NYSE$BCSF
Bain Capital Specialty Finance Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Bain Capital Specialty Finance reported Q1 2026 total investment income of $66.2M, net investment income of $27.4M ($0.42 per share), and net increase in net assets of $3.4M.
For the quarter ended March 31, 2026, BCSF earned total investment income of $66.2 million and net investment income of $27.4 million ($0.42 per share). Net increase in net assets from operations was $3.4 million ($0.05 per share) after net realized and unrealized losses of $24.0 million on investments. Base management fee $9.1M; incentive fee $5.6M.
- Total investment income $66.2M; NII $27.4M ($0.42/sh).
- Net increase in net assets from operations $3.4M.
- Unrealized depreciation $(23.2)M on non-affiliated book.
- Controlled affiliate income $16.0M.
- Middle-market lending focus with Bain platform.
Headline financials
Revenue & EPS history
Bain Capital Specialty Finance · Revenue · Quarterly
$15.7M
Forward guidance
Dividend and NAV stability discussed; no formal EPS guide.
Tailwinds
- Positive NII and modest net asset increase.
- Diversified income sources including affiliates.
Headwinds
- Unrealized marks reduced total return.
- Credit environment remains selective.
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 Q1 2026
+0.7%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+1.0%
Avg return
30 days after
59%
17 / 29 earnings
Positive
+7.3%
Q1 2020
Best reaction
-3.3%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.1% | -2.3% | -6.2% | |
| Q4 2025 | +0.8% | +0.0% | -5.2% | |
| Q3 2025 | -1.7% | -0.2% | +4.2% | |
| Q1 2025 | +0.3% | -0.7% | +1.4% | |
| Q4 2024 | +3.2% | -4.4% | -9.5% | |
| Q3 2024 | +2.7% | +3.9% | +3.1% | |
| Q2 2024 | -1.4% | -1.4% | +10.2% | |
| Q1 2024 | -0.4% | +0.4% | +1.2% | |
| Q4 2023 | +0.4% | +1.4% | +1.2% | |
| Q3 2023 | -2.3% | -2.3% | -4.0% | |
| Q2 2023 | +2.5% | +2.7% | +6.2% | |
| Q1 2023 | +4.5% | +7.1% | +14.6% | |
| Q4 2022 | +0.8% | +4.2% | -9.3% | |
| Q3 2022 | +2.7% | +5.9% | +1.5% | |
| Q2 2022 | -0.6% | +0.8% | +0.3% | |
| Q1 2022 | -1.0% | -2.9% | -6.5% | |
| Q4 2021 | -3.3% | -0.4% | +0.3% | |
| Q3 2021 | +2.0% | +2.9% | +0.5% | |
| Q2 2021 | -0.1% | +1.1% | +0.0% | |
| Q1 2021 | +0.1% | +0.6% | +0.5% | |
| Q4 2020 | +0.1% | +4.7% | +9.4% | |
| Q3 2020 | +4.5% | +12.4% | +31.6% | |
| Q2 2020 | +3.8% | +6.1% | +3.6% | |
| Q1 2020 | +7.3% | +16.3% | +27.4% | |
| Q4 2019 | -0.4% | +0.1% | -42.5% | |
| Q3 2019 | +0.6% | +0.5% | +3.4% | |
| Q2 2019 | +0.7% | +0.0% | +3.4% | |
| Q1 2019 | -0.1% | -3.7% | -6.0% | |
| Q4 2018 | -3.2% | -4.7% | -4.2% | |
| Q4 2017 | — | — | — |
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