Sixth Street Specialty Lending, Inc.

Listed Company

TSLXCIK 0001508655NYSELarge AcceleratedDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$170.52M

Total Assets

$3.42B

Equity

—

Shares Out

95.02M

Op. Cash Flow

$401.58M

TSLX$17.46−30.43% · past yearDBEQ Basic

Daily closing prices

Business

Sixth Street Specialty Lending, Inc. is a business development company that generates current income by investing primarily in U.S. middle-market companies through direct originations of senior secured loans, supplemented by mezzanine, unsecured loans, corporate bonds and equity investments. The company targets companies with modest annual EBITDA, with a diversified portfolio across multiple industries and geographic regions. Sixth Street Specialty Lending operates under the investment advisory and administrative services of Sixth Street Partners' dedicated direct lending platform and distributes substantially all earnings to shareholders quarterly to maintain RIC status.

Summary from 10-K filed 2026-02-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Investment Income	449	483	438	—	—
Interest	130	154	134	63	—
Management fees	52	52	46	40	37
Incentive fees on net investment income	43	46	43	—	—
Incentive fees on net capital gains	−5	−5	4	−9	14
Professional fees	8	8	7	7	7
Directors fees	962,000	877,000	806,000	736,000	743,000
Other general and administrative	6	6	5	5	6
Total expenses	235	260	240	—	—
Management and incentive fees waived	−1	−1	−1	—	—
Net Expenses	234	259	239	—	—
Net Investment Income Before Income Taxes	215	224	199	—	—
Income taxes, including excise taxes	5	4	2	—	—
Net Investment Income	210	220	196	—	—
Net Unrealized gains (losses) on investments	45	−53	19	−76	50
Translation of other assets and liabilities in foreign currencies	−36	13	−6	9	−591,000
Interest rate swaps	0	0	174,000	−7	−7
Income tax provision	520,000	−3	556,000	—	—
Total net change in unrealized gains (losses)	9	−42	13	—	—
Realized gains (losses) on investments	−47	9	12	15	29
Foreign currency transactions	−505,000	−464,000	180,000	−291,000	59,000
Income tax provision	−940,000	—	—	—	—
Total net realized gains (losses)	−49	9	12	—	—
Total Net Unrealized and Realized Gains (Losses)	−39	−33	26	−58	69
Increase (Decrease) in Net Assets Resulting from Operations	171	187	222	—	—
Earnings per common sharebasic	1.81	2.03	2.61	1.38	2.93
Weighted average shares of common stock outstandingbasic	94	92	85	78	72
Earnings per common share - diluted	1.81	2.03	2.61	1.38	2.79
Weighted average shares of common stock outstanding - diluted	94	92	85	78	78

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-09-30	FY 2025 2025-06-30	FY 2025 2025-03-31	FY 2024 2024-12-31
Total investments at fair value	3,347	—	—	—	3,518
Cash and cash equivalents (restricted cash of $16,727 and $22,362, respectively)	20	—	—	—	27
Interest receivable	34	—	—	—	31
Prepaid expenses and other assets	21	—	—	—	6
Total Assets	3,422	—	—	—	3,582
Debt (net of deferred financing costs of $24,411 and $23,837, respectively)	1,743	—	—	—	1,901
Management fees payable to affiliate	13	—	—	—	13
Incentive fees on net investment income payable to affiliate	10	—	—	—	12
Incentive fees on net capital gains accrued to affiliate	0	—	—	—	5
Other liabilities	44	—	—	—	40
Total Liabilities	1,814	—	—	—	1,975
Commitments and contingencies (Note 8)	—	—	—	—	—
Preferred stock, $0.01 par value; 100,000,000 shares authorized; no shares issued and outstanding	—	—	—	—	—
Common stock, $0.01 par value; 400,000,000 shares authorized, 95,158,175 and 94,325,686 shares issued, respectively; and 94,705,150 and 93,661,436 shares outstanding, respectively	954,000	—	—	—	943,000
Additional paid-in capital	1,536	—	—	—	1,519
Treasury stock at cost; 664,250 and 664,250 shares held, respectively	−10	—	—	—	−10
Distributable earnings	82	—	—	—	98
Total Net Assets	1,608	—	—	—	1,608
Total Liabilities and Net Assets	3,422	—	—	—	3,582
Net Asset Value Per Share	16.98	17.14	17.17	17.04	17.16

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Increase (decrease) in net assets resulting from operations	171	187	222	108	212
Net realized (gains) losses on foreign currency transactions	870,000	−610,000	−335,000	509,000	56,000
Net amortization of discount on investments	−27	−21	−18	−19	−28
Amortization of deferred financing costs	7	7	5	6	6
Amortization of discount on debt	2	2	899,000	766,000	707,000
Purchases and originations of investments, net	−1,118	−1,096	−943	—	—
Proceeds from investments, net	112	85	42	23	93
Repayments on investments	1,227	778	473	—	—
Paid-in-kind interest	−25	−30	−18	−13	−10
Interest receivable	−3	−3	−8	−8	−2
Interest receivable paid-in-kind	−511,000	277,000	−2	359,000	−642,000
Prepaid expenses and other assets	−4	2	−3	−1	12
Management fees payable to affiliate	−159,000	991,000	1	—	—
Incentive fees on net investment income payable to affiliate	−2	562,000	533,000	—	—
Incentive fees on net capital gains accrued to affiliate	−5	−5	4	—	—
Payable to affiliate	−469,000	833,000	−463,000	116,000	517,000
Other liabilities	29	17	31	−53	−25
Net Cash Provided by (Used in) Operating Activities	402	−45	−237	−225	2
Borrowings on debt	1,336	1,785	1,546	1,330	1,617
Repayments on debt	−1,568	−1,653	−1,233	−918	−1,472
Deferred financing costs	−7	−9	−9	−4	−8
Proceeds from issuance of common stock, net of offering and underwriting costs	0	93	89	—	86
Dividends paid to stockholders	−170	−169	−156	−145	−222
Net Cash Provided by (Used in) Financing Activities	−409	48	236	234	241,000
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	−8	2	−451,000	10	3
Interest paid during the period	119	140	119	56	29
Excise and other taxes paid during the period	6	2	2	2	4
Dividends declared during the period	193	193	180	144	261
Reinvestment of dividends during the period	23	25	24	31	36

Filings

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Frequently asked questions

What is Sixth Street Specialty Lending, Inc.'s CIK number?

Sixth Street Specialty Lending, Inc.'s SEC CIK number is 0001508655 (1508655). 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 Sixth Street Specialty Lending, Inc.'s SEC filings?

All of Sixth Street Specialty Lending, Inc.'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 Sixth Street Specialty Lending, Inc. last report earnings?

Sixth Street Specialty Lending, Inc. (TSLX) 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 0001193125-26-206354). This is Sixth Street Specialty Lending, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Sixth Street Specialty Lending, Inc.'s most recent earnings 8-K?

Sixth Street Specialty Lending, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001193125-26-206354. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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