PROSPECT CAPITAL CORP PSEC
Prospect is a financial services company that primarily lends to and invests in middle market privately-held companies. We are a closed-end investment company incorporated in Maryland. We have elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). As a BDC, we have elected to be treated as a regulated investment company ("RIC"), under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). We were organized on April 13, 2004, and were funded in an initial public offering completed on July 27, 2004. We are one of the longest-running and largest BDCs with approximately $6.4 billion of total assets as of June 30, 2026.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Interest expense | — | — | $160.2M | $148.2M | $117.4M | $130.6M | — | — |
| Net income | $153.7M | -$469.9M | $262.8M | -$88.0M | $735.3M | $428.1M | -$78.9M | — |
| EPS, basic | 0.06 | -1.35 | 0.36 | -0.43 | 1.43 | 2.51 | — | — |
| EPS, diluted | 0.06 | -1.35 | 0.34 | -0.43 | 1.34 | 2.50 | — | — |
| Shares, diluted (wtd. avg.) | $479.9M | $440.3M | $625.3M | $398.5M | $390.6M | $382.7M | $368.1M | $366.0M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $43.6M | $50.8M | $85.9M | $95.6M | $35.4M | $63.6M | $44.6M | — |
| Total assets | $6.45B | $6.80B | $7.86B | $7.86B | $7.66B | — | — | — |
| Long-term debt | $1.86B | $2.09B | $2.43B | $2.58B | $2.74B | — | — | — |
| Total liabilities | $1.95B | $2.19B | $2.56B | $2.71B | $2.85B | — | — | — |
| Retained earnings | -$1.39B | -$1.19B | -$436.3M | -$352.9M | $68.4M | — | — | — |
| Total equity | $2.93B | $2.99B | $3.71B | $3.73B | $4.12B | $3.95B | $3.06B | $3.31B |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $516.3M | $523.2M | $280.0M | -$220.8M | -$795.3M | $31.0M | — | — |
| Financing cash flow | -$523.6M | -$558.3M | -$289.8M | $281.1M | $767.1M | -$12.0M | — | — |
| Dividends paid | $249.7M | $264.1M | $360.3M | $299.1M | $270.3M | $195.6M | — | — |
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 0001287032-26-000269.