Sixth Street Specialty Lending, Inc. Earnings Per Share Disclosure
10. Earnings per share
The following table sets forth the computation of basic and diluted earnings per common share:
|
|
Year Ended |
|
|||||||||
|
|
December 31, 2025 |
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
|||
Increase in net assets resulting from operations |
|
$ |
170,517 |
|
|
$ |
186,566 |
|
|
$ |
222,023 |
|
Weighted average shares of common stock outstanding—basic and diluted |
|
|
94,098,870 |
|
|
|
92,035,165 |
|
|
|
85,131,264 |
|
Earnings per common share—basic and diluted |
|
$ |
1.81 |
|
|
$ |
2.03 |
|
|
$ |
2.61 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
| 2023 | Feb 15, 2024 | |
| 2022 | Feb 16, 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.