Oaktree Specialty Lending Corp

Listed Company

OCSLCIK 0001414932NasdaqLarge AcceleratedDelawareFY ends Sep 30

Period

FY 2025

Revenue

—

Net Income

$33.92M

Total Assets

$3.00B

Equity

$1.47B

Shares Out

88.09M

Op. Cash Flow

$228.37M

OCSL$12.16−17.11% · past yearDBEQ Basic

Daily closing prices

Business

Oaktree Specialty Lending Corporation is a closed-end, externally managed Business Development Company providing customized credit solutions to middle-market companies. The company invests primarily in first and second lien loans, unitranche loans, mezzanine debt, unsecured loans, and equity co-investments across U.S. middle-market companies. Portfolio investments span 143 portfolio companies with the majority allocated to senior secured loans. The company is externally managed by Oaktree Fund Advisors LLC and operates as a regulated investment company.

Summary from 10-K filed 2025-11-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-12-31	FY 2024 2024-09-30	FY 2023 2023-12-31	FY 2023 2023-09-30
Interest on cash and cash equivalents	5	—	6	—	4
Total interest income	288	—	346	—	349
PIK interest income	19	—	21	—	20
Fee income	6	—	9	—	7
Dividend income	3	—	5	—	4
Total investment income	317	—	382	—	379
Base management fee	30	—	43	—	45
Part I incentive fee	28	—	35	—	36
Professional fees	5	—	5	—	6
Directors fees	640,000	—	640,000	—	640,000
Interest expense	116	—	129	—	112
Administrator expense	2	—	2	—	1
General and administrative expenses	4	—	3	—	4
Total expenses	185	—	216	—	204
Management fees waived	−933,000	—	−5	—	−6
Part I incentive fees waived	−20	—	−4	—	0
Net expenses	163	—	207	—	199
Net investment income before taxes	154	—	175	—	181
(Provision) benefit for taxes on net investment income	−861,000	—	0	—	0
Excise tax	0	0	0	−100,000	−78,000
Net investment income	153	—	175	—	181
Foreign currency forward contracts	4	—	−9	—	59,000
Net unrealized appreciation (depreciation)	−101	—	19	—	−29
Foreign currency forward contracts	−11	—	1	—	−6
Net realized gains (losses)	−17	—	−136	—	−33
(Provision) benefit for taxes on realized and unrealized gains (losses)	−394,000	—	108,000	—	−2
Net realized and unrealized gains (losses), net of taxes	−119	—	−117	—	−63
Net increase (decrease) in net assets resulting from operations	34	—	58	—	117
Net investment income per common share - basic (in dollars per share)	1.77	—	2.18	—	2.51
Net investment income per common share - diluted (in dollars per share)	1.77	—	2.18	—	2.51
Earnings (loss) per common share - basic (in dollars per share)	0.39	—	0.72	—	1.63
Earnings (loss) per common share - diluted (in dollars per share)	0.39	—	0.72	—	1.63
Weighted average common shares outstanding - basic (in shares)	86	—	80	—	72
Weighted average common shares outstanding - diluted (in shares)	86	—	80	—	72

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Investments at fair value	2,800	3,000	2,900	2,500	—
Cash and cash equivalents	80	64	136	24	29
Restricted cash	0	15	9	3	2
Interest, dividends and fees receivable	32	39	45	36	—
Due from portfolio companies	3	13	6	22	—
Receivables from unsettled transactions	5	18	55	5	—
Due from broker	16	17	54	46	—
Deferred financing costs	10	12	13	7	—
Deferred offering costs	143,000	125,000	160,000	32,000	—
Gross Amount of Recognized Assets	9	0	5	7	—
Other assets	1	775,000	2	2	—
Total assets	3,003	3,198	3,218	2,646	—
Accounts payable, accrued expenses and other liabilities	2	3	3	4	—
Base management fee and incentive fee payable	13	16	—	—	—
Due to affiliate	2	4	4	3	—
Interest payable	12	16	16	8	—
Payables from unsettled transactions	15	16	11	27	—
Derivative liabilities at fair value	7	17	48	42	—
Deferred tax liability	269,000	0	5,000	0	—
Credit facilities payable	545	710	710	700	—
Unsecured notes payable (net of $6,561 and $4,935 of unamortized financing costs as of September 30, 2025 and September 30, 2024, respectively)	942	929	891	601	—
Total liabilities	1,537	1,711	1,702	1,401	—
Commitments and contingencies (Note 13)	—	—	—	—	—
Common stock, $0.01 par value per share, 250,000 shares authorized; 88,086 and 82,245 shares issued and outstanding as of September 30, 2025 and September 30, 2024, respectively	881,000	822,000	772,000	611,000	—
Additional paid-in-capital	2,350	2,264	2,166	1,828	—
Accumulated overdistributed earnings	−885	−777	−651	−583	—
Total net assets (equivalent to $16.64 and $18.09 per common share as of September 30, 2025 and September 30, 2024, respectively) (Note 11)	1,466	1,488	1,516	1,246	1,313
Total liabilities and net assets	3,003	3,198	3,218	2,646	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Accretion of original issue discount on investments	−18	−18	−22	−29	−29
Accretion of original issue discount on unsecured notes payable	1	1	783,000	679,000	572,000
Amortization of deferred financing costs	9	5	5	4	4
Deferred taxes	300,000	−5,000	2	−1	100,000
Purchases of investments	−959	−1,281	−742	−702	−1,120
Proceeds from the sales and repayments of investments	1,045	1,086	912	694	792
Cash received in the OSI2 Merger	0	0	22	0	21
(Increase) decrease in interest, dividends and fees receivable	7	2	578,000	−16	−8
(Increase) decrease in due from portfolio companies	9	−6	16	−21	1
(Increase) decrease in receivables from unsettled transactions	13	38	−51	3	3
(Increase) decrease in due from broker	2	37	−9	−44	−2
(Increase) decrease in other assets	−720,000	906,000	14,000	619,000	−1
Increase (decrease) in accounts payable, accrued expenses and other liabilities	−2	−458,000	−53	677,000	−426,000
Increase (decrease) in base management fee and incentive fee payable	−3	−4	−489,000	−17	20
Increase (decrease) in due to affiliate	−3	−222,000	408,000	−1	1
Increase (decrease) in interest payable	−4	224,000	4	3	1
Increase (decrease) in payables from unsettled transactions	−655,000	5	−16	19	8
Increase (decrease) in director fees payable	0	0	−9,000	0	−90,000
Net cash provided by (used in) operating activities	228	19	229	22	−231
Distributions paid in cash	−148	−177	−180	−115	−80
Borrowings under credit facilities	500	255	572	300	505
Repayments of borrowings under credit facilities	−665	−255	−787	−230	−530
Repayments of unsecured notes	−300	0	0	—	—
Issuance of unsecured notes	300	0	297	0	349
Shares issued under the "at the market" offering	3	93	1	21	0
Repurchases of common stock under dividend reinvestment plan	−11	−2	−2	−2	−2
Shares issued in private placement	100	0	0	—	—
Deferred financing costs paid	−8	−1	−11	−334,000	−9
Deferred offering costs paid	−43,000	−117,000	−235,000	−215,000	0
Net cash provided by (used in) financing activities	−229	−87	−110	−27	224
Effect of exchange rate changes on foreign currency	2	701,000	827,000	−851,000	−1
Net increase (decrease) in cash and cash equivalents and restricted cash	1	−67	119	−5	−7
Cash paid for interest	110	122	98	39	24
Issuance of shares of common stock under dividend reinvestment plan	0	6	3	3	2
Deferred financing costs	0	1	442,000	0	—
Deferred offering costs	0	0	12,000	—	—
Issuance of shares in connection with the OSI2 Merger	0	0	334	0	—

Filings

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Frequently asked questions

What is Oaktree Specialty Lending Corp's CIK number?

Oaktree Specialty Lending Corp's SEC CIK number is 0001414932 (1414932). 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 Oaktree Specialty Lending Corp's SEC filings?

All of Oaktree Specialty Lending 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 Oaktree Specialty Lending Corp last report earnings?

Oaktree Specialty Lending Corp (OCSL) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-204937). This is Oaktree Specialty Lending Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Oaktree Specialty Lending Corp's most recent earnings 8-K?

Oaktree Specialty Lending Corp's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001193125-26-204937. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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