**Prospect Capital Corp. Reports Financial Results for Q2 2026**
Prospect Capital Corporation (PSEC) has released its 10-Q filing, detailing its financial performance for the three and six months ended December 31, 2025. The company reported total investment income of $176 million for the quarter, compared to $185.5 million for the same period in the previous year. For the six-month period, total investment income was $333.6 million, a decrease from $381.8 million in the prior year. Net investment income for the quarter was $90.9 million, up from $86.4 million year-over-year, while the six-month figure was $170.2 million, down from $176.3 million.
The company experienced a net realized loss from investments of $141.3 million for the quarter and $143.2 million for the six-month period. This compares to a net realized loss of $46.7 million and $147.0 million for the same periods in the prior year, respectively. However, the net change in unrealized gains from investments was $71.3 million for the quarter and $71.9 million for the six-month period, compared to a net change in unrealized losses of $40.1 million and $163.8 million for the same periods in the prior year, respectively. The net increase in net assets resulting from operations applicable to common stockholders was a loss of $6.6 million for the quarter, or $0.01 per share, and a gain of $41.5 million for the six-month period, or $0.09 per share.
Key operational developments included gross investment originations of $80.4 million for the quarter, consisting of $33.3 million in new investments, $37.8 million in follow-on investments, $9.3 million in revolver advances, and $20.0 million in PIK interest. Repayments totaled $79.3 million. The company also issued $17.4 million in Prospect Capital InterNotes® and $167.6 million in 5.50% Series A Notes due 2030. The company repurchased $34.8 million of its 3.364% 2026 Notes and $20.3 million of its 3.437% 2028 Notes. Additionally, 7,908,194 shares of common stock were issued through the conversion of preferred stock.
As of December 31, 2025, Prospect Capital's net asset value (NAV) per common share was $6.21, compared to $6.56 as of June 30, 2025. The company's investment portfolio, at fair value, totaled $6.44 billion, spread across 91 portfolio investments and CLOs. The company's management believes that its current investment strategy and capital structure are well-positioned to navigate the current market environment and generate attractive returns for its stockholders. The company also declared monthly dividends of $0.045 per share for its common stockholders.
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-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
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.