Investcorp Credit Management BDC, Inc. ICMB

Nasdaq

Except as otherwise indicated, the terms "we," "us," "our," "Investcorp Credit" and the "Company" refer to Investcorp Credit Management BDC, Inc. (formerly known as CM Finance Inc through August 30, 2019) and "CM Investment Partners" and the "Adviser" refer to our investment adviser and administrator, CM Investment Partners LLC.

We were formed in February 2012 and commenced operations in March 2012 as CM Finance LLC, a Maryland limited liability company. Immediately prior to the pricing of our initial public offering, CM Finance LLC was merged with and into CM Finance Inc, a Maryland corporation (the "Merger"). On August 30, 2019, we changed our name to Investcorp Credit Management BDC, Inc. We are an externally managed, non-diversified closed-end management investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"), and that has elected to be treated as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code, as amended (the "Code") for U.S. federal income tax purposes.

Last close 0.75 2026-10-27
Market cap $10.8M 2026-06-30 share count
52-week range 0.62 - 3.12

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF0.9x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.61

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Total operating expenses $15.4M$17.4M$17.3M$15.7M$18.0M——
Interest expense $14.6M$20.3M$23.8M$22.7M$7.4M——
Pre-tax income —-$3.8M$3.5M$2.9M-$2.0M——
Income tax —$267.1K$294.3K$270.6K$269.0K——
Net income -$8.8M-$4.1M$3.2M$2.6M-$2.3M——
EPS, basic -0.61-0.280.220.18-0.17——
EPS, diluted -0.61-0.280.220.18-0.17——
Shares, diluted (wtd. avg.) 14.4M14.4M14.4M14.3M13.9M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $4.6M$158.8K$1.1M$9.2M$12.6M$20.3M—
Total assets $188.8M$192.2M$231.8M$246.4M———
Long-term debt $123.9M$108.0M$136.9M$149.0M$167.0M$183.4M$167.5M
Total liabilities $127.5M$117.2M$144.1M$152.9M———
Retained earnings -$141.8M-$128.1M-$115.6M-$110.1M-$104.3M——
Total equity $61.3M$75.0M$87.7M$93.5M———

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $11.7M$37.1M$20.7M$21.2M$20.2M——
Financing cash flow -$8.8M-$41.1M-$20.7M-$24.7M-$27.9M——
Buybacks $39.2K$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-132860.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10M -5M 0 5M Net income, FY2021: -2.3M Net income, FY2022: 2.6M Net income, FY2023: 3.2M Net income, FY2024: -4.1M Net income, FY2025: -8.8M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — —
Gross profit — — — — — — —
Net income — — -$2.3M $2.6M $3.2M -$4.1M -$8.8M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.