NASDAQ$CCAP
Crescent Capital BDC Inc · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Crescent Capital BDC reported lower investment income and net income compared to the prior year quarter.
Crescent Capital BDC posted net income of $7.1 million and net investment income of $16.9 million for Q3 2025, reflecting a decline in investment income year-over-year. The company continued its focus on first lien investments and maintained strong floating rate exposure.
- Net income for Q3 2025 was $7.1 million, a decline from $15.3 million in Q3 2024.
- Net investment income per share was $0.46, down from $0.64 in the same quarter last year.
- Investment income totaled $41.4 million, significantly lower than $51.6 million in Q3 2024.
- The portfolio remains heavily weighted in unitranche and senior secured first lien loans, making up nearly 88% of the portfolio.
Headline financials
Revenue & EPS history
Crescent Capital BDC · Revenue · Quarterly
$41.4M
Revenue by segment
Crescent Capital BDC · $1.56B total across 7 segments · Q3 2023
- Unitranche First Lien$939M—60.0%
- Senior Secured First Lien$445M—28.4%
- Senior Secured Second Lien$57.6M—3.7%
- LLC/LP Equity Interests$54.2M—3.5%
- Equity & Other$49M—3.1%
- Unitranche First Lien Last Out$13.8M—0.9%
- Unsecured Debt$6.3M—0.4%
Forward guidance
Management emphasized continued focus on high-quality, senior-secured debt while acknowledging macroeconomic uncertainty and the impact of lower benchmark rates on earnings.
Tailwinds
- High floating rate exposure (97.4%) continues to benefit interest income.
- Strong investment activity with $73.9 million deployed during the quarter.
- Unitranche and senior secured first lien make up over 88% of portfolio value.
- Dividend maintained at $0.42 per share, indicating stability.
- Robust liquidity with $239.8 million of undrawn credit facility capacity.
Headwinds
- Investment income declined significantly from prior year.
- Net realized and unrealized losses of $9.8 million impacted earnings.
- Benchmark rate declines affected interest income.
- NAV per share decreased to $19.28 from $20.20 a year ago.
- Cost of debt remains elevated at 5.99%, pressuring margins.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q3 2025
+0.4%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+0.4%
Avg return
30 days after
57%
13 / 23 earnings
Positive
+5.4%
Q4 2022
Best reaction
-4.7%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -1.1% | -16.1% | -14.9% | |
| Q4 2025 | -0.5% | +1.1% | -7.2% | |
| Q3 2025 | -4.5% | -6.3% | +5.1% | |
| Q1 2025 | -4.5% | -5.2% | -11.2% | |
| Q4 2024 | -4.7% | -8.6% | -11.8% | |
| Q3 2024 | +3.1% | +4.2% | +9.3% | |
| Q2 2024 | -0.2% | +2.0% | +1.5% | |
| Q1 2024 | +2.5% | +2.5% | +7.3% | |
| Q4 2023 | +3.5% | +2.6% | +7.4% | |
| Q3 2023 | -0.2% | +1.2% | +1.6% | |
| Q2 2023 | +0.1% | +2.4% | -0.2% | |
| Q1 2023 | +0.5% | +1.6% | +4.1% | |
| Q4 2022 | +5.4% | +7.3% | -5.8% | |
| Q3 2022 | -0.5% | -2.9% | -5.4% | |
| Q2 2022 | +1.8% | +6.4% | +4.9% | |
| Q1 2022 | -4.0% | -3.8% | -2.7% | |
| Q4 2021 | -2.5% | -0.9% | +1.5% | |
| Q3 2021 | +2.8% | +2.7% | -6.4% | |
| Q2 2021 | +1.3% | +0.5% | -0.1% | |
| Q1 2021 | +0.6% | +7.6% | +5.4% | |
| Q4 2020 | +0.9% | +5.6% | +8.6% | |
| Q3 2020 | +5.2% | +1.3% | +10.4% | |
| Q2 2020 | +3.6% | +3.2% | +7.2% | |
| Q4 2019 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — |
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