Q4 25 EPS
$0.28
MISS 1.72%
Est. $0.28
Q4 25 Revenue
$69.0M
BEAT +3.53%
Est. $66.6M
vs S&P Since Q4 25
-24.8%
TRAILING MARKET
PFLT -14.3% vs S&P +10.5%
Full Year 2025 Results
FY 25 EPS
$1.16
FY 25 Revenue
$261.4M
Market Reaction
Did PFLT Beat Earnings? Q4 2025 Results
PennantPark Floating Rate Capital posted a narrow earnings miss in its fiscal fourth quarter, reporting net investment income per share of $0.28 against a consensus estimate of $0.29, a shortfall of 3.45%, even as revenue climbed 33.5% year over year… Read more PennantPark Floating Rate Capital posted a narrow earnings miss in its fiscal fourth quarter, reporting net investment income per share of $0.28 against a consensus estimate of $0.29, a shortfall of 3.45%, even as revenue climbed 33.5% year over year to $68.98 million. The headline driver behind that strong top-line growth was a substantially larger debt portfolio, which expanded to $2.77 billion from $1.98 billion a year ago, though the momentum was partially offset by yield compression as the weighted average yield on debt investments fell to 10.2% from 11.5% in the prior-year period. A key strategic catalyst during the quarter was the formation of PSSL II, a new joint venture with Hamilton Lane targeting a $500 million portfolio, which management expects will serve as a meaningful engine for net investment income growth as it scales. The company maintained its quarterly distribution at $0.31 per share, and with spillover income of $0.25 per share available as a buffer, management signaled confidence in the dividend's near-term stability. A Truist analyst initiated coverage with a Buy rating shortly after results, citing the company's deployment momentum and middle-market lending franchise.
Key Takeaways
- • Increase in size of debt portfolio driving higher investment income
- • Focus on core middle market with attractive credit spreads and lower leverage
- • 99% variable-rate debt portfolio
- • Low PIK interest of only 1.8% of portfolio
- • Reduced annualized weighted average cost of debt to 6.8% from 8.5%
PFLT YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
PFLT Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our investment portfolio continues to perform well and we remain confident in the continued resilience of the portfolio, supported by our disciplined focus on the core middle market. Investments in the core middle market typically feature attractive credit spreads, lower leverage, and enhanced lender protections relative to the upper middle market. Our portfolio has among the lowest PIK interest in the industry of only 1.8%, which is a result of our lower risk core middle market loans”
— Art Penn, Q4 2025 Earnings Press Release
PFLT Earnings Trends
PFLT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PFLT EPS Trend
Earnings per share: estimate vs actual
PFLT Revenue Trend
Quarterly revenue: estimate vs actual
PFLT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $0.28 | $0.26 | -7.14% | $66.0M | -4.10% |
| Q1 26 MISS | $0.30 | $0.27 | -9.03% | $70.1M | -0.28% |
| Q4 25 MISS FY | $0.28 | $0.28 | -1.72% | $69.0M | +3.53% |
| FY Full Year | — | $1.16 | — | $261.4M | — |
| Q3 25 MISS | $0.29 | $0.27 | -7.85% | $63.5M | -4.18% |
| Q2 25 MISS | $0.32 | $0.28 | -12.61% | $61.9M | -5.88% |