PROSPECT CAPITAL CORP

Listed Company

PSECCIK 0001287032NasdaqLarge AcceleratedMarylandFY ends Jun 30

Period

FY 2025

Revenue

—

Net Income

$-469.92M

Total Assets

$6.80B

Equity

$2.99B

Shares Out

482.49M

Op. Cash Flow

$523.17M

Business

PROSPECT CAPITAL CORP is a closed-end investment company and BDC that primarily lends to and invests in middle-market, privately held companies. It offers senior and secured first‑lien and second‑lien loans, convertible and unsecured debt, preferred and common equity, equity‑linked securities, warrants, and select real estate and public company investments. The company is externally managed by Prospect Capital Management with administrative services provided by Prospect Administration and provides managerial assistance to portfolio companies. It focuses principally on U.S. middle‑market companies while also opportunistically investing in broadly‑traded public and non‑U.S. issuers through direct origination relationships with private equity sponsors, intermediaries and management teams.

Summary from filing dated 2025-08-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-08-31	FY 2024 2024-06-30	FY 2023 2023-08-31	FY 2023 2023-06-30
Total interest income (excluding PIK interest income)	581	—	629	—	628
Total PIK Interest Income	90	—	141	—	133
Total interest income (Note 2)	671	—	770	—	761
Dividend Income	19	—	12	—	8
Total other income (Note 10)	29	—	79	—	83
Total Investment Income	719	—	862	—	852
Base management fee (Note 13)	146	—	157	—	155
Income incentive fee (Note 13)	41	—	81	—	87
Interest and credit facility expenses	148	—	160	—	148
Allocation of overhead from Prospect Administration (Note 13)	22	—	26	—	21
Audit, compliance and tax related fees	4	—	4	—	5
Directors fees	600,000	—	570,000	—	525,000
Other general and administrative expenses	19	—	14	—	15
Total Operating Expenses	381	—	442	—	431
Net Investment Income	339	—	420	—	421
Net Investment Income	339	—	420	—	421
Net realized gains (losses)	−519	—	−417	—	−41
Net change in unrealized gains (losses)	−291	—	261	—	−481
Net Realized and Net Change in Unrealized Gains (Losses) from Investments	−810	—	−157	—	−522
Net realized gains (losses) on extinguishment of debt	972,000	—	−248,000	—	−180,000
Net Increase (Decrease) in Net Assets Resulting from Operations	−470	234	263	−88	−102
Preferred Stock dividends	−107	—	−98	—	−71
Net gain (loss) on redemptions of Preferred Stock	−2	—	−5	—	321,000
Gain (loss) on Accretion to Redemption Value of Preferred Stock	−15	—	−12	—	0
Net Increase (Decrease) in Net Assets Resulting from Operations applicable to Common Stockholders	−594	—	147	—	−172
Basic (in dollars per share)	−1.35	—	0.36	—	−0.43
Diluted (in dollars per share)	−1.35	—	0.34	—	−0.43
Basic (in shares)	440	—	413	—	399
Diluted (in shares)	440	—	625	—	399

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-08-31	FY 2024 2024-06-30	FY 2024 2024-03-31	FY 2023 2023-12-31
Fair Value	6,674	—	7,718	—	—
Cash and cash equivalents (restricted cash of $4,282 and $3,974, respectively)	51	—	86	—	—
Interest, net	25	—	27	—	—
Due from broker	33	—	734,000	—	—
Deferred financing costs on Revolving Credit Facility (Note 4)	19	—	23	—	—
Prepaid expenses	1	—	1	—	—
Total Assets	6,805	—	7,857	—	—
Revolving Credit Facility (Notes 4 and 8)	856	—	795	—	—
Convertible Notes (less unamortized debt issuance costs of $0 and $649, respectively) (Notes 5 and 8)	0	—	156	—	—
Due to Prospect Capital Management (Note 13)	42	—	59	—	—
Interest payable	15	—	21	—	—
Dividends payable	29	—	26	—	—
Due to broker	6	—	10	—	—
Accrued expenses	3	—	4	—	—
Total Liabilities	2,186	—	2,559	—	—
Commitments and Contingencies (Note 3 and Note 15)	—	—	—	—	—
Preferred Stock	1,630	—	1,586	—	—
Net Assets Applicable to Common Shares	2,989	—	3,712	—	—
Common stock, par value $0.001 per share (1,152,100,000 and 1,352,100,000 common shares authorized; 455,902,826 and 424,846,963 issued and outstanding, respectively) (Note 9)	456,000	—	425,000	—	—
Paid-in capital in excess of par (Note 9 and 12)	4,242	—	4,148	—	—
Distributions in excess of earnings (Note 12)	−1,254	−497	−436	—	—
Net Assets Applicable to Common Shares	2,989	—	3,712	—	—
Net Asset Value Per Common Share (Note 16) (in dollars per share)	6.56	—	8.74	8.99	8.92

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Accretion of premiums, net	−11	−6	−5	−13	−10
Amortization of deferred financing costs	9	7	7	8	7
Accretion of original issue discount	3	3	3	3	1
Structuring fees	−8	−8	−15	−19	−28
Payments for purchases of investments	−794	−616	−929	−2,220	−984
Proceeds from sale of investments and collection of investment principal	1,060	537	424	1,108	830
Net Reductions to Subordinated Structured Notes and related investment cost	78	83	13	75	—
(Increase) decrease in interest receivable, net	2	−4	−10	−350,000	−863,000
(Increase) decrease in due from broker	−33	−117,000	−617,000	13	−11
(Increase) decrease in other receivables	−551,000	−40,000	−306,000	−380,000	−259,000
(Increase) decrease in due from Affiliate	−46,000	−77,000	−2,000	0	0
(Increase) decrease in prepaid expenses	−326,000	−13,000	−71,000	−6,000	176,000
Increase (decrease) in due to broker	−5	10	94,000	−15	15
Increase (decrease) in due to Prospect Capital Management	−17	−3	4	9	6
Increase (decrease) in accrued expenses	−101,000	−1	2	−2	2
Increase (decrease) in interest payable	−6	−1	−4	−690,000	−2
Increase (decrease) in other liabilities	273,000	−1	592,000	450,000	−2
Net Cash Provided by Operating Activities	523	280	−221	−795	31
Borrowings under Revolving Credit Facility (Note 4)	2,060	1,144	1,545	2,151	1,093
Principal payments under Revolving Credit Facility (Note 4)	−1,999	−1,363	−1,369	−1,669	−973
Redemptions of Convertible Notes (Note 5)	−156	0	−61	−52	−200
Repurchase of Public Notes (Note 6)	−190	0	0	—	—
Financing costs paid and deferred	−3	−14	−8	−11	−17
Proceeds from issuance of preferred stock, net of underwriting costs	132	257	760	560	126
Offering costs from issuance of preferred stock	−3	−6	−11	−6	−4
Repurchase of Preferred Stock	0	−11	−580,000	0	0
Redemptions of Preferred Stock	−2	0	0	—	—
Dividends paid and distributions to common and preferred stockholders	−332	−360	−299	−270	−196
Net Cash Provided by (Used in) Financing Activities	−558	−290	281	767	−12
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	−35	−10	60	−28	19
Cash paid for interest	143	151	142	108	124
Value of shares issued through reinvestment of dividends	35	41	52	35	81

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