Oaktree Specialty Lending Corp OCSL

Nasdaq

Oaktree Specialty Lending Corporation, a Delaware corporation, or together with its subsidiaries, where applicable, the Company, which may also be referred to as "we," "us" or "our", is a specialty finance company dedicated to providing customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. We were formed in late 2007 and currently operate as a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a Business Development Company under the Investment Company Act of 1940, as amended, or the Investment Company Act. In addition, we have qualified and elected to be treated as a regulated investment company, or RIC, under the Internal Revenue Code of 1986, as amended, or the Code, for tax purposes. As a RIC, we generally will not have to pay corporate-level U.S. federal income taxes on any net ordinary income or net realized capital gains that we distribute to our stockholders if we meet certain source-of-income, income distribution and asset diversification requirements.

Last close 11.66 2026-10-27
Market cap $1.03B 2026-06-30 share count
52-week range 10.63 - 14.04

Valuation FY2025 figures against the last close

P/S—
P/E29.9x
P/FCF4.5x
EV/EBITDA—
Dividend yield14.4%
Diluted EPS0.39

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
SG&A $3.6M$2.6M$3.5M$3.0M$2.7M—
Interest expense $115.8M$128.6M$111.6M$46.9M$30.5M—
Pre-tax income $34.0M——$30.5M$238.0M—
Income tax $100.0K——$1.3M$700.0K—
Net income $33.9M$57.9M$117.3M$29.2M$237.3M—
EPS, basic 0.390.721.630.484.39—
EPS, diluted 0.390.721.630.484.39—
Shares, diluted (wtd. avg.) 86.1M80.4M72.1M60.7M54.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $79.6M$64.0M$136.4M$26.4M$31.6M$39.1M
Total assets $3.00B$3.20B$3.22B$2.65B——
Long-term debt $1.49B$1.64B$1.60B$1.30B——
Total liabilities $1.54B$1.71B$1.70B$1.40B——
Retained earnings -$885.1M-$777.5M-$651.3M-$582.8M——
Total equity $1.47B$1.49B$1.52B$1.25B$1.31B$914.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow $228.4M$19.1M$228.8M$22.4M-$230.5M—
Financing cash flow -$229.3M-$86.8M-$110.4M-$26.8M$224.2M—
Dividends paid $148.2M$176.8M$180.0M$115.2M$79.8M—
Buybacks $10.7M$1.6M$2.4M$1.9M$2.2M—

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 0001414932-25-000022.

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. 0 100M 200M 300M Net income, FY2021: 237.3M Net income, FY2022: 29.2M Net income, FY2023: 117.3M Net income, FY2024: 57.9M Net income, FY2025: 33.9M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — —
Gross profit — — — — — —
Net income — $237.3M $29.2M $117.3M $57.9M $33.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • 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
  • 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
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • 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
  • Results announced Item 2.02
  • Material agreement signed Item 1.01

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.