Oxford Square Capital Corp. OXSQ
Oxford Square Capital Corp. ("OXSQ," "Company," "we," "us," or "our") is a closed-end, non-diversified 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"). We have elected to be treated for U.S. federal income tax purposes as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code") beginning with our 2003 taxable year. Our investment objective is to maximize our portfolio's total return. Our primary current focus is to seek an attractive risk-adjusted total return by investing primarily in corporate debt securities and, to a lesser extent collateralized loan obligation ("CLO") structured finance investments that own corporate debt securities. CLO investments may also include warehouse facilities, which are early-stage CLO vehicles intended to aggregate loans that may be used to form the basis of a traditional CLO vehicle. We may also invest in publicly traded debt and/or equity securities. As a BDC, we may not acquire any asset other than "qualifying assets" unless, at the time we make the acquisition, the value of our qualifying assets represents at least 70% of the value of our total assets.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| SG&A | $615.7K | $597.9K | $638.4K | $583.7K | $521.5K | $591.5K | — |
| Total operating expenses | $17.7M | $16.2M | $24.5M | $22.4M | $21.1M | $16.2M | — |
| Interest expense | $9.2M | $7.8M | $10.8M | $25.2M | $10.5M | $7.9M | — |
| Net income | -$18.7M | $5.9M | $17.2M | -$85.6M | $39.6M | — | — |
| EPS, basic | 0.30 | 0.42 | 0.51 | 0.42 | 0.32 | — | — |
| EPS, diluted | 0.30 | 0.42 | 0.51 | 0.42 | 0.32 | — | — |
| Shares, diluted (wtd. avg.) | $76.4M | $63.5M | $53.9M | $49.8M | $49.6M | $49.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $51.9M | $34.9M | $5.7M | $9.0M | $9.0M | $59.1M | $16.5M |
| Total assets | $306.7M | $299.7M | $277.7M | $328.0M | $433.5M | — | — |
| Short-term debt | — | — | $1.5M | — | — | — | — |
| Long-term debt | — | — | $127.5M | — | — | — | — |
| Total liabilities | $161.3M | $139.1M | $126.4M | $189.3M | $188.9M | — | — |
| Retained earnings | -$378.5M | -$328.0M | -$307.4M | -$296.6M | — | — | — |
| Total equity | $145.4M | $160.7M | $151.3M | $138.7M | $244.6M | $225.4M | $248.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$13.7M | $25.7M | $65.5M | $20.4M | -$107.4M | $95.1M | — |
| Financing cash flow | $30.7M | $3.5M | -$68.8M | -$20.4M | $57.3M | -$52.4M | — |
| Dividends paid | $31.3M | $25.8M | $28.6M | $20.4M | $20.4M | $30.1M | — |
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 0001213900-26-024280.