Prospect Capital Corporation reported a net increase in net assets resulting from operations of $153.7 million for the fiscal year ended June 30, 2026. This figure represents a significant improvement compared to the net decrease of $469.9 million reported for the fiscal year ended June 30, 2025. The company's investment income for the fiscal year ended June 30, 2026, was $639.5 million, a decrease from $719.4 million in the prior fiscal year. Total operating expenses also decreased to $330.2 million from $380.6 million in the prior fiscal year, contributing to the improved net operating income.
The company's investment portfolio, valued at $6.34 billion as of June 30, 2026, is primarily composed of first lien debt, representing 66.5% of the portfolio's fair value. This is a slight decrease from 65.7% as of June 30, 2025. Control investments constituted 57.5% of the portfolio's fair value, while non-control/non-affiliate investments represented 42.1%. The portfolio is diversified across 31 industry categories, with no single industry comprising more than 18.1% of the portfolio on a cost or fair value basis.
During the fiscal year ended June 30, 2026, Prospect Capital Corporation engaged in various investment transactions, including acquiring $138.8 million in new portfolio companies and completing $196.3 million in follow-on investments. The company also received $267.1 million in full repayments and $24.4 million in partial prepayments and other distributions. Debt management activities included issuing $6.8 million in Prospect Capital InterNotes® and repurchasing $677,000 of the 3.364% 2026 Notes and $25.0 million of the 3.437% 2028 Notes.
Looking ahead, Prospect Capital Corporation continues to focus on originating secured lending to middle-market companies to mitigate downside risk. The company's investment objective remains to generate both current income and long-term capital appreciation. The company's net asset value per common share was $5.71 as of June 30, 2026, a decrease from $6.56 as of June 30, 2025. The company's Board of Directors has authorized the sale of common stock below net asset value for the next 12 months, subject to certain conditions, to facilitate capital raising.
About PROSPECT CAPITAL CORP
Prospect Capital Corporation is a Maryland-based business development company that invests primarily in U.S. middle-market private companies. It provides debt and equity financing, focusing on senior secured loans, convertible debt, and equity-linked investments. The company targets companies with revenues under $750 million, offering capital for growth, acquisitions, and refinancing. Managed by Prospect Capital Management, it emphasizes income generation, capital appreciation, and long-term value creation through strategic, relationship-driven investments.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.
View the complete official filing on the SEC website.
Read on SEC.gov