NASDAQ$PNNT

PennantPark Investment Corp · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

PennantPark Investment reported Q3 2025, revenue of $29.6M, net income of $11.8M, diluted EPS of $0.18.

For Q3 2025, PennantPark Investment reported revenue of $29.6M, net income of $11.8M, diluted EPS was $0.18. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Revenue $29.6M.
  • Net income $11.8M.
  • Diluted EPS $0.18.
  • PennantPark Investment MD&A highlights liquidity, capital, and core trends.
  • Segment and macro factors shape year-over-year comparisons.

Headline financials

Total Revenue

-$26.4M

Previous: -$20.2M-30.7%
EPS (adj)

$0.18

Previous: $0.24-25.0%
Investment Portfolio

$1.17B

No prior period
Net Assets

$481M

No prior period
Net Asset Value Per Share

$7.36

No prior period
Credit Facility

$316M

No prior period
2026 Notes

$149M

No prior period
2026-2 Notes

$164M

No prior period
Regulatory Debt to Equity

1.31

No prior period
Weighted Average Yield on Debt Investments

11.5%

No prior period
Net Investment Income Per Share

$0.18

Previous: $0.24-25.0%
Core Net Investment Income Per Share

$0.18

No prior period
Distributions Declared Per Share

$0.24

Previous: $0.22+9.1%
Purchases of Investments

$87.7M

Previous: $163M-46.2%
Sales and Repayments of Investments

$132M

Previous: $133M-0.5%
PSLF Investment Portfolio

$1.34B

No prior period
PSLF Purchases of Investments

$22M

Previous: $56M-60.7%
PSLF Sales and Repayments of Investments

$71.4M

Previous: $54.9M+30.1%
Free Cash Flow

$8.15M

Previous: $3.75M+117.6%
Net Income

$8.15M

Previous: $3.75M+117.6%
Operating Income

-$34.3M

Previous: -$29.2M-17.3%
Gross Profit

-$26.4M

Previous: -$20.2M-30.7%

Revenue & EPS history

PennantPark · Revenue · Quarterly

-$26.4M

Q3 2025+30.7%vs Q3 2024
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

PennantPark · $28.7M total across 3 segments · Q4 2023

  • First Lien Secured Debt
    $24.5M
  • Second Lien Secured Debt
    $2.9M
  • Subordinated Debt
    $1.3M

Forward guidance

BDCs focus on net investment income, portfolio credit, and dividend coverage.

Tailwinds

  • Floating-rate asset yields on rising base rates.
  • Origination pipeline and fee income.
  • Net asset value and spillover income.

Headwinds

  • Credit deterioration in middle-market borrowers.
  • Spread compression on new originations.
  • Regulatory and funding market volatility.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.3%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+2.3%

Avg return

30 days after

52%

32 / 62 earnings

Positive

+19.3%

Q4 2020

Best reaction

-12.8%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-4.6%-10.4%
Q4 2025-5.6%-5.0%-8.1%
Q3 2025+0.8%-2.1%-2.3%
Q2 2025+3.3%+2.6%+3.5%
Q1 2025-0.7%+0.4%-3.8%
Q4 2024-1.0%-2.4%+1.3%
Q3 2024-0.4%+0.4%+0.1%
Q2 2024+3.2%+2.1%+7.8%
Q1 2024-2.2%-1.2%-1.9%
Q4 2023-2.5%-2.2%-2.8%
Q3 2023+3.6%+2.1%-1.0%
Q2 2023+7.4%+9.4%+20.1%
Q4 2022+0.3%+1.0%-4.8%
Q3 2022-1.7%-0.8%-3.6%
Q2 2022-0.8%-5.2%-5.8%
Q1 2022+6.3%+7.1%+5.6%
Q4 2021+1.0%+3.3%-3.2%
Q3 2021+4.6%+5.4%+1.4%
Q2 2021+4.4%+2.3%+5.1%
Q1 2021+0.4%-1.9%+3.7%
Q4 2020+19.3%+28.0%+28.9%
Q3 2020+3.2%+3.2%+2.3%
Q2 2020-4.6%-9.9%+27.4%
Q1 2020+2.9%+0.8%-11.1%
Q4 2019+1.7%+2.5%+11.3%
Q3 2019+0.6%-1.7%-3.7%
Q2 2019-3.6%-5.5%-6.5%
Q1 2019-3.5%-1.5%-3.3%
Q4 2018+4.1%+2.7%+2.4%
Q3 2018-0.5%+1.5%+1.5%
Q2 2018+2.5%+4.4%+10.2%
Q1 2018+4.8%+8.0%+9.9%
Q4 2017-4.0%-4.7%-8.1%
Q3 2017+0.7%+3.6%+1.1%
Q2 2017+4.4%-1.2%-3.1%
Q4 2016-6.0%-5.8%+2.3%
Q3 2016+2.0%+2.8%+10.1%
Q2 2016+0.2%
Q1 2016+5.7%
Q4 2015-7.8%
Q3 2015+2.8%
Q2 2015+0.4%
Q1 2015+4.5%
Q4 2014+0.4%
Q3 2014-0.5%
Q2 2014+1.0%
Q1 2014+0.7%
Q4 2013+1.3%
Q3 2013-1.2%
Q2 2013-2.0%
Q1 2013-2.4%
Q4 2012-2.4%
Q3 2012-0.2%
Q2 2012-1.4%
Q1 2012+0.0%
Q4 2011-4.4%
Q3 2011-4.6%
Q2 2011-0.2%
Q1 2010+4.2%
Q4 2010+0.0%
Q3 2010-1.5%
Q2 2010-12.8%

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