M | 93.67M | 91.66M | 33.69M | 108.58M | -169.31M |
| Other Operating Activities | -37.05M | 73.48M | -208.43M | 179.76M | -48.42M | -324.39M |
| Change in Accounts Receivable | 996.00K | 7.05M | 1.64M | 578.00K | -16.11M | -8.49M |
| Change in Accounts Payable | 1.78M | -1.95M | -458.00K | -53.12M | 677.00K | -426.00K |
| Change in Other Net Operating Assets | -1.54M | 12.39M | 70.42M | -54.86M | -55.97M | 30.12M |
| Operating Cash Flow | 106.13M | 228.37M | 19.08M | 228.76M | 22.39M | -230.52M |
| Long-Term Debt Issued | 799.98M | 255.00M | 868.51M | 300.00M | 854.02M | |
| Long-Term Debt Repaid | -965.00M | -255.00M | -787.00M | -230.00M | -538.92M | |
| Net Debt Issued (Repaid) | -9.00M | -165.02M | 81.51M | 70.00M | 315.10M | |
| Issuance of Common Stock | 102.96M | 92.75M | 1.37M | 20.84M | ||
| Repurchase of Common Stock | -4.53M | -10.67M | -1.55M | -2.42M | -1.86M | -2.17M |
| Common Dividends Paid | -131.12M | -148.20M | -176.81M | -180.05M | -115.25M | -79.85M |
| Other Financing Activities | -43.00K | -8.42M | -1.16M | -10.83M | -549.00K | -8.89M |
| Financing Cash Flow | -144.69M | -229.35M | -86.77M | -110.41M | -26.82M | 224.19M |
| Foreign Exchange Rate Adjustments | -1.31M | 2.06M | 701.00K | 827.00K | -851.00K | -1.13M |
| Net Cash Flow | -39.88M | 1.09M | -67.00M | 119.17M | -5.27M | -7.46M |
| Levered Free Cash Flow | 89.35M | 129.16M | 190.99M | 57.75M | 22.51M | 82.50M |
| Unlevered Free Cash Flow | 148.22M | 191.76M | 265.04M | 122.15M | 47.42M | 96.85M |
| Cash Interest Paid | 98.96M | 110.21M | 122.06M | 98.19M | 39.17M | 24.01M |
| Change in Working Capital | 1.24M | 17.49M | 71.60M | -107.40M | -71.41M | 21.20M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.07B | 1.15B | 1.34B | 1.55B | 1.10B | 1.27B |
| Enterprise Value | 2.47B | 2.53B | 2.98B | 3.27B | 2.45B | 2.29B |
| Last Close Price | 12.14 | 11.56 | 12.76 | 13.94 | 10.94 | 11.71 |
| PE Ratio | 25.32 | 33.89 | 23.17 | 13.22 | 37.65 | 5.37 |
| Forward PE | 8.95 | 8.44 | 7.30 | 8.07 | 7.97 | 11.58 |
| PS Ratio | 3.66 | 3.63 | 3.52 | 4.09 | 4.19 | 6.08 |
| PB Ratio | 0.77 | 0.78 | 0.90 | 1.02 | 0.88 | 0.97 |
| P/TBV Ratio | 0.77 | 0.78 | 0.90 | 1.02 | 0.88 | 0.97 |
| P/OCF Ratio | 10.08 | 5.03 | 70.32 | 6.78 | 49.13 | |
| PEG Ratio | 0.90 | 0.90 | 0.90 | 0.90 | 0.96 | |
| EV/Sales Ratio | 8.47 | 8.00 | 7.80 | 8.62 | 9.35 | 10.95 |
| EV/EBIT Ratio | 10.23 | 9.44 | 9.80 | 11.19 | 12.55 | 17.97 |
| Debt / Equity Ratio | 1.04 | 1.02 | 1.11 | 1.09 | 1.08 | 0.97 |
| Net Debt / Equity Ratio | 1.02 | 0.96 | 1.07 | 1.00 | 1.06 | 0.95 |
| Asset Turnover | 0.10 | 0.10 | 0.12 | 0.13 | 0.10 | 0.10 |
| Quick Ratio | 2.86 | 3.17 | 2.73 | 5.52 | 2.28 | 1.20 |
| Current Ratio | 3.03 | 3.37 | 2.99 | 5.78 | 2.45 | 1.28 |
| Return on Equity (ROE) | 2.95% | 2.30% | 3.86% | 8.50% | 2.28% | 21.30% |
| Return on Assets (ROA) | 5.19% | 5.41% | 5.92% | 6.23% | 4.63% | 3.73% |
| Return on Invested Capital (ROIC) | 8.51% | 8.91% | 9.95% | 10.31% | 7.56% | 6.15% |
| Return on Capital Employed (ROCE) | 8.60% | 9.10% | 9.70% | 9.20% | 7.60% | 4.90% |
| Earnings Yield | 3.95% | 2.95% | 4.32% | 7.57% | 2.66% | 18.63% |
| Dividend Yield | 10.21% | 13.41% | 13.49% | 10.90% | 10.83% | 7.15% |
| Payout Ratio | 306.59% | 436.91% | 305.35% | 153.45% | 394.37% | 33.66% |
| Buyback Yield / Dilution | -4.11% | -7.04% | -11.51% | -18.76% | -12.38% | -15.01% |
| Total Shareholder Return | 6.11% | 6.37% | 1.98% | -7.85% | -1.54% | -7.85% |