OFS Capital Corp OFS
We are an externally managed, closed-end, non-diversified management investment company and have elected to be treated as a BDC under the 1940 Act, which imposes certain investment restrictions on our portfolio. Our investment objective is to provide our stockholders with both current income and capital appreciation primarily through debt investments and, to a lesser extent, equity investments. Our investment strategy is to maintain a credit investment portfolio focused primarily on middle-market companies in the United States. We use the term "middle-market" to refer to companies that may exhibit one or more of the following characteristics: number of employees between 150 and 2,000; revenues between $15 million and $300 million; annual EBITDA between $5 million and $50 million; generally, private companies owned by private equity firms or owners/operators; and enterprise value between $10 million and $500 million. For additional information about how we define the middle-market, see "—Investment Criteria/Guidelines."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Interest expense | $16.5M | $16.6M | $19.5M | $17.0M | $17.5M | $18.8M | — | — |
| Net income | -$33.1M | $28.4M | -$465.0K | -$7.6M | $56.9M | $3.7M | — | — |
| EPS, basic | -2.47 | 2.12 | -0.04 | 1.37 | 1.00 | 0.92 | — | — |
| EPS, diluted | -2.47 | 2.12 | -0.04 | 1.37 | 1.00 | — | — | — |
| Shares, diluted (wtd. avg.) | $13.4M | $13.4M | $13.4M | $13.4M | $13.4M | $13.4M | $13.4M | $13.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.4M | $6.1M | $45.3M | $14.9M | $43.0M | $37.7M | $13.4M | — |
| Other intangibles | — | — | $69.0K | $477.0K | $886.0K | — | — | — |
| Total assets | $346.7M | $428.1M | $469.8M | $520.7M | $569.0M | — | — | — |
| Total liabilities | $223.5M | $255.9M | $307.8M | $340.3M | $365.3M | — | — | — |
| Retained earnings | -$51.1M | -$12.8M | -$23.0M | -$4.6M | $18.5M | — | — | — |
| Total equity | $123.2M | $172.2M | $162.0M | $180.4M | $203.7M | $159.0M | $166.6M | $175.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $43.6M | $33.0M | $81.6M | $2.9M | -$12.0M | $80.6M | — | — |
| Financing cash flow | -$46.3M | -$72.3M | -$51.2M | -$31.1M | $17.3M | -$56.4M | — | — |
| Dividends paid | $15.9M | $18.2M | $18.0M | $15.4M | $2.9M | $2.7M | $4.5M | — |
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 0001487918-26-000021.