NASDAQ$OXSQ

Oxford Square Capital Corp · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Oxford Square Capital reported Q4 2025 NAV of $1.69 per share with net investment income of $0.07 per share.

Oxford Square Capital reported Q4 2025 results for its BDC portfolio: NAV per share was $1.69 (down from $1.95 at Sep 30), net investment income was $5.4 million ($0.07 per share), and total investment income was $10.4 million. The board declared monthly distributions of $0.035 per share for April–June 2026.

  • NAV $1.69 per share at Dec 31, 2025.
  • NII $0.07 per share; investment income $10.4M.
  • CLO equity and debt yield metrics disclosed.
  • Net unrealized depreciation $16.0M in quarter.
  • Monthly cash distributions $0.035/share declared.

Headline financials

Total Revenue

$10.4M

Previous: $10.2M+2.0%
EPS (adj)

$0.07

Previous: $0.09-22.2%
Debt Investment Income

$5.3M

No prior period
CLO Equity Income

$4.3M

No prior period
Other Income

$800K

No prior period
Total Expenses

$5M

Previous: $4.7M+6.4%
Weighted Avg Debt Yield

14.5%

Previous: 14.6%-0.7%
Weighted Avg CLO Equity Yield

8.6%

Previous: 9.7%-11.3%
CLO Cash Distribution Yield

14.2%

Previous: 14.3%-0.7%
Net Realized Losses

$2.3M

No prior period
Net Unrealized Depreciation

-$16M

No prior period
Investments Made

$18M

No prior period
Repayments

$7.4M

No prior period
Avg Credit Rating (FV)

2.2

No prior period
Avg Credit Rating (Principal)

2.3

No prior period
Preferred Equity Non-Accrual

$5M

No prior period
Common Shares Issued

4.3M

No prior period
ATM Net Proceeds

$7.9M

No prior period
Common Shares Outstanding

86.1M

No prior period
NAV per share

$1.69

Previous: $1.95-13.3%
Net Income

-$12.9M

Previous: $6M-315.0%
Operating Income

$5.4M

Previous: $6M-10.0%

Revenue & EPS history

Oxford Square · Revenue · Quarterly

$10.4M

Q4 2025+2%vs Q4 2024
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

BDC provides monthly distribution declarations; no EPS guide—returns driven by credit spreads and CLO equity marks.

Tailwinds

  • High-yield debt portfolio income.
  • Monthly cash distributions to shareholders.
  • CLO equity cash yield ~14.2%.

Headwinds

  • NAV decline from unrealized depreciation.
  • Credit market volatility affects marks.
  • Leverage amplifies NAV sensitivity.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.4%

Avg return

Earnings day

+0.8%

Avg return

5 days after

-3.4%

Avg return

30 days after

47%

8 / 17 earnings

Positive

+5.7%

Q2 2023

Best reaction

-3.4%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%-2.1%-30.6%
Q4 2025+1.1%+1.6%-0.5%
Q3 2025+1.6%+4.8%-2.7%
Q1 2025-0.4%-3.5%-8.6%
Q4 2024+0.4%-0.4%-8.6%
Q3 2024+0.7%+0.3%-8.6%
Q2 2024+1.3%-1.7%-3.3%
Q1 2024-3.3%-2.1%-6.1%
Q4 2023-2.6%-1.3%+3.6%
Q3 2023+0.0%-0.7%-1.3%
Q2 2023+5.7%+10.4%+5.0%
Q1 2023-1.6%-0.7%-6.9%
Q4 2022+0.0%+1.3%-1.3%
Q3 2022+4.0%+5.0%+3.0%
Q2 2022+3.9%+3.6%+5.2%
Q1 2022-0.3%+3.6%+1.5%
Q4 2021-3.4%-5.1%+1.9%

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