Investcorp Credit Management BDC, Inc. Earnings Per Share Disclosure
Note 9. Net Change in Net Assets Resulting from Operations Per Share
Basic earnings per share is computed by dividing earnings available to common stockholders by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis.
The following table sets forth the computation of the weighted average basic and diluted net increase in net assets per share from operations:
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Twelve Months Ended December 31, |
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Six Months Ended December 31, |
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Twelve Months Ended June 30, |
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Basic and Diluted Net Increase (Decrease) in Net Assets Per Share: |
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2025 |
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2024 |
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2024 |
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2023 |
Net increase (decrease) in net assets resulting from operations |
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$(8,847,940) |
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$6,042,089 |
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$(4,092,470) |
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$3,234,503 |
Weighted average shares of common stock outstanding |
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14,421,798 |
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14,404,510 |
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14,396,201 |
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14,389,163 |
Basic/diluted net increase (decrease) in net assets from operations per share |
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$(0.61) |
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$0.42 |
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$(0.28) |
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$0.22 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Sep 25, 2024 | |
| 2023 | Sep 21, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.