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 13.06 2026-09-04
Market cap $1.15B 2026-06-30 share count
52-week range 10.63 - 14.31

Valuation FY2025 figures against the last close

P/S
P/E33.5x
P/FCF5.0x
EV/EBITDA
Dividend yield12.9%
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.) $86.1M$80.4M$72.1M$60.7M$54.0M

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.