CAPITAL SOUTHWEST CORP

Listed Company

CSWCCIK 0000017313NasdaqLarge AcceleratedTexasFY ends Mar 31

Period

FY 2026

Revenue

—

Net Income

$113.00M

Total Assets

$2.18B

Equity

$1.01B

Shares Out

62.14M

Op. Cash Flow

$-193.50M

CSWC$24.30+4.63% · past yearDBEQ Basic

Daily closing prices

Business

Capital Southwest Corporation is an internally managed, closed-end business development company that provides customized debt and equity financing to lower middle market companies in the United States. The company specializes in first lien senior secured debt investments alongside preferred and common equity, targeting smaller companies and operates through wholly owned subsidiaries including two SBA-licensed Small Business Investment Company funds, generating returns through interest income on debt and capital appreciation from equity holdings.

Summary from 10-K filed 2026-05-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Other income	2	2	545,000	121,000	17,000
Total investment income	232	204	178	119	82
Compensation	12	11	11	10	9
Share-based compensation	5	7	5	4	4
Interest	67	55	43	29	—
Professional fees	5	5	4	3	2
General and administrative	7	6	5	5	4
Total operating expenses	96	84	67	50	39
Income before taxes	137	120	111	69	43
Federal income, excise and other taxes	3	1	1	630,000	181,000
Deferred taxes	−2	841,000	−191,000	−301,000	434,000
Total income tax provision	1	2	944,000	329,000	615,000
Net investment income	135	118	110	69	43
Income tax provision	−8	−3	−286,000	−130,000	−1
Total net realized gain (loss) on investments, net of tax	6	−50	−40	−17	6
Income tax benefit (provision)	2	−4	17,000	−7	−2
Total net unrealized (depreciation) appreciation on investments, net of tax	−26	2	14	−19	11
Net realized and unrealized (losses) gains on investments	−20	−47	−26	−36	17
Realized loss on extinguishment of debt	−2	−387,000	−361,000	0	—
Realized loss on disposal of fixed assets	−2,000	−20,000	0	0	−86,000
Net increase in net assets from operations	113	71	83	33	43
Pre-tax net investment income per share - basic (in usd per share)	2.39	2.5	2.72	2.3	1.9
Net investment income per share basic (in usd per share)	2.37	2.46	2.7	2.29	1.87
Net increase in net assets from operations basic (in usd per share)	1.98	1.47	2.05	2.29	1.87
Net increase in net assets from operations - diluted (in usd per share)	1.9	1.47	2.05	2.29	1.87
Weighted average common shares outstanding basic (in shares)	57	47	41	30	23
Weighted average common shares outstanding diluted (in shares)	66	51	41	30	23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-12-31	FY 2025 2025-09-30	FY 2025 2025-06-30	FY 2025 2025-03-31
Investments at fair value	2,097	—	—	—	1,785
Cash and cash equivalents	29	—	—	—	43
Restricted cash	400,000	—	—	—	2
Dividends and interest	32	—	—	—	30
Escrow	612,000	—	—	—	2
Other	2	—	—	—	2
Income tax receivable	717,000	—	—	—	94,000
Debt issuance costs (net of accumulated amortization of $13,172 and $10,357, respectively)	7	—	—	—	9
Other assets	9	—	—	—	9
Total assets	2,178	—	—	—	1,883
Credit Facilities	345	—	—	—	343
Other liabilities	22	—	—	—	23
Accrued restoration plan liability	529,000	—	—	—	555,000
Income tax payable	636,000	—	—	—	3
Deferred tax liability	13	—	—	—	17
Total liabilities	1,167	—	—	—	999
Commitments and contingencies (Note 12)	—	—	—	—	—
Common stock, $0.25 par value: authorized, 75,000,000 shares at March 31, 2026 and March 31, 2025; issued, 60,577,181 shares at March 31, 2026 and 52,912,796 shares at March 31, 2025	15	—	—	—	13
Additional paid-in capital	1,075	—	—	—	959
Total distributable (loss) earnings	−79	—	—	—	−89
Total net assets	1,011	—	—	—	884
Total liabilities and net assets	2,178	—	—	—	1,883
Net asset value per share (in usd per share)	16.69	16.75	16.62	16.59	16.7

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Purchases and originations of investments	−683	−620	−497	−433	−499
Proceeds from sales and repayments of debt investments in portfolio companies	340	277	191	139	259
Proceeds from sales and return of capital of equity investments in portfolio companies	39	18	4	3	12
Proceeds from return of capital of investment in I-45 SLF LLC	0	0	13	0	0
Payment of accreted original issue discounts	3	2	2	2	4
Payment of accrued payment-in-kind interest	510,000	975,000	0	1	3
Depreciation and amortization	7	6	4	3	2
Net pension benefit	−67,000	−66,000	−66,000	−24,000	−132,000
Realized (gain) loss on investments before income tax	−15	47	40	17	−7
Realized loss on extinguishment of debt	2	387,000	361,000	—	—
Net unrealized depreciation (appreciation) on investments before income tax	28	−6	−14	12	−13
Accretion of discounts on investments	−10	−7	−5	−4	−3
Payment-in-kind interest	−14	−13	−11	−6	−4
Share-based compensation expense	5	7	5	4	4
Deferred income taxes	−4	5	−119,000	6	2
Increase in dividend and interest receivable	−4	−8	−5	−7	−2
Decrease (increase) in escrow receivables	3	−2	272,000	756,000	−159,000
(Increase) decrease in tax receivable	−623,000	241,000	31,000	−209,000	−4,000
Decrease (increase) in other receivables	491,000	−2	627,000	2	−2
Decrease (increase) in other assets	280,000	−1	−706,000	−128,000	−3
(Decrease) increase in taxes payable	−2	2	126,000	−1	1
(Decrease) increase in other liabilities	−1	6	618,000	2	3
Net cash (used in) provided by operating activities	−194	−217	−188	−227	−183
Acquisition of fixed assets	−286,000	−2	−13,000	−281,000	−2
Net cash used in investing activities	−286,000	−2	−13,000	−281,000	−2
Proceeds from common stock offering	158	178	181	203	98
Borrowings under Credit Facilities	588	368	305	185	315
Repayments of Credit Facilities	−586	−290	−275	−155	−230
Debt issuance costs paid	−2	−2	−10	−1	−4
Proceeds from issuance of SBA Debentures	47	21	32	78	39
Proceeds from issuance of September 2030 Notes	344	0	0	—	—
Proceeds from issuance of 2029 Convertible Notes	0	223	0	0	—
Proceeds from issuance of August 2028 Notes	0	0	70	0	—
Dividends to shareholders	−147	−125	−103	−71	−59
Common stock withheld for payroll taxes upon vesting of restricted stock	−1	−3	−1	−1	−1
Net cash provided by financing activities	178	232	199	238	164
Net (decrease) increase in cash, cash equivalents and restricted cash	−15	13	11	10	−20
Cash paid for income taxes	12	1	1	2	461,000
Cash paid for interest	64	47	38	25	18
Distributions in kind received	0	0	72	0	0

Filings

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Frequently asked questions

What is CAPITAL SOUTHWEST CORP's CIK number?

CAPITAL SOUTHWEST CORP's SEC CIK number is 0000017313 (17313). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CAPITAL SOUTHWEST CORP's SEC filings?

All of CAPITAL SOUTHWEST CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CAPITAL SOUTHWEST CORP last report earnings?

CAPITAL SOUTHWEST CORP (CSWC) most recently filed an earnings 8-K with the SEC on Jul 16, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000017313-26-000082). This is CAPITAL SOUTHWEST CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is CAPITAL SOUTHWEST CORP's most recent earnings 8-K?

CAPITAL SOUTHWEST CORP's latest earnings 8-K (Item 2.02) was filed Jul 16, 2026 under accession 0000017313-26-000082. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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