Stellus Capital Investment Corp SCM

NYSE

Except as otherwise indicated, the terms "we," "us," "our," and the "Company" refer to Stellus Capital Investment Corporation; and "Stellus Capital Management," the "Advisor" or the "Administrator" refer to our investment adviser and administrator, Stellus Capital Management, LLC.

We are an externally managed, 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 were organized as a Maryland corporation on May 8, 2012, and formally commenced operations on November 7, 2012. We originate and invest primarily in private U.S. lower middle-market companies (typically those with $5 million to $50 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien (including unitranche), second lien, and unsecured debt financing, often with corresponding equity co-investments. Unitranche structures may combine characteristics of first lien senior secured as well as second lien and/or subordinated loans, and our unitranche loans will expose us to the risks associated with second lien and subordinated loans to the extent we invest in the "last-out" tranche. Unsecured debt includes senior unsecured and subordinated loans.

Last close 6.72 2026-10-27
Market cap $191.4M 2026-06-30 share count
52-week range 6.54 - 13.55

Valuation FY2025 figures against the last close

P/S2.0x
P/E7.1x
P/FCF—
EV/EBITDA—
Dividend yield23.7%
Diluted EPS0.95

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $97.8M$99.9M$102.0M$73.0M$61.5M—————
SG&A $2.1M$1.9M$1.9M$1.8M$1.8M$1.8M————
Total operating expenses $68.6M$64.6M$63.9M$46.5M$43.9M$34.7M————
Interest expense ——$32.0M$24.5M$18.7M$16.0M————
Pre-tax income $28.6M$47.7M$18.9M$15.7M$34.7M$21.0M————
Income tax $1.6M$1.8M$1.3M$1.2M$1.1M$771.1K————
Net income $27.0M$45.8M$17.5M$14.5M$33.6M$20.2M————
EPS, basic 0.951.790.800.741.721.04————
EPS, diluted 0.951.790.800.741.721.04————
Shares, diluted (wtd. avg.) 28.4M25.6M22.0M19.6M19.5M19.5M19.5M18.3M16.0M14.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $25.1M$20.1M$26.1M$48.0M$44.2M—————
Total assets $1.04B$980.9M$908.1M$898.2M$821.3M—————
Total liabilities $670.1M$611.0M$588.1M$622.4M$536.2M—————
Retained earnings -$26.7M-$9.7M-$16.0M$642.2K$10.5M—————
Total equity $371.2M$369.9M$319.9M$275.8M$285.1M$273.4M$270.6M———

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$24.4M-$28.6M-$17.3M-$56.3M-$76.1M-$3.5M————
Financing cash flow $29.4M$22.6M-$4.7M$60.2M$101.8M$5.8M————
Dividends paid $45.3M$37.6M$35.5M$26.6M$21.0M$24.3M————

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 0001104659-26-026432.

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 50M 100M 150M Net income, FY2020: 20.2M Revenue, FY2021: 61.5M Net income, FY2021: 33.6M Revenue, FY2022: 73M Net income, FY2022: 14.5M Revenue, FY2023: 102M Net income, FY2023: 17.5M Revenue, FY2024: 99.9M Net income, FY2024: 45.8M Revenue, FY2025: 97.8M Net income, FY2025: 27M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — $61.5M $73.0M $102.0M $99.9M $97.8M
Gross profit — — — — — — — — — —
Net income — — — — $20.2M $33.6M $14.5M $17.5M $45.8M $27.0M

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
  • 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
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Material agreement signed Item 1.01
  • Other event Item 8.01

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.