NYSE$TSLX

Sixth Street Specialty Lending Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Sixth Street Specialty Lending reported Q4 2025 net investment income of $0.53 per share.

Q4 net investment income was $0.53 per share (adjusted $0.52), covering the $0.46 base dividend by $0.06. Net income per share was $0.32 (adjusted $0.30). NAV per share was $16.98. The BDC declared a Q1 2026 base dividend of $0.46 and a $0.01 supplemental dividend.

  • Q4 NII $0.53/sh; adj. NII $0.52.
  • Net income $0.32/sh (adj. $0.30).
  • NAV $16.98 at quarter end.
  • Base dividend $0.46 for Q1 2026.

Headline financials

Total Revenue

$108M

Previous: $124M-12.5%
EPS (adj)

$0.52

Previous: $0.54-3.7%
Net Income

$30M

Previous: $51M-41.2%
Operating Income

$50.4M

Previous: $58.8M-14.3%

Revenue & EPS history

Sixth Street · Revenue · Quarterly

$108M

Q4 2025-12.5%vs Q4 2024
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Forward guidance

The release discusses TSLX's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.

Tailwinds

  • TSLX cites operational execution and demand trends supporting the outlook.
  • Balance sheet and capital actions aim to fund growth and shareholder returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 Q4 2025

Historical avgQ4 2025

+0.9%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.5%

Avg return

30 days after

68%

13 / 19 earnings

Positive

+4.6%

Q3 2023

Best reaction

-4.4%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%-11.3%-11.8%
Q4 2025-4.4%-4.3%-11.5%
Q3 2025-1.4%-6.4%-1.6%
Q1 2025-0.6%-0.9%+11.5%
Q4 2024+2.2%+2.9%-3.0%
Q3 2024+1.0%+1.3%+7.2%
Q2 2024-0.8%-5.0%+1.1%
Q1 2024-3.7%-3.0%+1.5%
Q4 2023+1.9%+1.6%-2.8%
Q3 2023+4.6%+2.9%+6.3%
Q2 2023+4.5%+2.5%+1.4%
Q1 2023+0.4%-2.6%+4.3%
Q4 2022+3.2%+0.3%-9.4%
Q3 2022+0.2%+1.2%+3.2%
Q2 2022-0.5%-0.6%-2.8%
Q1 2022+1.7%-0.2%-3.7%
Q4 2021+1.7%+0.0%-4.0%
Q3 2021+0.3%+1.5%+0.4%
Q4 2020+3.1%-0.1%+3.6%

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