Q1 25 EPS
$0.41
MISS 0.12%
Est. $0.41
Q1 25 Revenue
$53.2M
MISS 0.47%
Est. $53.4M
vs S&P Since Q1 25
-40.4%
TRAILING MARKET
SLRC -6.8% vs S&P +33.6%
Market Reaction
Did SLRC Beat Earnings? Q1 2025 Results
SLR Investment Corp. Posted a modest miss on both top and bottom lines in Q1 2025, with earnings per share of $0.41 falling just short of the $0.41 consensus estimate and revenue of $53.18 million trailing expectations by 0.47%, even as total investm… Read more SLR Investment Corp. Posted a modest miss on both top and bottom lines in Q1 2025, with earnings per share of $0.41 falling just short of the $0.41 consensus estimate and revenue of $53.18 million trailing expectations by 0.47%, even as total investment income grew 10.1% year over year. The shortfall was driven primarily by a smaller income-producing portfolio and lower index rates, which weighed on gross investment income and pushed net investment income down to $22.11 million from $23.85 million in the year-ago quarter. Net asset value per share slipped marginally to $18.16 from $18.20 at year-end 2024, while net leverage of 1.04x sat near the low end of the company's 0.9x-1.25x target range, leaving over $800 million in deployable capital. Looking ahead, management pointed to a growing asset-based lending pipeline fueled by bank retreat and market dislocation, expressing confidence that the portfolio's domestic services tilt and working capital collateralization provide resilience against tariff-related uncertainty.
Key Takeaways
- • Decrease in income-producing investment portfolio size reduced gross investment income year-over-year
- • Decline in index rates reduced both investment income and interest expense
- • Lower average borrowings reduced interest expense
- • Strong credit quality with 99.6% of portfolio performing at fair value
- • Asset-based lending was only strategy with positive net portfolio activity in Q1 2025
- • SSLP generated annualized yield of 15.7% on cost basis
SLRC YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
SLRC Revenue by Segment
With YoY comparisons, source: SEC Filings
“We remain pleased with the composition, quality, and performance of our portfolio on an absolute and relative basis in the first quarter. While the ultimate impact from tariffs remains highly uncertain, we are actively engaged with our portfolio companies and believe that our portfolio, which is heavily collateralized by working capital assets and focused on domestic services businesses, is well positioned for the current environment.”
— Michael Gross, Q1 2025 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| 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% |