Q2 26 EPS
$0.33
MISS 0.63%
Est. $0.33
Q2 26 Revenue
$48.8M
BEAT +0.00%
Est. $48.8M
vs S&P Since Q2 26
+0.3%
BEATING MARKET
SLRC +0.8% vs S&P +0.5%
Market Reaction
Did SLRC Beat Earnings? Q2 2026 Results
SLR Investment Corp. Delivered a mixed second quarter for fiscal 2026, narrowly missing earnings expectations while revenue landed precisely in line with forecasts. The business development company posted net investment income of $0.33 per share, fal… Read more SLR Investment Corp. Delivered a mixed second quarter for fiscal 2026, narrowly missing earnings expectations while revenue landed precisely in line with forecasts. The business development company posted net investment income of $0.33 per share, falling just short of the $0.33 consensus estimate by 0.63%, as total investment income of $48.82 million held flat against expectations despite rising 12.5% year over year. The headline EPS shortfall reflected a smaller average income-producing portfolio and lower index rates, which weighed on net investment income that dropped to $17.76 million from $21.61 million a year ago. Compounding the pressure, net realized and unrealized losses of $9.49 million, compared to gains of $2.62 million in Q2 2025, dragged the net increase in net assets from operations down sharply to $8.27 million. NAV per share slipped to $18.00 from $18.16 at quarter-end March. Looking ahead, management is leaning into defensive asset-based lending, with 98% of $471.10 million in quarterly originations concentrated in specialty finance, and more than $900 million in available capital to deploy, even as $260 million in unsecured note maturities loom through early 2027.
Key Takeaways
- • Decrease in average size of income-producing investment portfolio reduced gross investment income year-over-year
- • Decrease in index rates contributed to lower investment income
- • Lower incentive fees partially offset by increased interest expense reduced net expenses
- • Net realized and unrealized losses of $9.5 million versus gains of $2.6 million in prior year quarter
- • 98% of Q2 originations in specialty finance assets reflecting strategic tilt toward asset-based lending
- • Asset-based lending contributed 47.2% of total investment income, largest among all segments
SLRC Forward Guidance & Outlook
Management highlighted a strategic acceleration toward defensive asset-based lending and specialty finance investments, taking a more opportunistic approach to cash flow investments amid market uncertainties and supply/demand imbalances in middle market private credit. The company has over $900 million of available capital to deploy in asset-based financing solutions. Near-term debt maturities include $75 million in December 2026, $135 million in January 2027, and $50 million in March 2027 of unsecured notes.
SLRC YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
SLRC Revenue by Segment
With YoY comparisons, source: SEC Filings
“We view our diversified specialty finance platform as a key differentiator which enables us to navigate market uncertainties and supply/demand imbalances in middle market private credit. Given the current environment, we have accelerated our tilt toward defensive asset-based lending and specialty finance investments, leveraging actively managed borrowing bases and liquid collateral to support resilient returns while taking a more opportunistic approach to cash flow investments. In Q2, 98% of our $471 million comprehensive portfolio originations were in specialty finance assets, as we rebuild the earnings power of SLRC's portfolio. With over $900 million of available capital, we are well positioned to provide borrowers with growth capital and liquidity with asset-based financing solutions which offer attractive risk-adjusted returns.”
— Michael Gross, Q2 2026 Earnings Press Release
SLRC Earnings Trends
SLRC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SLRC EPS Trend
Earnings per share: estimate vs actual
SLRC Revenue Trend
Quarterly revenue: estimate vs actual
SLRC Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $0.33 | $0.33 | -0.63% | $48.8M | +0.00% |
| Q1 26 MISS | $0.40 | $0.33 | -17.29% | $49.3M | -8.75% |
| Q4 25 MISS FY | $0.40 | $0.40 | -0.10% | $54.5M | -0.93% |
| FY Full Year | $1.60 | $1.59 | -0.50% | $218.5M | -0.10% |
| Q3 25 MISS | $0.41 | $0.40 | -2.91% | $57.0M | +1.22% |
| Q2 25 MISS | $0.40 | $0.40 | -0.77% | $53.9M | +1.29% |
| Q1 25 MISS | $0.41 | $0.41 | -0.12% | $53.2M | -0.47% |