PROSPECT CAPITAL CORP Earnings Per Share Disclosure
| For the Year Ended June 30, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Net increase (decrease) in net assets resulting from operations - basic | $ | (593,762) | $ | 147,416 | $ | (172,473) | ||||||||||||||
| Adjustment for dividends on Convertible Preferred Stock | — | 80,100 | — | |||||||||||||||||
| Adjustment for interest on Convertible Notes | — | — | — | |||||||||||||||||
| Adjustment for Incentive Fee on Convertible Instruments | — | (16,020) | — | |||||||||||||||||
| Net increase (decrease) in net assets resulting from operations - diluted | $ | (593,762) | $ | 211,496 | $ | (172,473) | ||||||||||||||
| Weighted average common shares outstanding - basic | 440,314,909 | 412,703,365 | 398,514,965 | |||||||||||||||||
| Weighted average common shares from assumed conversion of Convertible Preferred Stock | — | 212,573,371 | — | |||||||||||||||||
| Weighted average common shares from assumed conversion of Convertible Notes | — | — | — | |||||||||||||||||
| Weighted average shares of common stock outstanding - diluted | 440,314,909 | 625,276,736 | 398,514,965 | |||||||||||||||||
| Earnings (loss) per share - basic | $ | (1.35) | $ | 0.36 | $ | (0.43) | ||||||||||||||
| Earnings (loss) per share - diluted | $ | (1.35) | $ | 0.34 | $ | (0.43) | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 26, 2025 | Showing above |
| 2024 | Aug 28, 2024 | |
| 2023 | Sep 8, 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.