NASDAQ$CGBD

Carlyle Secured Lending Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Carlyle Secured Lending reported Q4 2025, diluted EPS of $0.33.

For Q4 2025, Carlyle Secured Lending reported diluted EPS was $0.33, adjusted diluted EPS was $0.36 per the quarterly earnings release and SEC filing.

  • Diluted EPS $0.33.
  • Adjusted EPS $0.36.
  • Carlyle Secured Lending discussed capital allocation and operating priorities.

Headline financials

Total Revenue

$66.9M

Previous: $44.5M+50.4%
EPS (adj)

$0.36

Previous: $0.47-23.4%
NAV per Common Share

$16.26

Previous: $16.80-3.2%
Total Investments at FV

$2.46B

Previous: $1.8B+36.6%
Weighted Average Yield

10.1%

Previous: 10.6%-4.7%
Non-Accrual Rate (FV)

1.2%

No prior period
Debt to Equity Ratio

1.32

No prior period
Net Income

$17.4M

Previous: $20.5M-15.1%
Operating Income

$24M

Previous: $0.00

Revenue & EPS history

Carlyle · Revenue · Quarterly

$66.9M

Q4 2025+50.4%vs Q4 2024
Beat estimate in 3 of 12 quarters(25%)
ActualEstimate

Forward guidance

BDC focus on origination growth, NAV stability, and $0.40 quarterly dividend.

Tailwinds

  • Q4 NII $0.33; adjusted NII $0.36.
  • Record origination in Q4/FY25.
  • Middle-market credit positioning.

Headwinds

  • NAV down 0.6% in Q4.
  • Credit cycle and marks.
  • Interest rate sensitivity.

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 Q4 2025

Historical avgQ4 2025

+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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