NASDAQ$CGBD

Carlyle Secured Lending Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Carlyle Secured Lending reported Q1 2026 total investment income of $64.1M, net investment income of $25.2M ($0.36 per share), and a net decrease in net assets of $4.2M.

For the quarter ended March 31, 2026, CGBD generated total investment income of $64.1 million and net investment income of $25.2 million ($0.36 per share). Net decrease in net assets attributable to common stockholders was $4.2 million ($0.06 loss per share) after net realized and unrealized losses of $29.4 million. Base and incentive fees totaled $14.1 million.

  • Total investment income $64.1M; NII $25.2M.
  • NII per share $0.36; GAAP EPS $(0.06) after marks.
  • Net decrease in net assets $(4.2)M.
  • Interest income from non-controlled book $56.3M.
  • Credit Fund consolidated separately in filings.

Headline financials

Total Revenue

-$855K

Previous: -$721K-18.6%
EPS (adj)

-$0.06

Previous: $0.25-124.0%
Net Income

-$4.22M

Previous: $14.1M-130.0%

Revenue & EPS history

Carlyle · Revenue · Quarterly

-$855K

Q1 2026+18.6%vs Q1 2025
Beat estimate in 3 of 12 quarters(25%)
ActualEstimate

Forward guidance

Dividend coverage and portfolio rotation discussed with Carlyle platform.

Tailwinds

  • Healthy NII supports distributions.
  • Diversified lending book.

Headwinds

  • Unrealized depreciation pressured GAAP earnings.
  • Fee load on gross income.

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 Q1 2026

Historical avgQ1 2026

+0.6%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.3%

Avg return

30 days after

47%

9 / 19 earnings

Positive

+6.5%

Q1 2022

Best reaction

-3.7%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%-2.8%-4.8%
Q4 2025-0.5%-2.5%-4.2%
Q3 2025-1.2%-5.1%+2.5%
Q1 2025+0.0%-4.0%-2.4%
Q4 2024+1.9%+0.7%-4.6%
Q3 2024-0.4%-0.1%+5.8%
Q2 2024-3.6%-3.0%+0.6%
Q1 2024-0.3%+1.4%+1.8%
Q4 2023+5.1%+5.0%+5.1%
Q3 2023-0.6%-0.8%+5.9%
Q2 2023-3.3%-3.5%-6.6%
Q1 2023+0.1%-1.3%+8.9%
Q4 2022-3.7%-1.1%-11.0%
Q3 2022+3.4%+6.7%+7.1%
Q2 2022+1.4%+5.5%+1.0%
Q1 2022+6.5%+6.8%+3.2%
Q4 2021+2.3%+2.1%+5.6%
Q3 2021+0.2%+1.0%-2.1%
Q4 2020+4.8%+3.2%+12.6%

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